PMI Flashcards

(297 cards)

1
Q

Acceptance Criteria

A

A set of conditions that is required to be met before deliverables are accepted.

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2
Q

Accuracy

A

Within the quality management system, it is an assessment of correctness.

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3
Q

Activity List

A

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.

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4
Q

Actual Cost (AC)

A

The realized cost incurred for the work performed on an activity during a specific time period.

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5
Q

Adaptive Approach

A

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.

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6
Q

Affinity Diagram

A

A diagram that shows large numbers of ideas classified into groups for review and analysis.

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7
Q

Affinity Grouping

A

The process of classifying items into similar categories or collections on the basis of their likeness.

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8
Q

Agile

A

A term used to describe a mindset of values and principles as set forth in the Agile Manifesto

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9
Q

Portfolio

A

Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives

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10
Q

Cost Baseline

A

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

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11
Q

Measurement Performance Domain

A

The performance domain that addresses activities and functions associated with assessing project performance and taking appropriate actions to maintain acceptable performance

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12
Q

Flowchart

A

The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system

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13
Q

What-If-Scenario Analysis

A

The process of evaluating scenarios in order to predict their effect on project objectives

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14
Q

Effort

A

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

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15
Q

Report

A

A formal record or summary of information

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16
Q

Bid Documents

A

All documents used to solicit information, quotations, or proposals from prospective sellers

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17
Q

Earned Value (EV)

A

The measure of work performed expressed in terms of the budget authorized for that work

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18
Q

Project Lead

A

A person who helps the project team to achieve the project objectives, typically by orchestrating the work of the project

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19
Q

Iteration Review

A

A meeting held at the end of an iteration to demonstrate the work that was accomplished during the iteration

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20
Q

Critical Path Method (CPM)

A

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

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21
Q

Self-Organizing Team

A

A cross-functional team in which people assume leadership as needed to achieve the team’s objectives

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22
Q

Scope Management Plan

A

A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled, and validated

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23
Q

Internal Dependency

A

A relationship between two or more project activities

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24
Q

Work Package

A

The work defined at the lowest level of the work breakdown structure for which cost and duration are estimated and managed

