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Job Start > Acronyms > Flashcards

Acronyms Flashcards

1
Q

MPMO

A

Master Project Management Office

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2
Q

PMBox

A

AIB’s Programme and Project Change Methodology repository, includes job aids, templates and process overviews.

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3
Q

CCD

A

“Concept Capture Document” this is an online form which requests funding for a project (business case)

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4
Q

AUC

A

“Assets under Construction” –If a project has capital costs, they are creating an asset.

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5
Q

SOW

A

“Statement of Work”legal agreement between a third party and AIB for services.

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6
Q

SMT

A

“Senior Management Team”typically used for business governance fora e.g., Retail SMT

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7
Q

PGM or PRJ

A

PGM = Programme ( it refers to L1/ L2 of Hierarchy) PRJ = Project (L3/L4 of hierarchy) the I-number can only be connected to theL3.

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8
Q

Cost Centre, iNumber or pNumber

A

Funding centres for PRJs, the investment plan will align with an iNumber, all property spend is against pNumbers and business spend outside the investment plan will be funded from a Cost Centre. A PRJ can only be aligned to one.

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9
Q

ECP

A

Enterprise Change Programmes, now more commonly known as Change Operations.

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10
Q

PID

A

Project Initiation Document, AIB templates can be found on the PMBox

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11
Q

DRC

A

Day rate contractor, AIB utilise Hays for the majority of these resources

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12
Q

3SS

A

The Hays system utilised for managing DRCs and their timesheets.

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13
Q

PPM

A

AIBs programme and project management tool –formally known as Clarity.

AIB has invested heavily in end to end customisation of the Clarity tool to align with and support AIB Change and financial management processes.

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14
Q

QLIK or QLIKVIEW

A

Data visualisation tool used by AIB for executive reporting and financial analysis, very useful for large programme level or portfolio level views. Contains the standard outputs required for Steering papers.

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15
Q

COUPA

A

AIB’s invoice management and payments system, all 3rdParty invoicing is processed through COUPA, this activity is supported by a PMO function

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16
Q

SAP

A

AIB use SAP for their finance operations, all iNumbers, pNumbers and Cost Centres will be linked to records on SAP and managed with payments flowing from processed POs on COUPA and other spend sources. Monthly actuals are posted from SAP to PPM.

17
Q

FTE

A

Full time equivalent, this is the unit of measure for AIB resourcing, in PPM they operate on % of FTE so forecasting part time resources is recorded as 50% etc…

18
Q

RATE MATRIX

A

AIB maintain a comprehensive “rate matrix” within PPM this allows PMs to select the role they need or the resource and the associated rate will be automatically assigned and used in cost plan calculations.

19
Q

SPEND CERTAINTY

A

AIB have a reporting tool built in Qlikview which categorises spend in certainty levels –High (named resources), Medium (Role Based), Low (Itemised costs that are not broken down with any level of granularity). Non-resource costs aren’t categorised.

20
Q

Stage Gates

A

AIB operate 4 stage gates (0,1,2,3) these align to their main delivery stages (Pre-Initiation, Initiation & Design, Execute & Control and Closure). CCDs are expected to transition between stage gates and this is recorded in PPM and managed via VMC.

21
Q

Main delivery stages and how many

A

4 all together - (1) Pre-Initiation, (2) Initiation & Design, (3) Execute & Control and (4) Closure

22
Q

Committed costs

A

Accrued spend, manually calculated each month based on known/expected spend that either has or hasn’t landed from SAP. Certain accrued funding is managed centrally e.g. Hays resources –AIB will provide detailed training on this process.

23
Q

Itemised costs

A

Forecast spend that is either unable to be broken down to resource x rate, or is still a high level estimate

24
Q

Outturn

A

The total actuals YTD, with the logged committed spend and remaining forecast, this is a key metric reported and tracked monthly

25
Q

ExCo

A

Executive Committee

26
Q

ARCP

A

Arrears Restructuring Priority Committee (ARPC)

27
Q

GDC

A

Group Disclosure Committee (GDC)

28
Q

GC

A

Group Conduct Committee (CC)

29
Q

ALCO

A

Group Assets & Liability Managementt Committee(ALCO)

30
Q

GCC

A

Group Credit Committee (GCC)

31
Q

MAC

A

Market Announcements Committee (MAC)

32
Q

GRC

A

Group Risk Committee

33
Q

DAC

A

Data and Analytics Committee

34
Q

GDC

A

Group Disclosures Committee

35
Q

GSC

A

Group Sustainability Committee

36
Q

GC

A

Group Change Committee

37
Q

TPM

A

Third Party Management Committee

38
Q

VMC

A

Value Management Committee

Job Start (5 decks)

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