Term
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Definition
| a methodology that converts an organizations value drivers to a series of defined metrics |
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Term
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Definition
| the approved project management plan plus approved changes |
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Term
| business service management (BSM) tools |
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Definition
| tools that help track the execution of business process flows and expose how the state of supporting IT systems and resources is impacting end to end business process performance in real time |
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Term
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Definition
| the rate used in discounting future cash flow; also called the discount rate or opportunity cost of capital |
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Term
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Definition
| benefits minus costs or income minus expenses |
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Term
| change control board (CCB) |
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Definition
| a formal group of people responsible for approving or rejecting changes on a project |
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Definition
| a formal documented process that describes when and how official project documents may be changed |
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Term
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Definition
| a process that ensures that the descriptions of the projects products are correct and complete |
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Term
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Definition
| the return available by investing the capital elsewhere |
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Term
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Definition
| new requirements imposed by management government or some external influence |
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Term
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Definition
| a multiplier for each year based on the discount rate and year |
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Term
| integrated change control |
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Definition
| identifying evaluating and manging changes throughout the project life cycle |
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Term
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Definition
| identifying and managing the points of interaction between various elements of a project |
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Term
| internal rate of return (IRR) |
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Definition
| the discount rate that results in an NPV of zero for a project |
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Term
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Definition
| a technique that uses branches radiating out from a core idea to structure thoughts and ideas |
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Term
| net present value (NPV) analysis |
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Definition
| a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time |
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Term
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Definition
| chances to improve the organization |
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Term
| organizational process assets |
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Definition
| formal and informal plans policies procedures guidelines information systems financial systems management systems lessons learned and historical information that can be used to influence a projects success |
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Term
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Definition
| the amount of time it will take to recoup in the form of net cash inflows the total dollars invested in a project |
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Term
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Definition
| undesirable situations that prevent the organization from achieving its goals |
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Term
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Definition
| a document that formally recognizes the existence of a project and provides direction on the projects objectives and management |
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Term
| project integration management |
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Definition
| processes that coordinate all project management knowledge areas throughout a projects life, including developing the project charter, developing the preliminary project scope statement developing the project management plan directing and managing the project monitoring and controlling the project providing integrated change control and closing the project |
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Term
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Definition
| a document used to coordinate all project planning documents and guide project execution and control |
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Term
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Definition
| the minimum acceptable rate of return on an investment |
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Term
| return on investment (ROI) |
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Definition
| benefits minus cost divided by costs |
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Term
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Definition
| determining long term objectives by analyzing the strengths and weaknesses of an organization studying opportunities and threats in the business environment predicting future trends and projecting the need for new products and services |
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Term
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Definition
| analyzing Strengths Weaknesses Opportunities and Threats used in aid to strategic planning |
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Term
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Definition
| a technique that provides a systematic process for basing project selection on numerous criteria |
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