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25
Influence Diagram
A graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes
26
Executing Process Group
Those processes performed to complete the work defined in the project management plan to satisfy the project requirements
27
Quality Metrics
A description of a project or product attribute and how to measure it
28
Methodology
A system of practices, techniques, procedures, and rules used by those who work in a discipline
29
External Dependency
A relationship between activities and non-project activities
30
Lessons Learned
The knowledge gained during a project, which shows how project events were addressed or should be addressed in the future, for the purpose of improving future performance
31
Change Control
A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected
32
Cost-Reimbursable Contract
A type of contract involving payment to the seller for the seller's actual costs, plus a fee typically representing the seller's profit
33
Specification
A precise statement of the needs to be satisfied and the essential characteristics that are required
34
Log
A document used to record and describe or denote selected items identified during execution of a process or activity. Usually used with a modifier, such as issue, change, or assumption
35
Kanban Board
A visualization tool that shows work in progress to help identify bottlenecks and overcommitments, thereby allowing the team to optimize the workflow
36
Explicit Knowledge
Knowledge that can be codified using symbols such as words, numbers, and pictures
37
Outcome
An end result or consequence of a process or project
38
Business Value
The net quantifiable benefit derived from a business endeavor that may be tangible, intangible, or both
39
Estimate to Complete (ETC)
The expected cost to finish all the remaining project work
40
Scope Creep
The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources
41
Bidder Conference
The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences
42
Digital Product
A product or service that is delivered, used, and stored in an electronic format
43
Crashing
A method used to shorten the schedule duration for the least incremental cost by adding resources
44
Rolling Wave Planning
An iterative planning method in which the work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level
45
Probablistic Estimating
A method used to develop a range of estimates along with the associated probabilities within that range
46
Complexity
A characteristic of a program or project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity
47
Duration
The total number of work periods required to complete an activity or work breakdown structure component, expressed in hours, days, or weeks. Contrast with effort
48
Triple Bottom Line
A framework for considering the full cost of doing business by evaluating a company's bottom line from the perspective of profit, people, and the planet
49
Opportunity
A risk that would have a positive effect on one or more project objectives
50
Performance Measurement Baseline (PMB)
Integrated scope, schedule, and cost baselines used for comparison to manage, measure, and control project execution
51
Cost Plus Incentive Fee Contract (CPIF)
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), and the seller earnestly its profit if it meets defined performance criteria
52
Fixed Price with Economic Price Adjustment Contract (FPEPA)
A fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decreases) for specific commodities
53
Tacit Knowledge
Personal knowledge that can be difficult to articulate and share such as beliefs, experience, and insights
54
DevOps
A collection of practices for creating a smooth slow of deliveries by improving collaboration between development and operations staff
54
Cadence
A rhythm of activities conducted throughout the project
55
Organizational Breakdown Structure (OBS)
A hierarchal representation of the project organization, which illustrates the relationship between project activities and the organizational units that will perform those activities
56
Risk Appetite
The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward
57
Schedule Variance (SV)
A measure of schedule performance expressed as the difference between the earned value and the planned value
58
Iteration
A time boxed cycle of development on a product or deliverable in which all of the work that is needed to deliver value is performed
59
Responsibility Assignment Matrix (RAM)
A grid that shows the project resources assigned to each work package
60
Project Management Body of Knowledge (PMBOK)
A term that describes the knowledge within the profession of project management
61
Release Planning
The process of identifying a high-level plan for releasing or transitioning a product, deliverable, or increment of value
62
Multipoint Estimating
A method used to estimate cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates
63
Issue Log
A project document where information about issues is recorded and monitored
64
Kickoff Meeting
A gathering of team members and other key stakeholders at the outset of a project to formally set expectations, gain a common understanding, and commence work
65
Sensitivity Analysis
An analysis method to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes by correlating variations in project outcomes with variations in elements of a qualitative risk analysis model
66
Risk Threshold
The measure of acceptable variation around an objective that reflects the risk appetite of the organization and stakeholders. See also risk appetite
67
Stakeholder Performance Domain
The performance domain that addresses activities and functions associated with stakeholders
68
Use Case
An artifact for describing and exploring how a user interacts with a system to achieve a specific goal
69
Retrospective
A regularly occurring workshop in which participants explore their work and results in order to improve both process and product
70
Precision
Within the quality management system, precision is an assessment of exactness
71
Result
An output from performing project management processes and activities. See also deliverable
72
Sponsor
A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success
73
Relative Estimating
A method for creating estimates that are derived from performing a comparison against a similar body of work, taking effort, complexity, and uncertainty into consideration
74
Risk Avoidance
A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact
75
Sprint
