PM Terminologies and the glossary of terms
- A-ZTerms
Acceptance
Acceptance Criteria
Acceptance Test
Acceptance testing
Accepted deliverables
Active project
Activity attributes
Activity list
Activity on Node (AON)
Acts of nature
Actual performance
Ad hoc Project
Agile
Glossary
The formal process of accepting delivery of a product or a
deliverable.
Performance requirements and essential conditions that have to be
achieved before project deliverables are accepted.
The formal, pre-defined test conducted to determine the
compliance of the deliverable item(s) with the acceptance criteria.
A quality assurance (QA) process that determines to what degree
an application meets end users' approval.
Accepted deliverables are products or services that you provide to
your client that meets their specified acceptance criteria.
Are project you are currently and actively working on.
Details of project activities which are used to help project planning
and scheduling.
A document that includes all the scheduled activities that are part of a
project.
Refers to a precedence. diagramming method which uses boxes to
denote schedule activities AON diagrams can illustrate four
relationship types: start-to-start, start-to-finish, finish-to-start, and
finish-to-finish.
A natural disaster such as a hurricane, flood, tornado, earthquake,
or insect infestation which affect the nature of the project progress.
The success of the project in terms of achieving its intended impact
objective and performance indicators.
Work that has been formed or used for a special and immediate purpose,
without previous planning of the project.
An approach to project management that leans heavily on short
time frames, adaptability, and iteration.
Agile project management A collaborative, iterative project management approach that
incorporates continuous testing and responsiveness to change.
Alternative analysis
The evaluation of possible courses of action for project work in
order to find the most suitable course of action.
Alternative hypothesis
States that there is a statistically significant relationship between
the two variables.
Analogous estimating
A technique that uses information from a similar past project in
order to estimate the cost and duration of a planned project.
Annual budget
A budget lays out a company's projected income and expenses for
a 12-month period.
Appraisal
Made about the marketability of the product including the volume
considered in the project.
Anticipated cost
Approved budget
Approved business case
Approved Change
Request
Approval of the project
management plan
Archiving system
Arrow diagramming
method (ADM)
As-built documents
Asset register
Assumption
Assumption log
Base contract
Baseline
Baseline budget
Baseline data
Basis of estimates
Benefit management plan
Project expenses that have not been incurred yet but will in the
future.
An operating or capital budget or an amended operating or capital
budget of the project.
Provides a record of the decisions made by governance about how
to achieve the required return on investment from the work.
A type of change request that has been processed through
integrated change processes.
Confirmation that the project information and management
strategy have been developed to a level of detail sufficient to
proceed to the design phase for the development of a design
solution in compliance with the project objectives and
requirements.
Are used to store, index, classify and manage electronic
documents and data while ensuring their retention and integrity
throughout their lifecycle.
A project network diagramming technique like the Precedence
Diagram Method (PDM). Unlike the PDM, activities are shown as
arrows on the diagram in this method. It has been used for a long
time for determining the critical path, identifying resource problems,
and analyzing feasible solutions when the approximate duration
and resource requirement of all the activities are known.
The set of information depicting a project, that is updated after its
implementation.
An accounting tool used to track and individual’s or an
organization’s assets.
Statements that will be taken for granted as fact and upon which
the project business case will be justified.
A document that a project manager and project team utilize to
capture, record, and track assumptions on a project throughout its
life cycle.
The initial contractual activity, including all option years, allowed
during a defined unit of time, for example, 2 years. The base
contract includes option years but does not include amendments.
The reference levels against which a project, programmed or
portfolio is monitored and controlled.
The estimate of project costs that start with at the beginning of
project.
The original planned start and finish dates for a project or an activity
when the schedule was baselined.
An analyzed and carefully calculated number that can be used for
proposals, bidding on government contracts, and executing a
project with a fully calculated budget.
Will identify, monitor and track benefits over the project's life cycle
and often after the project is finished.
Best practice
A standard or set of guidelines that is known to produce good outcomes
if followed.
Bias
A disproportionate weight in favor of or against an idea or thing in
handle the projects.
A tender, quotation or any offer to enter into a contract.
This calculation computes total time and cost estimates for projects
by preparing individual estimates for each of a project’s activities
and adding them together.
A group problem-solving method that involves the spontaneous
contribution of creative ideas and solutions.
The estimate of project costs that start with at the beginning of
project and projections for direct and indirect costs.
A measure that is often used in earned value management to track
the actual cost of a project against its forecasted budget or The
sum total of the time-phased budgets.
An auditable way to move funds between work packages or
activities on a project.
The time to examine how budget can best to serve the project
future, and adjust the budget accordingly.
The difference between the budgeted amount of expense or
revenue, and the actual cost.
A project management document that explains how the benefits of
a project overweigh its costs and why it should be executed.
Something that is given by a project to clients or customers without
charge.
Bid
Bottom-up estimating
Brainstorming
Budget Baseline
Budget to completion
Budget transfer
Budget Validation
Budget Variance
Business Case
Business Gifts
Business impact
The benefit realized from a project or initiative expressed in terms
of taking action vs. doing nothing.
Candidate project
A list of projects submitted by the operating offices for approval.
Capital Expenditure
(CAPEX)
Capture Lessons Learned
The money a project/company spends to buy, maintain or improve
fixed assets.
Learn something new on every project, but a lessons learned
session ensures to capture and codify that information to share it
with other teams.
A piece of content that highlights a project successfully managed
by the organization by planned schedule.
When something happens in project or is happening based on
something that occurred or is occurring. Project B happened
because of project A (for example). The outcome of project B is
strong or weak because of how well or how much project A worked.
Approval, to make changes in and about a project work package,
[changes in and about a project] or a similar approval issued under
a former Act of the project.
Case study
Causal Effect
Change approval
Change control
Change Log/ register
Change Management
Change management
Change Request
Changing requirements
Child project
Close project
Closure
Code of ethics
Communication register
company strategic
Conventional scope
change
Strategic planning
Completed project
Completion Criteria
Complexity of the project
The process through which all requests to change the approved
baseline of a project, program or portfolio are captured, evaluated
and then approved, rejected or deferred.
A record of all proposed changes to scope of the project.
The overarching approach taken in an organization to move from
the current to a future desirable state using a coordinated and
structured approach in collaboration with stakeholders.
Defined as the methods and manners in which a company
describes and implements change within both its internal and
external processes.
A formal proposal for an alteration to some product or system of
the project.
A common phenomenon in the project lifecycle that can become a
real obstacle to a project's success.
A subset of work to be done by a team that uses the same iteration
and release cadence as the parent project.
The process of finalizing all activities for the project, phase, or
contract.
The formal end point of a project, program or portfolio; either
because planned work has been completed or because it has been
terminated early.
A guide of principles designed to help professionals conduct
business honestly and with integrity.
Helps to track all of communications activities within project and
sharing of ideas and opinions between professionals who are
working on similar or related tasks.
A term that is used to describe the combination of policies,
processes, and procedures that are employed to help a company
operate according to its mission statement and achieve its shortterm and long-term goals.
An official decision made by the project manager and the client to
change a feature, to expand or reduce its functionality.
The process of setting goals and creating a blueprint for an
organization's future.
Task orders, work orders or purchase orders (or any similar orders
or assignments) under any of the project contracts for which the
project team completed performance prior to the closing date of the
project.
The criteria by which anyone else can determine if a task was
completed properly and can be a simple checklist or a more
comprehensive set of standards or protocols.
The property of a project which makes it difficult to understand,
foresee, and keep under control its overall behavior, even when
given reasonably complete information about the project system.
Compliance
A particular form of requirement, we rely on quality management to
ensure it is being planned for, tested and tracked. Conforming to a
rule, such as a specification, policy, standard or law of the project.
Conduct procurement
The process of obtaining seller responses, selecting a seller, and
awarding a contract.
Conduct risk management A tool for recognizing, acting on, and predicting conduct risk
impacts in regulated business.
Configuration
Provides processes and systems for managing, protecting and
management
controlling all of the projects products.
Constraint
Any limitation or risk that must be accounted for over the duration
of the project life cycle.
Contingency
A potential occurrence of a negative event in the future, such as an
economic recession, natural disaster, fraudulent activity, terrorist
attack, or a pandemic.
Contingency plan
An alternative or additional course of action planned in anticipation
of the occurrence of specific risks in project progress.
