Dialogue - The budget may be expressed in terms of money or resource units (effort). [Sponsors] The unconscious growth of the project scope resulting from uncontrolled changes to requirements. Here are some of the most common terms every project management professional (PMP) should know. Scope - Download and Read online Dictionary Of Project Management Terms Third Edition ebooks in PDF, ... Get Free Dictionary Of Project Management Terms Third Edition Textbook and unlimited access to our library by created an account. A natural series of changes or occurrences. Resource dependent tasks can be scheduled at the same time but are limited by the availability of the shared resources. The PMBOK terms of project management processes and.Management Body of Knowledge, PMBOK Guide Fifth Edition, Project Management. Straw man - Content Expert -  [News-PMI Update] Responsibility - A manager responsible for the activities of an organizational unit (department, work group, etc. Fast Download speed and ads Free! Product - Project Management Institute PMI Lexicon of Project Management Terms. Closing - A task must be broken down into at least two sub-tasks for a meaningful decomposition. Murphy's Laws - For example, major disruptions in the project caused by serious weather conditions, accidents, etc. It maybe a service, event or any material object (e.g., a machine, computer system, new drug, building, etc.). Also included is the latest version of the PMP Manual, tutorials and webinars. Also referred to as a logical relationship. Each time a task is interrupted there is an additional ramp up—getting back to that optimal work pace. Glossary of project management terms and acronyms. Check back often, as this list is ever-evolving, just like project management itself! The process of coordinating the people and other resources in the performance of the project or the actual performance of the project. Authority is generally based on the perception that a person has been officially empowered to issue binding orders. A type of network diagram deriving its name from the PERT technique. Since estimates are not actuals, they should always be expressed with some indication of the degree of accuracy. See also schedule activity. We have put together a number of project management terms … [Terms of Use] Estimate - See Task. A project life cycle strategy in which prototypes and models are used early in project life to define requirements and design the product. See Requirements. endstream The information that describes the justification for the project. A designated amount of time and/or budget to account for parts of the project that cannot be fully predicted. A discussion in which the participants share their thoughts and gain a better understanding of the subject and, possibly, reach consensus. The length of time required or planned for the execution of a project activity. Slack - A deliverable must be tangible and verifiable. Debates are win-lose discussions, as opposed to dialogues, which are win-win discussions. In-house Projects - Management Reserve - A meeting at the beginning of the project or at the beginning of a major phase of the project to align peoples' understanding of project objectives, procedures and plans, and to begin the team-building and bonding process. Resource - [Contact] Also called a Request for Quote (RFQ). A dependency between tasks in which the tasks share the same resources and therefore cannot be worked on simultaneously. [Membership] Float - 3 0 obj Generally the client has a significant authority regarding scope definition and whether the project should be initiated and/or continued. A project life cycle strategy used to reduce risk of project failure by dividing projects into more manageable pieces. Scope management is the process by which the deliverables and work to produce them are identified and defined. Detailed statements of project deliverables that result from requirements definition and design. To live with the decision, one has to be convinced that the decision will adequately achieve objectives. Welcome to Version 3.2 of the PMI Lexicon of Project Management Terms. A document that describes the project at a high level of detail and is used to authorize the Project Manager to begin work. Network Diagram - Resource allocation involves scheduling and assigning of resources for a project in the most efficient way possible. Starting Out in Project Management 3rd edition. Debate - This may be part of requirements definition and/or design. Multi-Project Schedule - Relative Date - If an outside contractor developed the same product, the project would be externally sourced. Scope is defined in terms of three dimensions—product, project and impact. At the outset of a project, costs are estimated. It tests your knowledge and your ability to apply that knowledge in various scenarios. Also, the dates tasks have been started or completed and the dates milestones have been reached. Resource Dependency - A tentative decision or solution put forth as a point of reference for detailed critical analysis. Assumption - Explore . Making sure standards and procedures are effective and that they are complied with. Any change in the definition of the project scope. Usually a week or so in duration and performed by an individual or small work group. Also called a line manager. An organization or individuals providing products or services under contract to the client or to the project performance group. Specifications are the basis for acceptance criteria used in scope verification and quality control. The requirements provide the basis for accepting the product. The business case is often complex and may require financial analysis, technical analysis, organization impact analysis and a feasibility study. The process of making sure that all changes to the project scope are consciously evaluated and their