Common Sense with The Project Definitions!

Limited Liability Company (LLC) is a business structure or organisation that is operated and managed by members (owners) with selective benefits of a corporation and a limited partnership. (a newer type of business that is a blend between a sole proprietorship and a corporation.) The LLC members of the company are not personally liable for the company's debts or liabilities. ... (more about ...)

The One Oil Industry That Isn’t Under Threat (15 August 2018): Peak oil demand might be near, but the consumption of oil for plastics will keep demand elevated for decades. Indeed, the IEA has said that plastics and other petrochemicals are the only sector in which oil consumption could continue to grow well into the 2030s. Rising plastic consumption ...  ... (more about ...)

Discounted Cash Flow (DCF) analysis is the method of valuing a project using the concepts of the time value of money. The DCF analysis is to determine the present value of future cash flows (future free cash flow projection and discount it). All future cash flow is estimated and discounted by using cost of capital to give its present value. If the DCF analysis value ... (...more about the Project Controls)

The risks and rewards of outsourcing: By Calin Buia, Christiaan Heyning, and Fiona Lander
In the digital age, companies in the energy and materials industries must balance the classic advantages of outsourcing a segment of the value chain with the new realities of shutting down their strategic options if a supplier becomes too powerful. Outsourcing is nothing new to big companies in the ... (more about ...)

Idiom:  Scared Stiff

Scared Stiffvery scared. Example: Normally, people is scared stiff by the robber. I was scared stiff when the dog growled at me. ...

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Project Definitions

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Project language

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Project Definitions

Definition Dictionary

Clear & simple with
Project language

Continuously updating and improving

Definition Dictionary

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