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Definition
| Project Tasks-any activity that will take time and resources. Activities are distinct scheduled portions of work performed during the course of a project. |
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| Sequence of tasks within a project network that determines how long a project will last. A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model. |
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| Amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating schedule constraints. |
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| Precedence Diagramming Method |
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Definition
| Technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed. |
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| One task must finish before another task can start-a logical relationship in which a successor activity cannot start until a predecessor activity has finished. |
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Probability something negative happens; affecting: budget, schedule, deliverables
-An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives. |
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| A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed. |
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Contingency strategies planned. Low, unlikely, or forced acceptance.
-A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs. |
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Definition
The risks transfer to another party through the use of contracts, insurance.
-A risk response strategy whereby the project team shifts the impact of a threat to a third party, together with ownership of the response. |
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Definition
| A point or matter in question or in dispute, or a point or matter that is not settled and is under discussion or over which there are opposing views or disagreements. |
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Definition
| A risk that would have a positive effect on one or more project objectives. |
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Definition
Remaining after response strategies have been applied.
-A risk that remains after risk responses have been implemented. |
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Definition
Remains after or created by primary risk reductions.
-A risk that arises as a direct result of implementing a risk response. |
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Term
| Communications Management Plan |
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Definition
| A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated. |
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Definition
Network of project tasks, earliest/latest start dates computed, one sequence is critical path that needs to start/end on time for project to finish on schedule.
-A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model. |
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Term
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Definition
| Any continuous series of scheduled activities connected with logical relationships in a project schedule network diagram. |
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Term
| Program Evaluation and Review Technique (PERT) |
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Definition
Network of project tasks, optimistic/likely/pessimistic time estimate made for each task, 95% confident true time is within range.
A technique for estimating that applies a weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates. |
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Term
| Precedence Diagramming Method |
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Definition
| A technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed. |
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Term
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Definition
The total number of work periods (not including holidays or other nonworking periods) required to complete a schedule activity or work breakdown structure component.
Usually expressed as terms of workdays or workweeks.
Sometimes incorrectly equated with elapsed time. Contrast with effort. |
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Definition
Process of identifying relevant quality standards and developing a plan to ensure the project meets those standards.
-A component of the project or program management plan that describes how an organization's quality policies will be implemented. |
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