Project Management: Definitions and explanations page 1 PDF | Download eBooks
Learn project management terms with definitions and explanations, PMP terminologies (Page 1) for MBA degree programs.
- What is Project?
A project is a temporary effort which aims to achieve a specific objective by performing a ... - What is Project Scope?
A project scope involves all the work that is related to the project that must be ... - What is Project Schedule?
A project schedule is a timetable that shows the duration of the project activities and tasks. ... - What is Project Cost?
A customer determines a number of deliverables of a project. to provide each deliverable, a specific ... - What is Project Objective?
A project objective is basically the desired result of a project as mentioned by the customer. ... - What is Project Life Cycle?
A project undergoes a series of phase or stages throughout its life. this is called project ... - What is Request for Proposal?
In order to identify the needs and requirement for a project, a document is written which ... - What is Project Manager?
The leader of the team developed to carry out a project is called project manager. the ... - What is Project Management Process?
When a potential project is identified, it must be managed effectively for its successful completion. a ... - What is Work Breakdown Structure?
A project has to be divided into pieces. these pieces are also called work packages. a ... - What is Base line Plan?
Baseline plan is a detailed plan of a project. it includes the project budget, schedule, project ... - What is Needs Identification?
The first stage of a project life cycle is needs identification. a customer identifies opportunities or ... - What is Project Selection?
Customers generate several ideas of different projects or identify the opportunities to convert them into potential ... - What is Statement of Work?
A statement of work refers to the project scope. it gives the tasks and activities that ... - What are Customer Requirements?
Customer requirements are the features or attributes of the project that a customer expects. requirements must ... - What are Deliverables?
Deliverables are the expectations of the customer from the contractor and its project team. deliverables are ... - What is Evaluation Criteria?
The proposals from different contractors are evaluated by the customers based on some criteria. these are ... - What is Due Date?
When a customer initiates request for proposal, the request for proposal should include some key points ... - What is Relationship building?
In order to do pre-rfp efforts, it is important to build relationships with the customers. relationship ... - What is Pre RFP?
Some contractors develop strong relationships with the potential customers in order to submit proposal before a ... - What is Bid and No-Bid Decision?
It is not necessary for a contractor to submit proposal for a project of the same ... - What is Proposal?
When a customer requests for proposal, contractors respond in the form of a detailed document outlining ... - What is Proposal Manager?
In response to the request for proposal from a customer, potential contractors develop an effective proposal ... - What is Technical Section of a Proposal?
A proposal from a contractor for a particular project is divided into three sections. one of ... - What is Exception?
The requirements of a project are identified by the customer. these requirements are communicated to potential ... - What is Management Section of a Proposal?
Every project requires a proposal from a contractor. there are three sections of a project proposal. ... - What is Project Organization?
It is better to describe all the activities related to the project and the way to ... - What is Cost Section of a Proposal?
A customer requests the contractors for proposals for a particular project. this proposal from a contractor ... - What is Overhead?
Overhead is a term used for the indirect costs of a project. overhead refer to the ... - What is Contingency?
Contingency is also termed as management reserve. the costs of all the activities are estimated by ... - What is Best and Final Offer (BAFO)?
When a customer requests for proposal for a particular project, contractors submit proposals outlining the deliverables ... - What is Contract?
A contract is usually a written document showing the agreement between a customer and a contractor ... - What is Fixed Price Contract?
There are many types of contracts that can be made between a customer and a contractor ... - What is Cost Reimbursement Contract?
To carry out a project, a customer and contractor makes a contract for that specific project. ... - What is Payment Term?
When a contract is made between a customer and a contractor to carry out a particular ... - What is Win Ratio?
When trying to submit a proposal in response to request for proposal, a contractor assesses its ... - What is Risk?
Every project has some uncertainty. there is always a chance that an unfortunate event might happen ... - What is Risk Management?
Risk management is a crucial part of project management. it involves all the steps related to ... - What is Risk Identification?
Risk identification involves identifying potential risks to the project and determining their impact and consequences on ... - What is Risk Assessment?
Every project has some uncertainty. it is important for the project team to identify and assess ... - What is Risk Assessment Matrix?
Risk assessment matrix is a tool used to identify potential risks and their impacts on a ... - What is Risk Response Planning?
A risk response planning process involves preparing a plan which will be implemented in response to ... - What is Contingency Plan?
Sometimes a task or an activity fails in the first time while carrying out the project. ... - What is Risk Monitoring?
Uncertainty is a part of every project. the project team is responsible to identify and assess ... - What is Project Control?
When a contract is made with the contractor and the project starts, it is important to ... - What is Reporting Period?
When a contract is made with the contractor and the project starts, it is important to ... - What is Project Termination?
The final phase of a project's life cycle is termination. a project should not be terminated ... - What is Internal Post Project Evaluation?
A project is usually evaluated from time to time however, it is important to a completed ... - What is Customer Feedback Meeting?
When a project is completed, a meeting with the customer is conducted to get feedback regarding ... - What is Early Project Termination?
Although a project is to be terminated properly at the end of its life cycle, however, ... - What is Responsibility Matrix?
After the activities and tasks of the project are identified, the sequence is established and the ... - What is Activity?
In the process of planning a project, the first step is to identify the activities associated ... - What is Network Planning?
In the planning phase of a project, the activities or tasks involved in the successful completion ... - What is Gantt Chart?
A gantt chart is a technique used for network planning. developed in 1900's, it is the ... - What is Activity in the Box?
In the planning phase of a project, all the activities and tasks are listed and organized ... - What is Activity on Arrow?
The planning phase of a project involves listing and organizing all the project related activities in ... - What is Event?
The term event is used in the activity on arrow format of the network diagram. in ... - What is Predecessor Event?
Generally, a predecessor event refers to an event that immediately precedes the next event without any ... - What is Successor Event?
Generally, a successor event refers to an event that immediately follows a previous event without any ... - What is Dummy Activity?
In the format of network diagram related to activity on arrow, sometimes a dummy activity is ...