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Management dictionary > Project Management Terms > Flashcards

Project Management Terms Flashcards

1
Q

What does it mean?

The process by which deliverables produced by the project are reviewed and accepted by the customer as meeting their specific requirements

in Project Management Knowledge Area

A

Acceptance Management

Project Management Guidge 2018

Method 123

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2
Q

What does it mean?

The process of identifying the milestones, criteria and standards for the acceptance of project deliverables by the customer

in Project Management Knowledge Area

A

Acceptance Planning

Project Management Guidge 2018

Method 123

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3
Q

What does it mean?

A document outlining the justification for the initiation of a project. It includes a description of the business problem (or opportunity), a list of the available solution options, their associated costs and benefits and a preferred option for approval

in Project Management Knowledge Area

A

Business Case

Project Management Guidge 2018

Method 123

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4
Q

What does it mean?

The process by which changes to the project scope, deliverables, timescales or resources are formally defined, evaluated and approved prior to implementation

in Project Management Knowledge Area

A

Change Management

Project Management Guidge 2018

Method 123

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5
Q

What does it mean?

The process by which formal communications messages are identified, created, reviewed and communicated within a project

in Project Management Knowledge Area

A

Communications Management

Project Management Guidge 2018

Method 123

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6
Q

What does it mean?

The process of identifying the type and regularity of information to be provided to all project stakeholders to keep them informed of the progress of the project

in Project Management Knowledge Area

A

Communications Planning

Project Management Guidge 2018

Method 123

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7
Q

What does it mean?

The process by which costs (or expenses) incurred on the project are formally identified, approved and paid

in Project Management Knowledge Area

A

Cost Management

Project Management Guidge 2018

Method 123

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8
Q

What does it mean?

A quantifiable outcome of the project which results in the partial (or full) achievement of the project objectives

in Project Management Knowledge Area

A

Deliverable

Project Management Guidge 2018

Method 123

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9
Q

What does it mean?

A logical relationship between two or more project activities. The four types of dependencies include: start-to-finish, start-to-start, finish-tostart, finish-to-finish

in Project Management Knowledge Area

A

Dependency

Project Management Guidge 2018

Method 123

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10
Q

What does it mean?

A document which identifies each of the solution options to a particular business problem (or opportunity) and assesses the likelihood of each option’s achieving the desired result

in Project Management Knowledge Area

A

Feasibility Study

Project Management Guidge 2018

Method 123

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11
Q

What does it mean?

The process of identifying the financial resources required to undertake the project. This includes a list of the types of costs to be incurred on the project (e.g. labor, equipment, materials and administration costs) and a schedule outlining when the respective costs are likely to be incurred

in Project Management Knowledge Area

A

Financial Planning

Project Management Guidge 2018

Method 123

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12
Q

What does it mean?

The process by which issues are formally identified, communicated, monitored and resolved

in Project Management Knowledge Area

A

Issue Management

Project Management Guidge 2018

Method 123

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13
Q

What does it mean?

Events which are currently affecting the ability of the project to produce the required deliverables

in Project Management Knowledge Area

A

Issue

Project Management Guidge 2018

Method 123

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14
Q

What does it mean?

A document which describes a particular role and its responsibilities within a project

in Project Management Knowledge Area

A

Job Description

Project Management Guidge 2018

Method 123

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15
Q

What does it mean?

The recognition of an important event within the project, usually the achievement of a key project deliverable

in Project Management Knowledge Area

A

Milestone

Project Management Guidge 2018

Method 123

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16
Q

What does it mean?

The process by which product is actually sourced from a preferred supplier, including the on-going management of the supplier relationship

in Project Management Knowledge Area

A

Procurement Management

Project Management Guidge 2018

Method 123

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17
Q

What does it mean?

The process of identifying the products to be sourced externally and the methods for acquiring them

in Project Management Knowledge Area

A

Procurement Planning

Project Management Guidge 2018

Method 123

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18
Q

What does it mean?

A good or service which is acquired from an external supplier to assist with the production of a project deliverable

in Project Management Knowledge Area

A

Product

Project Management Guidge 2018

Method 123

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19
Q

What does it mean?

A unique endeavor to produce a set of deliverables within clearly specified time, cost and quality constraints

in Project Management Knowledge Area

A

Project

Project Management Guidge 2018

Method 123

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20
Q

What does it mean?

A set of project tasks which usually results in the partial (or full) completion of a project deliverable

in Project Management Knowledge Area

A

Project Activity

Project Management Guidge 2018

Method 123

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21
Q

What does it mean?

A series of project phases which are undertaken in either sequential or parallel order

in Project Management Knowledge Area

A

Project Lifecycle

Project Management Guidge 2018

Method 123

22
Q

What does it mean?

The skills, tools and management processes required to successfully undertake a project

in Project Management Knowledge Area

A

Project Management

Project Management Guidge 2018

Method 123

23
Q

What does it mean?

The physical premises within which Project Administration staff (e.g. the Project Manager and support staff) reside

in Project Management Knowledge Area

A

Project Office

Project Management Guidge 2018

Method 123

24
Q

What does it mean?

A set of project activities and tasks which usually result in the completion of a project deliverable

in Project Management Knowledge Area

A

Project Phase

Project Management Guidge 2018

Method 123

25
Q

What does it mean?

A document which lists the phases, activities, tasks, timeframes and resources required to complete the project

in Project Management Knowledge Area

A

Project Plan

Project Management Guidge 2018

Method 123

26
Q

What does it mean?

A series of planned dates within which activities and tasks have to be completed to achieve project milestones

in Project Management Knowledge Area

A

Project Schedule

Project Management Guidge 2018

Method 123

27
Q

What does it mean?