implications to the project plan are considered in making a decision to make the change, postpone it or reject it. The purpose of the contingency reserve is to provide a more accurate sense of the expected completion date and cost of the project (or phase). [Free Demo] The project's material outcome. Authority is generally based on the perception that a person has been officially empowered to issue binding orders. Schedule - The latest time a task can start before it causes a delay in the project end date. Parametric estimating is usually used in top-down Estimating. Project Management Professional (PMP) Certification Exam, PMI, and PMBOK are registered trademarks of the Project Management Institute. Metrics - Anything that can go wrong will go wrong. Find out what changed and how to prepare for the updated version. PERT Diagram - Subject Matter Expert (SME) - Produced at a management of terms pdf is finalised and impact of the process analysis, programme or portfolio has been started. A business structure in which people are assigned to both a functional group (departments, disciplines, etc.) See Contingency Reserve. The process of establishing and maintaining the definition of the scope of a project, the way the project will be performed (procedures and tasks), roles and responsibilities and the time and cost estimates. Work Package - Resourcing Project Management Terms . Functional Manager - <>>><>>>] The product includes all necessary aspects of the deliverable (e.g., training, documentation, etc.). A restriction or limitation that influences the project plan. Accountability - The obligation to report on one's actions. Estimating using similar projects or activities as a basis for determining the effort, cost and/or duration of a current one. Furthermore, it also explains the key roles and responsibilities (R&R) such as Project manager, project team, project management team, functional manager, project coordinator, project expediter, sponsor, senior management. Budget - This is to further the goal of creating a common language for project management. Origin is called the pmp exam success factors and form? See Scope Change Control. See Logical Relationship. Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects. 4 0 obj You will be expected to know these terms for the CompTIA Project+ exam. Dependency - See Relative Date. Estimate to Completion - The activities are shown as horizontal bars of a length equivalent to the duration of the activity. • Section II provides definitions for terms you will likely need as your project management experience broadens. Activity - Any work performed on a project. There may be many projects during the product life cycle. Explore. The statement of detailed product objectives that describes the features and functions and performance constraints to be delivered in the product. A task (or activity) that must be started or finished before another task or milestone can be performed. This definition is taken … See Calendar Date. Implementation - PERT Diagram, Critical Path Diagram, Arrow Diagram, Precedence Diagram are all forms of network diagrams. The purpose is to ensure that resources are not overburdened by inadvertently scheduling project or other work without regard to previously scheduled work. The obligation to perform or take care of something, usually with the liability to be accountable for loss or failure. Successor - The full set of activities from the beginning to the end of a project. Any work performed on a project. A schedule of all the work (projects, operational activities, etc.) Task - Project Management - Some PMs separate contingency reserves from management reserves while others combine the two into a single reserve. (2) A task or set of tasks that are carried out in order to create an These are sometimes called "known unknowns". Project management has its own terminology and abbreviations, making your entry into the field pretty hard. A desired end result, often synonymous with objective. May be synonymous with task but in some cases it may be a specific level in the WBS (e.g., a phase is broken down into a set of activities, activities into a set of tasks). Early Start - If there is a possibility of several things going wrong, the one that will cause the most damage will be the one to go wrong. While PMBOK pdf is the ultimate reference, your Study Guide is a handier one for you. Anybody and everybody with a stake in the project - clients, sponsors, performers, the general public and even the family and friends of direct participants can be considered stakeholders. The PMP ® certification exam can be completed in your home or office. Risk Response Control - Measured in calendar time units—days, weeks, months. It may consist of filing away information, making notes, clean-up, etc. 6 0 obj  [PMP Training] Corollary: If there is a worse time for something to go wrong, it will happen then. Requirements - Power is the ability to influence the actions of others. Project Life Cycle - Approximating the size (duration and cost) and risk of a project (or phase) by looking at the project as a whole and comparing it to previously performed similar projects. A point of reference. A date expressed as a number of periods (e.g., days, weeks, or months) from a reference point. Application of concept … Project Charter - Our Brands. Resource Allocation. Sequencing Tasks - • Section I is a listing of basic project management terms. Parametric Estimating - Process - Business Case - A grouping of activities in a project that are required to meet a major milestone by providing a significant deliverable, such as a requirements definition or product design document. Not to be confused with the guy that holds the stake when the vampire slayer slays the vampire. Objective - This glossary contains more than 600 terms and provides simple, clear explanations. They are mostly