Reporting and Communication
Expert-defined terms from the Certified Professional in Earned Value Management (EVM) in Projects course at London School of Business and Administration. Free to read, free to share, paired with a professional course.
Absolute Deviation is a measure of the difference between actual and planned val… #
Absolute Deviation is a measure of the difference between actual and planned values, used to assess the variability of project performance, it is also known as deviation and can be calculated using Earned Value Management (EVM) metrics.
Acceptance Criteria are the conditions that must be met for a deliverable… #
Acceptance Criteria are the conditions that must be met for a deliverable to be accepted by the stakeholders, it is an essential component of the project scope statement and is used to determine whether the project has met its objectives.
Accuracy is the degree of closeness of a measured value to the true value… #
Accuracy is the degree of closeness of a measured value to the true value, in the context of EVM, accuracy is critical in ensuring that project performance metrics are reliable and trustworthy.
Acquisition is the process of obtaining goods or services from external s… #
Acquisition is the process of obtaining goods or services from external sources, it involves planning, soliciting, and contract administration, and is an essential aspect of project procurement management.
Action Item is a task or activity that must be performed to address a spe… #
Action Item is a task or activity that must be performed to address a specific issue or problem, it is often assigned to a team member or stakeholder and is used to track progress and ensure that issues are resolved.
Activity is a task or work package that is performed during the project l… #
Activity is a task or work package that is performed during the project lifecycle, it is a basic building block of the project schedule and is used to plan, execute, and control the project.
Activity Attributes are the characteristics of an activity, such as durat… #
Activity Attributes are the characteristics of an activity, such as duration, cost, and resource requirements, they are used to plan and schedule activities and are an essential component of the project schedule.
Activity List is a collection of activities that must be performed to com… #
Activity List is a collection of activities that must be performed to complete the project, it is used to plan and schedule the project and is an essential component of the project management plan.
Activity Resource Requirements are the resources needed to perform an act… #
Activity Resource Requirements are the resources needed to perform an activity, they include labor, materials, and equipment, and are used to plan and schedule activities.
Actual Cost (AC) is the total cost incurred to complete an activity or wo… #
Actual Cost (AC) is the total cost incurred to complete an activity or work package, it is a key component of EVM and is used to calculate the Cost Variance (CV) and Cost Performance Index (CPI).
Actual Cost of Work Performed (ACWP) is the total cost incurred to comple… #
Actual Cost of Work Performed (ACWP) is the total cost incurred to complete the work performed, it is a key component of EVM and is used to calculate the Cost Variance (CV) and Cost Performance Index (CPI).
Agile is an iterative and incremental approach to project management, it… #
Agile is an iterative and incremental approach to project management, it involves continuous improvement and delivery, and is often used in software development and other complex projects.
Agile Methodology is a framework for managing and completing projects usi… #
Agile Methodology is a framework for managing and completing projects using agile principles and practices, it involves iterative and incremental development, and is often used in software development and other complex projects.
Analogous Estimating is a technique used to estimate the duration or cost… #
Analogous Estimating is a technique used to estimate the duration or cost of an activity based on the duration or cost of a similar activity, it is a form of expert judgment and is often used when there is limited data available.
Application Area is a specific area of the organization where the project… #
Application Area is a specific area of the organization where the project will be applied, it is used to determine the project scope and objectives, and is an essential component of the project charter.
Approved Change Request is a change to the project scope, schedule, or bu… #
Approved Change Request is a change to the project scope, schedule, or budget that has been approved by the stakeholders, it is used to update the project management plan and ensure that changes are properly documented and approved.
Assumptions are statements that are assumed to be true for the purposes o… #
Assumptions are statements that are assumed to be true for the purposes of the project, they are used to plan and estimate the project, and are an essential component of the project management plan.
Asynchronous Communication is a type of communication where the sender an… #
Asynchronous Communication is a type of communication where the sender and receiver do not interact in real-time, it includes emails, letters, and reports, and is often used when stakeholders are geographically dispersed.
Attribute is a characteristic of a work package or activity, such as dura… #
Attribute is a characteristic of a work package or activity, such as duration, cost, or resource requirements, it is used to plan and schedule activities and is an essential component of the project schedule.
Authorization is the process of granting permission to perform a specific… #
Authorization is the process of granting permission to perform a specific task or activity, it is often used in the context of procurement and contract management.
