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PMBOK 5 Glossary Full
Terms in this set (100)
A set of conditions that is required to be met before deliverables are accepted.
Products, results, or capabilities produced by a project and validated by the project customer or sponsors as meeting their specified acceptance criteria.
Activity cost Estimates
The projected cost of the schedule activity that includes the cost for all resources required to perform and complete the activity, including all cost types and cost components.
Activity duration Estimate
A quantitative assessment of the likely amount or outcome for the duration of an activity.
Adjusting Leads and Lags
A technique used to find ways to bring project activities that are behind into alignment with plan during project execution.
A group creativity technique that allows large numbers of ideas to be classified into groups for review and analysis.
A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project.
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.
Applying Leads and Lags
A technique that is used to adjust the amount of time between predecessor and successor activities.
Approved change request
A change request that has been processed through the integrated change control process and approved.
Approved change requests review
A review of the change requests to verify that these were implemented as approved.
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.
Benchmarking is the comparison of actual or planned practices, such as processes and operations, to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance.
The approved estimate for the project or any work breakdown structure component or any schedule activity.
Budget at completion (BAc)
The sum of all budgets established for the work to be performed.
A formal proposal to modify any document, deliverable, or baseline.
The process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives.
A general concept of conforming to a rule, standard, law, or requirement such that the assessment of compliance results in a binomial result stated as "compliant" or "noncompliant."
The process of obtaining seller responses, selecting a seller, and awarding a contract.
Within the quality management system, conformance is a general concept of delivering results that fall within the limits that define acceptable variation for a quality requirement.
A limiting factor that affects the execution of a project, program, portfolio, or process.
A technique used to shorten the schedule duration by adding resources.
The process of subdividing project deliverables and project work into smaller, more manageable components.
critical chain Method
A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties.
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.
A technique used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts.
The process of developing a detailed description of the project and product.
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.
A technique used to identify the type of dependency that is used to create the logical relationships between predecessor and successor activities.
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 subsidiary plans and integrating them into a comprehensive project management plan.
The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model.
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.
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 Start 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.
Enterprise Environmental Factors
Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio.
A quantitative assessment of the likely amount or outcome.
Estimate Activity durations
The process of estimating the number of work periods needed to complete individual activities with estimated resources.
Estimate Activity resources
The process of estimating the type and quantities of material, human resources, equipment, or supplies required to perform each activity.
The process of developing an approximation of the monetary resources needed to complete project activities.
Executing Process Group
Those processes performed to complete the work defined in the project management plan to satisfy the project specifications.
An elicitation technique using focused sessions that bring key cross-functional stakeholders together to define product requirements.
A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.
A logical relationship in which a successor activity cannot start until a predecessor activity has finished.
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.
An elicitation technique that brings together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product, service, or result.
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.
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.
Group decision-Making techniques
Techniques to assess multiple alternatives that will be used to generate, classify, and prioritize product requirements.
Documents and data on prior projects including project files, records, correspondence, closed contracts, and closed projects.
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.
Invitation for Bid (IFB)
Generally, this term is equivalent to request for proposal. However, in some application areas, it may have a narrower or more specific meaning.
The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.
The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.
The knowledge gained during a project which shows how project events were addressed or should be addressed in the future with the purpose of improving future performance.
Lessons Learned Knowledge Base
A store of historical information and lessons learned about both the outcomes of previous project selection decisions and previous project performance.
A document used to record and describe items identified during execution of a process or activity.
organizational Process Assets
Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.
An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters.
A relationship in which a schedule activity has more than one predecessor.
A relationship in which a schedule activity has more than one successor.
Decisions made by the largest block in a group, even if a majority is not achieved.
Precedence diagramming Method (PdM)
A technique used for constructing a schedule model in which activities are 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.
An activity that logically comes before a dependent activity in a schedule.
Product Life cycle
The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.
The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.
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.
Project cost Management
Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.
Project Funding requirements
Forecast project costs to be paid that are derived from the cost baseline for total or periodic requirements, including projected expenditures plus anticipated liabilities.
Project Life cycle
The series of phases that a project passes through from its initiation to its closure.
Project Management Information System
An information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. It is used to support all aspects of the project from initiating through closing, and can include both manual and automated systems.
Project Management Plan
The document that describes how the project will be executed monitored, and controlled.
Project Management Process Group
A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes. Project Management Process Groups are not project phases.
Questionnaires and Surveys
Written sets of questions designed to quickly accumulate information from a large number of respondents.
A formally documented change request that is submitted for approval to the integrated change control process.
requirements traceability Matrix
A grid that links product requirements from their origin to the deliverables that satisfy them.
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.
resource Breakdown Structure
A hierarchical representation of resources by category and type.
A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.
resource optimization techniques
A technique that is used to adjust the start and finish dates of activities that adjust planned resource use to be equal to or less than resource availability.
A technique which adjusts the activities of a schedule model such that the requirement for resources on the project do not exceed certain predefined resource limits.
responsibility Assignment Matrix (rAM)
A grid that shows the project resources assigned to each work package.
Action taken to bring a defective or nonconforming component into compliance with requirements or specifications.
rolling Wave Planning
An iterative planning technique in which the work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level.
The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.
The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed only through formal change control procedures and is used as a basis for comparison.
Scope Management Plan
A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled, and verified.
A logical relationship in which a successor activity cannot finish until a predecessor activity has started.
A logical relationship in which a successor activity cannot start until a predecessor activity has started.
Statement of Work (SoW)
A narrative description of products, services, or results to be delivered by the project.
A dependent activity that logically comes after another activity in a schedule.
Analysis of strengths, weaknesses, opportunities, and threats of an organization, project, or option.
A partially complete document in a predefined format that provides a defined structure for collecting, organizing, and presenting information and data.
A technique used to estimate cost or duration by applying an average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.
The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.
A document that provides detailed deliverable, activity, and scheduling information about each component in the work breakdown structure.
What-If Scenario Analysis
The process of evaluating scenarios in order to predict their effect on project objectives.
Work Breakdown Structure (WBS)
A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.
The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated and managed.
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