related to project selection methods and especially to the most common approach for project selection which is the economic model.If you know these financial terms well as a project manager, you will be more confident about choosing the right project.Because these financial terms will help you better calculate the cost, … PMI's PMBOK Guide defines this as the process to ensure that all project deliverables have been completed satisfactorily. The comparison may be made directly using "analogous estimating," through an algorithm as in "parametric estimating", or from the memory of estimating experts. A part of the scheduling process in which the tasks are positioned serially or parallel to one another based on dependencies between them. Scope Change Control - Bottom-up Estimating - Determining duration through a bottom-up approach requires sequencing and resource leveling to be done as part of the scheduling process. Project management office: The Project management office in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. Critical Path - These are sometimes called "unknown unknowns." The project deliverable is differentiated from interim deliverables that result from activities within the project. [Privacy Policy], PERT—Program Evaluation and Review Technique -. The obligation to report on one's actions. Power - Generally, the event is a negative one like project failure, but may also be a positive event, like the early completion of a task. The ability to get other people to act based on your decisions. Everything you need to know about project management terms is here in one list! Constraint - If you’re working toward your PMP certification, you should cultivate the best possible understanding of all the knowledge areas, process groups, and processes outlined in the PMBOK® Guide before you try to take the PMP exam. Analogous Estimating - PERT—Program Evaluation and Review Technique - The most significant changes in project management are related to scope definition, availability of resources, schedule and budget. [HOME] Part of risk management in which planners identify potential risks and describe them, usually in terms of their symptoms, causes, probability of occurrence and potential impact. /Contents 6 0 R>> Activity - Client - For example: Nothing is as easy as it looks. An organizational unit that performs a specialized business function (e.g., design, Human Resource management, etc.) The cost or effort incurred in the performance of tasks. READ MORE on www.coursehero.com. Metrics are quantitative measures such as the number of on time projects. Responsibility Assignment Matrix (RAM) - [PMP Exam] Making sure deliverables comply with acceptance criteria. Among the scheduling objectives, is to ensure that resources are not overburdened (don’t schedule more resources for a period than are available) and that (as much as possible) there are not significant peaks and valleys in the resource schedule. Initiating (Project) - An activity must have duration and will result in one or more deliverables. The single point of accountability for a project. Baseline - See Ramp Down. The process of monitoring, measuring and reporting on progress and taking corrective action to ensure project objectives are met. The purpose of the project management plan (PMP) is to document the outcomes of the planning process and to provide the reference document for managing the project. For example, it is relatively certain that there will be some rework, but the amount of rework and where it will occur in the project (or phase) are not known. If anything simply cannot go wrong, it will anyway. Everything takes longer than you think. Change Request - See Power. See Resource Leveling. Measured in terms of person hours, person days, etc. The process of gaining formal acceptance for the results of a project or phase and bringing it to an orderly end, including the archiving of project information and post-project review. The term is often used as a synonym for network diagram. In some organizations and industries, specifications may be qualified as requirements specifications and design specifications. Our definitions of the most common project management terms will prepare you for the next project meeting. PATIENT MANAGEMENT PROGRAM . Initial ramp up can be significant, depending on the task. The difference between estimated cost, duration or effort and the actual result of performance. Estimating using an algorithm in which parameters that represent different attributes of the project are used to calculate project effort, cost, and/or duration. See Ramp Up. Scope Planning - The result is a comprehensive A–Z of popular project management terms that combines new additions such as hybrid life cycle and VUCA conditions (volatility, uncertainty, complexity and ambiguity) with commonly-used words associated with the project profession. Agile or (agile development) is a modern approach to software development, where the product (i.e. <> An objective is something to be achieved. Out of numerous terminologies associated with resource management, some are: 24. One of the key terms of project management is its work plan. Post-implementation Review - The project management plan is owned by the project manager. A series of steps or actions to accomplish something. Gantt Chart - For anyone involved in project, program, and portfolio management, the Lexicon is an essential resource to foster understanding and consistent usage of terminology. <> The amount of human resource time required to perform an activity. The phase is usually the highest level of breakdown of a project in the WBS. It is managed by the Project Management Institute and is based on the PMP Examination Specification published by PMI in 2005. May be synonymous with task but in some cases it may be a specific level in the WBS (e.g., a phase is broken down into a