A specific work item to be undertaken which usually results in the partial completion of a project deliverable

in Project Management Knowledge Area

A

Project Task

Project Management Guidge 2018

Method 123

28
Q

What does it mean?

A collation of people who report to the Project Manager

in Project Management Knowledge Area

A

Project Team

Project Management Guidge 2018

Method 123

29
Q

What does it mean?

The level of conformance of the final deliverable(s) to the customer’s requirements

in Project Management Knowledge Area

A

Quality

Project Management Guidge 2018

Method 123

30
Q

What does it mean?

The preventative steps taken to eliminate any variances in the quality of the deliverable produced from the quality targets set

in Project Management Knowledge Area

A

Quality Assurance

Project Management Guidge 2018

Method 123

31
Q

What does it mean?

The curative steps taken to eliminate any variances in the quality of the deliverable produced from the quality targets set

in Project Management Knowledge Area

A

Quality Control

Project Management Guidge 2018

Method 123

32
Q

What does it mean?

The process by which the quality of the deliverables and management processes is assured and controlled for the project, using Quality Assurance and Quality Control techniques

in Project Management Knowledge Area

A

Quality Management

Project Management Guidge 2018

Method 123

33
Q

What does it mean?

The process of identifying the approach taken to ensure the quality of the deliverables produced by the project and of the management processes undertaken. This includes a list of the quality criteria and standards to be achieved as well as the Quality Assurance and Quality Control techniques to be undertaken

in Project Management Knowledge Area

A

Quality Planning

Project Management Guidge 2018

Method 123

34
Q

What does it mean?

A document which is issued by a project to a wide group of potential suppliers to enable those suppliers to provide summarized information outlining how they will meet the procurement requirements of the project

in Project Management Knowledge Area

A

Request for Information

Project Management Guidge 2018

Method 123

35
Q

What does it mean?

A document which is issued by a project to a shortlisted group of suppliers to enable the suppliers to submit a detailed proposal outlining how they will meet the procurement requirements of the project

in Project Management Knowledge Area

A

Request for Proposal

Project Management Guidge 2018

Method 123

36
Q

What does it mean?

The labor, equipment and materials used to complete the activities in the Project

in Project Management Knowledge Area

A

Resource

Project Management Guidge 2018

Method 123

37
Q

What does it mean?

The process of identifying the resources required to complete the project. This includes a list of the types of resources required and a schedule providing the use of and activities undertaken by each resource

in Project Management Knowledge Area

A

Resource Planning

Project Management Guidge 2018

Method 123

38
Q

What does it mean?

Any event which is likely to adversely affect the ability of the project to achieve the defined objectives

in Project Management Knowledge Area

A

Risk

Project Management Guidge 2018

Method 123

39
Q

What does it mean?

The process by which risks to the project (e.g. to the scope, deliverables, timescales or resources) are formally identified, quantified and managed during the project. The process entails completing a number of actions to reduce the likelihood of occurrence and the severity of impact of each risk

in Project Management Knowledge Area

A

Risk Management

Project Management Guidge 2018

Method 123

40
Q

What does it mean?

A set of actions to be taken to avoid, transfer or mitigate a risk, based on its priority. This includes the preventative actions to be taken during the project to reduce the likelihood of the risk’s occurring as well as the contingent actions to be taken to reduce the impact on the project should the risk eventuate

in Project Management Knowledge Area

A

Risk Mitigation

Project Management Guidge 2018

Method 123

41
Q

What does it mean?

The formulation of a document which outlines the foreseeable project risks and provides a set of actions to be taken to both prevent the risk from occurring and reduce the impact of the risk should it eventuate

in Project Management Knowledge Area

A

Risk Planning

Project Management Guidge 2018

Method 123

42
Q

What does it mean?

The total aggregation of deliverables to be produced by the project

in Project Management Knowledge Area

A

Scope

Project Management Guidge 2018

Method 123

43
Q

What does it mean?

A set of deliverables which, once combined, solve a particular business problem (or realize a particular business opportunity)

in Project Management Knowledge Area

A

Solution

Project Management Guidge 2018

Method 123

44
Q

What does it mean?

A checkpoint at the end of each project phase to ensure that the project has achieved its stated objectives and deliverables as planned

in Project Management Knowledge Area

A

Stage-Gate

Project Management Guidge 2018

Method 123

45
Q

What does it mean?

A document which defines the procurement requirements of the project in sufficient detail to enable potential suppliers to determine if they are able to meet those requirements

in Project Management Knowledge Area

A

Statement of Work

Project Management Guidge 2018

Method 123

46
Q

What does it mean?

An agreement between the Project Team and an external supplier for the acquisition of a defined set of products to meet the procurement requirements of the Project

in Project Management Knowledge Area

A

Supplier Contract

Project Management Guidge 2018

Method 123

47
Q

What does it mean?

A formal document included during the tender process which outlines the information required to provide the Project Team with the confidence that a supplier can meet the procurement needs of the project. The RFI and RFP are both examples of Tender Documents

in Project Management Knowledge Area

A

Tender Document

Project Management Guidge 2018

Method 123

48
Q

What does it mean?

The process by which interested suppliers are identified, evaluated and selected for the supply of products (goods or services) to the project. This process entails formalizing the procurement requirements and tender documentation, receiving tender responses and selecting a preferred supplier

in Project Management Knowledge Area

A

Tender Management

Project Management Guidge 2018

Method 123

49
Q

What does it mean?

A document which outlines the purpose of the project, the manner in which the project will be structured and how it will be successfully implemented

in Project Management Knowledge Area

A

Project Charter

Project Management Guidge 2018

Method 123

50
Q

What does it mean?

The process within which time spent by staff undertaking project tasks is recorded against the project

in Project Management Knowledge Area

A

Time Management

Project Management Guidge 2018

Method 123

Management dictionary (2 decks)

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