Term
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Definition
| A methodology that converts an organization’s value drivers to a series of defined metrics. |
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Term
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Definition
| he approved project management plan plus approved changes. |
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Term
| Business service management (BSM) tools |
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Definition
| Tools that help track the execution of business process flows and expose how the state of supporting IT systems and resources affects end-to-end business process performance in real time. |
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Term
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Definition
| The rate used in discounting future cash flow |
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Term
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Definition
| Benefits minus costs or income minus expenses |
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Term
| change control board (CCB) |
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Definition
| A formal group of people responsible for approving or rejecting changes on a project. |
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Definition
| A formal, documented process that describes when and how official project documents may be changed. |
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Definition
| A process that ensures that the descriptions of a project’s products are correct and complete. |
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Term
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Definition
| The return available by investing capital elsewhere. |
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Term
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Definition
| New requirements imposed by management, government, or some external influence. |
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Term
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Definition
| The rate used in discounting future cash flow; |
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Term
| Integrated change control |
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Definition
| Identifying, evaluating, and managing changes throughout the project life cycle. |
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Term
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Definition
| Identifying and managing the points of interaction between various elements of a project. |
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Term
| Internal rate of return (IRR) |
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Definition
| The discount rate that results in an NPV of zero for a project. |
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Term
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Definition
| A technique that uses branches radiating from a core idea to structure thoughts and ideas. |
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Term
| Net present value (NPV) analysis |
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Definition
| A method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time |
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Term
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Definition
| Chances to improve an organization. |
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Term
| Opportunity cost of capital |
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Definition
| The rate used in discounting future cash flow |
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Term
| organizational process assets |
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Definition
| Formal and informal plans, policies, procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information that can influence a project’s success. |
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Term
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Definition
| The amount of time needed to recoup the total dollars invested in a project, in terms of net cash inflows. |
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Term
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Definition
| Undesirable situations that prevent an organization from achieving its goals. |
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Term
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Definition
| A document that formally recognizes the existence of a project and provides direction on the project’s objectives and management. |
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Term
| Project integration management |
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Definition
| Processes that coordinate all project management knowledge areas throughout a project’s life, including developing the project charter, developing the preliminary project scope statement, developing the project management plan, directing and managing the project, monitoring and controlling the project, providing integrated change control, and closing the project. |
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Term
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Definition
| A document used to coordinate all project planning documents and guide project execution and control. |
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Term
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Definition
| The minimum acceptable rate of return on an investment. |
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Term
| Return on investment (ROI) |
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Definition
| A method for determining the financial value of a project; the ROI is the result of subtracting the project costs from the benefits and then dividing by the costs. |
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Term
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Definition
| Determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting the need for new products and services. |
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Term
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Definition
| Analyzing Strengths, Weaknesses, Opportunities, and Threats; used to aid in strategic planning. |
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Term
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Definition
| A technique that provides a systematic process for selecting projects based on numerous criteria. |
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