Glossary Terms Flashcards
Acceptance Criteria
A set of conditions that is required to be met before deliverables are accepted
Accepted Deliverables
Products, results, or capabilities produced by a project and validated by the project customer or sponsors as meeting their specified acceptance criteria
Accuracy
Within the quality management system, accuracy is an assessment of correctness
Acquire Resources
The process of obtaining team members, facilities, equipment, materials, supplies, and other resources necessary to complete project work
Acquisition
Obtaining human and material resources necessary to perform project activities. Acquisition implies a cost of resources, and is not necessarily financial.
Activity
A distinct, scheduled portion of work performed during the course of a project
Activity Attributes
Multiple attributes associated with each schedule activity that can be included within the activity list. Activity attributes include activity codes, predecessor activities, successor activities, logical relationships, leads and lags, resource requirements, imposed dates, constraints, and assumptions.
Activity Duration
The time in calendar units between the start and finish of a schedule activity. See also duration.
Activity Duration Estimates
The quantitative assessment of the likely number of time periods that are required to complete an activity
Activity List
A documented tabulation of the 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-on-Node (AON)/Precedence Diagramming Method (PDM)
A technique used for constructing a schedule model in which activities represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed
Actual Cost (AC)
The realized cost incurred for the work performed on an activity during a specific time period
Actual Duration
The time in calendar units between the actual start date of the schedule activity and either the data date of the project schedule if the schedule activity is in progress or the actual finish date is the schedule activity is complete
Adaptive Life Cycle
A project life cycle that is iterative or incremental
Affinity Diagrams
A technique that allows large numbers of ideas to be classified into groups for review and analysis
Agreements
Any document or communication that defines the initial intentions of a project. This can take the form of a contract, memorandum of understanding (MOU), letters of agreement, verbal agreements, email, etc.
Alternative Analysis
A technique used to evaluate identified options in order to select the options or approaches to use to execute and perform the work of the project
Analogous Estimating
A technique for estimating the duration or cost of an activity or a project using historical data from similar a activity or project
Analytical Techniques
Various techniques used to evaluate, analyze, or forecast potential outcomes based on possible variations of project or environmental variables and their relationships with other variables
Assumption
A factor in the planning process that is considered to be true, real, or certain, without proof or demonstration
Assumption log
a project document used to record all assumptions and constraints throughout the project life cycle.
Attribute sampling
A method of measuring quality that consists of noting the presence (or absence) of some characteristic (attribute) in each of the units under consideration.
Authority
The right to apply project resources, expend funds, make decisions, or give approvals
Backward Pass
A critical path method technique for calculating the late start and late finish dates by working backward through the schedule model from the project end date
Bar Chart
A graphic display of schedule-related information. In the typical bar chart, schedule activities or work breakdown structure components are listed down the left side of the chart, dates are shown across the top, and activity duration are shown as date-placed horizontal bars. See also Gantt chart
Baseline
The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison to actual results
Basis of Estimates
Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels
Benchmarking
The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance
Benefits Management Plan
The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program
Bid Documents
All documents used to solicit information, quotations, or proposals from prospective sellers
Bidder Conference
The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences.
Bottom-up Estimating
A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the Work Breakdown Structure (WBS)
Budget
The approved estimate for the project or any work breakdown structure (WBS) component or any schedule activity
Budget at Completion (BAC)
The sum of all budgets established for the work to be performed
Buffer/ Reserve
A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier (e.g. management reserve, contingency reserve) to provide further detail on what types of risk are meant to be mitigated.
Business Case
A documented economic feasibility study used to establish validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities
Business Value
The net quantifiable benefit derived from a business endeavor. The benefit may be tangible, intangible, or both.
Cause and Effect Diagram/ Fishbone Diagram
A decomposition technique that helps trace an undesirable effect back to its root cause
Change
A modification to any formally controlled deliverable, project management plan component, or project document.
Change Control
A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, and approved or rejected.
Change Control Board (CCB)
A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions
Change Control System
A set of procedures that describes how modifications to the project deliverable and documentation are managed and controlled
Change Control Tools
Manual or automated tools to assist with change and/or configuration management. At a minimum, the tools should support the activities of the CCB.
Change Log
A comprehensive list of changes submitted during the project and their current status.
Change Management Plan
A component of the project management plan that establishes the change control board, documents the extent of its authority, and describes how the change control system will be implemented.
