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Construction PM Glossary.

Frequent terms in construction project management in Costa Rica, in English and Spanish.

BIM (Building Information Modeling)

Methodology based on parametric 3D digital models. Enables cross-disciplinary conflict detection (clash detection) before construction and reduces change orders.

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CAPEX

Capital Expenditure: total project investment in assets. In construction it includes land, design, works, equipment, permits, and taxes.

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CFIA (Costa Rican Federated Engineers and Architects Association)

Costa Rica’s federated college of engineers and architects. Regulates professional practice, endorses drawings, and maintains the official site log.

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EAC (Estimate at Completion)

Estimate of total cost at project end based on current performance. A key indicator to anticipate budget deviations.

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EDGE

Excellence in Design for Greater Efficiencies. IFC (World Bank) efficiency certification designed for emerging markets. Faster and cheaper than LEED.

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EVM (Earned Value Management)

Methodology integrating scope, time, and cost to measure performance through indicators like CPI (Cost Performance Index) and SPI (Schedule Performance Index).

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Fast-track

Schedule strategy that overlaps phases (design + construction + permits) normally sequential, to compress total timeline. Increases risk and requires strong coordination.

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INVU (National Institute of Housing and Urban Development)

National housing and urbanism institute. Defines the Construction Regulations and grants land-use approval when there is no municipal zoning plan.

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Lean Construction

Management philosophy applying Lean Manufacturing principles to construction to minimize waste (time, materials, rework). Tools: Last Planner System®, takt time, pull planning.

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LEED

Leadership in Energy and Environmental Design. U.S. Green Building Council’s certification system for sustainable buildings. In Costa Rica most class-A corporate projects target at least LEED Silver.

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PMO (Project Management Office)

Project management office. Organizational structure that standardizes methodology, templates, and metrics across the client’s portfolio of projects.

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PMP®

Project Management Professional. Project Management Institute (PMI) certification, global reference in professional project management. ICC’s leadership is PMP®-certified.

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Punch list

List of minor pending items identified at pre-acceptance. Its formal closure is a condition for final acceptance and the start of warranty periods.

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S-curve

Cumulative progress curve (planned vs. actual) with characteristic S shape. A core tool of project management.

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SETENA (National Environmental Technical Secretariat)

National environmental technical secretariat. Grants Environmental Viability, a prerequisite for construction permits on projects with significant environmental impact.

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