PMBoK Vocabulary Flashcards
acceptance criteria
A set of conditions that are met before deliverables are accepted.
activity list
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.
actual cost (AC)
The realized cost incurred for the work performed on an activity during a specific time period.
adaptive approach
A development approach in which the requirements are subject to a high level of uncertainty and volatility and are likely to change throughout the project.
affinity diagram
A diagram that shows large numbers of ideas classified into groups for review and analysis.
agile
A term used to describe a mindset of values and principles as set forth in the Manifesto for Agile Software Development.
alternative analysis
A method used to evaluate identified options in order to select the options or approaches to use when performing the work of the project.
analogous estimating
A technique for estimating the duration, cost, or required resources for an activity or project using historical data from a similar activity or project. See also bottom-up estimating, parametric estimating, program evaluation and review technique (PERT), and multipoint estimating.
artifacts
Documents and other items created during a portfolio, program, or project to help manage it and provide information to the project team, stakeholders, and management.
assumption
A factor in the planning process considered to be true, real, or certain, without proof or demonstration.
Assumption and Constraint Analysis
An assessment that ensures assumptions and constraints are integrated into the project plans and documents, and that there is consistency among them.
assumption log
A project document used to record all assumptions and constraints throughout the project.
Authority
The right to apply project resources, expend funds, make decisions, or give approvals
backlog
An ordered list of work to be done, often written as user stories, and prioritized by the business to manage and organize an adaptive or agile project’s work.
backlog refinement
Progressive elaboration of the content in the backlog and (re)prioritization of it to identify the work that can be accomplished in an upcoming iteration.
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.
baseline
The approved version of a work product that can be changed using formal change control procedures and is used as the 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 program or project.
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.
AKA: contractor conferences, vendor conferences, or pre-bid conferences.
Blocker
An obstacle that prevents the team from achieving its objectives.
AKA: impediment
budget
The approved estimate for the portfolio, program, or project, or any work breakdown structure component or schedule activity.
budget at completion (BAC)
The sum of all budgets established for the work to be performed.
burndown chart
A graphical representation of the work remaining versus the time left in a timebox.
burnup chart
A graphical representation of the work completed toward a milestone.
business case
A documented economic feasibility study used to establish validity of the benefits to be delivered by a portfolio component, program, or project.
Business Model Canvas
A one-page, visual summary that describes the value proposition, infrastructure, customers, and finances. Often used in Lean Startup situations.
business value
The net quantifiable benefit derived from a business endeavor that may be tangible, intangible, or both.
Cadence
A rhythm of activities conducted throughout the project.
cause-and-effect diagram
A visual representation that helps trace an effect back to its root cause. A cause-and-effect diagram may also be known as a fishbone or Ishikawa diagram.
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, 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 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 control system
A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.
Change Log
A comprehensive list of changes submitted during the project and their current status
change request.
A formal proposal to modify a document, deliverable, or baseline.
Check Process Group
The process(es) performed to formally complete or close a project, phase, or contract
Check Sheet
A tally sheet that can be used as a checklist when gathering data
communications management plan
A component of the portfolio, program, or project management plan that describes how, when, and by whom information will be administered and disseminated.
complexity
A characteristic of a program or project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity.
Confirmation bias
A type of congitive bias that confirms preexisting beliefs or hypotheses
Conformance
The degree to which the results meet the set quality requirements
constraint
A limiting factor that affects the execution of a portfolio, program, project, or process.
contingency
An event or occurrence that could affect the execution of the project, which may be accounted for with a reserve.
contingency plan
A document that describes actions to take if predetermined trigger conditions occur.
contingency reserve
Time or money allocated in the schedule or cost baseline for known risks with active response strategies.
continuous delivery
The practice of delivering feature increments immediately to customers, often through the use of small batches of work and automation technology.
Contract
A mutually binding agreement that obligates the seller to provide the specified product, service, or result and obligates the buyer to pay for it.
Control
The process of comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed.
Control chart
A graphic display of process data over time and against established control limits, which has a centerline that assists in detecting a trend of plotted values toward either control limit.
cost baseline
The approved version of the time-phased project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis for comparison to actual results.
cost management plan
A component of a program or project management plan that describes how costs will be planned, structured, and controlled.
cost of quality (COQ)
All costs incurred over the life of the product by investment in preventing nonconformance 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 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.
cost-benefit analysis
A financial analysis method used to determine the benefits provided by a project against its costs.
cost-plus-award-fee contract
A category of contract that involves payments to the seller for all legitimate actual costs incurred for completed work, plus an award fee representing seller profit.
cost-plus-fixed-fee contract
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
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), and the seller earns its profit if it meets 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.
crashing
A schedule compression technique used to shorten the schedule duration for the least incremental cost by adding resources.
Criteria
Standards, rules, or tests on which a 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 method.
A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model.
Cumulative Flow Diagram
A chart indicating features completed over time, features in other states of development, and those in backlog
cycle time
The total elapsed time from the start of a particular activity or work item to its completion.
Cycle Time Chart
A diagram that shows the average cycle time of the work items completed over time
daily coordination meeting (or daily standup)
A brief, daily collaboration meeting in which the team reviews progress from the previous day, declares intentions for the current day, and highlights any obstacles encountered or anticipated.
dashboard
A set of charts and graphs showing progress or performance against important measures of the project.