Change Request
A formal proposal to modify a document, deliverable, or baseline
Charter/Project Charter
A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Checklist Analysis
A technique for systematically reviewing materials using a list for accuracy and completeness
Check Sheet
A tally sheet that can be used as a checklist when gathering data.
Claim
A request, demand, or assertion of rights by a seller against a buyer, or vice versa, for consideration, compensation, or payment under the terms of a legally binding contract, such as for a disputed charge.
Claims Administration
The process of processing, adjudicating, and communicating contract claims
Close Project or Phase
The process of finalizing all activities for the project, phase, or contract
Closing Process Group
The process(es) performed to formally complete or close a project, phase, or contract.
Code of Accounts
A numbering system used to uniquely identify each component of the work breakdown structure (WBS)
Collect Requirements
The process of determining, documenting, and managing stakeholder needs ad requirements to meet project objectives
Colocation
An organizational placement strategy where the project team members are physically located close to one another in order to improve communications, working relationships, and productivity.
Communication Methods
A systematic procedure, technique, or process used to transfer information among project stakeholders.
Communication Models
A A description, analogy, or schematic used to represent how the communication process will be performed for the project.
Communication Requirements Analysis
An analytical technique to determine the information needs of the project stakeholders through interviews, workshops, study of lessons learned from previous projects, etc.
Communications Management Plan
A component of the project, program ,or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated.
Communication Styles Assessment
A technique to identify the preferred communication method, format, and content for stakeholders for planned communication activities.
Communication Technology
Specific tools, systems, computer programs, etc., used to transfer information among project stakeholders.
Conduct Procurement
The process of obtaining seller responses, selecting a seller, and awarding a contract.
Configuration Management Plan
A component of the project management plan that describes how to identify and account for project artifacts under configuration control, and hot to record and report changes to them.
Configuration Management System
a collection of procedures used to track project artifacts and monitor and control changes to these artifacts.
Conformance
Within the quality management system, conformance is a general concept of delivering results that fail within the limits that define acceptable variation for a quality requirement.
Constraint
A limiting factor that affects the execution of a project, program, portfolio, or process.
Context Diagrams
A visual depiction of the product scope showing a business system (process, equipment, computer system, etc.), and how people and other systems (actors) interact with it.
Contingency
An event or occurrence that could affect the execution of the project that may be accounted for with a reserve.
Contingency Reserve
Time or money allocated in the schedule or cost baseline for known risks with active response strategies.
Contingent Response Strategies
Response provided which may be used in the event that a specific trigger occurs.
Contract
A contract is a mutually binding agreement that obligates the seller to provide the specified product or service or result and obligates the buyer to pay for it.
Contract Change Control System
The system used to collect, track, adjudicate, and communicate changes to a contract.
Control
Comparing actual performance with planned performance, analyzing variance, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed.
Control Account
A management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement.
Control Chart
A graphic display of process data over time and against established control limited, which has a centerline that assists in detecting a trend of plotted values toward either control limit.
Control Costs
The process of monitoring the status of the project to update the project costs and manage changes to the cost baseline
Control Limits
The area composed of three standard deviations on either side of the centerline or mean of a normal distribution of data plotted on a control chart, which reflects the expected variation in the data. See also specification limits.
Control Procurement
The process of managing procurement relationships monitoring contract performance, making changes and corrections as appropriate, and closing out contracts.
Control Quality
The process of monitoring and recording results of executing the quality management activities to assess performance and ensure the project outputs are complete, correct, and meet customer expectations.
Control Resources
The process of ensuring that the physical resources assigned and allocated to the project are available as planned, as well as monitoring the planned versus actual utilization of resources and performing corrective action as necessary.
Control Schedule
The process of monitoring the status of the project to update the project schedule and manage changes to the schedule baseline.
Control Scope
The process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Corrective Action
An intentional activity that realigns the performance of the project work with the project management plan.
Cost Aggregation
Summing the lower-level cost estimates associated with the the various work packages to a given level within the project’s WBS or for a given cost control account.
Cost Baseline
The approved version of the time-phased project budge, excluding any management reserves, which can be changed only through the formal change control procedures and is used as a basis for comparison to actual results.
Cost-Benefit Analysis
A financial analysis tool used to determine the benefits provided by a project against its costs.
Cost Management Plan
A component of a project or program management plan that describes how costs will be planned, structure, and controlled.
Cost of Quality (CoQ)
All costs incurred over the life of the product by investment in preventing non-conformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements.
Cost Performance Index (CPI)
A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost.
