Term
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Definition
| conditions that must be met before deliverables are accepted |
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Definition
| distinct scheduled portion of work performed during a project |
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Definition
| Cost incurred for the work performed on a activity during a specific time |
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Definition
| estimating the duration or cost of an activity/project using historical data from similar project |
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Definition
| effort is allotted proportionately across certain discrete efforts not divisible discrete efforts. Used for EVM (Earned Value Management) |
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Term
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Definition
| factor in planning process that is considered to be true, real, or certain, without proof or demonstration |
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Definition
| critical path method technique for calculating late start and late finish. Work from end to start of model |
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Definition
| Approved version of a work product that can only be changed through formal change control and used as a basis for comparison |
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Definition
| method of estimating project cost or duration by adding the estimates of lower level components of the WBS |
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Term
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Definition
| sum of all budgets established for the work to be performed |
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Definition
| process where modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected. |
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Definition
| form group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project. Used to record and communicate such decisions |
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Definition
| formal proposal to modify any document, deliverable, or baseline |
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Definition
| numbering system to uniquely identify each component of the work breakdown structure |
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Term
| Communications Management Plan |
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Definition
| describes how, when and by whom information will be administered and disseminated |
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Definition
| limiting factor that affects execution |
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Definition
| management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement |
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Definition
| intentional activity that realigns the performance of the project work with the project management plan |
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Definition
| describes how cost will be planned, structured, and controlled |
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Term
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Definition
| measure of cost effciency of budgeted resources expressed as the ratio of earned value to actual cost |
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Definition
| amount of budget deficet or surplus at a given point. Earned value - Actual cost |
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Term
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Definition
| shortening the schedule duration for the least incremental cost by adding resources |
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Definition
| schedule method that places buffers on project schedule path to account for limited resources and uncertainties |
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Term
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Definition
| sequence of activities that represents the longest path through a project, which determines the shortest possible duration |
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Definition
| any activity on the critical path schedule |
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Definition
| used to estimate minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model |
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Definition
| a point in time when the status of the project is recorded |
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Definition
| Diagramming and calucation technique for evaluating the implications of a chain multiple options in the presence of uncertainty |
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Definition
| technique to divide the project scope and project deliverables into smaller, more manageable parts |
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Definition
| An intention activity to modify a nonconforming product or product component |
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Definition
| any unique and verifable product, result, or capability to perform a service that is requried to be produced to complete a process, phase, or project |
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Definition
| an activity that can be planned and measured and that yields a specific output. One of the EVM techniques |
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Term
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Definition
| in critical path method, earliest possible time when uncompleted activity can finish |
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Term
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Definition
| in critical path method, earliest possible point when uncompleted activities can start |
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Definition
| measure of work performed expressed in terms of the budget authorized for the work |
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Definition
| methodology that combines scope, schedule, and resource meaurements to asses project performance and progress |
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Definition
| number of labor units required to complete a schedule activity or work breakdown structure component, expressed in hours or days |
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Term
| Enterprise Enviromental Factors |
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Definition
| conditions, not under the immediate control of the team, that influence, constrain, or direct the project |
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Term
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Definition
| expected total cost of completing work expressed as sum of the actual cost to date and the estimate to complete |
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Definition
| expected cost to finish all the remaining project work |
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Definition
| schedule compression technique in which activities or phases normally done in sequence are performed in parallel |
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Term
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Definition
| successor activity cannot finish until predecessor activity has finished |
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Term
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Definition
| successor activity cannot start until predecessor activity finishes |
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Definition
| critical path meth technique for calculating early start and early finish dates by working forward throught the schedule model from the project start |
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Definition
| amount of time schedule activity can be delayed without delaying the early start date of successor |
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Term
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Definition
| bar chart of schedule information where activities are listed on the vertical axis, dates are shown on the horizontal axis, and activity durations are shown as horizontal bars placed according to start and finish dates |
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Term
| Human Resource Management Plan |
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Definition
| component of project management plan that describes how the roles and responsibilties, reporting relationships, and staff management will be addressed |
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Definition
| amount of time a successor activity is required to be delayed with respect to the predecessor activity |
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Term
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Definition
| in critical path method, latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, project completion date, or schedule constraints |
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Term
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Definition
| in critical path method, latest possible time when uncompleted activity can start based on the schedule |
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Term
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Definition
| amount of time a successor activity can be advanced with respect to a predecessor activity |
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Term
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Definition
| knowledge gained during project and how issues were addressed, improves future performance |
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Definition