Avoidance is a risk response strategy that involves avoiding the risk alt… #
Avoidance is a risk response strategy that involves avoiding the risk altogether, it is often used when the risk is high and the impact is significant, and is an essential component of risk management.
Baseline is a reference point against which project performance is measur… #
Baseline is a reference point against which project performance is measured, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Baseline Schedule is a copy of the project schedule that is used as a ref… #
Baseline Schedule is a copy of the project schedule that is used as a reference point, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Benchmarking is the process of comparing the project performance to that… #
Benchmarking is the process of comparing the project performance to that of other similar projects, it is used to identify best practices and areas for improvement, and is an essential component of quality management.
Benefits Management is the process of identifying, analyzing, and realizi… #
Benefits Management is the process of identifying, analyzing, and realizing the benefits of the project, it is used to ensure that the project delivers value to the organization, and is an essential component of project management.
Bid is a proposal submitted by a seller in response to a request for prop… #
Bid is a proposal submitted by a seller in response to a request for proposal, it includes the price, scope, and schedule, and is used to select the winning bidder.
Bidder is a seller who submits a proposal in response to a request for pr… #
Bidder is a seller who submits a proposal in response to a request for proposal, they are evaluated based on their proposal, and the winning bidder is selected.
Budget is the total amount of money allocated to the project, it is used… #
Budget is the total amount of money allocated to the project, it is used to plan and control costs, and is an essential component of project management.
Budget at Completion (BAC) is the total budget allocated to the project,… #
Budget at Completion (BAC) is the total budget allocated to the project, it is used to calculate the Cost Variance (CV) and Cost Performance Index (CPI), and is an essential component of EVM.
Budgeted Cost of Work Performed (BCWP) is the budgeted cost of the work p… #
Budgeted Cost of Work Performed (BCWP) is the budgeted cost of the work performed, it is a key component of EVM and is used to calculate the Cost Variance (CV) and Cost Performance Index (CPI).
Budgeted Cost of Work Scheduled (BCWS) is the budgeted cost of the work s… #
Budgeted Cost of Work Scheduled (BCWS) is the budgeted cost of the work scheduled, it is a key component of EVM and is used to calculate the Cost Variance (CV) and Cost Performance Index (CPI).
Business Case is a document that justifies the initiation of the project,… #
Business Case is a document that justifies the initiation of the project, it includes the business needs, benefits, and costs, and is used to secure funding and resources.
Calendar Unit is a unit of time used to schedule activities, such as hour… #
Calendar Unit is a unit of time used to schedule activities, such as hours, days, or weeks, it is used to plan and schedule activities, and is an essential component of the project schedule.
Change is a modification to the project scope, schedule, or budget, it is… #
Change is a modification to the project scope, schedule, or budget, it is used to update the project management plan and ensure that changes are properly documented and approved.
Change Control is the process of managing changes to the project scope, s… #
Change Control is the process of managing changes to the project scope, schedule, or budget, it is used to ensure that changes are properly documented and approved, and is an essential component of project control.
Change Control Board (CCB) is a group of stakeholders who review and appr… #
Change Control Board (CCB) is a group of stakeholders who review and approve changes to the project, they are responsible for ensuring that changes are properly documented and approved.
Change Management is the process of managing changes to the project scope… #
Change Management is the process of managing changes to the project scope, schedule, or budget, it is used to ensure that changes are properly documented and approved, and is an essential component of project control.
Change Request is a request to modify the project scope, schedule, or bud… #
Change Request is a request to modify the project scope, schedule, or budget, it is used to initiate the change control process, and is an essential component of project control.
Charter is a document that authorizes the project and defines its objecti… #
Charter is a document that authorizes the project and defines its objectives, scope, and stakeholders, it is used to secure funding and resources, and is an essential component of project management.
Closure is the process of formally completing the project, it includes do… #
Closure is the process of formally completing the project, it includes documenting lessons learned, and is an essential component of project management.
Co #
location is the practice of locating team members in the same physical location, it is used to improve communication and collaboration, and is an essential component of team management.
Communication is the process of exchanging information between stakeholde… #
Communication is the process of exchanging information between stakeholders, it is used to plan, execute, and control the project, and is an essential component of project management.
Communication Management is the process of planning, executing, and contr… #
Communication Management is the process of planning, executing, and controlling communication, it is used to ensure that stakeholders are informed and engaged, and is an essential component of project management.
