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Project Management Glossary - N
near-critical activity
alow total float activity.
negative total float*
time by which the duration of an activity or path has to be reduced in order to permit a limiting imposed date to be achieved.
negotiated contract cost
The estimated cost negotiated in a cost-plus-fixed-fee contract or the negotiated contract target cost in either a fixed price-incentive contract or a cost-plus-incentive-fee contract. See also contract target cost.
negotiation
the art of satisfying needs by reaching agreement or compromise with other parties.
net present value*
aggregate of future net cash flows discounted back to a common base date, usually the present.
network
a pictorial presentation of project data in which the project logic is the main determinant of the placements of the activities in the drawing. Frequently called a flowchart, PERT chart, logic drawing, or logic diagram.
network analysis*
method used for calculating a project's critical path and activity times and floats.
Note: see also critical path analysis, project network techniques.
network interface*
activity or event common to two or more network diagrams.
network logic
the collection of activity dependencies that make up a project network.
network path
a series of connected activities in a project network.
nodes*
points in a network at which arrows start and finish.
non-recurring costs
expenditures against specific tasks that are expected to occur only once on a given project.
non-splittable activity*
an activity that, once started, has to be completed to plan without interruption.
Note: resources should not be diverted from a non-splittable activity to another activity.
not earlier than
a restriction on an activity that indicates that it may not start or end earlier than a specified date.
not later than
a restriction on an activity that indicates that it may not start or end later than a specified date.
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