Contingency Reserve
An allocation of time or money (or both) set aside for the
occurrence of known possibilities that could delay a project or
make it more expensive.
Contract (Frame
An agreement made between two or more parties that creates
Agreement)
legally binding obligations between them. The contract sets out
those obligations and the actions that can be taken if they are not
met.
Counterfactual
An estimate of what would have happened in the absence of the
program, and for suitable programs this can be a key element of
the evaluation design.
Contract Awarding
The method used during a procurement in order to evaluate the
proposals (tender offers) taking part and award the relevant
contract.
Contract Document
The written agreement executed by the Owner and Contractor
setting forth the obligations of the parties, including but not limited
to performance of the work, furnishing of labor, equipment and
materials, and the basis of payment.
Contract management
The process of managing agreements, from their creation through
to their execution by the chosen party, and to the eventual
termination of the contract.
Contractor
A person, company or firm who holds a contract for carrying out
the works and/or the supply of goods or services in connection with
the project.
Contractor Performance
Assesses a contractor's performance and provides a record, both
Assessment Report
positive and negative, on a given contract during a specific period
(CPAR)
of time.
Control cost
The practice of identifying and reducing business expenses to
increase profits, and it starts with the budgeting process.
Control procurement
Control project
Control schedule
Control scope
Conventional scope
change
Corporate Governance
Corporate Project
Management Office
Cost
Cost Analysis
Cost baseline
Cost Benefit Analysis
Cost Capitalization
Cost estimating and
control
Cost forecasts
Cost tolerance
Cost invested
Cost Management
Cost performance index
Counterfactual
The process of managing procurement relationships; monitoring
contract performance, and making changes and corrections as
appropriate; and closing out contracts.
A process that encompasses the resources, procedures, and tools
for the planning, monitoring, and controlling of all phases of the
capital project lifecycle.
The process of monitoring the status of the project activities to
update project progress and manage changes to the schedule
baseline to achieve the plan.
The process of monitoring the status of the project and product
scope and managing changes to the scope baseline.
An official decision made by the project manager and the client to
change a feature, to expand or reduce its functionality.
The structure of rules, practices, and processes used to direct and
manage a company.
A group or department within a business, agency or enterprise that
defines and maintains standards for project management within the
organization.
The value of money that has been used up to produce something
or deliver a service.
The act of breaking down a cost summary into its constituents and
studying and reporting on each factor.
An approved project cost and includes the cost of wages,
materials, equipment, and other direct and indirect costs.
The process used to measure the benefits of a decision or taking
action minus the costs associated with taking that action.
Refers to the practice of not recognizing the cost of a fixed asset,
tangible or intangible, in the period it was incurred but rather
expensing it over a period of time through depreciation or
amortization, respectively.
The process of forecasting the financial and other resources
needed to complete a project within a defined scope.
A useful exercise in determining required expenditures at the
various payment stages of a project.
The permitted (approved) deviation from planned parameters.
Usually this will be increase or decrease from planned cost or time.
The amount of money spent for the investment, investment
expenditure required to exercise the option (cost of converting the
investment opportunity into the option's underlying asset, i.e. the
operational project.
The process of planning and controlling the costs associated with
running a business.
A measure of the financial effectiveness and efficiency of a project.
An estimate of what would have happened in the absence of the
program, and for suitable programs this can be a key element of
the evaluation design.
Debt financing
The process through which companies raise funds, by borrowing
money from creditors such as financial institutions and investment
firms to implement the project.
Decommissioning
Stopping provision of a service or a significant part of a service in
order to bring about an improvement to existing service provision.
Defining Activities
The process of identifying and documenting the specific actions to
be performed to produce the project deliverables.
Delay
Typically an issue that can take companies over budget, cause
them to miss deadlines, and sometimes derail projects.
Delegation Matrix
An official government or organizational document that indicates
how powers within an organization have been delegated to various
decision-makers.
Deliverable
A product, set of products or package of work that will be delivered
to, and formally accepted by, a stakeholder.
Deliverables acceptance Defined as a formal statement of needs, rules, tests, requirements
criterion
and standards that must be used in reviewing project outcome and
coming to agreement with the customer on the point the project has
produced the deliverables that meet the initial expectations of the
customer.
Deliverables acceptance
A formal statement of needs, rules, tests, requirements and
criteria
standards that must be used in reviewing project outcome and
coming to agreement with the customer on the point the project has
produced the deliverables that meet the initial expectations of the
customer.
Demotivated Project team Demotivated team can be a disaster for the project - the team
members produce less and less work.
Dependent variable
The variable that is being measured or tested in an experiment.
Deployment
The mechanism through which applications, modules, updates,
and patches are delivered from developers to users.
Descriptive analysis
The means of describing features of a data set by generating
summaries about data samples.
Design
A plan or specification for the construction of an object or system
or for the implementation of an activity or process or the result of
that plan or specification in the form of a prototype, product, or
process.
Design Plan
A drawing or outline made for the construction, modification,
demolition, relocation, use or reuse of a building, which shows
essential particulars of the various parts, dimensions and symbols
of materials, and functions of the building sufficiently complete for
such purpose.
Design stage
A stage within the implementation phase where the design of
project deliverables is finalized.
Design work
An area of research and practice within industrial and
organizational psychology, and is concerned with the "content and
organization of one's work tasks, activities, relationships, and
responsibilities.
Developing Schedule
The process of analyzing activity sequences, durations, resource
requirements, and schedule constraints to create the project
schedule model.
Difference-in-difference
A statistical technique used in econometrics and quantitative
research in the social sciences that attempts to mimic an
experimental research design using observational study data, by
studying the differential effect of a treatment on a 'treatment group'
versus a 'control group' in a natural experiment.
Dismantling
The process of disassembling or breaking up a product and
segregating its components. The segregated components can be
further dismantled individually in their sub-components.
Distressed Project
Whenever the performance of a project falls outside nominal
values, it is judged to be a project in distress.
Earned value
A measure of progress that expresses costs committed and work
achieved in the same units.
Earned Value
A project control process based on a structured approach to
Management (EVM)
planning, cost collection and performance measurement. It
facilitates the integration of project scope, time and cost objectives
and the establishment of a baseline plan of performance
measurement.
A method that allows the project manager to measure the amount
Earned Value Analysis
of work actually performed on a project beyond the basic review of
cost and schedule reports. EVA provides a method that permits the
project to be measured by progress achieved.
Enterprise Environmental The factors that originate from outside of the project or
organization.
Factors
Enterprise Resource
Planning (ERP)
Enterprise risk
management
Environmental analysis
The integrated management of main business processes, often in
real time and mediated by software and technology.
The process of planning, organizing, directing and controlling the
activities of an organization to minimize the deleterious effects of
risk on its capital and earnings.
A strategic technique used to identify all internal and external
factors that could affect a company's success.
Environmental impact
As any change to the environment, whether adverse or beneficial,
resulting from a facility’s activities, products, or services.
Equity finance
A way of funding a business or a business project.
Estimate at completion
The current expectation of total cost at the end of a project.
Estimated Delay
The length of time that extends the project duration and causes a
disruption in the delivery of project goals and objective.
Estimating
Evaluation Criteria
Executing process group
The process of finding an estimate or approximation, which is a
value that is usable for some purpose even if input data may be
incomplete, uncertain, or unstable.
A benchmark, standard, or factor against which conformance,
performance, and suitability of a technical capability, activity,
product, or plan is measured.
Where the actual work of the implementation of the project occurs.
The team established in each of the part of project and which is
responsible for implementation of each part of project.
A means of leaving one's current situation, either after a
Exit Strategy
predetermined objective has been achieved, or as a strategy to
mitigate failure.
Setting up a new network and connecting it to the existing network
Expansion
to expand the capacity, features, services and reachability or
coverage of the system or the service.
A type of capital investment project, designed to help a company
Expansion project
expand and grow.
Expected Resolution Date The date for which the Risk or Issue is resolved or mitigated in
project progresses.
A technique in which judgment is provided based upon a specific
Expert judgment
set of criteria and/or expertise that has been acquired in a specific
knowledge area, application area, or product area, a particular
discipline, an industry, etc.
Project evaluation conducted sometime after implementation of the
EX-Post Evaluation
project to assess long term impact and sustainability.
The relationship between project activities and non-project
External Dependency
activities.
A group of factors or conditions that are outside the organization
External environment
but affect it in some extent. In business, this term commonly
applies to elements related to out of control dimensions such as
society, economy, regulations and political system.