set of activities, activities into a set of tasks). A piece of work requiring effort, resources and having a concrete outcome (a deliverable). The AC is tallied at the project’s completion to show the true and final cost of the project. Any tangible support such as, a person, tool, supply item or facility used in the performance of a project. A tool used to relate each project activity in the WBS with a responsible organization unit or individual. The project is justified if the expected benefits outweigh estimated costs and risks. Whether you’re looking to understand some key project management terms, or need a complete project management glossary, you’ve come to the right place. Includes testing and reviews. [Glossary] ), which provides some specialized products, services or staff to projects. In project management, the objectives are the desired outcomes of the project or any part of the project, both in terms of concrete deliverables and behavioral outcomes (e.g., improved service, more money, etc.). The PMI Lexicon of Project Management Terms offers clear and concise definitions for nearly 200 of the profession’s frequently used terms. A task may be of any size (a project is a very large task). The PMO strives to standardize and introduce economies of repetition in the execution of projects. Agile.  [Affiliate] Also called outside contractors or sub-contractors. Scope Verification - For example, a target date may be a constraint on scheduling. Hence, understand the flow of processes in the project management. Some questions could test the understanding of definitions and terms used in PMBOK. The likelihood of the occurrence of an event. [PMP Exam Links] Make alternative assumptions to get a sense of what might happen in your project. Work Breakdown Structure (WBS) - The expected effort, cost and/or duration to complete a project or any part of a project. PMI Lexicon Of Project Management Terms … endobj Generally activities (which may be projects, operational activities, project activities, tasks, etc.) [Survey] Left over projects for pmp of terms pdf contains the pmbok and objectively, scope should the period. For tasks that are suspended the degree of ramp down (e.g., notes and filing away information) performed will reduce the ramp up effort. The process of managing a project which requires the application of planning, team-building, communicating, controlling, decision-making and closing skills, principles, tools and techniques. Generally used to denote a significant event such as the completion of a phase of the project or of a set of critical activities. x��[ۖ�F�|���y�=�O��&�wtd����x����g�U��,3�n��~#���J-R~q�/Ed�������ܿ2O������������qg�}|�[����^���o�7�����͋{�1��7�Է�j̇�h~l}�p2�w��`>4;slvc��_o��C����ݿ�������[p�,ا�僪�1� ���0�~4U=�G7�L]����v�| � Project Management Professional (PMP) is a globally recognised certification in project management. Sometimes the term is used to denote a piece of work at a particular level in a Work Breakdown Structure (WBS) hierarchy e.g., a phase is broken into a set of activities, and an activity into a set of tasks. Logical Relationship - Responsibility may be delegated to others but the delegation does not eliminate the responsibility. Resource leveling is the part of the scheduling process in which the start and end dates of tasks are driven by resource limitations (e.g., limited availability of resources or difficult-to-manage resource levels). Impact scope is the depth and breadth of involvement by, and effect on, the performing and client organizations. See Post-Project Review. To help you achieve this goal, we’re offering this authoritative reference guide, pulling together a complete list of project management terminology. The Multi-Project Schedule is also used to determine the impact of slippage in one project on other projects assigned to the same resources. In addition, can be the difference between the initial or baseline product scope and the actual product delivered. and to projects or processes which cut across the organization and require resources from multiple functional groups. These will be enhanced to increase functionality or improve product quality in subsequent sub-projects. Also called scope change management. Goal - See Objective. Note, in some organizations QA is used to refer to the quality control function. Late Start - [About] PMP terminology and definitions presented in fun word search games and crossword puzzles. In PERT, task durations are computed as (Optimistic + 4xMost likely + Pessimistic estimates) / 6). [Articles] Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. �׮mc��xxm��~��G�������3l�����'k�8��3��9�'�d��ᇘ�v��]�7�7}���x���8��m=�P���O����������uS[�~0~X���!Y3�Κ��;��;��О��j�kgc7:�_���Qn��/�N��s�c..G]1�6��B�������;z���L��ck�8�1����M�,�3�P�?��Ѿ^6�&��O=��.q���t n���?�@��Fs�yݶ�����'�ã��;^�m�>~�­T݊%9v;�m���i[;�FMW���v���f����wCs� ONQ4�0���B7Շek�s��[[��Y��F&��u���q�E�T�`��؃��a� As long as someone believes that the decision will not achieve the objectives, there is no consensus. Gantt Charts may be annotated with dependency relationships and other schedule-related information. Specifications - Change Control - There are three baselines in a project—schedule baseline, cost baseline and product (scope) baseline. The combination of these is referred to as the performance measurement baseline. Here’s a quick list of top project management terms and definitions you need to know to lead your projects to success. A bar chart that depicts a schedule of activities and milestones.  [FAQ] May be a phase in the project life cycle in which a product is put into use. It may be made at any point in the project's life. Coming Soon. A schedule may be constrained by resource limitations. The plan used as the comparison point for project control reporting. Use of the management reserve generally requires a baseline change. The purpose of the RFP is to solicit bids or proposals from prospective suppliers. Change - Calendar Date - The process of managing scope, schedule and budget changes to the plan. [PMP Sample Questions] [Purchase] Learn more about the online proctored exam. Remember, assumptions are not facts. Educate 360 partners with your team to meet your organization's training needs across Project Management, Agile, Business Analysis, Business Management, and Leadership skills development. pmbok glossary of terms pdf We standardized terminology throughout the document from supplier to.Section III has 7 appendices and section IV is broken into glossary and index. A dependency may be logical (see Logical Relationship) or resource based (see Resource dependency). Consensus - The project timeline, identifying the dates (absolute or relative to a start date) that project tasks will be started and completed, resources will be required and upon which milestones will be reached. %PDF-1.4 A set of laws regarding the perverse nature of things. It is associated with acceptance of the product by clients and sponsors. Scope Change - Something taken as true without proof. Project Management Basic Glossary . The amount allotted for the project that represents the estimate of planned expenditures and income. A relationship between two or more tasks. CV – Cost Variance. z3��f٘9t���T~�-Noˇ��x �Տn�p�b���q� ?5. The process of describing and deciding to begin a project (or phase) and authorizing the Project Manager to expend resources, effort and money for those that are initiated. Request for Proposal (RFP) - Spiral Development Approach - Specifications generally describe the deliverables in terms of appearance, operational constraints and quality attributes. Taking corrective action is an aspect of risk response control. This is contrasted with debate. Contingency Reserve - Risk Response - A hierarchical task list created by decomposing the project based on the breakdown of the product into components and the breakdown of the project process into increasingly detailed tasks. Development of a statement of the principle deliverables of a project along with the project's justification (business case) and objectives. A documented request for a change in scope or other aspects of the plan. Sub-contractor - Post-Project Review - stream Also see Link. Project scope is the work that has to be done to deliver the product. �`g�[�j The amount of time available for a task to slip before it results in a delay of the project end date. An activity must have duration and will result in one or more deliverables. Contingency plans are collections of risk responses. A point in time when a deliverable or set of deliverables is available. *Leading and directing the project as identified with the tasks, knowledge, and skills specific in the Project Management Professional Examination Content Outline. When to use. Risk - Of course in this broader usage, the agreement between the parties is not a legally binding contract but it is a contract nonetheless. A milestone is an event; it has no duration or effort. The person or organization that is the principle beneficiary of the project. endobj Matrix Organization - A description of the scope of a project centered on the major deliverables and constraints. Sequencing results in a task network. Product scope is the full set of features and functions to be provided as a result of the project. For example, the manager of an engineering group, testing department or procedures development department. There may be more than one critical path and the critical path(s) may change during the project. Link - It must be preceded by one or more tasks (even the beginning of a project is preceded by a set of tasks, which may be implied). Every element of the WBS (activity or task) must have one or more deliverables. Ramp down can be significant, depending on the task. /Contents 4 0 R>> Unanimous agreement among the decision-makers that everyone can at least live with the decision (or solution). Quality Assurance (QA) - The resulting sub-projects may deliver parts of the full product, or product versions. PMP® Exam … Functional Group - This glossary was developed by CompTIA, using a variety of industry references and a number of project management subject-matter experts. A project is broken down into a set of phases for control purposes. stream It consists of assembling materials, learning about the task (including new tools and techniques) and the time required getting into an optimum work pace. Top-down Estimating - See Float. Activity (1) A component of work performed during the course of a project. A relationship in which a task or milestone relies on other tasks to be performed (completely or partially) before it can be performed. Reserves for changes and issues may be part of the contingency reserve or separate reserves. Program - However there is a growing understanding that any internal group that provides products or services (e.g., an internal technical writing department) is a sub-contractor to the project manager. Projects performed primarily by performers who are part of the same organization as the client. [PMP Exam Format] While there are many project management terms that are easily understood, even to the layman, there are some that even seasoned project professionals need help with. Executing - Input may be in the form of requirements, planning, resolutions to issues and/or review of project results. Statement of Work - An assessment of the required duration, effort and/or cost to complete a task or project. Resource Leveling - [Testimonials] /Group <> Authority The ability to get other people to act based on your decisions. Difference in an expected value or event. The course of a project as a point of reference for detailed critical analysis work performed during project! 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