Glossary
Title |
|
|---|---|
| C-AMP |
Custodian Asset Management Plan |
| Capacity |
The resources (human resources, financial, physical assets, systems, procedures, etc.) which an organisation puts at the disposal of portfolio management to select, fund and execute its work. (Source: The Standard for Portfolio Management 2006. Project Management Institute, Inc.). |
| CAPEX |
Capital Expenditure Programme |
| Capital Expenditure (CAPEX) |
Expenditure used to create new assets or to increase the capacity of existing assets beyond their original design capacity or service potential. Capital expenditure increases the value of asset stock. (Source: International Infrastructure Management Manual – Ver.3.0 2006). |
| Cash flow |
The stream of cost and/or benefits over time resulting from a project investment of ownership of an asset. (Source: International Infrastructure Management Manual – Ver.3.0 2006). |
| Category |
A description used to group potential authorised components, assets or work to facilitate decision making. Categories usually link their components, assets or work with a common set of strategic goals. (Source: The Standard for Portfolio Management 2006. Project Management Institute, Inc.). |
| CFO |
Chief Financial Officer |
| CIDB |
Construction Industry Development Board |
| Client (Private Sector) |
Person or organization who a) is responsible for initiating, financing and accepting a brief for the delivery or maintenance of infrastructure for its own use as an end user or an agent of the end user. or b) procures or commissions works to be constructed, refurbished, rehabilitated, extended, altered, maintained or demolished and pays for it. (Source: CIDB Standard for the Delivery and Maintenance of Infrastructure using a Gateway System). |
| Client (Public Sector) |
Organ of state that provides the strategic brief commissions the work and pays for it. (Source: IDM Toolkit). |
| CMIP |
Comprehensive Municipal Infrastructure Plan |
| CoGTA |
The Department of Co-operative Governance and Traditional Affairs |
| Commissioning |
A quality-oriented process for achieving, verifying, and documenting that the performance of facilities, systems and assemblies meets defined objectives and criteria. (Source: CIDB Standard for the Delivery and Maintenance of Infrastructure using a Gateway System). |
| Completion |
State of readiness for use or occupation of the whole works although some minor work may be outstanding. (Source: Adapted from ISO 6707-2 Building and civil engineering – Vocabulary - Part 2: Contract terms). |
| Components |
Specific parts of an asset having independent physical or functional identity attributes such as different life expectancy, maintenance regimes, risk or criticality. (Source: International Infrastructure Management Manual – Ver.3.0 2006). |
| Concept report |
The document which contains the package information which sets out the integrated concept for the works, any statutory permissions and funding or utility approvals granted, a risk report and, where new infrastructure is created, a logistic support plan. (Source: CIDB Standard for the Delivery and Maintenance of Infrastructure using a Gateway System). |
| Condition Based Preventative Maintenance |
Preventative maintenance initiated as a result of knowledge of an asset/component’s condition from routine continuous monitoring. (Source: International Infrastructure Management Manual – Ver. 3.0 2006). |
| Conflict of interest |
Any situation in which: a) someone in a position of trust has competing professional or personal interests which make it difficult for him to fulfil his duties impartially, b) an individual or organization is in a position to exploit a professional or official capacity in some way for his personal or for corporate benefit, or c) incompatibility or contradictory interests exist between an employee and the organization which employs that employee. (Source: CIDB Standard for Uniformity in Construction Procurement). |
| Construction Industry |
The broad conglomeration of industries and sectors which add value in the creation and maintenance of fixed assets within the built environment. (Source: Construction Industry Development Board act of 2000 (Act No 38 of 2000)). |
| Construction Procurement |
Procurement in the construction industry, including the invitation, award and management of contracts (Source: CIDB Standard for Uniformity in construction Procurement). |