Cost Plus Award Fee Contract (CPAF)
A category of contract that involves payments to the seller for all legitimate actual costs incurred for the complete work, plus an award fee representing seller profit.
Cost Plus Fixed Fee Contract (CPFF)
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller’s allowable costs (allowable costs are defined by the contract) plus a fixed amount of profit (fee).
Cost Plus Incentive Fee Contract (CPIF)
A type of cost-reimbursable contract where the buyer reimburses the seller’s allowable costs (allowable costs are defined by the contract), and the seller earns its profit if it meet defined performance criteria.
Cost-Reimbursable Contract
A type of contract involving payment to the seller for the seller’s actual costs, plus a fee typically representing the seller’s profit.
Cost Variance (CV)
The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost
Crashing
A technique used to shorten the schedule duration for the least incremental cost by adding resources.
Create WBS
The process of subdividing project deliverables and project work into smaller, more manageable components.
Criteria
Standards, rules, or tests on which judgement or decision can be based or by which a product, service, result, or process can be evaluated.
Critical Path
The sequence of activities that represents the longest path through a project, which determines the shortest possible duration.
Critical Path Activity
An activity on the critical path in a project schedule
Critical Path Method (CPM)
A method used to estimate the minimum project duration and determine the amount of schedule flexibility on the logical network paths within the schedule model.
Data
Discrete, unorganized, unprocessed measurements or raw observations.
Data Analysis Techniques
Techniques used to organize, assess, and evaluate data and information.
Data Date
A point in time when the status of the project is recorded.
Data Gathering Techniques
Techniques used to collect data and information from a variety of sources.
Data Representation Techniques
Graphic representations or other methods used to convey data and information.
Decision-Making Techniques
Techniques used to select a course of action from different alternatives.
Decision Tree Analysis
A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.
Decomposition
A technique used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts.
Defect
An imperfection or deficiency in a project component where that component does not meet its requirements or specifications and needs to be either repaired or replaced.
Defect Repair
An intentional activity to modify a non-conforming product or product component.
Define Activities
The process of identifying and documenting the specific actions to be performed to produce the project deliverables.
Define Scope
The process of developing a detailed description of the project and product.
Deliverable
A unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project.
Dependency/Logical Relationship
A dependency between two activities, or between an activity and a milestone
Determine Budget
The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Development Approach
The method used to create and evolve the product, service, or result during the project life cycle, such as predictive, iterative, incremental, agile, or a hybrid method.
Develop Project Charter
The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Develop Project Management Plan
The process of defining, preparing, and coordinating all plan components and consolidating them into an integrated project management plan.
Develop Schedule
The process of analyzing activity sequences, duration, resources requirements, and schedule constraints to create the project schedule model for project execution and monitoring and controlling.
Develop Team
The process of improving competences, team member interaction, and overall team environment to enhance project performance.
Diagramming Techniques
Approaches to presenting information with logical linkages that aid in understanding
Direct and Manage Project Work
The process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project’s objectives.
Discrete Effort
An activity that can be planned and measured and that yields a specific output. Note: Discrete effort is one of three earned value management (EVM) types of activities used to measure work performance).
Discretionary Dependency
A relationship that is established based on knowledge of best practices within particular application area or aspect of the project where a specific sequence is desired.
Documentation Reviews
The process to gathering a corpus of information and reviewing it to determine accuracy and completeness
Duration
The total number of work periods required to complete an activity or work breakdown structure (WBS) component, expressed in hours, days, or weeks. Contrast with effort.
Early Finish Date (EF)
In the critical path method, the earliest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the data date, and any schedule constraints.
Early State Date (ES)
In the critical path method, the earliest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic, the data date, and any schedule constraints.
Earned Value (EV)
The measure of work performed expressed in terms of the budget authorized for that work.
Earned Value Management
A methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
Effort
The number of labor units required to complete a schedule activity or work breakdown structure (WBS) component, often expressed in hours, days, or weeks. Contrast with duration.
Emotional Intelligence
The ability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people.
Enterprise Environmental Factors
Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio.
Estimate
A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations.
Estimate of Activity Durations
The process of estimating the number of work periods needed to complete individual activities with the estimated resources.
Estimate Activity Resources
The process of estimating team resources and the type and quantities of material, equipment, and supplies necessary to perform project work.
Estimate at Completion (EAC)
The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.
Estimate Costs
The process of developing an approximation of the monetary resources needed to complete project work.
Estimate to Compete (ETC)
The expected cost to finish all the remaining project work.
