Term
| (Program Evaluation and Review Technique) PERT |
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Definition
| A model for project management designed to analyze and represent the tasks involved in completing a given project |
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Term
| 5 Steps in the traditional approach of project managemetn |
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Definition
| Initiation, planning, execution, monitoring and controlling, completion |
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Term
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Definition
| an operational activity which does an aggregate plan for the production process, in advance of 2 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of operations of the organization is kept to the minimum over that period. |
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Term
| Agile software development |
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Definition
| a set of fundamental principles about how software should be developed based on an agile way of working in contrast to previous heavy handed software development methodologies. |
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Term
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Definition
| the assignment of available resources in an economic way. |
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Term
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Definition
| generally refers to a list of all planned expenses and revenues |
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Term
| Budgeted Cost of Work Performed (BCWP) |
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Definition
| measures the budgeted cost of work that has actually been performed, rather than the cost of work scheduled |
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Term
| Budgeted Cost of Work Scheduled (BCWS) |
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Definition
| the approved budget that has been allocated to complete a scheduled task (or Work Breakdown Structure (WBS) component) during a specific time period |
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Term
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Definition
| the set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems. Solutions often include a systems development component, but may also consist of process improvement or organizational change. |
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Term
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Definition
| a term used to describe a profit-producing system that has an important degree of independence from the other systems within an enterprise. |
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Term
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Definition
| those ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders. They are contrasted with project management, and consist of business processes. |
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Term
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Definition
| collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers. There are three types of business processes: Management processes, Operational processes, and Supporting processes. |
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Term
| Business Process Modeling (BPM) |
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Definition
| the activity of representing processes of an enterprise, so that the current ("as is") process may be analyzed and improved in future ("to be") |
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Term
| Capability Maturity Model (CMM) |
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Definition
| in software engineering is a model of the maturity of the capability of certain business processes. A maturity model can be described as a structured collection of elements that describe certain aspects of maturity in an organization, and aids in the definition and understanding of an organization's processes. |
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Term
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Definition
| a research method which involves an in-depth, longitudinal examination of a single instance or event: a case. They provide a systematic way of looking at events, collecting data, analyzing information, and reporting the results |
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Term
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Definition
| a general term describing the procedures used to ensure that changes (normally, but not necessarily, to IT systems) are introduced in a controlled and coordinated manner. Change control is a major aspect of the broader discipline of change management. |
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Term
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Definition
| a field of management focussed on organizational changes. It aims to ensure that methods and procedures are used for efficient and prompt handling of all changes to controlled IT infrastructure, in order to minimize the number and impact of any related incidents upon service |
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Term
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Definition
| project management technique to review the construction processes from start to finish during pre-construction phrase. It will identify obstacles before a project is actually built to reduce or prevent error, delays, and cost overrun. |
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Term
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Definition
| the area of engineering practice where engineering judgment and experience are used in the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and planning and scheduling." |
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Term
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Definition
| excess of actual cost over budget. |
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Term
| Costs in economics, business, and accounting |
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Definition
| the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost |
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Term
| Critical Chain Project Management |
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Definition
| Method of planning and managing projects that puts more emphasis on the resources required to executie project tasks |
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Term
| Critical Chain Project Management (CCPM) |
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Definition
| method of planning and managing projects that puts more emphasis on the resources required to execute project tasks |
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Term
| Critical Path Method (CPM) |
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Definition
| A mathematically based algorithm for scheduling a set of project activities. |
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Term
| Critical Path Method (CPM) |
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Definition
| a mathematically based modeling technique for scheduling a set of project activities, used in project management. |
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Term
| Dependency in a project network |
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Definition
| a link amongst a project's terminal elements |
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Term
| Duration of a project's terminal element |
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Definition
| the number of calendar periods it takes from the time the execution of element starts to the moment it is completed. |
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Term
| Dynamic Systems Development Method (DSDM) |
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Definition
| a software development methodology originally based upon the Rapid Application Development methodology. DSDM is an iterative and incremental approach that emphasizes continuous user involvement |
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Term
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Definition