A short time interval within a project during which a usable and potentially releasable increment of the product is created. See also iteration
76
Budget at Completion (BAC)
The sum of all budgets established for the work to be performed
77
Task Board
A visual representation of the progress of the planned work that allows everyone to see the status of the tasks
78
Cause-and-Effect Diagram
A visual representation that helps trace an undesirable effect back to its root cause
79
Schedule Forecasts
Estimates or predictions of conditions and events in the project's future based on information and knowledge available at the time the schedule is calculated
80
Quality
The degree to which a set of inherent characteristics fulfills requirements
81
Alternatives Analysis
A method used to evaluate identified options in order to select the options or approaches to use to perform the work of the project
82
Ambiguity
A state of being unclear, having difficulty in identifying the cause of events, or having multiple options from which to choose
83
Analogous Estimating
A method for estimating the duration or cost of an activity or a project using historical data from a similar activity or project
84
Artifact
A template, document, output, or project deliverable
85
Assumption
A factor in the planning process that is considered to be true, real, or certain, without proof of demonstration
86
Assumption and Constraint Analysis
An assessment that ensures assumptions and constraints are integrated into the project plans and documents, and that there is consistency among them
87
Assumption Log
A project document used to record all assumptions and constraints throughout the project
88
Authority
The right to apply project resources, expend funds, make decisions, or give approvals
89
Backlog
An ordered list of work to be done
90
Backlog Refinement
Progressive elaboration of the content in the backlog and (re)prioritization of it to identify the work that can be accomplished in an upcoming iteration
91
Baseline
The approved version of a work product, used as a basis for comparison to actual results
92
Basis of Estimates
Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels
93
Benchmarking
The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance
94
Benefits Management Plan
The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program
95
Blocker
An obstacle that prevents the team from achieving its objectives. Also known as an impediment
96
Budget
The approved estimate for the project or any work breakdown structure (WBS) component or any schedule activity
97
Burn Chart
A graphical representation of the work remaining in a time box or the work completed toward the release of a product or project deliverable
98
Business Case
A value proposition for a proposed project that may include financial and non financial benefits
99
Business Model Canvas
A one-page, visual summary that describes the value proposition, infrastructure, customers, and finances. These are often used in Lean Startup situations
100
Change
A modification to any formally controlled deliverable, project management plan component, or project document
101
Change Control Board (CCB)
A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions
102
Change Control Plan
A component of the project management plan that establishes the change control board, documents the extend of its authority, and describes how the change control system will be implemented
103
Change Control System
A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled
104
Change Log
A comprehensive list of changes submitted during the project and their current status
105
Change Management
A comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to a future state with intended business benefits
106
Change Request
A formal proposal to modify a document, deliverable, or baseline
107
Charter
A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. Also known as a project charter
108
Check Sheet
A tally sheet that can be used as a checklist when gathering data
109
Closing Process Group
The process(es) performed to formally complete or close a project, phase, or contract
110
Communications Management Plan
A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated
111
Complexity
A characteristic of a program or project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity
112
Confirmation Bias
A type of cognitive bias that confirms preexisting beliefs or hypotheses
113
Conformance
The degree to which the results meet the set quality requirements
114
Constraint
A limiting factor that affects the execution of a project, program, portfolio, or process
115
Contingency
An event or occurrence that could affect the execution of the project, which may be accounted for with a reserve
116
Contingency Reserve
Time or money allocated in the schedule or cost baseline for known risks with active response strategies
117
Continuous Delivery
The practice of delivering feature increments immediately to customers, often through the use of small batches of work and automation technology
118
Contract
A mutually binding agreement that obligates the seller to provide the specified product, service, or result and obligates the buyer to pay for it
119
Control
The process of comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed
120
Control Chart
A graphic display of process data over time and against established control limits, which has a centerline that assists in detecting a trend of plotted values toward either control limit
121
Cost-Benefit Analysis
A financial analysis method used to determine the benefits provided by a project against its costs
122
Cost Management Plan
A component of a project or program management plan that describes how costs will be planned, structured, and controlled
123
Cost of Quality (COQ)
All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or serve for conformance to requirements, and failure to meet requirements
124
Cost Performance Index (CPI)
A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost.
125
Cost Plus Award Fee Contract (CPAF)
A category of contract that involves payments to the seller for all legitimate actual costs incurred for completed work, plus an award fee representing seller profit
126
Cost Plus Fixed Fee Contract (CPFF)
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract) plus a fixed amount of profit (fee)
127
Cost Plus Incentive Fee Contract (CPIF)
A type of cost-reimbursable contract where the buyer reimburses the seller for the seller's allowable costs (allowable costs are defined by the contract), and the seller earns its profit if it meets defined performance criteria
