The sampled data constitute some characteristic of a product or a process. User story - A project requirement stated in one sentence. Executive sponsor - Typically a member of the organization’s board who is ultimately responsible for the success of the project. Introduction 2. It is not necessarily the same as a remote team, which is a group of people working together from different locations. Examples of level of effort include maintenance and accounting. Resource loading profiles - Resource loading profiles indicate the number and type of personnel required to do project work over periods of time. Percent complete - The percent complete indicates the amount of work completed on an activity as a percentage of the total amount of work required. Each constraint is improved until it no longer limits the system’s performance. The project management Glossary will be updated every week. Get up and running fast with streamlined implementation and solution building to address your immediate business needs. Im Auftrag des PMI werden die … Problem statement - A problem statement concisely states and describes an issue that needs to be solved. Activity-On-Arrow (AOA) - In this network diagram, arrows represent activities and nodes represent events or milestones. All Rights Reserved Smartsheet Inc. U, V, W, and X - Project Management Terms, Discover Smartsheet’s Premium Tools for Project Managers. None of the successor activities may start until one finishes the predecessor activity. Agile software development - Agile software development originates from the Agile Manifesto, a set of principles that emphasizes meeting changing requirements through collaborative development and making ongoing improvements through iteration. Maintenance projects keep software functioning as expected. To help you achieve this goal, we’re offering this authoritative reference guide, pulling together a complete list of project management terminology. Maturity models allow organizations to assess themselves according to management best practices. 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. Project management triangle - A visual metaphor that illustrates relationships between scope, cost, and schedule. Project management body of knowledge (PMBOK) - The PMBOK is a collection of project management-related knowledge maintained by the Project Management Institute. Dependency - A logical relationship between project activities in a network diagram that determines when a dependent activity may begin. PMP Qns 1-20. In project management, it is not a substitute for qualitative risk analysis. Case study - A case study involves extensive and in-depth formal research into an area of a company, a situation, or an event. Standards - A standard prescribes a collection of standardized rules, guidelines, and characteristics requirements for processes or products that are approved by a recognized body. Project management software - Project management software is a family of tools typically used in the management of complex projects. Project teams work to address as many requirements as possible within each timebox, proceeding to successor activities once the time limit has passed. Resource 10. Application area - The specific project category of which the project is a part. We have compiled a list of the most common agile terms you may come across, and their definitions: Agile – a project management approach based on delivering requirements iteratively and incrementally throughout the life cycle. These skills can be harnessed for collective benefit. RASCI/RACI chart - A RASCI chart is created during project initiation to identify those who are: responsible for project activities, accountable for ensuring that work is done, signing off on the work, consulted in relation to work activities, and informed about the status of the work. Activity list - This documents all the activities necessary to complete a project. Business requirements - The conditions a product must satisfy to effectively serve its purpose within a business. This glossary is a guide to the most commonly used business analysis and project management terms. Das Project Management Institute, Inc., gibt das international verbreitete Standardwerk "A Guide to the Project Management Body of Knowledge (PMBOK® Guide)" heraus. Die Festlegung der Satzung des Institutes durch das Commonwealth of Pennsylvania markierte den Beginn der Tätigkeit des … The most complete project management glossary for professional project managers. Total float - The length of time an activity can be delayed from its early start date without affecting the project end date. 101-120. Modern project management - An umbrella term for a number of contemporary management strategies. Since the amount of apportioned effort (which includes activities such as quality assurance) depends directly on the amount of discrete effort, it cannot be considered separately from discrete effort. Free your team from content sprawl with Brandfolder, an intuitive digital asset management platform. Assignment contouring is typically done using project management software. Scope creep - Scope creep refers to gradual changes in project scope that occur without a formal scope change procedure. Change management plan - A Change management plan details the change control process. Network Path - In a schedule network diagram, a network path is a logically connected continuous series of activities. A known proportion of value is earned upon beginning the work package, and the rest is earned upon completing the work package. Überblick. Procurement management plan - A procurement management plan explains how an organization will obtain any external resources needed for a project. Objectives are written to be SMART: specific, measurable, achievable, realistic, and time-bound. Alternative analysis - The evaluation of possible courses of action for project work in order to find the most suitable course of action. Node - In a network diagram, a node is a point at which dependency lines meet. Burn down chart - A graph that shows the relationship between the number of tasks to be completed and the amount of time left to complete these tasks. I recommend you to also write out any terms or concepts you might not be clear with or got wrong in a practice exam so you can revise and improve your knowledge in the area. Balanced scorecard - A Balanced scorecard is a concept or tool used to assess whether an organization’s activities are correlated with its general vision and objectives. Lead/Lead time - The amount of time an activity can be brought forward with respect to the activity it is dependent upon. The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Float - A measure of the schedule flexibility involving a particular task. It allows project managers and sponsors to assess performance and progress. They also constitute the sum of knowledge and experience accumulated from past efforts. (See also bar chart), Gate - An end-of-phase checkpoint at which decisions are made regarding whether and how to continue with the project. It is typically used for small projects with straightforward requirements, since sequential development makes it difficult to revise design based on testing or preliminary feedback. A non-profit organization for project management professionals, providing resources, advice and opportunities for professional members of the community as well as information about project management terms. Goal setting - The process of creating specific, measurable, and attainable goals and of setting deadlines for these goals if desired. Tasks are listed vertically, with the horizontal axis marking time. ; Earned value management (EVM) is a project management technique for measuring project progress in an objective manner, with a combination of measuring scope, schedule, and cost in a single integrated system. It aims to optimize the schedule, usually via the use of scheduling software. Management process - The act of planning and executing a project or process to meet a defined set of objectives or goals. Typically, a task must be completed by a set deadline. Process - A process is a repeatable sequence of activities with known inputs and outputs. These project management terms are the popular project management buzz words. Milestone - Milestones indicate specific progress points or events in project timelines. Time and material contract - A time and material contract pays per unit of time and reimburses materials costs for contracted work. A comprehensive glossary of project management terms. With hundreds of project management terms, including all the latest updates from the newly-published APM Body of Knowledge 7th edition, the glossary is the perfect companion for project professionals in their day-today work, for students studying for APM’s PFQ and PMQ qualifications and for training providers looking to create study materials. 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