Communication Plan is a document that outlines the communication approach… #
Communication Plan is a document that outlines the communication approach and tactics, it is used to ensure that stakeholders are informed and engaged, and is an essential component of project management.
Compliance is the process of adhering to laws, regulations, and standards… #
Compliance is the process of adhering to laws, regulations, and standards, it is used to ensure that the project is conducted in a lawful and ethical manner, and is an essential component of project management.
Component is a part of a larger system or project, it is used to break do… #
Component is a part of a larger system or project, it is used to break down complex projects into manageable pieces, and is an essential component of project management.
Conduct Procurements is the process of obtaining goods or services from e… #
Conduct Procurements is the process of obtaining goods or services from external sources, it involves planning, soliciting, and contract administration, and is an essential component of procurement management.
Configuration Management is the process of controlling changes to the pro… #
Configuration Management is the process of controlling changes to the project scope, schedule, or budget, it is used to ensure that changes are properly documented and approved, and is an essential component of project control.
Constraint is a limitation or restriction that affects the project, it is… #
Constraint is a limitation or restriction that affects the project, it is used to plan and schedule activities, and is an essential component of project management.
Context Diagram is a visual representation of the project context, it inc… #
Context Diagram is a visual representation of the project context, it includes stakeholders, inputs, and outputs, and is used to understand the project environment.
Contingency Plan is a document that outlines the approach to managing ris… #
Contingency Plan is a document that outlines the approach to managing risks and uncertainties, it is used to mitigate risks and ensure that the project is delivered on time, and is an essential component of risk management.
Contingency Reserve is a fund allocated to manage risks and uncertainties… #
Contingency Reserve is a fund allocated to manage risks and uncertainties, it is used to mitigate risks and ensure that the project is delivered on time, and is an essential component of risk management.
Contract is a legally binding agreement between the buyer and seller, it… #
Contract is a legally binding agreement between the buyer and seller, it outlines the scope, schedule, and budget, and is used to manage procurement.
Contract Administration is the process of managing contracts, it involves… #
Contract Administration is the process of managing contracts, it involves ensuring that the seller meets the contractual requirements, and is an essential component of procurement management.
Contract Close #
out is the process of completing the contract, it includes documenting lessons learned, and is an essential component of procurement management.
Control is the process of monitoring and controlling the project, it is u… #
Control is the process of monitoring and controlling the project, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Control Account is a management control point where scope, schedule, and… #
Control Account is a management control point where scope, schedule, and budget are integrated, it is used to plan, execute, and control the project, and is an essential component of EVM.
Control Account Manager is the person responsible for managing the contro… #
Control Account Manager is the person responsible for managing the control account, they are responsible for ensuring that the project is delivered on time, and is an essential component of EVM.
Control Chart is a visual representation of the project performance, it i… #
Control Chart is a visual representation of the project performance, it is used to monitor and control the project, and is an essential component of quality management.
Control Limit is a threshold beyond which the project performance is cons… #
Control Limit is a threshold beyond which the project performance is considered unacceptable, it is used to monitor and control the project, and is an essential component of quality management.
Corrective Action is a step taken to correct a deviation from the plan, i… #
Corrective Action is a step taken to correct a deviation from the plan, it is used to get the project back on track, and is an essential component of project control.
Cost is the total amount of money spent on the project, it is used to pla… #
Cost is the total amount of money spent on the project, it is used to plan and control costs, and is an essential component of project management.
Cost Account is a management control point where costs are tracked and ma… #
Cost Account is a management control point where costs are tracked and managed, it is used to plan, execute, and control the project, and is an essential component of EVM.
Cost Baseline is a reference point against which cost performance is meas… #
Cost Baseline is a reference point against which cost performance is measured, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Cost Benefit Analysis is a technique used to evaluate the costs and benef… #
Cost Benefit Analysis is a technique used to evaluate the costs and benefits of the project, it is used to determine whether the project is viable, and is an essential component of project management.
Cost Management is the process of planning, executing, and controlling co… #
Cost Management is the process of planning, executing, and controlling costs, it is used to ensure that the project is delivered within budget, and is an essential component of project management.
Cost of Quality is the total cost of ensuring that the project meets the… #
Cost of Quality is the total cost of ensuring that the project meets the quality requirements, it includes prevention, appraisal, and failure costs, and is an essential component of quality management.