128
Cost-Reimbursable Contract
A type of contract involving payment to the seller for the seller's actual costs, plus a fee typically representing the seller's profit
129
Cost Variance (CV)
The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost
130
Criteria
Standards, rules, or tests on which a judgement or decision can be based or by which a product, service, result, or process can be evaluated
131
Critical Path
The sequence of activities that represents the longest path through a project, which determines the shortest possible duration
132
Cumulative Flow Diagram (CFD)
A chart indicating features completed over time, features in other states of development, and those in the backlog
133
Cycle Time
The total elapsed time from the start of a particular activity or work item to its completion
134
Cycle Time Chart
A diagram that shows the average cycle time of the work items completed over time
135
Daily Standup
A brief, daily collaboration meeting in which the team reviews progress from the previous day, declares intentions for the current day, and highlights any obstacles encountered or anticipated
136
Dashboard
A set of charts and graphs showing progress or performance against important measures of the project
137
Data Gathering and Analysis Methods
Methods used to collect, assess, and evaluate data and information to gain a deeper understanding of a situation
138
Decision Tree Analysis
A diagramming and calculation method for evaluating the implications of a chain of multiple options in the presence of uncertainty
139
Decomposition
A method used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts
140
Definition of Done (DoD)
A checklist of all the criteria required to be met so that a deliverable can be considered ready for customer use
141
Deliverable
Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project
142
Delivery Performance Domain
The performance domain that addresses activities and functions associated with delivering the scope and quality that the project was undertaken to achieve
143
Development Approach
A method used to create and evolve the product, service, or result during the project life cycle, such as predictive, iterative, incremental, agile, or hybrid method
144
Development Approach and Life Cycle Performance Domain
The performance domain that addresses activities and functions associated with the development approach, cadence, and life cycle phases of the project
145
Discretionary Dependency
A relationship that is based on best practices or project preferences
146
Duration
The total number of work periods required to complete an activity or work breakdown structure component, expressed in hours, days, or weeks. Contrast with effort
147
Earned Value Analysis (EVA)
An analysis method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project
148
Emotional Intelligence
The ability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people
149
Enterprise Environmental Factors (EEF)
Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio
150
Epic
A large, related body of work intended to hierarchically organize a set of requirements and deliver specific business outcomes
151
Estimate
A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations
152
Estimate at Completion (EAC)
The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete
153
Estimating Methods
Methods used to develop an approximation of work, time, or cost on a project
154
Executing Process Group
Those processes performed to complete the work defined in the project management plan to satisfy the project requirements
155
Expected Monetary Value (EMV)
The estimated value of an outcome expressed in monetary terms
156
Feature
A set of related requirements or functionalities that provides value to an organization
156
Fast Tracking
A schedule compression method in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration
157
Firm Fixed Price Contract (FFP)
A type of fixed-price contract where the buyer pays the seller a set amount (as defined by the contract), regardless of the seller's costs
158
Fixed Duration
A type of activity where the length of time required to complete the activity remains constant regardless of the number of people or resources assigned to the activity
159
Fixed-Price Contract
An agreement that sets the fee that will be paid for a defined scope of work regardless of the cost or effort to deliver it
160
Fixed Price Incentive Fee Contract (FPIF)
A type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets defined performance criteria
161
Flow
The measure of how efficiently work moves through a given process or framework
162
Forecast
An estimate or prediction of conditions and events in the project's future based on information and knowledge available at the time of the forecast
163
Function Point
An estimate of the amount of business functionality in an information system, used to calculate the functional size measurement of a software system
164
Gantt Chart
A bar chart of schedule information where activities are listed on the vertical axis, dates are shown on the horizontal axis, and activity durations are shown as horizontal bars placed according to start and finish dates
165
Governance
The framework for directing and enabling an organization through its established policies, practices, and other relevant documentation
166
Grade
A category or rank used to distinguish items that have the same functional use but do not share the same requirements for quality
167
Hierarchy Chart
A chart that begins with high-level information that is progressively decomposed into lower levels of detail
168
Histogram
A bar chart that shows the graphical representation of numerical data
169
170
Hybrid Approach
A combination of two or more agile and non-agile elements, having a non-agile end result
171
Impact Mapping
A strategic planning method that serves as a visual roadmap for the organization during product development
172
Impediment
An obstacle that prevents the team from achieving its objectives. Also known as a blocker.
173
Incremental Approach
An adaptive development approach in which the deliverable is produced successively, adding functionality until the deliverable contains the necessary and sufficient capability to be considered complete
174
Indefinite Delivery Indefinite Quantity (IDIQ)
A contract that provides for an indefinite quantity of goods or services, with a stated lower and upper limit, within a fixed time period
175
Information Radiator