| an extension to Earned Value Management (EVM), which renames two traditional measures, to indicate clearly they are in units of currency or quantity, not time. |
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Term
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Definition
| the process of understanding an enterprise business and improving its performance through creation of enterprise models. This includes the modelling of the relevant business domain (usually relatively stable), business processes (usually more volatile), and Information technology |
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Term
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Definition
| project management is the processes of making accurate estimates using the approprate techniques. |
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Term
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Definition
| diagram that show the relationships between events and tasks and how the events affect each other. |
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Term
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Definition
| An uncertainty modeling and schedule network analysis technique that is focused on identifiying and managing events and event chaings that affect project schedules |
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Term
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Definition
| an uncertainty modeling and schedule network analysis technique that is focused on identifying and managing events and event chains that affect project schedules. |
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Term
| Extreme project management (XPM) |
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Definition
| a method of managing very complex and very uncertain projects. |
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Term
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Definition
| in a project network is the amount of time that a task in a project network can be delayed without causing a delay to subsequent tasks and or the project completion date. |
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Term
| Focused improvement in Theory of Constraints |
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Definition
| the ensemble of activities aimed at elevating the performance of any system, especially a business system, with respect to its goal by eliminating its constraints one by one and by not working on non-constraints. |
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Term
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Definition
| a type of bar chart that illustrates a project schedule. It illustrate the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project. |
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Term
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Definition
| consists of a projected state of affairs which a person or a system plans or intends to achieve or bring about — a personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines |
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Term
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Definition
| involves establishing specific, measurable and time targeted objectives |
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Term
| Graphical Evaluation and Review Technique (GERT) |
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Definition
| a network analysis technique that allows probabilistic treatment of both network logic and activity duration estimated. |
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Term
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Definition
| a schedule (project management) or project planning term for a grouping of subtasks that "hangs" between two end dates it is tied to. (Or the two end-events it is fixed to.) |
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Term
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Definition
| a Project Management Method developed by the Swiss Government, based on the German V-Modell. The first domain of application was software projects. |
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Term
| Integrated Master Plan (IMP) |
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Definition
| an event-based, top level plan, consisting of a hierarchy of Program Events |
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Term
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Definition
| a guidelines for quality management in projects, is an international standard developed by the International Organization for Standardization. |
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Term
| Iterative and Incremental development |
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Definition
| cyclic software development process developed in response to the weaknesses of the waterfall model. It starts with an initial planning and ends with deployment with the cyclic interaction in between |
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Term
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Definition
| the first meeting with the project team and the client of the project. |
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Term
| Lean manufacturing or lean production |
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Definition
| often known simply as "Lean", is the practice of a theory of production that considers the expenditure of resources for any means other than the creation of value for the presumed customer to be wasteful, and thus a target for elimination. In a more basic term, |
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Term
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Definition
| qualified as a support type activity which doesn't lend itself to measurement of a discrete accomplishment. Examples of such an activity may be project budget accounting, customer liaison, etc. |
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Term
| Linear scheduling method (LSM) |
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Definition
| a graphical scheduling method focusing on continuous resource utilization in repetitive activities. It is believed that it originally adopted the idea of Line-Of-Balance method. |
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Term
| Management in business and human organization activity |
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Definition
| the act of getting people together to accomplish desired goals. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. |
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Term
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Definition
| a process of planning and controlling the performance or execution of any type of activity. |
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Term
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Definition
| the discipline of using mathematical modeling and other analytical methods, to help make better business management decisions. |
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Term
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Definition
| extremely large-scale investment project. |
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Term
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Definition
| the set of reasons that determines one to engage in a particular behavior. |
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Term
| Nonlinear Management (NLM) |
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Definition
| a superset of management techniques and strategies that allows order to emerge by giving organizations the space to self-organize, evolve and adapt, encompassing Agile, Evolutionary and Lean approaches, as well as many others. |
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Term
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Definition
| an area of business that is concerned with the production of good quality goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is the management of resources, the distribution of goods and services to customers, and the analysis of queue systems. |
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Term
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Definition
