Quiz Two Flashcards
Evaluate or check something by comparison with a standard.
Benchmarking
An estimate of income and expenditure for a set period of time.
Budget
A structured approach to defining customers needs or requirements and translating them into specific plans to produce products to meet those needs.
Quality Function Deployment (QFD)
An organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, etc..
Strategic Planning
The management of change and development within a business or similar organization
Change management
A plan designed to take possible future events or circumstance into account.
Contingency plans
(Of an object or an action) require the payment of (a specified sum of money) before it can be acquired or done.
Cost
A step by step project management technique for process planning that defines critical and non-critical tasks with the goal of preventing time-frame problems and process bottlenecks.
Critical Path Method (CPM)
A group of people with different functional expertise working toward a common goal.
Cross-functional team
A type of bar chart that illustrates a project schedule.
Gantt Chart
A process input that provides a significant impact on the output of a process or a system or on the key process output variable.
Key process input variable.
The factor that results as output from a process or some objects such as parts, assemblies or entire systems.
Key process output variable.
An action or event marking a significant change or stage in development
Milestone
A barrier or manned entrance, typically at a border, where travelers are subject to security checks.
Checkpoint
An important assignment carried out for political, religious, or commercial purposes, typically involving travel
Mission
The ability to think about or plan the future with imagination or wisdom
Vision
Short term goals whose achievement brings an organization closer to its long-term goals.
Operational Goal
A statistical tool, used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
Program evaluation and review technique (PERT)
A detailed description of a series of activities aimed at solving a certain problem.
Project Proposal
A formal document designed to guide the control and execution of a project.
Project plan