A visible, physical display that provides information to the rest of the organization, enabling timely knowledge sharing
176
Initiating Process Group
Those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase
177
Interpersonal Skills
Skills used to establish and maintain relationships with other people
178
Issue
A current condition or situation that may have an impact on the project objectives
179
Iteration Plan
A detailed plan for the current iteration
180
Iteration Planning
A meeting to clarify the details of the backlog items, acceptance criteria, and work effort required to meet an upcoming iteration commitment
181
Iterative Approach
A development approach that focuses on an initial, simplified implementation then progressively elaborates adding to the feature set until the final deliverable is complete
182
Knowledge
A mixture of experience, values and beliefs, contextual information, intuition, and insight that people use to make sense of new experiences and information
183
Lag
The amount of time whereby a successor activity will be delayed with respect to a predecessor activity
184
Last Responsible Moment
The concept of deferring a decision to allow the team to consider multiple options until the cost of further delay would exceed the benefit
185
Lead
The amount of time whereby a successor activity can be advanced with respect to a predecessor activity
186
Lead Time
The time between a customer request and the actual delivery
187
Lead Time Chart
A diagram showing the trend over time of the average lead time of the items completed in work
188
Lean Startup Canvas
A one-page template designed to communicate a business plan with key stakeholders in an efficient and effective manner
189
Lessons Learned Register
A project document used to record knowledge gained during a project, phase, or iteration so that it can be used to improve future performance for the team and the organization
190
Life Cycle
The series of phases that a project passes through from its start to its completion. Also known as project life cycle
191
Life Cycle Assessment (LCA)
A tool used to evaluate the total environmental impact of a product, process, or system
192
Make-or-Buy Analysis
The process of gathering and organizing data about product requirements and analyzing them against available alternatives including the purchase or internal manufacture of the product
193
Management Reserve
An amount of the project budget or project schedule held outside of the performance measurement baseline for management control purposes that is reserved for unforeseen work that is within the project scope
194
Mandatory Dependency
A relationship that is contractually required or inherent in the nature of the work
195
Measures of Performance
Measures that characterize physical or functional attributes relating to system operation
196
Method
A means for achieving an outcome, output, result, or project deliverable
197
Metric
A description of a project or product attribute and how to measure it
198
Milestone
A significant point or event in a project, program, or portfolio
199
Milestone Schedule
A type of schedule that presents milestones with planned dates
200
Minimum Viable Product (MVP)
A concept used to define the scope of the first release of a solution to customers by identifying the fewest number of features or requirements that would deliver value
201
Modeling
Creating simplified representations of systems, solutions, or deliverables, such as prototypes, diagrams, or storyboards
202
Monitor
Collect project performance data, produce performance measures, and report and disseminate performance information
203
Monitoring and Controlling Process Group
Those processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate corresponding changes
204
Monte Carlo Simulation
A method of identifying the potential impacts of risk and uncertainty using multiple iterations of a computer model to develop a probability distribution of a range of outcomes that could result from a decision or course of action
205
Mood Chart
A visualization chart for tracking moods or reactions to identify areas for improvement
206
Net Promoter Score
An index that measures the willingness of customers to recommend an organization's products or services to others
207
Network Path
A sequence of activities connected by logical relationships in a project schedule network diagram
208
Objective
Something toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed
209
Organizational Process Assets (OPA)
Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization
210
Osmotic Communication
Means of receiving information without direct communication by overhearing and through nonverbal cues
211
Parametric Estimating
An estimating method in which an algorithm is used to calculate cost or duration based on historical data and project parameters
212
Phase Gate
A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a project or program
213
Plan
A proposed means of accomplishing something
214
Planned Value (PV)
The authorized budget assigned to schedule work
215
Planning Performance Domain
The performance domain that addresses activities and functions associated with the initial, ongoing, and evolving organization and coordination necessary for delivering project deliverables and results
216
Planning Process Group
Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve
217
Portfolio Management
The centralized management of one or more portfolios to achieve strategic objectives
218
Predictive Approach
A development approach in which the project scope, time, and cost are determined in the early phases of the life cycle
219
Prioritization Matrix
A scatter diagram that plots effort against value so as to classify items by priority
220
Prioritization Schema
Methods used to prioritize portfolio, program, or project components, as well as requirements, risks, features, or other product information
221
Probability and Impact Matrix
A grid for mapping the probability of occurrence of each risk and its impact on project objectives if that risk occurs
222
Procurement Management Plan
A component of the project or program management plan that describes how a project team will acquire goods and services from outside of the performing organization
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Product
An artifact that is produced, is quantifiable, and can be either an end item in itself or a component item
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Product Breakdown Structure
A hierarchical structure reflecting a product's components and deliverables