| activity that does not produce definitive end products and is measured by the passage of time. EVM technique |
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Definition
| dependency betweek two activities or between an activity |
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Definition
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Term
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Definition
| estimate of the most probable activity duration that takes into account all known variables that could affect performance |
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Definition
| a risk that would have a positive effect on one or more project objectives |
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Definition
| estimate of the shortest activity duration that takes into account all known variables that could affect performance |
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Term
| Organizational Breakdown Structure |
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Definition
| hierarchical representation of the project organization, which shows what project activities will be completed by what organizational groups |
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Term
| Organizational Process Assets |
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Definition
| Plans, processes, polocies, procedures, and knowledge bases specific to and used by the performing organization |
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Term
| Organizational Project Management Maturity |
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Definition
| level of organization's ability to deliver desired outcomes in reliable manner |
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Term
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Definition
| estimating technique which an algorithm isued to calculate cost or duration based on historical data and project performance |
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Term
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Definition
| relationship which schedule activity has more than one predecessor |
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Term
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Definition
| relationship which schedule activity has more than one successor |
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Term
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Definition
| estimate expressed as percent of work that has been completed on a WBS |
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Term
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Definition
| enterprise whose personnel are the most directly involved in doing the work of the project |
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Term
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Definition
| estimate of the longest activity duration |
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Term
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Definition
| review at the end of a phase to determine if next phase should start. |
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Term
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Definition
| authorized budget assigned to scheduled work |
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Definition
| Projects, programs, and operations managed as a group to achieve strategic objectives |
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Term
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Definition
| process of optimizing the mix of portfolio components to further the strategic objectives of the organization |
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Term
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Definition
| certralized management of one or more portfolios to achieve strategic objectives |
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Term
| Precedence Diagramming Method |
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Definition
| technique used for constructing schedule model which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence the activites will be performed |
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Term
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Definition
| activity that logically comes before dependent activity |
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Term
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Definition
| intentional activity that ensures future performance of the project work is aligned with the project management plan |
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Term
| Probabilty and Impact Matrix |
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Definition
| grid for mapping the probability of each risk occurence and its impact on the project objectives |
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Term
| Procurement Management Plan |
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Definition
| describes how the team will acquire goods and services from outside the organization |
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Term
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Definition
| series of phases that represent the evolution of a product , from concept through delivery, growth, maturity, and retirement |
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Term
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Definition
| group of related projects that are managed together to create benefits that would be achieved if managed individually |
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Term
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Definition
| application of knowledge, skills, tools, and techniques to a program to meet the program requirements. |
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Term
| Program Management Office |
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Definition
| standardizes program related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques |
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Term
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Definition
| iterative process of increasing the level of detail in a project management plan as more information and accuracte estimates are available |
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Term
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Definition
| temporary endevor undertaken to create unique product, service |
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Term
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Definition
| calendar that identifies working days and shifts that are available for scheduled activites |
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Term
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Definition
| Document issed by project sponser, formally authorizes project, gives project manager authority to apply organizational resources |
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Term
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Definition
| series of project phases that a project passes through from its initiation to its closure |
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Term
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Definition
| application of knowledge, skills, tools, and techniques to project activites to meet project requirements |
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Term
| Project Management Office |
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Definition
| standardized project related governance, facilitates sharing of resources |
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Term
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Definition
| document that describes how the project will be executed, monitored, and controlled |
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Term
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Definition
| person assigned to lead the team and is responsible for achieving project objectives |
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Term
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Definition
| collection of logically related project activites that culminates in the completion of one or more deliverables |
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Term
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Definition
| output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources |
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Term
| Project Schedule Network Diagram |
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Definition
| graphical representation of logical relationships among project schedule activities |
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Term
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Definition
| work performed to deliver product, service, or result |
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Term
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Definition
| describes how an organizations quality policies will be implemented |
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Term
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Definition
| condition that is required to be present in a product, service, or result to satisfy a contract or other formally imposed specification |
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Term
| Requirements Management Plan |
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Definition
| describes how requirement will be analyzed, documented, and managed |
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Term
| Requirements Traceability Matrix |
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Definition
| grid that links product requirements from their orgin to the deliveables that satisfy them |