External evaluation
An evaluation of a program that is conducted by an. individual(s)
who is external to the program.
Things outside a project that will have an impact on its success.
External factor
Execution Team
External Funding
External Project Manager
External Supplier
Any funding or assistance provided for any Project or to any Party
for use in respect of any Project by a Third Party.
Independent of the company’s hierarchy and has no other goals
than to complete the project within time and budget.
Any agent, sub-agent, sub- contractor, nominee, administrator,
third party supplier or other service provider appointed or engaged
from time to time by the Platform Provider, to supply or provide
products and services to the Platform Provider in connection with
the Platform and Products and Administration Services or any
other products or services arising out of this Agreement.
External validity
The extent to which results from a study can be applied (generalized) to other
situations, groups, or events.
Fallback Plans
Created to manage risks if the contingency plan becomes
ineffective or it fails.
A formal document in the Initiation Phase that analyzes and
discusses the technical feasibility of a project.
The products purchased for own use and not for resale, or a
product that is ready for sale without significant further processing.
Feasibility Study
Final product & service
Final project evaluation
Financial Analysis
Financial contingency
Financial Feasibility
Financial Sources
Financial Viability
Finish to finish (FF)
Finish to start (FS)
Formative Evaluation
Forecast
Functional organization
Functional Project
Structure
Functional teams
Functional unit
Forms the basis for the project closure decision. It gives the project
sponsor information on the target/actual comparison with regard to
the project and procedure objectives in terms of deliverables,
scheduling and finances.
The process of evaluating businesses, projects, budgets, and other
finance-related transactions to determine their performance and
suitability.
The same where future events, problems or emergencies will be
possible but cannot be predicted when it will occur.
The ability of a project to achieve sufficient income, credit, and
cash flow to financially sustain the project over the long term and
meet all debt obligations.
Where a projects gets money from to fund their the project
activities.
The ability of an entity to continue to achieve its operating
objectives and fulfill its mission from a financial perspective over
the long-term.
Indicates that the finish date of the predecessor task determines
the finish date of the successor task.
The predecessor ends before the successor can begin when
managing the project.
Generally any evaluation that takes place before or during a
project’s implementation with the aim of improving the project’s
design and performance.
The process of making predictions, guesses, or assumptions of the
possible outcomes of a project.
A hierarchical organization where each employee has one clear
superior, and staff are grouped by areas of specialization and
managed by a person with expertise in that area.
Composed by project team members allocated according to the
different functional units of an organization.
Refers to teams in the workplace composed of organizational
members that work towards achieving a common organizational
goal.
Refers to the product, service, or system whose impacts are
calculated by a life-cycle assessment.
Funding
Gant Chart
Governance
Governance Guideline
Governing principle
Handover
High Impact Performance
Project
High Level Design
Higher Management
The act of providing resources to finance a need, program, or
project.
A project management tool assisting in the planning and
scheduling of projects of all sizes, although they are particularly
useful for simplifying complex projects.
The process of decision-making and the process by which
decisions are implemented.
Concerns areas of corporate governance that are specifically
related to project activities.
Governance encompasses the processes by which company is
directed, controlled and held to account. It includes the authority,
accountability, leadership, direction and control exercised in a
company.
The point in the project management lifecycle when the completed
tasks are being transferred to the deliverable owner.
An initiative with a project team that is organized to achieve a
specific set of quantifiable industry breaking performance
outcomes.
A general system design and includes the description of the
System architecture and design.
The decision-making process at the level of top management.
Decision
Impact
Impact Assessment
Impact evaluation (IE)
Impact Evaluation Report
Impact indicator
Impact Summary
Implementation
Implementation
Evaluation
An assessment of the adverse effect of the risk occurring. Used in
risk analysis as one part of the assessment of a risk, the other
being likelihood.
An evaluation whose purpose is to attribute outcomes and impacts
to project operations.
To attribute impacts to a project using a comparison group to
measure what would have happened to the project beneficiaries
had it not taken place.
Provides information about the observed changes or 'impacts'
produced by an intervention. These observed changes can be
positive and negative, intended and unintended, direct and indirect.
Helps to determine whether and to what degree project is achieving
results and how the Project Contributes to Higher-Level Strategic
Goals.
A brief summary, in lay terms, of the economic, environmental,
and/or social impact of our efforts.
The realization of an application, or execution of a plan, idea,
model, design, specification, standard, algorithm, or policy.
Determines whether program activities have been implemented as
intended.
Implementation
monitoring
A management tool for tracking progress of on-going projects and
is an integral part of project execution.
Implementation phase
Putting the project plan into action.
Implementation plan
A document that outlines the steps the team should take to
accomplish a shared goal or initiative
The actions taken to enhance adoption, implementation, and
sustainability of evidence based interventions.
The system is developed in chunks, iteration by iteration. Each
iteration results in an increment, which is a “release” of the system
that contains added or improved functionality compared with the
previous release.
Are clues, signs or markers that measure one aspect of a program
and show how close a program is to its desired path and outcomes.
Internal projects or administrative projects, have a cost impact but
don't generate revenue.
The rate of increase in prices over a given period of time.
A general increase in the prices of goods and services in an
economy.
The set of facilities and systems that serve a country, city, or other
area, and encompasses the services and facilities necessary for its
economy, households and firms to function.
An in-house project is a project developed inside one company and
for its own benefits. In other words, an internal project.
The specific, tangible outcomes that will be produced and delivered
by the project.
The process of reviewing and examining the final product to assess
compliance to initial requirements and expectations.
Refers to the particular configuration of a software or hardware
with a view to making it usable with the computer.
Involves coordinating all elements of a project, including tasks,
resources, stakeholders, and deliverables. The purpose of project
integration management is to ensure that processes run efficiently
and meet predefined goals.
A statement of what a project team will specifically know and be
able to do as a result of participating in the activities planned in the
project.
Intention is a thing or plan intended, or something that is wanted
and planned to do.
The process of verifying cause-and-effect relationships in
research.
Checks a company's internal controls, corporate governance, and
accounting processes.
Implementation strategy
Incremental
Indicators
Indirect Project
Inflation
Infrastructure
In-house project
Initial Project Objectives
Inspection
Installation/new
Integrated project
management plan
Intended outcome
Intention -to-treat
internal validity
Internal Audit
Refers to an evaluation conducted by an organization or
program/project staff in which the evaluators are directly
accountable to the organization being evaluated.
The process of a firm using its profits or assets as a source of
Internal Funding
capital to fund a new project or investment. Internal sources of
finance contrast with external sources of finance.
Internal rate of Return A metric used in financial analysis to estimate the profitability of
potential investments.
(IRR)
Internal Evaluation
Interpersonal
The ability to interact with others and with the community.
Competency
The action of becoming intentionally involved ina difficult situation,
in order to improve it or prevent it from getting worse.
Intervention Management Intervention strategies is a plan for staff action that outlines
methods, techniques, cues, programs, or tasks that enable the
Strategies
child to successfully complete a specific goal.
Is used broadly to include any committee (such as finance or audit
Investment Committee
committee) with responsibility for the management of the financial
assets of a not-for-profit organization.
A project document where all issues that are negatively affecting
Issue log
the project are recorded and tracked.
Refers to the process of repeating coded instructions or designs
Iteration
until a specific end result and quality product are achieved.
The practice of refining and improving a product, process, idea or
Iterative process
initiative through multiple iterations.
A joint evaluative effort by more than one entity of a topic of mutual
Joint Evaluation
interest or of a program or set of activities which are co-financed
and implemented, with the degree of 'jointness' varying from
cooperation in the evaluation process, pooling of resources, to
combined reporting.
Is about trying to explain why needed to implement a particular
Justification
solution to the problem which narrated in project proposal.
Intervention
The key events and stages of completion to be achieved
throughout the carrying on of the Works in accordance with the
Master Schedule.
Key performance indictor A metric for measuring project success. Key performance
indicators are established before project execution begins.
(KPI)
Key Milestones
Key stakeholders
Kick off meeting
A party that has an interest in a company and can either affect or
be affected by the business.
The first meeting between a project team and stakeholders and
serves to review project expectations and to build enthusiasm for
a project.
An identified area of project management defined by its knowledge
requirements and described in terms of its component processes,
practices, input, outputs, tools, and techniques.
A project which need huge number of resources, assets, and
Large Project
money.