Data Gathering and Analysis Methods
Methods used to collect, assess, and evaluate data and information to gain a deeper understanding of a situation
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.
definition of done (DoD)
A checklist of all the criteria required to be met so that a deliverable can be considered ready for customer use.
definition of ready (DoR)
A team’s checklist for a user-centric requirement that has all the information the team needs to be able to begin working on it.
deliverable
Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project.
Delivery Performance Domain
The performance domain that addresses activities and functions associated with delivering the scope and quality that the project was undertaken to achieve
development approach
A method used to create and evolve the product, service, or result during the project life cycle such as an adaptive, predictive, or hybrid method.
Development Approach and Life Cycle Performance Domain
The performance domain that addresses activities and functions associated with the development approach, cadence, and life cycle phases of the project.
DevOps
A collection of practices for creating a smooth flow of delivery by improving collaboration between development and operations staff.
Digital Product
A product or service that is delivered, used, and stored in an electronic format
Discretionary Dependency
A relationship that is based on best practices or project preferences
duration
The total number of work periods required to complete an activity or work breakdown structure component, expressed in hours, days, or weeks.
early finish date
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 start date
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 Analysis (EVA)
An analysis method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project.
earned value management (EVM)
A methodology that combines scope, schedule, cost, 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 component, often expressed in hours, days, or weeks.
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 (EEFs)
Conditions, not under the immediate control of the team, that influence, constrain, or direct the portfolio, program, or project.
enterprise risk management
An approach to managing risk that reflects the organization’s culture, capability, and strategy to create and sustain value.
epic
A large, related body of work intended to hierarchically organize a set of requirements and deliver specific business outcomes.
Estimate
A quantitative assessment of the likely amount or outcome of a variable such as project costs, resources, effort, or durations
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 to complete (ETC)
The expected cost to finish all the remaining project work.
Estimating Methods
Methods used to develop an approximation of work, time, or cost on a project
Executing Process Group
Those processes performed to complete the work defined in the project management plan to satisfy the project requirements
expected monetary value (EMV)
The estimated value of an outcome expressed in monetary terms.
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
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.
feasibility analysis
A study that produces a potential recommendation to address business needs. It examines feasibility using one or more of the following variables: operational, technology/system, cost-effectiveness, and timeliness of the potential solution
feature
A set of related requirements or functionalities that provides value to an organization.
finish-to-finish
A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.
finish-to-start
A logical relationship in which a successor activity cannot start until a predecessor activity has finished.
firm-fixed-price contract
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 Duration
A type of activity where the length of time required to complete the activity remains constant regardless of the number of people or resources assigned to the activity
fixed duration
A type of activity where the length of time required to complete the activity remains constant regardless of the number of people or resources assigned to the activity.
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
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
A fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions such as inflation changes or cost increases (or decreases) for specific commodities.
Flow
The measure of how efficiently work moves through a given process or framework
Flowchart
The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system.
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.
free float
The amount of time that a schedule activity can be delayed without delaying the early start date of any successor or violating a schedule constraint.
Function Point
An estimate of the amount of business functionality in an information system, used to calculate the functional size measurement of a software system
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 durations are shown as horizontal bars placed according to start and finish dates.
governance
The framework for directing and enabling an organization through its established policies, practices, and other relevant documentation.
Grade
A category or rank used to distinguish items that have the same functional use but do not share the same requirements for quality
Hierarchy chart
A chart that begins with high-level information that is progressively decomposed into lower levels of detail
Histogram
A bar chart that shows the graphical representation of numerical data
hybrid approach
A combination of elements from both adaptive and predictive approaches that is useful when there is uncertainty or risk around the requirements.
impact
A measure of the effect of a risk on one or more objectives if it occurs.
Impact Mapping
A strategic planning method that serves as a visual roadmap for the organization during product development
incremental approach
An adaptive development approach in which the deliverable is produced successively, adding functionality until the deliverable contains the necessary and sufficient capability to be considered complete.
Indefinite Delivery Indefinite Quantity (IDIQ)
A contract that provides for an indefinite quantity of goods or services, with a stated lower and upper limit, within a fixed period of time
Influence Diagram
A graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes.
information radiator
A visible, physical display that provides information to the rest of the organization, enabling timely knowledge sharing.
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
Interation planning
A meeting to clarify the details of the backlog items, acceptance criteria, and work effort required to meet an upcoming iteration committment
Internal Dependency
A relationship between two or more project activities
Interpersonal Skills
Skills used to establish and maintain relationships with other people
issue
A current condition or situation that may have an impact on one or more objectives.
issue log
A project document where information about issues is recorded and monitored.
iteration
A short cycle of development during which a product or deliverable is released or further matured.
iteration plan
A detailed plan for the current iteration.
iteration review
A meeting held at the end of an iteration to demonstrate the work that was accomplished during the iteration.
iterative approach
A development approach that focuses on an initial, simplified implementation then progressively elaborates, adding to the feature set until the final deliverable is complete.
kanban board
A visualization tool that shows work in progress to help identify bottlenecks and overcommitments, thereby allowing the team to optimize the workflow.
key performance indicator (KPI)
Metric defined by an organization’s leadership that is used to evaluate an organization’s progress toward meeting the targets or end states identified in their objectives or goals, helping to achieve strategic alignment.
kickoff meeting
A gathering of team members and other key stakeholders at the beginning of a project to formally set expectations, gain a common understanding, and commence work.
lag
The amount of time whereby a successor activity will be delayed with respect to a predecessor activity.
Last Responsible Moment
The concept of deferring a decision to allow the team to consider multiple options until the cost of further delay would exceed the benefit
late finish date
In the critical path method, the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the project completion date, and any schedule constraints.