Cost Performance Index (CPI) is a metric that measures the cost efficienc… #
Cost Performance Index (CPI) is a metric that measures the cost efficiency of the project, it is calculated by dividing the earned value by the actual cost, and is an essential component of EVM.
Cost Variance (CV) is a metric that measures the difference between the e… #
Cost Variance (CV) is a metric that measures the difference between the earned value and the actual cost, it is used to track progress and identify deviations from the plan, and is an essential component of EVM.
Crashing is a technique used to reduce the project duration by allocating… #
Crashing is a technique used to reduce the project duration by allocating additional resources, it is used to get the project back on track, and is an essential component of project control.
Critical Chain is a method used to manage complex projects by identifying… #
Critical Chain is a method used to manage complex projects by identifying and managing the critical chain of activities, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Critical Path is a sequence of activities that determines the minimum pro… #
Critical Path is a sequence of activities that determines the minimum project duration, it is used to plan and schedule activities, and is an essential component of project management.
Critical Path Method is a technique used to plan and schedule activities,… #
Critical Path Method is a technique used to plan and schedule activities, it involves identifying the critical path and managing the dependencies between activities, and is an essential component of project management.
Customer is a person or organization that receives the project deliverabl… #
Customer is a person or organization that receives the project deliverables, they are the end-users of the project, and are an essential component of project management.
Dashboard is a visual representation of the project performance, it is us… #
Dashboard is a visual representation of the project performance, it is used to monitor and control the project, and is an essential component of project management.
Data Date is a point in time when the project data is collected, it is us… #
Data Date is a point in time when the project data is collected, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Decomposition is the process of breaking down complex projects into manag… #
Decomposition is the process of breaking down complex projects into manageable pieces, it is used to plan and execute the project, and is an essential component of project management.
Defect is a non #
conformance to the quality requirements, it is used to track and manage quality issues, and is an essential component of quality management.
Defect Repair is the process of correcting defects, it is used to ensure… #
Defect Repair is the process of correcting defects, it is used to ensure that the project meets the quality requirements, and is an essential component of quality management.
Deliverable is a product or service that is produced by the project, it i… #
Deliverable is a product or service that is produced by the project, it is used to measure progress and track performance, and is an essential component of project management.
Dependency is a relationship between activities, it is used to plan and s… #
Dependency is a relationship between activities, it is used to plan and schedule activities, and is an essential component of project management.
Design of Experiments is a statistical method used to optimize the projec… #
Design of Experiments is a statistical method used to optimize the project performance, it involves designing and conducting experiments to identify the factors that affect the project performance, and is an essential component of quality management.
Deterministic Estimating is a technique used to estimate the duration or… #
Deterministic Estimating is a technique used to estimate the duration or cost of an activity based on a fixed value, it is used to plan and schedule activities, and is an essential component of project management.
Development Team is a group of people responsible for developing the proj… #
Development Team is a group of people responsible for developing the project deliverables, they are responsible for executing the project, and are an essential component of project management.
Dictatorship is a leadership style where the project manager has complete… #
Dictatorship is a leadership style where the project manager has complete control over the project, it is used to make decisions quickly, but can be demotivating for team members, and is an essential component of project management.
Discrete Effort is a type of activity that requires a specific effort to… #
Discrete Effort is a type of activity that requires a specific effort to complete, it is used to plan and schedule activities, and is an essential component of project management.
Discretionary Dependency is a relationship between activities that is bas… #
Discretionary Dependency is a relationship between activities that is based on a preference or choice, it is used to plan and schedule activities, and is an essential component of project management.
Distribution is a statistical method used to model the project performanc… #
Distribution is a statistical method used to model the project performance, it involves identifying the distribution of variables to predict the project outcome, and is an essential component of risk management.
Documentation is the process of recording and storing project information… #
Documentation is the process of recording and storing project information, it is used to track progress and identify deviations from the plan, and is an essential component of project management.
Duration is the length of time required to complete an activity, it is us… #
Duration is the length of time required to complete an activity, it is used to plan and schedule activities, and is an essential component of project management.
Earned Schedule (ES) is a metric that measures the project schedule perfo… #
Earned Schedule (ES) is a metric that measures the project schedule performance, it is calculated by dividing the earned value by the planned value, and is an essential component of EVM.
Earned Value (EV) is a metric that measures the project performance, it i… #
Earned Value (EV) is a metric that measures the project performance, it is calculated by multiplying the planned value by the percentage of completion, and is an essential component of EVM.
