Project Management Glossary Of Terms – E

By | October 1st, 2013|Project Management Glossary|Comments Off on Project Management Glossary Of Terms – E

EAC

Earliest Feasible Date

Earliest Finish

Earliest Finish Time

Earliest Start

Earliest Start Time

Early Dates

Early Finish

Early Finish Date

Early Start

Early Start Date

Early Start Time

Early Warning System

Earned Hours

Earned Value (EV)

Earned Value Analysis

Earned Value Cost Control

Earned Value Management

Earned Value Management System (“EVMS”)

(more…)

Project Management Glossary Of Terms – D

By | August 6th, 2013|Project Management Glossary|Comments Off on Project Management Glossary Of Terms – D

Damages

Dangle

Data

Data Application

Data Bank

Data Collection

Data Date(DD)

Data Entry Clerk

Data Item Description (“DID”)

Data Processing

Data Refinements

Data Structure Organization

Database

(more…)

Project Management Glossary Of Terms – C

By | April 30th, 2013|Project Management Glossary|Comments Off on Project Management Glossary Of Terms – C

C/SCSC

C/SSR

CA

CAD

Calculate Schedule

Calendar File

Calendar Range

Calendar Start Date

Calendar Unit

Calendar, Software

Calibration

CAM

CAP

Capability

Capability Maturity Model (“CMM”) (more…)

Project Management Glossary Of Terms – B

By | March 20th, 2013|Project Management Glossary|Comments Off on Project Management Glossary Of Terms – B

BAC

Back Charge

Backward Pass

Bad Debts

Balance

Balanced Matrix

Balanced Scorecard

Balanced Scorecard Approach (“BSA”)

Bank

Banking

Bar Chart

Bargaining

Bargaining Power

Barriers

(more…)

Project Management Glossary Of Terms – A

By | February 8th, 2013|Project Management Glossary|1 Comment

Abstract Resource

Abstraction

Acceleration

Acceptability Criteria

Acceptable Quality Level (“AQL”)

Acceptance

Approval (of results)

Acceptance Criteria

Acceptance Letters

Acceptance Number

Acceptance Review

Acceptance Test

Acceptance Test Procedure (“ATP”) (more…)

Project Management Glossary Of Terms

By | February 7th, 2013|Project Management Glossary|Comments Off on Project Management Glossary Of Terms

On this page you will find a glossary of project management terms and acronyms that are being used by project managers and not only in the project management domain.

The list was created using various sources including the PMBOK specifications from PMI. A good understanding of these concepts and definitions will increase the chances for project managers to succeed in managing their projects.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

This page is a work in progress so any feedback or suggestions are welcomed.

Project Management Terms – Baseline

By | October 26th, 2012|Project Management Glossary|Comments Off on Project Management Terms – Baseline

A baseline is a reference that is being used as a base for future measurement. In Project Management, the term baseline refers to an accepted and approved project plan. A project baseline is a must for a project manager to monitor and evaluate the success of a project. Without it there is no possibility to compare the current status of the project with the initial estimated one.

Once the project plan gets approved the manager should save it as a baseline plan. For a project there can be saved multiple baselines depending on the project size and how often the project plan changes. Ideally, once the project baseline is created it should not be changed anymore. However, it is sometimes inevitable to adjust it due to a new requirement that implies a major change to scope or cost. Also in rare cases the project was not well scheduled in the initial phase. In these cases the best solution is to keep the initial baseline and to save the adjusted schedule as a new baseline. This way there will be several interim baselines that can be used to remember the potentially bad project management or the team members that did not deliver as promised.

Types of project baselines

Since a project baseline includes many data from a project it is difficult to manage it as a whole and usually it is broken into several parts. This makes the complexity of baseline management easier to deal with. Project baselines generally include:

  • Scope baseline – the technical, physical and functional requirements for deliverable products
  • Schedule baseline – the project schedule and all of the elements supporting the schedule
  • Cost/Budget baseline – an approved budget usually in a time distribution format used to estimate, monitor, and control overall cost performance on the project
  • Quality/Risk baseline – the set of known possible changes (uncertainties) that could impact the performance of the project (more…)

Project Management Terms – Project

By | August 28th, 2012|Project Management Glossary|Comments Off on Project Management Terms – Project

A Project is a temporary set of actions which aim to create a unique, final deliverable.

This concise project definition reveals the major differences between characteristics of projects and operations:

  • Is temporary which means that is subject to change at a certain moment. In fact since it might change at any moment in time makes it rather transient than temporary.
  • Its outcome is unique. Although the product or service may be included in a large category (e.g. a building, a software product), the details can give the uniqueness of a project result.

A similar definition can be found into A Guide to the Project Management Body of Knowledge (PMBOK® Guide): “A temporary endeavor undertaken to create a unique product or service”.

Project Management Terms – Critical Path

By | August 20th, 2012|Project Management Glossary|1 Comment

Critical Path is the sequence of activities for which the slightest delay will influence the end of the project. The critical path of a project may change in time according to the new changes of the project schedule. In a project there can be several critical paths. Tasks that compose the critical path are called critical tasks.

Critical tasks need a special attention as they are more likely to compromise the completion date. Sometimes the project manager needes to see those tasks that could delay the project finish if they are late with a certain amount of time, in other words the tasks with a slack smaller than a given value.

In RationalPlan Project Management Software the Critical Path can be displayed by pressing the corresponding button from the toolbar while in Gantt view.

Project Management Terms – Assumptions

By | August 6th, 2012|Project Management Glossary|Comments Off on Project Management Terms – Assumptions

Assumptions are factors considered to be true in the planning phase.

As they are not certitudes, a certain degree of risk is involved. In fact, in Risk Identification process as part of the Project Risk Management, assumptions analysis takes an important role. Also, in Qualitative Risk Analysis, assumptions are important input data.

Examples of assumptions:

  • a person or equipment will be available at a certain date
  • the weather will allow an outdoor operation at a certain date
  • stakeholders will take a decision in the next meeting

Assumptions should be documented as part of the basis for the risks list. In RationalPlan Project Management Software a special step of the Project Guide is assigned for Assumptions and Constraints definition.