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Project Management
Final Exam Review
7
Business
Undergraduate 4
12/12/2008

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Term
Change control system:
Definition
A formal, documented process that describes the procedures for changing the project scope and product scope. Includes systematic process or system that the project team uses to handle changes to a variety of project aspects
Term
Configuration management system:
Definition
A scope control technique that ensures that the requested changes to the project and product scope are thoroughly considered and documented before being implemented.
Term
Cost control:
Definition
The process of ensuring that only appropriate changes are included in the modified cost baseline.
Term
Earned value management:
Definition
Earned value management: EVM: A technique that measures project performance over time and provides a way to forecast future performance based on past performance.
Term
Post implementation review:
Definition
A document that is usually completed 6-12 months after implementation as a check on whether the outcomes of the project were as expected, whether ongoing costs are as expected, and whether implementing the product yields net benefits.
Term
Project audit:
Definition
A systematic and formal inquiry into a project’s expenditures, schedule, and quality of work.
Term
Project closure:
Definition
Final implementation and training related to the project, acceptance and signoff on the project, and archiving of the project’s results.
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