PMP Acronyms

Question 1

OPA

Answer 1

Organizational process assets (PM instruments, e.g. forms, software, historical info)

Question 2

MacD

Answer 2

Project is TEMPORARY and drives changes: moving, adding, changing, deleting

Question 3

SWAG

Answer 3

Standard Written Agreement

Question 4

IPECC

Answer 4

Initiating, Planning, Executing, Control (Monitoring), Closure - Project Management Life Cycle

Question 5

OPM (OPM3)

Answer 5

Organizational Project Management (Maturity Model) - controls portfolio/program/project management process

Question 6

LOB

Answer 6

Line of Balance - (LOB) technique is a tool that presents actual progress versus planned progress of projects that manufacture or construct repetitive projects.

Question 7

EEF

Answer 7

Enterprise Environmental Factors - things that restrict to what you allowed to do

Question 8

Nail down (translate)

Answer 8

Закрепить

Question 9

Phase Gate (define meaning)

Answer 9

Review of what’s been done on the project during the previous phase BEFORE you’d be able to start the next phase (OR kill the project)

Question 10

Program (define meaning)

Answer 10

A program is a collection of related projects managed and coordinated to gain a higher level of control

Question 11

Capital Losses

Answer 11

capital losses describe the money that is lost, never to be recouped (не окупятся)

Question 12

Sunk costs

Answer 12

Невозвратные издержки
Sunk costs describe the funds already “sunk” into a project – and they should not be considered when determining if the project should move forward or not.

Question 13

Management reserve

Answer 13

management reserve is an amount of time and money reserved for projects running late or over budget

Question 14

Parametric modeling

Answer 14

model to estimate costs, such as cost per ton or cost per hour.

Question 15

Diminish risk (translate)

Answer 15

уменьшать риск

Question 16

Nimble (translate)

Answer 16

гибкий, лёгкий на подъем

Question 17

Redundant (translate) project resources

Answer 17

дублирующиеся ресурсы

Question 18

stockpile (translate) resources

Answer 18

резерв ресурсов

Question 19

ramification (translate)

Ex.: as this project may have huge ramifications on the reputation of the organization.

Answer 19

последствия

Question 20

Being technically astute (adj.)

Answer 20

быть технически проницательным, сообразительным

Question 21

steering committee

Answer 21

руководящий комитет

Question 22

liaison (n.)

Answer 22

connection, relations - связь

Question 23

vigilance ON primary project constraints

Answer 23

бдительность

Question 24

bottom line

Answer 24

суть дела, итог, годовой отчет

Question 25

facets of influence

Answer 25

аспекты влияния

Question 26

quit sucking up to me

Answer 26

перестань ко мне подлизываться

Question 27

i’ve really covered FOR you

Answer 27

я тебя прикрыл

Question 28

Discern the cause and the effect of the problem

Answer 28

Recognize, identify, differentiate…
Active problem solving begins with problem definition. Problem definition is the ability to discern between the cause and effect of the problem.

Question 29

ITTOs

Answer 29

Input-Tools-Techniques-Output

Question 30

CBR

Answer 30

Cost Benefit Ration

Question 31

cash outlay

Answer 31

денежные затраты

Question 32

NPV

Answer 32

Net Present Value

Question 33

subtract the investment

Answer 33

вычесть инвестиции

Question 34

IRR

Answer 34

internal rate of return

Question 35

PMIS

Answer 35

Project Management Information System (Jira, Portfolio, MS Project)

Question 36

Scope Creep

Answer 36

Scope creep refers to uncontrolled changes in scope. This can be because of interference from the customer or a misunderstanding by the project management team.

Question 37

Gold Plating

Answer 37

Gold plating refers to adding the extra features that were not part of the product scope.

Question 38

causal analysis

Answer 38

причинно-следственный анализ

Question 39

Variance analysis

Answer 39

what was planned VS what was experienced