Earned Value Management (EVM) is a method used to measure the project per… #
Earned Value Management (EVM) is a method used to measure the project performance, it involves tracking the earned value, actual cost, and planned value, and is an essential component of project management.
Effort is the amount of work required to complete an activity, it is used… #
Effort is the amount of work required to complete an activity, it is used to plan and schedule activities, and is an essential component of project management.
Enterprise Environmental Factors are external factors that affect the pro… #
Enterprise Environmental Factors are external factors that affect the project, they include organizational culture, infrastructure, and resources, and are an essential component of project management.
Estimate is a quantitative assessment of the duration or cost of an activ… #
Estimate is a quantitative assessment of the duration or cost of an activity, it is used to plan and schedule activities, and is an essential component of project management.
Estimate at Completion (EAC) is a forecast of the total cost of the proje… #
Estimate at Completion (EAC) is a forecast of the total cost of the project, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Estimate to Complete (ETC) is a forecast of the remaining cost of the pro… #
Estimate to Complete (ETC) is a forecast of the remaining cost of the project, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Exception Report is a document that highlights deviations from the plan,… #
Exception Report is a document that highlights deviations from the plan, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Executive is a person who has overall responsibility for the project, the… #
Executive is a person who has overall responsibility for the project, they are responsible for making strategic decisions, and are an essential component of project management.
Expected Monetary Value (EMV) is a metric that measures the expected valu… #
Expected Monetary Value (EMV) is a metric that measures the expected value of a decision, it is used to evaluate and prioritize risks, and is an essential component of risk management.
Expert Judgment is a technique used to estimate the duration or cost of a… #
Expert Judgment is a technique used to estimate the duration or cost of an activity based on the opinion of an expert, it is used to plan and schedule activities, and is an essential component of project management.
External Dependency is a relationship between activities that is based on… #
External Dependency is a relationship between activities that is based on external factors, it is used to plan and schedule activities, and is an essential component of project management.
Fallback Plan is a plan that is developed to manage risks and uncertainti… #
Fallback Plan is a plan that is developed to manage risks and uncertainties, it is used to mitigate risks and ensure that the project is delivered on time, and is an essential component of risk management.
Fast Tracking is a technique used to reduce the project duration by perfo… #
Fast Tracking is a technique used to reduce the project duration by performing activities in parallel, it is used to get the project back on track, and is an essential component of project control.
Finish #
to-Finish is a type of dependency where the finish of one activity determines the finish of another activity, it is used to plan and schedule activities, and is an essential component of project management.
Finish #
to-Start is a type of dependency where the finish of one activity determines the start of another activity, it is used to plan and schedule activities, and is an essential component of project management.
Fishbone Diagram is a visual representation of the causes of a problem, i… #
Fishbone Diagram is a visual representation of the causes of a problem, it is used to identify and analyze the root causes of a problem, and is an essential component of quality management.
Fixed Price Contract is a type of contract where the seller is paid a fix… #
Fixed Price Contract is a type of contract where the seller is paid a fixed price for the deliverables, it is used to manage procurement, and is an essential component of contract management.
Fixed #
Price-Incentive-Fee Contract is a type of contract where the seller is paid a fixed price plus an incentive fee, it is used to manage procurement, and is an essential component of contract management.
Float is the amount of time that an activity can be delayed without affec… #
Float is the amount of time that an activity can be delayed without affecting the project duration, it is used to plan and schedule activities, and is an essential component of project management.
Flowchart is a visual representation of the project process, it is used t… #
Flowchart is a visual representation of the project process, it is used to plan and execute the project, and is an essential component of project management.
Forecast is a prediction of the future project performance, it is used to… #
Forecast is a prediction of the future project performance, it is used to track progress and identify deviations from the plan, and is an essential component of project control.
Forward Pass is a technique used to calculate the early start and finish… #
Forward Pass is a technique used to calculate the early start and finish dates of activities, it is used to plan and schedule activities, and is an essential component of project management.
Free Float is the amount of time that an activity can be delayed without… #
Free Float is the amount of time that an activity can be delayed without affecting the project duration or the early start date of the next activity, it is used to plan and schedule activities, and is an essential component of project management.
Functional Manager is a person who is responsible for a specific function… #
Functional Manager is a person who is responsible for a specific function or department, they are responsible for managing resources and providing support to the project, and are an essential component of project management.