Are in charge of setting the direction for the team members and
Lead project team
sets up the expectations for the team members.
Documented experiences that can be used to improve the future
Lesson Learned
management of projects, programs and portfolios.
Lessons Learned Register A project document used to record knowledge gained during a
project so that it can be used in the current project and entered into
the lessons learned repository for future projects.
A contractual payment undertaking issued by a financial institution
Letter of Credit (LC)
on behalf of a buyer of goods for the benefit of a seller, covering
the amount specified in the credit, payment of which is conditional
on the seller fulfilling the credit’s documentary requirements within
a specific timeframe.
Framework of processes and activities concerned with the life cycle
Life Cycle Model
that may be organized into stages, which also acts as a common
reference for communication and understanding.
Follow the waterfall approach to project management. That is, the
Linear project
activities for completing the project are sequential and each
separate activity follows in a more-or-less precise order.
Referred to as liquidated and ascertained damages, are damages
Liquidated Damage (LD)
whose amount the parties designate during the formation of a
contract for the injured party to collect as compensation upon a
specific breach.
A document that gives an overview of the objectives, activities and
Logical framework
resources of a project.
A management tool for effective planning and implementation of
Logical framework
developmental projects.
analysis
Knowledge area
Low Level Design (LLD)
Magnitude of scope
changes
A component-level design process that follows a step-by-step
refinement process.
Change of magnitude the act of changing the amount or size of
something.
Manage risk
The identification, evaluation, and prioritization of risks followed by
coordinated and economical application of resources to minimize,
monitor, and control the probability or impact of unfortunate events
or to maximize the realization of opportunities.
Manage project team
Tracks team member performance, provides feedback to the team
members, resolves issues, manages changes to optimize project
performance, and may also involve disciplinary escalations to the
functional manager.
Management reserve
Mandatory Dependency
Material Inbound
Material Requisition
Material Resource
Matrix of outcomes
Matrix Project Structure
Medium Project
Meta-evaluation
Midterm Evaluation
Migration
Milestone
Milestone Chart
Milestones list
Minimum viable product
Mitigate
An amount of the contract budget set aside by the project manager
at the beginning of a project.
Refers to a relationship that is inherent in the nature of work.
Raw materials or goods coming in from suppliers. Finished
products going out to customers.
A procurement document prepared and developed by engineering
disciplines that is used to request proposals for technical supplying
or manufacturing requirements.
The supplies or other consumable items used to complete tasks in
a project.
A practical tool to help social impact organizations plan and
measure their social impact in terms of outcomes.
A combination of the functional and divisional organizational
structures.
A focused set of deliverables requiring a significant amount of
work. Generally take 3-6 months.
An instrument used to aggregate findings from a series of
evaluations.
Aim to assess the continued relevance of an intervention and the
progress made towards achieving its planned objectives and
conducted for an ongoing program or project.
The shifting of data or software from one system to another. (IT)
Movement from one part of something to another.
A specific point within a project's life cycle used to measure the
progress toward the ultimate goal.
A horizontal chart that marks the most important steps of the
project.
A project management document that identifies all project
milestones.
A product that has enough functionality and features so that early
adopters are likely to use it or even purchase it.
Reducing risk of loss from the occurrence of any undesirable event.
Has multiple lines of authority with some employees reporting to at
least two manager.
A process used to compare the value of different statistical models
Model Selection
and determine which one is the best fit for the observed data.
The process of monitoring project stakeholder relationships and
Monitor stakeholder
tailoring strategies for engaging stakeholders through modification
engagement
of engagement strategies and plans.
The regular observation and recording of activities taking place in
Monitoring
a project or program.
Monitoring and evaluation One part of an M&E plan, which describes how the whole M&E
system for the program or organization works.
(M&E) framework
Mixed Project Structure
Monitoring risk
Move
Negative event
Net present value (NPV)
Network Diagram
Non-Human Resources
Novice Project Concepts
Null hypothesis
Obsolete technology
Open issue
Open Project
Operational manuals
opportunity-risk
Optimization
Oracle Project
Management
Organizational Process
Assets
Organizational project
management
The process which tracks and evaluates the levels of risk in an
organization.
Changing the location of network element from its original location
to another location or destination.
Refer to any occurrence in a person's life that had changed their
life for the worse, either objectively or in their subjective perception.
A concept that compares the present value of a unit of currency to
its inflation-adjusted possible value in the future.
A model of activities and their dependencies used in scheduling.
Also known as a Precedence network.
Refer to those resources that are outside human beings , such as
time, money, properties, goods, services and community facilities.
Developing an innovative business model for company.
A type of statistical hypothesis that proposes that no statistical
significance exists in a set of given observations.
Obsolete refers to outdated computer hardware, software,
technology, services or practices that are no longer used, even if
they are in working condition. A technology often becomes
obsolete when replaced by a newer or better technology.
Anything that needs to be decided or figured out but hasn't
happened yet.
An open source project management solution that offers features
such as issue tracking, document management, time and cost
reporting, and code management.
The documentation by which an organization provides guidance for
members and employees to perform their functions correctly and
reasonably efficiently.
Defined as an uncertainty that if it occurs would have a positive
effect on achievement of project objectives.
The process of fine-tuning a business strategy or process in order
to improve efficiency or reduce costs. This can be done by using
resources more efficiently, cutting costs, or investing in laborsaving technologies. (in business)
Refers to the tools, techniques, and best practices used to monitor
and enhance network performance.(technology )
Empowers project managers to plan the work, assign resources,
forecast to completion, and communicate to stakeholders, while
streamlining the collaborative execution of project work.
The specific set of formal and informal plans and processes in use
at an organization, are essentially the unique knowledge and
processes that facilitate an organization’s operations.
A strategic approach that emphasizes the effective management
of projects, programs, and portfolios as the best way to pursue
organizational objectives.
Organizational strategy
Out of scope
Outcome
Outcome Evaluation
Report
Output
Outstanding Issue
Owner
Parametric estimating
Participatory evaluation
Participatory monitoring
and evaluation
Payback period
Pending Issues
Pending project
Performance Report
Phase
Phase gate
Physical Performance
physical resource
Management
A long-term plan that allocates how a company plans to use its
resources to support business activities.
Anything that falls outside the original agreed-upon boundaries for
a project.
The events, occurrences, or changes in conditions, behavior, or
attitudes that indicate progress toward a project's goals.
A method of determining how well a program achieved its
objectives by measuring results.
In project management, an output is the (usually physical) end
product of a process.
An issue is an important subject that people are arguing about or
discussing.
The person or organization for which the project is ultimately
undertaken and who will own, operate and benefit from the facility
in the long term.
A technique for estimating cost and duration based on using
historical data to establish relationships between variables for
example, calculating unit costs and the number of units required to
complete a similar activity.
An approach to program evaluation. It provides for the active
involvement of stakeholder in the program: providers, partners,
beneficiaries, and any other interested parties.
About engaging different stakeholders, especially targeted
beneficiaries, in monitoring and evaluation processes.
The time required to recover the initial cost of an investment and
also it is the number of years it would take to get back the initial
investment made for a project.
A problem that has been encountered in executing project activities
and not yet decided, confirmed, or finished.
Represents a project that has been added to the workspace, but
not yet approved to execution.
Report states what is expected to happen on a project, predicting
future performance and expected status of the project.
A distinct stage in a project life cycle.
An end-of-phase checkpoint where the project leadership reviews
progress and decides whether to continue to the next phase,
revisits work done in the phase, or ends the project.
Actual performance of work on a project that can be measured, for
example, the number of drawings produced or lines of code written.
The process of managing the physical resources needed for the
project.
Plan
Plan project
Planned performance
Planned value
Planning
Planning process group
Portfolio
Portfolio management
Portfolio managers
Post-implementation
Post-implementation
review
An proposed future course of action and It is commonly understood
as a temporal set of intended actions through which one expects
to achieve a goal.
A series of formal documents that define the execution and control
stages of a project.
Refers to a company's formal process of identifying and planning
either an individual's or organization's goals and the best way to
reach them.
The cost profile of a resource-optimized schedule used as the
baseline to monitor actual spend and earned value. Alternatively
called the budgeted cost of work scheduled.
Determines what is to be delivered, how much it will cost, when it
will be delivered, how it will be delivered and who will carry it out.
All about thinking through how to get to the final project
deliverables and consists of those processes that establish the
total scope of the effort, define and refine the objectives, and
develop the course of action required to attain those objectives.