Execute
Directing, managing, performing, and accomplishing the project work; providing the deliverables; and providing work performance information.
Executing Process Group
Those processes performed to complete the work defined in the project management plan to satisfy the project requirements.
Expert Judgement
Judgement provided based upon expertise in an application area, knowledge area, discipline, industry, etc., as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education, knowledge, skill, experience, or training.
Explicit Knowledge
Knowledge that can be codified using symbols such as words, numbers, and pictures.
External Dependency
A relationship between project activities and non-project activities.
Fallback Plan
An alternative set of actions and tasks available in the event that the primary plan needs to be abandoned because of issues, risks, or other causes.
Fast Tracking
A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.
Fee
Represents profit as a component of compensation to a seller.
Finish Date
A point in time associated with a schedule activity’s completion. Usually qualified y one of the following: actual, planned, estimated, scheduled early, late, baseline, target, or current.
Finish-to-Finish (FF)
A logical relationship in which a successor activity cannot finish until a predecessor activity has fished.
Finish-to-Start (FS)
A logical relationship in which a successor activity cannot start until a predecessor activity has finished.
Firm Fixed Price Contract (FFP)
A type of fixed-price contract where the buyer pays the seller a set amount (as defined by the contract), regardless of the seller’s costs.
Fixed-Price Contract
An agreement that sets the fee that will be paid for a defined scope of work regardless of the cost or effort to deliver it.
Fixed Price Incentive Fee Contract (FPIF)
A type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets defined performance criteria.
Fixed Price with Economic Price Adjustment Contract (FPEPA)
A fixed-price contract, but with a special provision allowing for predefined final adjustment to the contract price due to changed conditions, such as inflation changes, or cost increases (or decreases) for specific commodities.
Float/Slack/Free Float/ Total Float
The amount of time that a schedule activity can be delayed without delaying the early start dates of any successor or violating a schedule constraint.
Flowchart
The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system.
Focus Groups
An elicitation technique that brings together pre-qualified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product, service, or result.
Forecast
An estimate or prediction of conditions and events in the project’s future based on information and knowledge available at the time of the forecast.
Forward Pass
A critical path method technique for calculating the early start and early finish dates by working forward through the schedule model from the project start date or a given point in time.
Functional Organization
An organizational structure in which staff is grouped by areas of specialization and the project manager has limited authority to assign work and apply resources.
Funding Limit Reconciliation
The process of comparing the planned expenditure of project funds against any limits on the commitment of funds for the project to identify any variances between the funding limits and the planned expenditures.
Gantt Chart
A bar chart of schedule information where activities are listed on the vertical axis, dates are shown on the horizontal axis, and activity duration are shown as horizontal bars placed according to start and finish dates.
Grade
A category or rank used to distinguish items that have the same functional use but do not share the same requirements for quality.
Ground Rules
Expectations regarding acceptable behavior by project team members.
Histogram
A bar chart that shows the graphical representation of numerical data.
Historical Information
Documents and data on prior projects including project files, records, correspondence, closed contracts, and closed projects.
Identify Risks
The process of identifying individual risks as well as sources of overall risk and documenting their characteristics.
Identify Stakeholders
The process of identifying project stakeholders regularly and analyzing the documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success.
Implement Risk Response
The process of implementing agreed-upon risk response plans.
Imposed Date
A fixed date imposed on a schedule activity or schedule milestone, usually in the form of a “start no earlier than” and “finish no later than” date.
Incentive Fee
A set of financial incentives related to cost, schedule, or technical performance of the seller.
Incremental Life Cycle
An adaptive project life cycle in which the deliverable is produced through a series of iterations that successively add functionality within a predetermined time frame. The deliverable contains the necessary and sufficient capability to be considered complete only after the final iteration.
Independent Estimates
A process of using a third party to obtain and analyze information to support prediction of cost, schedule, or other items.
Influence Diagram
A graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes.
Information
Organized or structured data, processed for a specific purpose to make it meaningful, valuable, and useful in specific contexts.
Information Management Systems
Facilities, processes, and procedures used to collect, store, and distribute information between producers and consumers of information in physical or electronic format.
Initiating Process Group
Those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
Input
Any item, whether internal or external to the project, which is required by a process before that process proceeds. may be an output from a predecessor process.
Inspection
Examination of a work product to determine whether it conforms to documented standards.
Interpersonal and Team Skills
Skills used to effectively lead and interact with team members and other stakeholders.
Interpersonal Skills
Skills used to establish and maintain relationships with other people.