| an interdisciplinary branch of applied mathematics and formal science that uses methods such as mathematical modeling, statistics, and algorithms to arrive at optimal or near optimal solutions to complex problems. |
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Term
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Definition
| a social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment. |
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Term
| Organization development (OD) |
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Definition
| a planned, structured, organization-wide effort to increase the organization's effectiveness and health. |
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Term
| Planning in organizations and public policy |
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Definition
| both the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired goal on some scale. |
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Term
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Definition
| n finance is an appropriate mix of or collection of investments held by an institution or a private individual. |
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Term
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Definition
| Structured approachy to project management that provides a method for managing projects within a clearly defined framework |
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Term
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Definition
| a project management methodology. The planning, monitoring and control of all aspects of the project and the motivation of all those involved in it to achieve the project objectives on time and to the specified cost, quality and performance. |
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Term
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Definition
| an ungoing collection of activities, with an inputs, outputs and the energy required to transform inputs to outputs. |
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Term
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Definition
| the structural design of general process systems and applies to fields such as computers (software, hardware, networks, etc.), business processes (enterprise architecture, policy and procedures, logistics, project management, etc.), and any other process system of varying degrees of complexity. |
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Term
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Definition
| the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering. |
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Term
| Product breakdown structure (PBS) |
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Definition
| in project management is an exhaustive, hierarchical tree structure of components that make up an item, arranged in whole-part relationship. |
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Term
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Definition
| in project management is a structured format of presenting information about a project product |
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Term
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Definition
| the process of managing multiple ongoing inter-dependent projects. An example would be that of designing, manufacturing and providing support infrastructure for an automobile manufacturer. |
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Term
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Definition
| A finite endeavor having a specific start and completion date undertaken to create a unique product or service which brings about beneficial change or added value |
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Term
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Definition
| the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management. |
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Term
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Definition
| The complete set of tasks, techniques, tools applied during project execution |
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Term
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Definition
| The dicipline of planning, organizing and managing resources to bring about the successful completion of specific project goals and objectives |
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Term
| Project Management Body of Knowledge (PMBOK) |
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Definition
| The sum of knowledge within the profession of project management that is standardized by ISO. |
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Term
| Project management process |
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Definition
| the management process of planning and controlling the performance or execution of a project. |
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Term
| Project Management Professional |
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Definition
| a certificated professional in project management. |
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Term
| Project Management Simulators |
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Definition
| computer-based tools used in project management training programs. Usually, project management simulation is a group exercise. The computer-based simulation is an interactive learning activity. |
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Term
| Project management software |
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Definition
| a type of software, including scheduling, cost control and budget management, resource allocation, collaboration software, communication, quality management and documentation or administration systems, which are used to deal with the complexity of large projects. |
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Term
| Project Management Triangle |
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Definition
| a model of the constraints of project management. |
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Term
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Definition
| professional in the field of project management. Project managers can have the responsibility of the planning, execution, and closing of any project, typically relating to construction industry, architecture, computer networking, telecommunications or software development. |
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Term
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Definition
| a graph (flow chart) depicting the sequence in which a project's terminal elements are to be completed by showing terminal elements and their dependencies. |
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Term
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Definition
| formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed. |
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Term
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Definition
| part of project management which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment |
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Term
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Definition
| those entities within or without an organization which sponsor a project or, have an interest or a gain upon a successful completion of a project. |
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Term
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Definition
| the management team leading the project, and provide services to the project. Projects often bring together a variety number of problems. Stakeholders have important issues with others. |
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Term
| Quality, Cost, Delivery(QCD) |
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Definition
| as used in lean manufacturing measures a businesses activity and develops Key performance indicators. QCD analysis often forms a part of continuous improvement programs |
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Term
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Definition