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Product Life Cycle
A series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement
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Product Management
The integration of people, data, processes, and business systems to create, maintain, and evolve a product or service throughout its life cycle
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Product Owner
A person responsible for maximizing the value of the product and accountable for the end product
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Product Scope
The features and functions that characterize a product, service, or result
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Program
Related projected, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually
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Program Management
The application of knowledge, skills, and principles to a program to achieve the program objectives and obtain benefits and control not available by managing program components individually
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Progressive Elaboration
The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available
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Project
a temporary endeavor undertaken to create a unique product, service, or result
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Project Brief
A high-level overview of the goals, deliverables, and processes for the project
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Project Calendar
A calendar that identifies working days and shifts that are available for scheduled activities
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Project Charter
A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities
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Project Governance
The framework, functions, and processes that guide project management activities in order to create a unique product, service, or result to meet organizational, strategic, and operational goals
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Project Life Cycle
The series of phases that a project passes through from its start to its completion
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Project Management
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements
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Project Management Office (PMO)
A management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques
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Project Management Plan
The document that describes how the project will be executed, monitored and controlled, and closed
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Project Management Process Group
A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include Initiating processes, Planning processes, Executing processes, Monitoring and Controlling processes, and Closing processes.
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Project Management Team
The members of the project team who are directly involved in project management activities
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Project Manager
The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives. see also project lead
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Project Phase
A collection of logically related project activities that culminates in the completion of one or more deliverables
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Project Review
An event at the end of a phase or project to assess the status, evaluate the value delivered, and determine if the project is ready to move to the next phase or transition to operations
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Project Schedule
An output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources
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Project Schedule Network Diagram
A graphical representation of the logical relationships among the project schedule activities
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Project Scope
The work performed to deliver a product, service, or result with the specified features and functions
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Project Scope Statement
The description of the project scope, major deliverables, and exclusions
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Project Team
A set of individuals performing the work of the project to achieve its objectives
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Project Vision Statement
A concise, high-level description of the project that states the purpose and inspires the team to contribute to the project
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Project Work Performance Domain
The performance domain that addresses activities and functions associated with establishing project processes, managing physical resources, and fostering a learning environment
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Prototype
A working model used to obtain early feedback on the expected product before actually building it
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Quality Management Plan
A component of the project or program management plan that describes how applicable policies, proceeders, and guidelines will be implemented to achieve the quality objectives
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Quality Policy
The basic principles that should govern the organization's actions as it implements its system for quality management
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Quality Report
A project report that includes quality management issues, recommendations for corrective actions, and a summary of findings from quality control activities and may include recommendations for process, project, and product improvements
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Register
A written record of regular entries for evolving aspects of a project, such as risks, stakeholders, or defects
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Regression Analysis
An analytical method where a series of input variables are examined in relation to their corresponding output results in order to develop a mathematical or statistical relationship
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Regulations
Requirements imposed by a governmental body. These requirements can establish product, process, or service characteristics, including applicable administrative provisions that have government-mandated compliance
