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Acceptance Criteria - ✔✔A set of conditions that are met before deliverables are accepted. Accept - ✔✔The act of formally receiving or acknowledging something and regarding it as being true, sound, suitable, or complete. Activity - ✔✔A distinct, scheduled portion of work performed during the course of a project. Activity Code - ✔✔An alphanumeric value assigned to each activity that enables classifying, sorting, and filtering.
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Activity Identifier - ✔✔A unique alphanumeric value assigned to an activity and used to differentiate that activity from other activities. Activity Label - ✔✔A phrase that names and describes an activity. See also activity code and activity identifier. Actual Cost (AC) - ✔✔The realized cost incurred for the work performed on an activity during a specific time period. Analogous Estimating - ✔✔A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Apportioned Effort - ✔✔An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts.
Change Control - ✔✔A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected Change Control Board - ✔✔A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions. Change Control System - ✔✔A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled Change Request - ✔✔A formal proposal to modify any document, deliverable, or baseline.
Code of Accounts - ✔✔A numbering system used to uniquely identify each component of the work breakdown structure(WBS). Communications Management Plan. - ✔✔A component of the project, program, or portfolio management plan that describes how, when, and by whom information will be administered and disseminated. Configuration Management System - ✔✔A collection of procedures used to track project artifacts and monitor and control changes to these artifacts. Constraint - ✔✔A limiting factor that affects the execution of a project, program, portfolio, or process Contingency Plan - ✔✔A document describing actions that the project team can take if predetermined trigger conditions occur.
Cost Performance Index (CPI) - ✔✔A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost. Cost Variance (CV) - ✔✔The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost. Crashing - ✔✔A schedule compression technique used to shorten the schedule duration for the least incremental cost by adding resources 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.
Critical Path - ✔✔The sequence of activities that represents the longest path through a project, which determines the shortest possible duration. Critical Path Activity - ✔✔Any activity on the critical path in a project schedule. 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. Data Date - ✔✔A point in time when the status of the project is recorded. Decision Tree Analysis - ✔✔A diagramming and calculation technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.
Early Finish Date - ✔✔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 - ✔✔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. Earned Value (EV) - ✔✔The measure of work performed expressed in terms of the budget authorized for that work. Earned Value Management - ✔✔A methodology that combines scope, schedule, and resource measurements to assess project performance and progress Effort - ✔✔The number of labor units required to complete a schedule activity or work breakdown structure component, often expressed in hours, days, or weeks.
Enterprise Environmental Factors - ✔✔Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio. Estimate at Completion (EAC) - ✔✔The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete. Estimate to Complete (ETC) - ✔✔The expected cost to finish all the remaining project work. Fast Tracking - ✔✔A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.
Free Float - ✔✔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. Functional Organization - ✔✔An organizational structure in which staff is grouped by areas of specialization and the project manager has limited authority to assign work and apply resources. Gantt Chart - ✔✔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. Human Resource Management Plan - ✔✔A component of the project or program management plan that describes the roles and responsibilities, reporting relationships, and staff management. Issue - ✔✔A threat that has occurred.
Lag - ✔✔The amount of time whereby a successor activity will be delayed with respect to a predecessor activity Late Finish Date - ✔✔In the critical path method, the latest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the project completion date, and any schedule constraints. Late Start Date - ✔✔In the critical path method, the latest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic, the project completion date, and any schedule constraints. Lead - ✔✔The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.
Milestone - ✔✔A significant point or event in a project, program, or portfolio. Milestone Schedule - ✔✔A type of schedule that presents milestones with planned dates. Most Likely Duration - ✔✔An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. Near‐Critical Activity - ✔✔An activity with a total float that is deemed to be low based on expert judgment. Near‐Critical Path - ✔✔A sequence of activities with low float which, if exhausted, becomes a critical path sequence for the project.
Network Logic - ✔✔All activity dependencies in a project schedule network diagram. Network Path - ✔✔A sequence of activities connected by logical relationships in a project schedule network diagram. Node - ✔✔A point at which dependency lines connect on a schedule network diagram. Opportunity - ✔✔A risk that would have a positive effect on one or more project objectives. Optimistic Duration - ✔✔An estimate of the shortest activity duration that takes into account all of the known variables that could affect performance.
Organizational Project Management Maturity - ✔✔The level of an organization's ability to deliver the desired strategic outcomes in a predictable, controllable, and reliable manner. Parametric Estimating - ✔✔An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Path Convergence - ✔✔A relationship in which a schedule activity has more than one predecessor. Path Divergence - ✔✔A relationship in which a schedule activity has more than one successor. Percent Complete - ✔✔An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.
Performance Measurement Baseline - ✔✔Integrated scope, schedule, and cost baselines used for comparison to manage, measure, and control project execution Performing Organization - ✔✔An enterprise whose personnel are the most directly involved in doing the work of the project or program. Pessimistic Duration - ✔✔An estimate of the longest activity duration that takes into account all of the known variables that could affect performance. Phase Gate - ✔✔A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a project or program. Planned Value (PV) - ✔✔The authorized budget assigned to scheduled work.