A collection of projects and/or programs used to structure and
manage investments at an organizational or functional level to
optimize strategic benefits or operational efficiency.
The selection, prioritization and control of an organization’s
projects and programs in line with its strategic objectives and
capacity to deliver.
Responsible for investing a fund's assets, implementing its
investment strategy, and managing the day-to-day portfolio
trading.
A process to evaluate whether the objectives of the project were
met, conducted after completing a project and Its purpose is to
evaluate whether project objectives were met, to determine how
effectively the project was run, to learn lessons for the future, and
to ensure that the organization gets the greatest possible benefit
from the project.
A process to evaluate whether the objectives of the project were
met.
Post Project Evaluation An examination of a project, which takes place after it has been
implemented. And PPE is concerned with comparing estimated
(PPE)
and actual factors (i.e. objectives, costs, benefits, risks etc.)
Post Project Review
Project champion
Project concept
To review the completed project and find lessons learnt on what
went well and what could be done better.
The team member at the helm of a project management project.
This is the person who makes sure everyone is on board and on
track to complete the project successfully and on time.
A statement that gives a program or project its direction, depth and
meaning & the basic purpose, scope, and objectives of the project.
Project Identification
Stages
Project Integration
management
Project objectives
Project program and
portfolio (PPP) Manager
Define the basic lines of a project among all the parties involved,
based on a joint analysis of felt needs and a commitment on the
intervention strategy to be followed to meet these needs.
An organized approach that ensures all process within a project
are synchronized and executed efficiently, and resources remain
on track to achieve the project goals and the coordination of all
elements of a project.
Are what project planner plans to achieve by the end of the project.
Responsible for providing technical and facilitation support of PPPs
as well as project management support for the project team.
Precedence Diagramming The process of constructing a project schedule network diagram
and It illustrates the logical relationships between project activities,
Method (PDM)
shows the order in which they must be performed by using nodes
to represent activities and arrows to show dependencies.
A preliminary study undertaken to determine, analyze, and select
Pre-Feasibility Study
the best business scenarios.
To determine the type of work and tools that will be used, as well
Pre-implementation
as the goals of the project and its assumptions.
analysis
Preventative Action
Prince2
Priority
Procurement
Procurement process
Product
Product backlog
Product Description
Project budget
A step taken to ensure future work does not stray from
performance expectations. A preventive action, which is proactive,
is not the same as a corrective action, which is reactive.
Is a project management methodology that emphasizes business
justifications for projects.
Refers to the urgency and importance of a task or project. Project
managers use priority to determine who will take ownership of each
task and when to expect results.
The process by which products and services are acquired from an
external provider for incorporation into the project, program or
portfolio.
The series of processes that are essential to get products or
services from requisition to purchase order and invoice approval.
A tangible or intangible component of a project’s output. Used
interchangeably with deliverable and output.
Lists and prioritizes the task-level details required to execute the
strategic plan set forth in the roadmap.
The description of the purpose, form and components of a product
and it should always be used as a basis for acceptance of the
product by the customer.
A detailed plan that outlines the anticipated costs required to
complete all tasks associated with the project.
Project budgeting
Project Deviation
Post-Evaluation
project execution
Post Implementation
Pre-implementation
assessment
Prevention strategies
Prioritization Criteria
Project Lifecycle
Project management
effectiveness
Project Performance Plan
Project progress
The process of estimating how much a project will cost from start
to finish and to determine the budget for a project, teams consider
the cost of completing each stage of the project, roughly how long
it'll take to complete, and potential roadblocks that could hinder
progress.
Any deviation from the original project proposal, the service
request proposed to the business by the client, and the initial
project plan, the blueprint that denotes the way in which the project
has been outlined in order to reach its completion.
Evaluate the effectiveness of the project in realizing the proposed
benefits as outlined in the economic appraisal.
The phase in the project life cycle when the work is performed, and
everything in the project plan is put into action.
An assessment conducted at the end of a project cycle to
determine if the project was indeed successful.
To identify the nature of the settings and to understand the fit
between the intervention and the settings' capacity to deliver in
terms of reach, engagement and other markers of readiness.
Prevention strategies are proactive practices and processes that
can employ to significantly reduce the number of projects that
become distressed.
A business analysis tool that, using specific criteria, allows
individuals and project teams to objectively compare choices and,
thus, determine which projects are urgent and critical.
The sequence of phases through which a project progresses and
It includes initiation, planning, execution, and closure.
Refers to the success of the project, both the success of the project
and the career path of the project manager can depend upon the
working relationships and expectations established with upperlevel management.
One of the project management document you can create with our
project management lifecycle tool. Project Performance Plan
defines the performance goal for each of the business objective.
A degree to which a project is developed and completed up to a
moment, and a progress achieved up to certain moment means a
condition and amount of work recently completed.
A document that explains how much progress project team has
Project progress report
made towards completing an ongoing project.
A document or set of documents that clearly communicates and
Project Proposal
defines project and idea.
Refers to how well a product satisfies customer needs, serves its
Product quality
purpose and meets industry standards.
Project Quality Assurance A series of actions designed to ensure the final outcomes of a
project meet the expected requirements.
Management
Project Quality Control
Project Quality
Management
Project requirements
Project resource
management
Project Resource
Planning
Project Revision
Project Risk
A process that involves inspecting, testing, and reporting outputs
to ensure that they meet the requirements of the project.
The process of continually measuring the quality of all activities
inside project and taking corrective action until the team achieves
the desired quality.
The features, functions, and tasks that need to be completed for a
project to be deemed successful (or to at least be wrapped up).
The process of planning, organizing, scheduling and managing a
project's resources; people, tools, equipment, technology, and
facilities in the most efficient way.
The process of determining how a business will allocate resources
in a project, such as assigning tasks to individuals based on their
skills and availability.
A structured and objective analysis of a projects ability to deliver
depending on the scope and context.
An uncertain event that may or may not occur during a project.
A process of identification, classification, and quantitative and
qualitative analysis of risks affecting projects.
Project risk identification The process of determining which risks may affect the project and
documenting their characteristics
process
Project Risk assessment
The process that project managers use to manage potential risks
that may affect a project in any way.
Project Risk management A shared set of processes, knowledge, attitudes, beliefs and values
about how to deal with risk in the project.
culture
Project Risk management
Project Risk management Mitigates the impact of negative project risk on the selected
projects and exploits the opportunities offered by positive project
governance
risk.
Project Risk Management Defines how the project's risk management process will be
executed.
Plan
Project Risk management The practice of identifying, evaluating, and preventing or mitigating
risks to a project that have the potential to impact the desired
practice
outcomes.
Project Risk management The process of identifying, analyzing and responding to any risk
that arises over the life cycle of a project to help the project remain
process
on track and meet its goal.
Project Risk management The process of proactively identifying, assessing, and responding
to project risks before they cause any serious issues or impact the
strategy
project completion timeline.
Project Risk mitigation The practice of reducing the impact of potential risks by developing
a plan to manage, eliminate, or limit setbacks as much as possible.
strategy
Project Risk parameters
Project Risk Response
Project Risk source
Project Risk treatment
Project Risks
Project roadmap
Project roll out (PRO)
Project Schedule
Project Schedule
Management
Project scope statement
Project scope
Project Screening
Project Selection
Project Site
Project Site Cleaning
Project Size
Project Sponsor
Project Stakeholder
Engagement
Risk parameters are used to provide common and consistent
criteria for comparing risks to be managed in the project.
The process of developing options and determining actions to
enhance opportunities and reduce threats to the project`s
objectives.
Fundamental drivers that cause risks in a project or organization
and there are many sources of risks, both internal and external to
a project.
The process of selecting and implementing of measures to modify
risk.
A uncertain event or condition that, if it occurs, has
a positive or negative effect on one or more project
objectives" (such as scope, schedule, cost, and quality).
A one-page graphical overview that presents high level goals and
deliverables on a timeline.
The beginning of any logistical project, the start of a new display
marketing campaign, or the launch of a new product.
A timetable that organizes tasks, resources and due dates in an
ideal sequence so that a project can be completed on time.
The listing of activities, deliverables, and milestones within a
project.
Provides a detailed description of the work that must be done to
deliver the output of a project on time and within the allotted budget
A part of the project planning process that documents specific
goals, deliverables, features, and budgets.
A preliminary assessment or examination of the project suitability
for the selection and application process or development
methodology that evaluates or investigates many project
candidates.