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Release
One or more components of one or more products, which are intended to be put into production at the same time
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Release Plan
The plan that sets expectations for the dates, features, and/or outcomes expected to be delivered over the course of multiple iterations
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Requirement
A condition or capability that is necessary to be present in a product, service, or result to satisfy a business need
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Requirements Documentation
A record of product requirements and other product information, along with whatever is recorded to manage it
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Requirements Management Plan
A component of the project or program management plan that describes how requirements will be analyzed, documented, and managed
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Requirements Traceability Matrix
A grid that links product requirements from their origin to the deliverables that satisfy them
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Reserve
A provision in the project management plan to mitigate cost and/or schedule risk, often used with a modifier (e.g., management reserve, contingency reserve) to provide further detail on what types of risk are meant to be mitigated)
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Reserve Analysis
A method used to evaluate the amount of risk on the project and the amount of schedule and budget reserve to determine the reserve is sufficient for the remaining risk
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Resource Breakdown Structure
A hierarchical representation of resources by category and type
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Resource Management Plan
A component of the project management plan that describes how project resources are acquired, allocated, monitored, and controlled
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Responsibility
An assignment that can be delegated within a project management plan such that the assigned resource incurs a duty to perform the requirements of the assignment
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Rework
Action taken to bring a defective or nonconforming component into compliance with requirements or specifications
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Risk
An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives
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Risk Acceptance
A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs
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Risk-Adjusted Backlog
A backlog that includes product work and actions to address threats and opportunities
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Risk Breakdown Structure (RBS)
A hierarchical representation of potential sources of risks
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Risk Exploiting
A risk response strategy whereby the project team acts to ensure that an opportunity occurs
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Risk Enhancement
A risk response strategy whereby the project team acts to increase the probability of occurrence or impact of an opportunity
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Risk Escalation
A risk response strategy whereby the team acknowledges that a risk is outside of its sphere of influence and shifts the ownership of the risk to a higher level of the organization where it is more effectively managed
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Risk Exposure
An aggregate measure of the potential impact of all risks at any given point in time in a project, program, or portfolio
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Risk Management Plan
A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed
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Risk Mitigation
A risk response strategy whereby the project team acts to decrease the probability of occurrence or impact of a threat
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Risk Register
A repository in which outputs of risk management processes are recorded
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Risk Report
A project document that summarizes information on individual project risks and the level of overall project risk
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Risk Review
The process of analyzing the status of existing risks and identifying new risks. May also be known as risk assessment.
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Risk Sharing
A risk response strategy whereby the project team allocates ownership of an opportunity to a third party who is best able to capture the benefit of that opportunity
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Risk Transference
A risk response strategy whereby the project team shifts the impact of a threat to a third party, together with ownership of the response
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Roadmap
A high-level time line that depicts such things as milestones, significant events, reviews, and decision points
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Role
A defined function to be performed by a project team member, such as testing, filing, inspecting, or coding
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Root Cause Analysis
An analytical method used to determine the basic underlying reason that causes a variance or a defect or a risk
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Scatter Diagram
A graph that shows the relationship between two variables
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Schedule
An output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources. Also known as project schedule.
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Schedule Baseline
The approved version of a schedule model that can be changed using formal change control procedures and is used as the basis for comparison to actual results
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Schedule Compression
A method used to shorten the schedule duration without reducing the project scope
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Schedule Management Plan
A component of the project or program management plan that establishes the criteria and the activities for developing, monitoring, and controlling the schedule.
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