Term
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Definition
| The process of accumulating, finishing, and interpreting information to achieve completion of a phase or project. |
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Term
| Approved Change Request (Output/Input) |
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Definition
| A request for a change on a project that has been approved via formal or informal change request. |
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Term
| Change Control Board (CCB) |
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Definition
| A group of people formally recognized to approve or reject requested changes on a project. |
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Term
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Definition
| A process which verifies that the products of the project are complete and accurate. |
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Term
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Definition
| Attaining signature for a piece of the project or the complete project where the signature represents completion or closure of the project or that piece of the project. |
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Term
| Integrated Change Control |
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Definition
| The change control process as it relates to all project Knowledge Areas. |
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Term
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Definition
| a document which tracks items that occur during a project (Ex: change, issue and defect) |
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Term
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Definition
| The amount of time needed to recover the investment in the project. |
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Term
| Project Charter (Output/Input) |
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Definition
The foundational document which states the main details of the project: typically includes the following:
~ Scope of the Project
~ Any constraints and assumptions, including time and cost goals
~ Why the project is being done
~ Description of Project Manager authority |
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Term
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Definition
| The process of discovering key needs, names, position, focus, and influences on the project of all stakeholders. |
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Term
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Definition
| An integrated set of pieces used to achieve a specific project goal, could be an actual process or management process, or some mix of both approaches. |
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Term
| Technical Performance Measurement (Technique) |
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Definition
| A measurement approach that compares what was technically created in the project compared to what the project management plan shows should have been created. |
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Term
| Trend Analysis (Technique) |
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Definition
| An approach that attempts to forecast future results based on historical information. |
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Term
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Definition
| A project selection technique in which criteria are defined and weight given to it. Each project is then measured on the sum of each of those components and selections made from the result. |
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Term
| Work Authorization System |
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Definition
| A system in the project management approach that allows the right work to begin at the right time (or sequence)by the right people, can be something as informal as Project Manager approval to something as formal as documented predecessors and sign off before work can begin. |
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Term
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Definition
| An educated, logical guess about a variable when its details are unknown on a project. |
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Term
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Definition
| The formal or informal process of reviewing changes associated with a project, will result in approval or rejection of changes. |
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Term
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Definition
| A documented formal process that manages change associated with the project. |
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Term
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Definition
| A request to change something on the project. |
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Term
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Definition
| Actions on a project that will correct a component of the project that is out of alignment with the baseline. |
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Term
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Definition
| Commitment from the sponsor and organization to start a project or to continue it to the next phase. |
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Term
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Definition
| A process, meeting, or questionnaire (possibly all) to discuss what worked and what didn't work on the project, with the purpose of not repeating what didn't work and maximizing what did work correctly. |
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Term
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Definition
| A process to calculate the anticipated net monetary gain (or loss) from a project by discounting future cash inflows and outflows to the current point in time. |
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Term
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Definition
| A set of records that correctly describe and document the history of the project. |
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Term
| Project Integration Management |
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Definition
| The processes used to manage all Knowledge Areas across the project life cycle, can include plan creation, execution, and change control. |
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Term
| Project Management Plan (Output/Input) |
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Definition
| A formal comprehensive document that describes how the plan of the project, will be implemented and monitored; can include various management plans (from the Knowledge Areas) and documents such as the work breakdown structure, project scope statement, and organizational chart. |
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Term
| Return on Investment (ROI) |
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Definition
| The amount of income from an investment; income divided by the investment. |
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Term
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Definition
| A description of services, products, and work results to be accomplished on a project or other initiative. |
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Term
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Definition
| Long term planning by a company (usually three to five years.) |
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Term
| Work Authorization (Technique) |
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Definition
| A technique which ensures that the right work is done at the right time in the right order. |
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