The evaluation of project ideas to help decide which project has
the highest priority.
Used to capture tasks and assign them to people in the
organization, store and manage project-related documentation,
and track project team events on a common calendar .
Removing all wastes from the project site.
A process of defining and estimating the extent to which project
management practices are formally applied throughout a project.
A person or group who owns the project and provides resources
and support for the project, program or portfolio in order to enable
its success.
A process of managing stakeholders to win their support for the
project.
Project Stakeholder
management
Project Stakeholder’s
The process of organizing communication with stakeholders and
managing stakeholder expectations.
To help achieve a project's strategic objectives.
roles
Project Status Report
Project Steering
Committee
Project success
Project Support bodies
Project Tasks
Project Team
Project Termination
Manager
Project Termination Plan
Project Threshold
Project Tolerance
Project Training Plan
Project Transition Plan
Project User
Project with high impact/
Project work experience
Project’s boundaries
A document that describes the progress of a project within a
specific time period and compares it against the project plan.
An advisory group that makes directional decisions on various
organizational projects.
On time, within budget, to specification completion; success of the
product produced; or success in achieving the business objectives
of the project.
A local structure close to the project team members and
stakeholders.
A unit of activity that must be completed in order to execute a
project.
The group of people responsible for executing the tasks and
producing deliverables outlined in the project plan and schedule,
as directed by the project manager, at whatever level of effort or
participation defined for them.
Whose primary responsibility is to effectively and efficiently end
projects.
A situation when a given project is supposed to be closed or
finalized because there's no more need or sense for further
continuation.
The limit of an acceptable cost or expenditure in project
management.
The permitted (approved) deviation from planned parameter of
project.
A living document that is created while the project/program is in
planning.
A strategic plan that enables a smooth transition from a project's
implementation to its maintenance within a company or
organization.
The person or organization that will use the project's product or
service.
An initiative with a project team that is organized to achieve a
specific set of quantifiable industry breaking performance
outcomes.
Refers to time spent planning, leading, directing, and managing
projects.
The defined identifiers of what clients and project professionals
have determined is included within project work. Within the project
Project’s champion
Project closeout report
Project’s completion
Project completion report
Projectized Project
Structure
Propensity score
matching
Proposed project
Prove Materials
Purchase order
Quality
Quality assurance
Quality assurance
appraisal
Quality Assurance
Approach
Quality Assurance Report
Quality Control Approach
Quality Defects
scope statement, those completing the project can include a
project boundaries identification section that clearly defines the
extent of project work expectations.
The person within an organization implementing a project who
takes on the burden of ensuring everyone involved is on board and
behind the ultimate success of the project.
A comprehensive document that details important project aspects
and records variances surrounding a project's budget, timeline and
scope.
The date operations of the project are initiated or are capable of
being initiated, whichever is earlier.
A structured reporting format document as the final milestones of
project prepared by the project manager.
An organizational structure in which the project manager has full
authority to assign priorities, apply resources, and direct the work
of persons assigned to the project.
A statistical matching technique that attempts to estimate the effect
of a treatment, policy, or other intervention by accounting for the
covariates that predict receiving the treatment.
An eligible activity for which an eligible applicant has submitted a
single application for funding of a single project.
Materials owned, developed or obtained by or for Prove
independently of the Services.
A document that outlines the steps necessary to procure a product
or service from a supplier.
The degree to which a set of inherent characteristics
fulfills requirements.
The process of evaluating overall project performance on a
regular basis to provide confidence that the project will satisfy the
relevant quality standards.
Occurs during the implementation phase of the project and
includes the evaluation of the overall performance of the project on
a regular basis to provide confidence that the project will satisfy the
quality standards defined by the project.
Refers to the process or actions taken to ensure a product meets
all of its requirements.
Keeps track of errors and best practices identified during the
project audit.
A procedure or set of procedures intended to ensure that a
manufactured product or performed service adheres to a defined
set of quality criteria or meets the requirements of the client or
customer.
Imperfections in the requirements and specifications of raw
materials and final products.
Quality Management
Quality management plan
Quality measure
Quality Metrics
Quality objective
Quality of product
Quality planning and
control
Quality Reports
Quality Team
A discipline for ensuring the outputs, benefits and the processes
by which they are delivered, meet stakeholder requirements and
are fit for purpose.
A quality management plan identifies stakeholders’ quality
expectations and details quality assurance and quality control
policies to monitor results and meet these expectations. It is part of
a project management plan.
The determined by the nature of the problem and the desired goal
for improvement of project.
The measurements of the value and performance of products,
services and processes.
The measurable goals relevant to enhancing customer satisfaction
and are consistent with the quality policy.
Refers to how well a product satisfies customer needs, serves its
purpose and meets industry standards.
Quality Planning provides a system that is capable of meeting
quality standards. Quality Control is used to determine when
corrective action is required.
A project document that includes quality management issues,
recommendations for corrective actions, and a summary of findings
from quality control activities and may include recommendations
for process, project, and product improvements.
Responsible for promoting a quality culture throughout the unit.
Qualitative descriptive
analysis
Rapid appraisal
Generates data that describe the 'who, what, and where of events
or experiences' from a subjective perspective of the project.
A less structured data collection method aimed at supplying
needed information in a timely and cost-effective manner.
Realistic Project
The methodology addresses the entire project management
lifecycle from initial stakeholder alignment, to schedule
development, through the control process.
Reassign/Disband Project After reviewing the performances product/service, celebrating and
acknowledging the achievements of project, and rewarding the
Team
people.
Restoring a system that was down due to fault to its working
Recovery
condition.
Used for analyzing different factors that might influence an
Regression analysis
objective; such as the success of a product launch, business
growth, a new marketing campaign and determining which factors
are important and which ones can be ignored.
Regression discontinuity A causal inference technique that can be used with observational
data.
design
Regulatory Aspects
The mandatory rules that process should be follow in order to
receive that recognition.
Renovation
The action of restoring something that has been damaged to its
former condition. Any project to repair, rehabilitate, remodel,
renovate, reconstruct, or finish existing facilities or buildings; to
improve, replace, or add utilities or fixed equipment; and to perform
site improvement work, whereby the exterior dimensions of any
existing facilities or buildings remain substantially unchanged.
A project for which a company entity sought voter approval for
general obligation bond financing and failed to receive that
approval.
The act of moving or moving something or someone from one
place to another.
The act or process of repairing and improving something.
Reporting Period
The span of time covered by a set of financial statements.
Repository
A location, either real or virtual, where data is stored.
Requirement
A condition or capability that must be met or possessed by a
system, product, service, result, or component to satisfy a contract,
standard, specification, or other formally imposed documents.
Defines what is needed from the product. It states the product's
purpose and what it must achieve.
Rehabilitation
Rejected Project
Relocation
Requirement
documentation
Requirement
matrix
traceability A tool or a document that helps project managers establish and
track the project progress.
Reserve Plan
Residual Risk
Resource
Resource allocation
Resource assignment
Resource availability
Resource breaks down
structure
Resource calendar
Resource Identification
Provides the opportunity for management to focus attention and
resources on the major risks.
A risk that remains after risk responses have been implemented.
Skilled human resources (specific disciplines either individually or
in crews or teams), equipment, services, supplies, commodities,
material, budgets, or funds.
The process of assigning and managing assets in a manner that
supports an organization's strategic planning goals.
The direct association of a project team member to a leaf node
task.
The information about what resources are in use to service
projects, when, and under what conditions.
A hierarchical structure of resources by resource category and
resource type used in resource leveling schedules and to develop
resource-limited schedules, and which may be used to identify and
analyze project human resource assignments.
The timetable that shows how material and labor are consumed
during the course of a project.
Identifies the resources the project will need, how they will be
acquired, and how they will be managed.
Resource management
Resource management
plan
The practice of planning, scheduling, and allocating people,
money, and technology to a project or program.
Documents the resources (human, material, and financial) required
for a project's successful completion.
Defined by the Project manager to establish the resources needed
to execute the work on the project.
A Key Performance Index(KPI) that measures how effectively each
Resource utilization
resource is utilized against availability or capacity.
Responsibility assignment A project management chart used to identify and define the various
people and organizations and outline each of their roles in working
matrix.
on tasks or delivering a part of the project.
Responsibility matrix
A document correlating the work required by a work breakdown
structure element to the functional organizations responsible for
accomplishing the assigned tasks.