Functional Organization is a type of organization where each department o… #
Functional Organization is a type of organization where each department or function reports to a functional manager, it is used to manage and execute projects, and is an essential component of organizational management.
Gantt Chart is a visual representation of the project schedule, it is use… #
Gantt Chart is a visual representation of the project schedule, it is used to plan and execute the project, and is an essential component of project management.
Grade is a category of quality or performance, it is used to evaluate and… #
Grade is a category of quality or performance, it is used to evaluate and prioritize project deliverables, and is an essential component of quality management.
Hammock Activity is a type of activity that has a fixed duration and is u… #
Hammock Activity is a type of activity that has a fixed duration and is used to represent a group of activities, it is used to plan and schedule activities, and is an essential component of project management.
Histogram is a visual representation of the project data, it is used to t… #
Histogram is a visual representation of the project data, it is used to track progress and identify trends, and is an essential component of project control.
Historical Data is information from previous projects that is used to pla… #
Historical Data is information from previous projects that is used to plan and estimate the current project, it is used to improve the accuracy of estimates and reduce the risk of errors, and is an essential component of project management.
Identify Risks is the process of identifying potential risks and uncertai… #
Identify Risks is the process of identifying potential risks and uncertainties, it is used to develop a risk management plan, and is an essential component of risk management.
In #
Progress is a status of an activity that is currently being worked on, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Incentive is a reward or penalty that is used to motivate the seller to p… #
Incentive is a reward or penalty that is used to motivate the seller to perform, it is used to manage procurement, and is an essential component of contract management.
Influence Diagram is a visual representation of the relationships between… #
Influence Diagram is a visual representation of the relationships between variables, it is used to identify and analyze the root causes of a problem, and is an essential component of quality management.
Information is data that is organized and presented in a meaningful way,… #
Information is data that is organized and presented in a meaningful way, it is used to track progress and identify areas for improvement, and is an essential component of project management.
Initiation is the process of starting the project, it involves defining t… #
Initiation is the process of starting the project, it involves defining the project scope, schedule, and budget, and is an essential component of project management.
Input is a resource or information that is used to execute the project, i… #
Input is a resource or information that is used to execute the project, it is used to plan and schedule activities, and is an essential component of project management.
Inspection is a process of examining the project deliverables to ensure t… #
Inspection is a process of examining the project deliverables to ensure that they meet the quality requirements, it is used to track progress and identify areas for improvement, and is an essential component of quality management.
Integration is the process of combining the project components into a coh… #
Integration is the process of combining the project components into a cohesive whole, it is used to plan, execute, and control the project, and is an essential component of project management.
Integration Management is the process of planning, executing, and control… #
Integration Management is the process of planning, executing, and controlling the integration of the project components, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Interface is a point of interaction between two or more activities or sys… #
Interface is a point of interaction between two or more activities or systems, it is used to plan and schedule activities, and is an essential component of project management.
Internal Rate of Return (IRR) is a metric that measures the return on inv… #
Internal Rate of Return (IRR) is a metric that measures the return on investment of the project, it is used to evaluate and prioritize projects, and is an essential component of project management.
Interpersonal Skill is a skill that is used to communicate and interact w… #
Interpersonal Skill is a skill that is used to communicate and interact with stakeholders, it is used to build relationships and resolve conflicts, and is an essential component of project management.
Interdependency is a relationship between two or more activities or syste… #
Interdependency is a relationship between two or more activities or systems, it is used to plan and schedule activities, and is an essential component of project management.
Issue is a problem or concern that affects the project, it is used to tra… #
Issue is a problem or concern that affects the project, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Issue Log is a document that tracks and manages issues, it is used to ide… #
Issue Log is a document that tracks and manages issues, it is used to identify and prioritize issues, and is an essential component of project control.
Joint Application Design (JAD) is a method used to develop the project re… #
Joint Application Design (JAD) is a method used to develop the project requirements, it involves collaboration between the stakeholders and the development team, and is an essential component of project management.
Just #
in-Time (JIT) is a method used to manage the project schedule, it involves producing and delivering the project deliverables just in time, and is an essential component of project management.
Kickoff Meeting is a meeting that is held to start the project, it involv… #
Kickoff Meeting is a meeting that is held to start the project, it involves introducing the project team and stakeholders, and is an essential component of project management.
