Definitions "A" Flashcards
Acceptance
A risk response that chooses to accept the rick within the project without creating a strategy to counteract the risk event. Acceptance is often used with small risks.
Action Items
Actions or assignments that team members are to complete, usually determined in a project meeting.
Activity-on-the-Arrow Project Network Diagram
Origin of the arrow is the “begin activity” sign, and the end of the arrow is the “end activity” sign.
Activity-on-the-Node Project Network Diagram
A project network diagramming method that allows the project manager to map relationships between activities. With the activity-on-the-node (AON) method, the focus is on the project activities rather than on the start and end of activities. AON illustrates the sequencing of activities from the start of the project through the end of the project.
Actual Cost (AC)
Used in earned value management (EVM) and represents the actual cost of the work performed.
Ad Hoc Reporting
Impromptu reports on schedule, cost scope, or other key performance indicators (KPI’s) as requested by stakeholders with enough authority to cause the project manager to create the report.
Add/Move/Change Projects
Generally smaller projects that, as the name implies, add, move, or change some element within an organization. Approximately 10% of the project time is allotted to planning.
Adjourning
Finality of project calls for the team to disperse, or adjourn, to other projects and join different project teams. The project team, like the project, is not a permanent fixture in the organization.
Administrative Closure
When the customer or project sponsor documents and accepts the project results; also needed if a project is terminated.
Agile Project Management
A change-driven approach to project management, where the project team moves through iterations, or sprints, of planning and executing. Requirements are prioritized for each iteration with the project manager, sometimes called the scrum master, and the product owner.
Analogous Estimating
A form of expert judgment that relies non historical information to predict estimates for current projects. Also know as top-down estimating.
Architect
A role that creates the high-level plan or solution of the project scope. Architects generally create the software, network, database, or communication structure of the project scope solution.
As Late As Possible (ALAP)
When you specify a task as ALAP, Microsoft Project will schedule the task to occur as late as possible without delaying dependent task. This is the default for all new tasks when scheduling tasks from the end date. This constraint is flexible.
As Soon As Possible (ASAP)
When you specify a task as ASAP, Microsoft Project will schedule the task to occur as soon as it can. This is the default for all new tasks when assigning task from the start date. This constraint is flexible.
Assumptions
Beliefs considered to be true, real, or certain for the sake of planning. All project assumptions should be evaluated later in planning to determine their risk for the project should the assumptions prove untrue.
