Joint Cost and Schedule Confidence Level (JCL)

A process that combines a project's cost, schedule, and risk into a complete picture. JCL is not necessarily a specific methodology or a product from a specific tool. The JCL calculation includes consideration of the risk associated with all elements, regardless of whether or not they are funded from appropriations or managed outside of the project. A JCL identifies the probability that a given project or program cost will be equal to or less than the targeted cost AND that the schedule will be equal to or less than the targeted schedule date.