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PMP Glossary
PMP Common Acronymes & Definitions
75
Management
Professional
10/07/2010

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Cards

Term
AC
Definition
Actual Cost
Term
ACWP
Definition
actual cost of work performed
Term
BAC
Definition
budget at completion
Term
BCWP
Definition
budgeted cost of work schedualed
Term
BCWS
Definition
budgeted cost of work
Term
CCB
Definition
change control board
Term
COQ
Definition
cost of quality
Term
CPAF
Definition
cost plus award fee
Term
CPF
Definition
cost plus fee
Term
CPFF
Definition
cost plus fixed fee
Term
CPI
Definition
cost performance index
Term
CPIF
Definition
cost plus incentive fee
Term
CPM
Definition
critical parth methodology
Term
CV
Definition
cost variance
Term
EAC
Definition
estimate at completion
Term
EF
Definition
early finish date
Term
EMV
Definition
expected monetory value
Term
ES
Definition
early start date
Term
ETC
Definition
estimate to complete
Term
EV
Definition
earned value
Term
EVM
Definition
earned value managment
Term
FF
Definition
finish-to-finish
Term
FFP
Definition
firm fixed price
Term
FMEA
Definition
failure mode and effect analysis
Term
FP-EPA
Definition
fixed price with economic price adjustment
Term
FPIF
Definition
fixed price incentive fee
Term
FS
Definition
finish to start
Term
IFB
Definition
invitation for bid
Term
LF
Definition
late finish date
Term
LOE
Definition
level of effort
Term
LS
Definition
late start date
Term
OBS
Definition
organizational breakdown structure
Term
PDM
Definition
precedence diagramming method
Term
PMBOK
Definition
Project Managment Body of Knowledge
Term
PMIS
Definition
project managment information system
Term
PMP
Definition
Project Managment Professional
Term
PV
Definition
planned value
Term
QA
Definition
quality assurance
Term
QC
Definition
quality controle
Term
RACI
Definition
responsible,accountable,consult,and inform
Term
RAM
Definition
responsable assignment matrix
Term
RBS
Definition
risk breakdown structure
Term
RFI
Definition
requiest for information
Term
RFP
Definition
requiest for proposal
Term
RFQ
Definition
requiest for quotation
Term
SF
Definition
start-to-finish
Term
SOW
Definition
statment of work
Term
SPI
Definition
schedual performance index
Term
SS
Definition
start-to-start
Term
SV
Definition
schedual variance
Term
SWOT
Definition
strenths,weakness,opportunities, and threats
Term
T&M
Definition
time and material
Term
TQM
Definition
Total Quality Management
Term
WBS
Definition
work breakdown structure
Term
Acceptance Criteria
Definition
Those criteria, including performance requirements and essential conditions,which must be met before deliverables are accepted.
Term
Acquire Project Team
Definition
[Process] The process of confirming human resource avalability and obtaining the team necessary to complete project assignments
Term
Activity
Definition
A component of work performed during the course of a project.
Term
Activity Attributes
Definition
[Output/Input] Multiple attributes associated with each schedual activity that can be included within the activity list. Activity attributes include activity codes, predecessor activities, successor activitie, logical relationships,leads and lags, resource requirements, imposed dates, constraintes, and assumptions.  
Term
Activity Code
Definition
One or more numerical or test values that identify characteristics of the work or is some way categorise the schedule activity that allows filtering and ordering of activities within reports
Term
Activity Duration
Definition
The time in calander units between the start and finish of a schedule activity. See also duration.
Term
Activity Identifier
Definition
A short unique numeric or text identification assigned to each schedule activity to differentiate that project activity from other activities. Typically unique within anyone project schedual network diagram.  
Term
Activity List
Definition
[Output/Input] A document tabulation of schedule activities that shows the activity description, activity identifier, and a sufficient detailed scope of work description so project team memebers understand what work is to be performed.
Term
Actual Cost (AC)
Definition
Total costs actually incurred and recorded in accomplishing work performed during a given time period for a schedule activity or work breakdown structure component. Actual cost can sometimes be direct labor hours alone, direct costs alone, or all costs including indirect costs. Also referred to as the actual cost of work performed (ACWP). See also earned value managment and earned value technique   
Term
Actual Cost of Work Performed
Definition
Total costs actually incurred and recorded in accomplishing work performed during a given time period for a schedule activity or work breakdown structure component. Actual cost can sometimes be direct labor hours alone, direct costs alone, or all costs including indirect costs. Also referred to as the actual cost of work performed
Term
Actual Duration
Definition
The time in calander units between the actual start date of the schedule activity and either the data date of the project schedule activity is in progress or the actual finish date if the schedule activity is complete
Term
Administer Procurements
Definition
[Process] The process of managing procurment relationships, monitoring performance, and making changes and corrections as needed.
Term
Analogous Estimating
Definition
[Technique] An estimating technique that uses the values of parameters, such as scope, cost, budget, and duration or measures of scale such as size, weight, and complexity from a previos similar activity as the basis for estimating the same parameter or measure for a future activity.
Term
Application Area
Definition
A category of project that have common components significant in such projects, but are not needed or present in all projects. Application areas are usually defined in terms of either the product or the type of customer or industry sector. Application areas can overlap.    
Term
Approved Change Request
Definition
[Output/Input]. A change request that has been processed through the integrated change control process and approved.
Term
Assumptiactors
Definition
Assuptions are factors that, for planning purposes, are considered to be true, real, or certain without proof or demonstration
Term
Assumptions Analysis
Definition
[Technique] A technique that explores the accuracy of assumptions and identifies risks to the project from inaccuracy, inconsistency, or incompleteness of assumptions.
Term
Authority
Definition
The right to apply project resources, expend funds, make decisions, or give approvals.
Term
Backward Pass
Definition
The calculation of late finish dates and late start dates for the uncompleted portions of all schedule activities. Determined by working backwards through the schedule network logic from the projects end date.  
Term
Baseline
Definition
An approved plan for a project, plus or minus approved changes. It is compared to actual performance to determine if performance is within acceptable variance thresholds. Generally refers to the current baseline, but may refer to the origional or some other baseline. Usually used with a modifier( e.g schedual baseline, performance measurement baseline, technical baseline)  
Term
Bottom-up Estimating
Definition
[Technique] A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requierments of each of the lower, more detailed pieces of work, and these estimates are then aggregated into a total quantity for the component of work. The accuracy of bottom-up estimating is driven by the size and complexity of the work identified at the lower levels.    
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