A tool that shows how a project team believes a particular action it
Result chain
takes will lead to some desired result.
A management strategy that focuses on performance and the
Result-based
achievement of results (outputs, outcomes and impacts).
management
Resource requirement
Retrospective
assessment
Retrospective evaluation
Return on Investment
(ROI)
Risk
Risk analysis
Risk appetite
Risk Assessment
Risk avoidance
Risk culture
A structured session that gives teams time to reflect on a
completed project, it allows a team and individuals to highlight both
the successes and failures of a project, identify areas that need
improvement, and reflect on the project as a whole.
A program evaluation which is used when programs have been
functioning for some time.
The expected financial gain of a project expressed as a percentage
of total project investment and it is used to assess the overall
profitability of a project.
The probability of occurrence of a specific event that affects the
pursuit of objectives of the project.
An examination of risk areas or events to assess the probable
consequences for each event (or combination of events in the
analysis), and determine possible options for avoidance.
The level of risk that an organization is prepared to accept in pursuit
of its objectives, before action is deemed necessary to reduce the
risk.
A systematic process that involves identifying, analyzing and
controlling hazards and risks.
A risk response planning technique for a threat that creates
changes to the project management plan that are meant to either
eliminate the risk or to protect the project objectives from its impact.
Generally, risk avoidance involves relaxing the time, cost, scope,
or quality objectives.
A shared set of processes, knowledge, attitudes, beliefs and values
about how to deal with risk.
Risk Event
Risk identification
Risk impact
Risk log/ register
Risk management
strategy
Risk mitigate
Risk mitigation strategy
Risk opportunity
Risk parameters
Risk Report
Risk repository
Risk response
A discrete occurrence that may affect the project for better or
worse.
The process of determining which risks might affect the project and
documenting their characteristics.
An estimate of the potential losses associated with an identified
risks.
The document containing the results of the qualitative risk analysis,
quantitative risk analysis, and risk response planning. The risk
register details all identified risks, including description, category,
cause, probability of occurring, impact (s) on objectives, proposed
responses, owners, and current status.
The process of proactively identifying, assessing, and responding
to project risks before they cause any serious issues or impact the
project completion timeline.
The act of revising the project’s scope, budget, schedule, or quality
in order to reduce uncertainty on the project.
Simply a contingency plan to minimize the impact of a project risk.
An uncertainty that if it occurs would have a positive effect on
achievement of project objectives.
Risk parameters are used to provide common and consistent
criteria for comparing risks to be managed.
A method of identifying risks tied to or potentially impacting an
organization's business processes.
A document that is used as a risk management tool to identify
potential setbacks within a project.
The process of implementing agreed-upon risk response plans.
implementation
Risk response plan
Risk Threshold
Risk Tolerance
Risk transfer
Risk Treatment
Robustness analysis
The process of developing options and determining actions to
enhance opportunities and reduce threats to the project`s
objectives.
The level at which the likelihood or impact of a risk becomes
significant enough that the risk manager deems a risk response
necessary.
The level of variation in performance measures that an
organization is willing to accept. It is not the same as risk appetite,
which is the level and type of risk an organization is prepared to
accept in anticipation of gains.
A risk management and control strategy that involves the
contractual shifting of a pure risk from one party to another
The process of selecting and implementing of measures to modify
risk. Risk treatment measures can include avoiding, optimizing,
transferring or retaining risk.
Provides an approach to the structuring of problem situations in
which uncertainty is high, and where decisions can or must be
Role evaluation
Rollout of the project
Root cause
Root cause analysis
Safety management
Schedule
Schedule baseline
Schedule Control
Schedule development
Schedule Forecasts
Schedule management
Schedule measure
Schedule Performance
Index
Schedule variance
Scheduling Workforce
staged sequentially and how the distinction between decisions and
plans can be exploited to maintain flexibility.
The method of determining the relative work value of a job (role)
through assessing the nature, impact and accountabilities of the
role.
The introduction of a new product to market, or the integration of
new internal operational processes, system, or policy.
An initiating cause of either a condition or a causal chain that leads
to an outcome or effect of interest. Used to describe the depth in
the causal chain where an intervention could reasonably be
implemented to improve performance or prevent an undesirable
outcome.
A project management methodology that attempts to get to the root
of a problem in order to eliminate it.
A standard documented process to identify health and safety
hazards and evaluate the risk associated with job tasks in the
workplace.
A list of planned activities or things to be done at or during a
particular time.
The original project schedule; approved by the project team,
sponsor, and stakeholders; by which performance is assessed.
Schedule baselines are generally inflexible, though alteration of a
schedule baseline via a formal change control process may be
allowed.
A process in project management that involves monitoring the
status of activities related to a particular project.
A formal process of developing and approving a schedule through
estimating and sequencing activities, durations and resources in
accordance with their dependencies set for the current working
environment (e.g. project, business workflow)
An estimate or prediction of a project's future schedule
performance based on information and knowledge available at the
time of the forecast.
The process of defining project tasks and their durations,
dependencies, and assigned resources in order to complete the
project within a designated time frame.
Refer to a set of verifiable measurement standards by which
efficiency, performance, state or quality of a schedule can be
identified and assessed.
A measure of the conformance of actual progress (earned value)
to the planned progress.
A calculation that measures whether a project is on track by
calculating actual progress against expected progress.
Defined as the process of establishing the schedules of hourly
workers to meet the current and future demands in a workplace.
Scope
Scope Baseline
Scope change
Scope change
management
Scope Creep
Scope definition
Scope Management
Scope of Work
Scope Statement
Scrum
Secondary Risk
Select Project
Selection bias
Selection Criteria
Sensitivity analysis
Social impact
The scope of a project constitutes everything it is supposed to
accomplish in order to be deemed successful.
The set of requirements, expectations, and work packages
approved as project deliverables. It is used to guide and assess
project performance.
An official decision made by the project manager and the client to
change a feature, to expand or reduce its functionality. This
generally involves making adjustments to the cost, budget, other
features, or the timeline.
Need to manage, control, and document all changes to the project
scope.
Refers to gradual changes in project scope that occur without a
formal scope change procedure. Scope creep is considered
negative since unapproved changes in scope affect cost and
schedule but do not allow complementary revisions to cost and
schedule estimates.
The process of developing a detailed project scope statement as
the basis for future project decisions.
The function of controlling a project in terms of its goals and
objectives through the processes of conceptual development; full
definition or scope statement; execution; and termination.
A guide to help project team understand what a project does and
doesn't cover.
A documented description of the project’s output or deliverables.
An Agile project management methodology involving a small team
led by a Scrum master, whose main job is to remove all obstacles
to getting work done.
A risk that arises as the result of implementing a risk response.
A process to assess each project idea and select the project with
the highest priority.
The bias introduced by the selection of individuals, groups, or data
for analysis in such a way that proper randomization is not
achieved, thereby failing to ensure that the sample obtained is
representative of the population intended to be analyzed.
Refers to the factors that a company weighs against each other to
determine their next project.
Allows to evaluate how the resulting performance of the project at
different values of given variables required for calculation. This
type of analysis to determine the most critical variables that have
the greatest effect on the feasibility and effectiveness of the project.
Defined as the effect on people and communities that happens as
a result of an action or inaction, an activity, project, program or
policy.
Spare Part
An extra piece, replaceable component, or identical to and
interchangeable with the item and the Spare Parts types in the
project are a construction spare, maintenance spare, capital spare
and insurance spare parts.
Sponsor
Sprint
Sprint planning
Stakeholder
Stakeholder Analysis
Stakeholder Management
Stakeholders’
engagement
Standardization
Start to finish (SF)
Start to start (SS)
Statement of the work
Status Report
Steering Committee
Stocked Inventory
Strategic Alignment
Strategic goal
Strategic Importance
Provide high-level direction, approve project funding as well as
deviations from cost and budget, and determine project scope and
are typically members of the senior management and are expected
to provide high-level support for a project.
In iterative project development, and a fixed unit of time during
which the project typically passes through a complete development
life cycle and it is usually a few weeks long.
A stage in Agile methodologies in which teams decide which tasks
to complete in an upcoming sprint and how that work will be
achieved.
Individuals or groups who have an interest or role in the project,
program or portfolio, or are impacted by it.
The identification of stakeholder groups, their interest levels and
ability to influence the project or program.
The process of identifying, prioritizing, and engaging stakeholders
throughout the product development process.
