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Profitability index (PI)
The ratio of the present value of the cash inflows to the initial investment cost. Also called the cost-benefit ratio.
Participative budgeting
Participative budgeting is a budgeting process under which those people impacted by a budget are actively involved in the budget creation process. […]
Post-consumer waste
The output material that has been “used” and disposed of. It has served its intended use and has been diverted and recovered […]
Preventive maintenance
A type of planned maintenance having an equipment maintenance strategy based on replacing, overhauling, or remanufacturing an item at a fixed interval, […]
Purchase order (PO)
The specific buying activity or the placing of orders under the umbrella of a procured goods or service contract.
Prevention
The detection and removal of process flaws during execution.
Primary footprint
The measure of the direct emissions of CO2. These come from the burning of fossil fuels for energy consumption and transportation. The […]
project justification.
See project objectives statement.
Principled negotiation
An interest-based bargaining style based on several premises: Separate the people from the problem; focus on interests, not positions, invent options for […]
Payback period
The length of time it will take to recoup an initial investment cost. In other words, how long it takes to earn […]