Acceptance Criteria
A set of conditions that is required to be met before deliverables are accepted.
Accuracy
Within the quality management system, it is an assessment of correctness.
Activity List
A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Actual Cost (AC)
The realized cost incurred for the work performed on an activity during a specific time period.
Adaptive Approach
A development approach in which the requirements are subject to a high level of uncertainty and volatility and are likely to change throughout the project.
Affinity Diagram
A diagram that shows large numbers of ideas classified into groups for review and analysis.
Affinity Grouping
The process of classifying items into similar categories or collections on the basis of their likeness.
Agile
A term used to describe a mindset of values and principles as set forth in the Agile Manifesto
Portfolio
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives
Cost Baseline
The approved version of the time-phased project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis for comparison to actual results
Measurement Performance Domain
The performance domain that addresses activities and functions associated with assessing project performance and taking appropriate actions to maintain acceptable performance
Flowchart
The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system
What-If-Scenario Analysis
The process of evaluating scenarios in order to predict their effect on project objectives
Effort
The number of labor units required to complete a schedule activity or work breakdown structure component, often expressed in hours, days, or weeks. Contrast with duration
Report
A formal record or summary of information
Bid Documents
All documents used to solicit information, quotations, or proposals from prospective sellers
Earned Value (EV)
The measure of work performed expressed in terms of the budget authorized for that work
Project Lead
A person who helps the project team to achieve the project objectives, typically by orchestrating the work of the project
Iteration Review
A meeting held at the end of an iteration to demonstrate the work that was accomplished during the iteration
Critical Path Method (CPM)
A method used to estimate the minimum project duration and determine the amount of schedule flexibility on the logical network paths within the schedule model
Self-Organizing Team
A cross-functional team in which people assume leadership as needed to achieve the team’s objectives
Scope Management Plan
A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled, and validated
Internal Dependency
A relationship between two or more project activities
Work Package
The work defined at the lowest level of the work breakdown structure for which cost and duration are estimated and managed