Glossary Flashcards
An effective tool for root cause analysis in which the question “Why?” is asked of a
problem in succession until the root cause is found. Developed by Sakichi Toyoda.
5 Whys Method
A general guideline with many applications; in terms of controlling processes, it
contends that a relatively large number of problems or defects, typically 80%, are
commonly due to a relatively small number of causes, typically 20%.
80/20 Rule
A marketing approach used to determine user preferences by showing different sets of
users’ similar services—an ‘Alpha’ and a ‘Beta’ version—with one independent variable.
A/B Testing
A strategy for managing negative risks or opportunities that involves acknowledging risk
and not taking any action until the risk occurs.
Accept
A set of conditions that is required to be met before deliverables are accepted.
Acceptance Criteria
Deliverables that meet the acceptance criteria and have been formally signed off and
approved by the customer or sponsor as part of the scope validation process.
Accepted Deliverables
A distinct portion of work, scheduled with a beginning and an end, that must be
performed to complete work on the project. Also known as a schedule activity.
Activity
Multiple attributes associated with each activity that can be included within the activity
list.
Activity Attributes
Each task is assigned a budget, and the aggregate of these estimates results in the
project budget. Activity cost estimates include labor, materials, equipment, and fixed
cost items like contractors, services, facilities, financing costs, etc. This information can
be presented in a detailed or summarized form.
Activity Cost Estimates
A logical relationship that exists between two project activities. The relationship
indicates whether the start of an activity is contingent upon an event or input from
outside the activity.
Activity Dependency
The quantitative assessments of the likely number of time periods that are required to
complete an activity.
Activity Duration Estimates
A documented tabulation of schedule activities that shows the activity description,
activity identifier, and a sufficiently detailed scope-of-work description so project team
members understand what work is to be performed.
Activity List
A graphical diagram on which schedule activities are represented by nodes (rectangle
boxes) and their dependencies are depicted by arrows.
Activity on Arrow or Activity on Node
Material and human resources that are needed to complete an activity; often expressed
by a probability or range.
Activity Resource Estimates
The resources (physical, human, and organizational) required to complete the activities
in the activity list.
Activity Resource Requirements