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Term
| Resource Breakdown Structure |
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Definition
| hierarchical representation of resources by category and type |
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Term
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Definition
| identifies workingdays and shifts upon which each specfic resource available |
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Term
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Definition
| technique which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply |
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Term
| Responsibilty Assignment Matrix |
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Definition
| grid that shows the project resources assigned to each work package |
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Term
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Definition
| uncertain event that has either positive or negative effect |
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Term
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Definition
| risk response strategy where the project team decides acknowledge the risk and not take any action if the risk occurs |
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Term
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Definition
| risk response strategy, project team acts to eliminate the threat or protect the project from its impact |
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Term
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Definition
| hierarchical representation of risks that is organized according to risk categories |
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Term
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Definition
| group of potential causes of risk |
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Term
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Definition
| component of the project, program, or portfolio management plan that describes how risk management activites will be structured and performed |
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Term
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Definition
| Risk response strategy where the project team acts to reduce the probability of occurrence of a risk |
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Term
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Definition
| document which results of risk analysis and risk respons planning are recorded |
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Definition
| risk response strategy, the project team shifts the impact to a third party, ownership together |
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Term
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Definition
| iterative planning technique, work in near term is planned in detail, work in the future is planned at higher level |
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Term
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Definition
| approved version of a schedule model that can be changed through formal change control and is the basis for comparison of actual results |
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Term
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Definition
| technique used to shorten schedule duration without reducing scope |
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Term
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Definition
| establishes criteria and the activities for developing, monitoring, controlling schedule |
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Term
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Definition
| representation of the plan for executing the project activites, including durations, dependancies, and other planning information used to produce a schedule |
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Term
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Definition
| process used to investigate or analyze the output of the schedule model in order to optimize the schedule |
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Term
| Schedule Performance Index |
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Definition
measure of schedule efficiency expressed as the ratio of earned value to planned value
EV/PV |
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Term
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Definition
measure of schedule performance expressed as the difference between earned value and planned value
EV-PV |
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Term
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Definition
| approved version of the scope statement, WBS, WBS dictionary, which can be changed only through change control. |
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Term
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Definition
| uncontrolled expansion to product scope without adjustments in time, cost, or resources |
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Term
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Definition
| describes how the scope will be defined, developed, monitored, controlled, and validated |
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Term
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Definition
| earned value technique used to indicate performance trends by using graph that displays cumulative costs over a specific time period |
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Term
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Definition
| risk that arises as a direct result of implementing a risk response |
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Term
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Definition
| person or group that provides resources and support for the project, program, portfolio, and is accountable for enabling success |
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Term
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Definition
| describes how team members will be acquired and how long they will be needed |
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Term
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Definition
| individual, group, or organization that may affect, be affected by, or percieve itself affected by a outcome of a project |
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Term
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Definition
| logical relationship, successor activity cannot finish until predecessor activity has started |
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Term
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Definition
| dependent activity that logically comes after another activity in a schedule |
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Term
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Definition
| risk that would have negative effect on project |
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Term
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Definition
| technique used to estimate cost or duration by applying average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates |
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Term
| To Complete Performance Index |
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Definition
| measure of the cost performance that is require to be achieved with the remaining resources in order to meet a specified management goal, expressed as the ratio of the cost to finish the outstanding work to the remaining budget |
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Term
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Definition
| amount of time that a schedule activity can be delayed or extended from its early start with delaying the project finish date |
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Term
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Definition
| event that indicates that a risk is about to occur |
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Term
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Definition
| technique used for determining the cause and degree of difference between the baseline and actual performance |
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Term
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Definition
projection of the amount of budget deficit or surplus expressed as the difference between the budget at completion and the estimate at completion
BAC-EAC |
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Term
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Definition
| document that provides detailed deliverable, activity, and scheduling information about each component in the work breakdown structure |
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Term
| What if Scenario Analysis |
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Definition
| process of evaluating scenarios in order to predict their effect on project objectives |
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Term
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Definition
| hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create required deliverables |
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Term
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Definition
| work defined at the lowest level of the WBS for which cost and duration can be estimated and managed |
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Term
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Definition
| response to threat that has occurred for which was not planned for prior |
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