Kill Point is a point in time when the project is terminated, it is used… #
Kill Point is a point in time when the project is terminated, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Lag is a delay between two activities, it is used to plan and schedule ac… #
Lag is a delay between two activities, it is used to plan and schedule activities, and is an essential component of project management.
Late Finish Date is the latest date that an activity can finish without a… #
Late Finish Date is the latest date that an activity can finish without affecting the project duration, it is used to plan and schedule activities, and is an essential component of project management.
Late Start Date is the latest date that an activity can start without aff… #
Late Start Date is the latest date that an activity can start without affecting the project duration, it is used to plan and schedule activities, and is an essential component of project management.
Lead is a head start that one activity has over another activity, it is u… #
Lead is a head start that one activity has over another activity, it is used to plan and schedule activities, and is an essential component of project management.
Lessons Learned is a document that captures the knowledge and experience… #
Lessons Learned is a document that captures the knowledge and experience gained during the project, it is used to improve the project management process, and is an essential component of project management.
Level of Effort (LOE) is a type of activity that requires a fixed amount… #
Level of Effort (LOE) is a type of activity that requires a fixed amount of effort, it is used to plan and schedule activities, and is an essential component of project management.
Leveling is a technique used to manage resource allocation, it involves a… #
Leveling is a technique used to manage resource allocation, it involves adjusting the start and finish dates of activities to ensure that the resources are allocated efficiently, and is an essential component of project management.
Life Cycle is a series of phases that a project goes through, it includes… #
Life Cycle is a series of phases that a project goes through, it includes initiation, planning, execution, and closure, and is an essential component of project management.
Logical Relationship is a type of dependency between activities, it is us… #
Logical Relationship is a type of dependency between activities, it is used to plan and schedule activities, and is an essential component of project management.
Make #
or-Buy Decision is a decision that is made to determine whether to produce the project deliverables in-house or to outsource them, it is used to manage procurement, and is an essential component of contract management.
Management Reserve is a fund that is allocated to manage risks and uncert… #
Management Reserve is a fund that is allocated to manage risks and uncertainties, it is used to mitigate risks and ensure that the project is delivered on time, and is an essential component of risk management.
Matrix Diagram is a visual representation of the relationships between va… #
Matrix Diagram is a visual representation of the relationships between variables, it is used to identify and analyze the root causes of a problem, and is an essential component of quality management.
Matrix Organization is a type of organization where the project manager h… #
Matrix Organization is a type of organization where the project manager has a high degree of authority and control over the project, it is used to manage and execute projects, and is an essential component of organizational management.
Methodology is a system of practices and procedures that are used to mana… #
Methodology is a system of practices and procedures that are used to manage and execute projects, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Metric is a measure of the project performance, it is used to track progr… #
Metric is a measure of the project performance, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Milestone is a significant event or achievement in the project, it is use… #
Milestone is a significant event or achievement in the project, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Milestone Schedule is a schedule that includes the major milestones and d… #
Milestone Schedule is a schedule that includes the major milestones and deliverables, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Mind Mapping is a technique used to generate and organize ideas, it invol… #
Mind Mapping is a technique used to generate and organize ideas, it involves creating a visual map of the ideas and concepts, and is an essential component of project management.
Mitigation is a technique used to reduce the impact of a risk or threat,… #
Mitigation is a technique used to reduce the impact of a risk or threat, it is used to manage risks and ensure that the project is delivered on time, and is an essential component of risk management.
Model is a representation of the project or system, it is used to analyze… #
Model is a representation of the project or system, it is used to analyze and predict the project performance, and is an essential component of project management.
Monitor is the process of tracking and controlling the project, it is use… #
Monitor is the process of tracking and controlling the project, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Monitor and Control is the process of tracking and controlling the projec… #
Monitor and Control is the process of tracking and controlling the project, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Monte Carlo Analysis is a statistical method used to model and analyze th… #
Monte Carlo Analysis is a statistical method used to model and analyze the project performance, it involves simulating the project outcome to predict the probability of success, and is an essential component of risk management.
Most Likely Duration is the estimated duration of an activity that is mos… #
Most Likely Duration is the estimated duration of an activity that is most likely to occur, it is used to plan and schedule activities, and is an essential component of project management.
Network Diagram is a visual representation of the project schedule, it is… #
Network Diagram is a visual representation of the project schedule, it is used to plan and execute the project, and is an essential component of project management.