| radical redesign of an organization's processes, especially its business processes. Rather than organizing a firm into functional specialties (like production, accounting, marketing, etc.) and considering the tasks that each function performs; complete processes from materials acquisition, to production, to marketing and distribution should be considered. The firm should be re-engineered into a series of processes. |
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Term
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Definition
| in project management terminology are required to carry out the project tasks. They can be people, equipment, facilities, funding, or anything else capable of definition (usually other than labour) required for the completion of a project activity. |
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Term
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Definition
| a concept that denotes the precise probability of specific eventualities |
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Term
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Definition
| a management specialism aiming to reduce different risks related to a preselected domain to the level accepted by society. It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics. |
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Term
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Definition
| a tool commonly used in project planning and organisational risk assessments. |
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Term
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Definition
| in project management consists of a list of a project's terminal elements with intended start and finish dates. |
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Term
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Definition
| a theory of management that analyzes and synthesizes workflow processes, improving labor productivity. |
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Term
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Definition
| uncontrolled changes in a project's scope. This phenomenon can occur when the scope of a project is not properly defined, documented, or controlled. It is generally considered a negative occurrence that is to be avoided. |
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Term
| Scope of a project in project management |
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Definition
| the sum total of all of its products and their requirements or features. |
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Term
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Definition
| an iterative incremental process of software development commonly used with agile software development. Despite the fact that "Scrum" is not an acronym, some companies implementing the process have been known to adhere to an all capital letter expression of the word, i.e. SCRUM. |
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Term
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Definition
| a business management strategy, originally developed by Motorola, that today enjoys widespread application in many sectors of industry. |
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Term
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Definition
| the application of a systematic, disciplined, quantifiable approach to the development, operation, and maintenance of software. |
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Term
| Systems Development Life Cycle (SDLC) |
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Definition
| any logical process used by a systems analyst to develop an information system, including requirements, validation, training, and user ownership. An SDLC should result in a high quality system that meets or exceeds customer expectations, within time and cost estimates, works effectively and efficiently in the current and planned Information Technology infrastructure, and is cheap to maintain and cost-effective to enhance. |
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Term
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Definition
| an interdisciplinary field of engineering that focuses on how complex engineering projects should be designed and managed. |
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Term
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Definition
| part of a set of actions which accomplish a job, problem or assignment. |
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Term
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Definition
| the analysis or a breakdown of exactly how a task is accomplished, such as what sub-tasks are required |
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Term
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Definition
| in project management are activity that needs to be accomplished within a defined period of time. |
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Term
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Definition
| An overall management philosophy that is geared to help organizations achieve their goals |
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Term
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Definition
| a graphical representation of a chronological sequence of events, also referred to as a chronology. It can also mean a schedule of activities, such as a timetable. |
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Term
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Definition
| a popular iterative and incremental software development process framework. The best-known and extensively documented refinement of the Unified Process is the Rational Unified Process (RUP). |
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Term
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Definition
| a systematic method to improve the "value" of goods and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. |
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Term
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Definition
| a type of milestone, benchmark, or deadline, with emphasis on demonstrating progress across all components of a project. |
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Term
| Virtual Design and Construction (VDC) |
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Definition
| the use of integrated multi-disciplinary performance models of design-construction projects, including the Product (i.e., facilities), Work Processes and Organization of the design - construction - operation team in order to support explicit and public business objectives. |
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Term
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Definition
| a consensus-based estimation technique for estimating effort. |
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Term
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Definition
| in project management is the amount of effort applied to produce a deliverable or to accomplish a task (a terminal element). |
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Term
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Definition
| A tool that defines a project and groups the project's discrete work elements in a way that helps organize and define the total scope of the project |
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Term
| Work Breakdown Structure (WBS) |
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Definition
| a tool that defines a project and groups the project’s discrete work elements in a way that helps organize and define the total work scope of the project. A Work breakdown structure element may be a product, data, a service, or any combination. WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance for schedule development and control. |
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Term
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Definition
| a subset of a project that can be assigned to a specific party for execution. Because of the similarity, work packages are often misidentified as projects. |
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Term
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Definition
| a set of associated activities, focused around a particular scope that follow a path from initiation to completion. |
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