The systematic identification, analysis, planning and
implementation of actions designed to influence stakeholders.
To establish a set of rules, policies, and guidelines for the
processes, data, reports, and activities that need to be adhered to
by the organization.
In a start-to-finish relationship, a successor activity cannot finish
until a predecessor activity has started.
In a start-to-start relationship, a successor activity cannot start until
a predecessor activity has started.
A comprehensive and detailed list of deliverables expected under
a contract, with expected dates for each deliverable.
A collection of information about the current status of a project.
An advisory group that makes directional decisions on various
organizational projects.
Items which are held by Seller in stock on the Closing Date.
The project goals and objectives align directly with the larger
business goals and objectives of the organization.
The specific financial and non-financial objectives and results a
company aims to achieve over a specific period of time.
Allows teams to set proper expectations around what can be
delivered, by when, and for what cost.
High-level goals outlining what an organization wants to achieve,
with a clearly stated deadline.
An organization's process of defining its strategy or direction, and
Strategic planning
making decisions on allocating its resources to attain strategic
goals.
A bridge (or link) between strategy and execution. And visualizes
Strategic Road Map
the key outcomes that must be delivered over a particular time
horizon in order to achieve the organization's strategic vision.
Further classification available within primary and secondary
Sub portfolio
portfolios.
Subject Matter Expert A person who has demonstrated a competency and mastery in a
particular subject or topic.
(SME)
Strategic Objective
Subprogram
Subsidiary plan
Subsidiary portfolios
Substitution bias
Success Criteria
Success Factors
Supplier
Survey
Survey data
Sustainability
Swap
Task force
A program inside any larger program that can be reused any
number of times.
Any plan, program, policy, practice, contract, agreement or other
arrangement providing for deferred compensation, severance,
termination pay, fringe benefits or other employee benefits of any
kind for employees of any of the Company's Subsidiaries, whether
written or unwritten, funded.
A collection of components which includes programs, projects,
portfolios, and other work grouped together within a larger portfolio.
Describes a possible bias in economic index numbers if they do
not incorporate data on consumer expenditures switching from
relatively more expensive products to cheaper ones as prices
changed. Substitution bias occurs when prices for items change
relative to one another.
The standards/levels by which to judge whether an objective/goal/
target/outcome has been achieved/successful
Any knowledge, skill, trait, motive, attitude, value or other personal
characteristic that is essential to perform the job or role and that
differentiates solid from superior performance.
A person, business, or entity that provides products or services to
another entity.
A data collection tool that lists a set of structured questions to which
respondents provide answers based on their knowledge and
experiences
The results which are get from gathering responses from research
participants.
Refers to the ability to maintain or support a process continuously
over time.
A memory management scheme in which any process can be
temporarily swapped from main memory to secondary memory so
that the main memory can be made available for other processes.
A group of people who deal with a specific problem.
Task list
A prioritized set of activities team need to do to complete a project.
Task management
The process of monitoring the project's tasks through their various
stages from start to finish.
Documents that define the purpose of the team, how it will work,
and what the expected outcomes are.
Refers to the sharing of ideas and opinions between professionals
who are working on similar or related tasks.
An undesirable, interpersonal problem that occurs between two or
more members of the same project team, and affects results of
teamwork.
A documented list of project team members, their project roles, and
communication information.
The individuals who actively work on one or more phases of the
project.
Serves as the guidelines and ground rules to help the project team
work most productively together over the course of the project.
Team charter
Team communication
Team conflict
Team directory
Team Members
Team operating
agreement
Team Performance
Technical adequacy
Technical assessment
Technical Feasibility
Technical Requirement
Technical Specification
Technology
Telecom Industry
Telecom Project
Tender
Term of reference
Terminated project
Defined as the extent to which a team is able to meet its output
goals.
A measure of the reliability and validity of an assessment tool
The crosscutting process used to help monitor technical progress
of a program/project through periodic technical reviews and
through monitoring of technical indicators.
Lays out details on how a good or service will be delivered.
The factors required to deliver a desired function or behavior from
a system to satisfy a user's standards and needs.
A detailed and comprehensive document that describes all
technical procedures related to product development.
The application of scientific knowledge for practical purposes or
applications.
A broad field encompassing the transmission of information over
radio, telephone, video or other technical communication systems.
Any facilities for each single project or multi-project program for the
provision of telecommunications service of a project party that is a
telecommunications carrier or a telecommunications common
carrier.
A document proposing to meet a specification in a certain way and
at a stated price, an offer of price and conditions under which the
tenderer is willing to undertake work for client.
Define the purpose and structures of a project, committee,
meeting, negotiation, or any similar collection of people who have
agreed to work together to accomplish a shared goal.
A project close, regardless of whether it's complete/not.
Terminating project
Termination
Test Conductor
Testing
Theory of change
Threat (Devastating
issues)
The unnatural completion of the project, which happens at any
stage of the project.
A situation when a given project is supposed to be closed or
finalized because there’s no more need or sense for further
continuation.
Helps tester create tests, organize and catalog the tests in a library,
associate them with any number of named regressions, and
schedule the tests to run unattended or on-demand.
The process of determining how aspects of a deliverable perform
when subjected to specified conditions.
A purpose driven model that shows how a plan/project/strategy/
intervention contributes to achieve the intended result – through a
chain of short-term, mid-term and long-term outcomes.
A negative risk event; a risk event that if it occurs will have a
downside/ detrimental effect on one or more objectives.
An estimate in which optimistic best case, pessimistic worst case
and most likely values are given.
To-complete performance A calculated forecast of the cost performance index (CPI), which
shows the work needed to be completed for a project to be
index
delivered successfully.
Comprises of a project leader, who has a time-boxed business
Transversal project
goal, and one or many contributors without whom the project leader
cannot do much.
The sets of participants in a research study that are exposed to
Treatment group
some manipulation or intentional change in the independent
variable of interest.
Used to forecast future performance based on past results.
Trend Analysis
Three-point estimate
Uncertainty
Unforeseen circumstance
Unique product
Upgrade
User acceptance testing
Validated business case
Probability that the objective function will not reach its planned
target value, or as an unknown probability of occurrence of an
event.
A situation that the party did not see coming. It was not expected.
This phrase is used when the ordinary course of things or plans
that have been made are regrettably altered or cancelled due to
something happening that wasn’t expected.
A product that is only manufactured once to the specification of an
individual customer.
The process of replacing a product with a newer version of the
same product.
A process to check whether the system accepts a user's
requirements.
The process of defining the big idea, testing it to ensure it is truly
filling a market gap for the target audience, and building the
business strategy.
The difference between actual and budgeted income and
expenditure.
A method for resolving the total variance in the set of scope, cost,
Variance analysis
and schedule variables into specific component variances that are
associated with defined factors affecting the scope, cost, and
schedule variables.
Variance at Completion Computed by subtracting the Estimate at Completion (EAC) from
the corresponding Budget at Completion (BAC).
(VAC)
Variance
Variable cost
Variation
Vendor
Viable product/service
Viable Project
WBS dictionary
Weak Matrix
Weekly project progress
Weighted Milestone
Work Brake Down
Structure (WBS)
Work Order
Work package
Variable costs are costs that change as the quantity of the good or
service that a business produces changes.
Variation (sometimes referred to as a change) is an alteration to
the scope of work originally specified in the contract, whether by
way of an addition, omission, or substitution to the works, or
through a change to the manner in which the works are to be
carried out.
An individual or company that supplies goods and services to
businesses or consumers.
A product with enough features to attract early-adopter customers
and validate a product idea early in the product development cycle.
The economic benefits of the project exceed its economic costs,
when analyzed for society as a whole.
A document that details, describes, and provides scheduling
information for every element of a work breakdown structure. It
may be thought of as a dictionary-cum-schedule of work packages.
The project manager is not very powerful. Usually they carry out an
administrative or coordinating role and rely on the functional
manages to get things done.
A document created by project managers that provides
stakeholders with an overview of a project's progress, budget and
schedule.
A method of estimating earned value by subdividing the work
packages into smaller ones in which the budget value of a work
package is divided into measurable segments, each ending with a
milestone that is assigned a weighted budget value.
A project management tool that takes a step-by-step approach to
complete large projects with several moving pieces.
A formal document containing written instructions to a service
professional or company about a task or project that needs to be
done.
Units of related tasks which are used to break projects up into
smaller sections in a work breakdown structure.