Node is a point in the network diagram that represents an activity or eve… #
Node is a point in the network diagram that represents an activity or event, it is used to plan and schedule activities, and is an essential component of project management.
Non #
Functional Requirement is a requirement that is not related to the functional performance of the project, it includes requirements such as security, usability, and reliability, and is an essential component of project management.
Opportunity is a positive risk or event that can benefit the project, it… #
Opportunity is a positive risk or event that can benefit the project, it is used to manage risks and ensure that the project is delivered on time, and is an essential component of risk management.
Opportunity Cost is the cost of choosing one option over another, it is u… #
Opportunity Cost is the cost of choosing one option over another, it is used to evaluate and prioritize projects, and is an essential component of project management.
Organization is a group of people who are working together to achieve a c… #
Organization is a group of people who are working together to achieve a common goal, it is used to manage and execute projects, and is an essential component of project management.
Organizational Breakdown Structure (OBS) is a hierarchy of the organizati… #
Organizational Breakdown Structure (OBS) is a hierarchy of the organization that is used to manage and execute projects, it is used to assign resources and responsibilities, and is an essential component of project management.
Organizational Culture is the set of values, beliefs, and behaviors that… #
Organizational Culture is the set of values, beliefs, and behaviors that are shared by the organization, it is used to manage and execute projects, and is an essential component of organizational management.
Organizational Process Assets are the processes and procedures that are u… #
Organizational Process Assets are the processes and procedures that are used to manage and execute projects, they include templates, guidelines, and checklists, and are an essential component of project management.
Output is a product or service that is produced by the project, it is use… #
Output is a product or service that is produced by the project, it is used to measure progress and track performance, and is an essential component of project management.
Parametric Estimating is a technique used to estimate the duration or cos… #
Parametric Estimating is a technique used to estimate the duration or cost of an activity based on a mathematical formula, it is used to plan and schedule activities, and is an essential component of project management.
Pareto Chart is a visual representation of the causes of a problem, it is… #
Pareto Chart is a visual representation of the causes of a problem, it is used to identify and analyze the root causes of a problem, and is an essential component of quality management.
Parkinson's Law is a principle that states that the work will expand to f… #
Parkinson's Law is a principle that states that the work will expand to fill the available time, it is used to plan and schedule activities, and is an essential component of project management.
Path Convergence is a point in the network diagram where multiple paths c… #
Path Convergence is a point in the network diagram where multiple paths converge, it is used to plan and schedule activities, and is an essential component of project management.
Path Divergence is a point in the network diagram where a single path div… #
Path Divergence is a point in the network diagram where a single path diverges into multiple paths, it is used to plan and schedule activities, and is an essential component of project management.
Payback Period is the time it takes for the project to generate enough re… #
Payback Period is the time it takes for the project to generate enough revenue to pay back the initial investment, it is used to evaluate and prioritize projects, and is an essential component of project management.
PDM is a method used to develop the project schedule, it involves creatin… #
PDM is a method used to develop the project schedule, it involves creating a network diagram and calculating the early and late start and finish dates, and is an essential component of project management.
Performance Measurement is the process of tracking and controlling the pr… #
Performance Measurement is the process of tracking and controlling the project performance, it is used to ensure that the project is delivered on time, and is an essential component of project management.
Performance Metric is a measure of the project performance, it is used to… #
Performance Metric is a measure of the project performance, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Phase is a major division of the project life cycle, it includes initiati… #
Phase is a major division of the project life cycle, it includes initiation, planning, execution, and closure, and is an essential component of project management.
Phase Gate is a point in the project life cycle where a decision is made… #
Phase Gate is a point in the project life cycle where a decision is made to proceed to the next phase, it is used to track progress and identify areas for improvement, and is an essential component of project control.
Planned Value (PV) is the budgeted cost of the work scheduled, it is a ke… #
Planned Value (PV) is the budgeted cost of the work scheduled, it is a key component of EVM and is used to calculate the Cost Variance (CV) and Cost Performance Index (CPI).
Planning is the process of developing the project management plan, it inv… #
Planning is the process of developing the project management plan, it involves defining the project scope, schedule, and budget, and is an essential component of project management.
Portfolio is a collection of projects that are managed and executed toget… #
Portfolio is a collection of projects that are managed and executed together, it is used to optimize the use of resources and achieve strategic objectives, and