Term
Change Order
Definition
A Change Order is a formal document created during a project to revise its scope, timeline, or cost. This document is essential for officially documenting any changes that deviate from the original plan.
Where you'll find it
In the Business platform, Change Orders are primarily created and managed within the project management section. This feature is accessible regardless of the plan or version being used, ensuring all users can effectively track and authorize adjustments to ongoing projects.
Common use cases
- Adjusting project scopes: When additional features are requested or unnecessary ones are removed.
- Modifying timelines: Extending deadlines due to unforeseen challenges or speeding up deliverables based on new requirements.
- Altering budgets: Increasing or decreasing the project budget based on new financial insights or project demands.
Things to watch out for
- Approval necessity: Ensure all Change Orders are approved by necessary stakeholders to avoid misunderstandings.
- Impact on project delivery: Frequent changes might delay the project; assess the implications of every Change Order.
- Documentation vital: Always maintain thorough records of Change Orders for auditing and historical tracking.
Related terms
- Project Management
- Scope Creep
- Stakeholder Approval
- Budget Adjustment