Project Management: Definitions and explanations page 4 PDF | Download eBooks
Learn project management terms with definitions and explanations, PMP terminologies (Page 4) for MBA degree programs.
- What is Finish to Start?
In a project schedule, relationship between the project related tasks and activities must be developed. however, ... - What is Fixed Budget Method?
When the needs of procurement are identified, the suitable sources must be selected. first, the needs ... - What is Fixed Price Contract?
There are many types of contracts that can be made between a customer and a contractor ... - What is Fixed Price Incentive Fee?
A legal document that lists the terms and conditions of working, agreed by two parties is ... - What is Fixed Price With Economic Price Adjustment?
When two parties agree on working together, a contract binds them legally to fulfill the requirements ... - What is Flow Chart?
It is important to completely understand the process before improving it. for this reason, flow charts ... - What is Force Field Analysis?
The conditions or environment for a project change from time to time and the changes are ... - What is Forecasted Cost at Completion?
As the cost performance is tracked regularly, it can be forecasted what the actual cost will ... - What is Forming?
When a team is developed, it always takes time for the members to start trusting each ... - What is Free Slack?
Sometimes an activity takes more time than the estimated duration. moreover, activities can be postponed due ... - What is Front-End Analysis?
Training and education is a very important part of project. different organization adopt same methodologies, still ... - What is Functional Organization?
A functional organization structure is usually used by organizations whose major aim is to produce standard ... - What is Functional Requirements?
Requirements can be categorized by an organization into two categories; business requirements and technical requirements. further ... - What are Functional Specifications?
Requirements must be identified before carrying out a project. requirements of a project are defined using ... - What is Gantt Chart?
A gantt chart is a technique used for network planning. developed in 1900's, it is the ... - What is Governance?
The general meaning of governance is the way of ruling or controlling. people responsible for running ... - What is Grade?
Grade is related to the categorization of products which are similar in function but possess different ... - What is Groupware?
Due to globalization, individuals living in different countries or cities are added to the project team. ... - What is Histogram?
Histogram is a graphical representation of data in the form of bars. they are used to ... - What is Identifying Stakeholder?
Stakeholder is a person, an organization or a group of people or organizations that is involved ... - What is Impact Influence Grid?
Different techniques can be used to represent the data and information that is collected for the ... - What is Individual Project?
A project is a time specific, one time activity within limited budget and resources. projects can ... - What is Influence Diagram?
There are several tools and techniques to perform quantitative risk analysis. one of them is influence ... - What is Informal Project Management?
Projects can be managed either formally or informally. nowadays, organizations are moving towards informal project management. ... - What is Information Management?
Information regarding different components of the project e.g. resources, tasks, schedule, costs etc. must be transferred ... - What is Information System?
With the increase in the use of technology, organizations are automating even their simple operations or ... - What is Initiating Process Group?
A process group, as the name indicates, is a set of one or more processes. process ... - What is Inspection?
Inspection involves examining a product to scrutinize, based on its conformance to requirements. the quality standards ... - What is Integrated Change Control?
Changes in the project are inevitable. the initiated changes must be managed and controlled effectively. a ... - What is Integrated Product or Project Teams?
A project requires a project team that is responsible to perform the project related activities. a ... - What is Interactional Leadership?
In order to efficiently perform the assigned tasks and successfully complete the project, project team members ... - What is Interactive Communication Model?
It is important to communicate any type of information in order to be understood. communication can ... - What is Internal Dependencies?
Activities associated with the project are interdependent and linked together. a dependency is basically when one ... - What are Internal Failure Costs?
Everything comes with a cost. when an organization tries to reduce the costs associated with non-conforming ... - What is Internal Post Project Evaluation?
A project is usually evaluated from time to time however, it is important to a completed ... - What is Internal Rate of Return?
In order to select a project among all the opportunities and alternatives, a selection criteria is ... - What are Interpersonal Skills?
Interpersonal skills work closely with the communication skills. this set of skills is very important for ... - What is Issue Log?
Issues and problems during a project are inevitable. as different people work together, or different components ... - What is Iteration Burn down Chart?
After the project schedule is developed, it must be managed well. the project schedule must be ... - What is Job Description?
In order to select the financial compensations and rewards for the project team members, it is ... - What is Just-in-Time Manufacturing?
In quality management, a concept of just-in-time is generally used. just-in-time manufacturing is a type of ... - What are Key performance indicators?
The main focus of the organizations while carrying out projects is to make sure that the ... - What is Knowledge Management?
Knowledge is divided into two categories; tactic knowledge which is difficult to express e.g. beliefs, experience ... - What is Labor Efficiency?
A concept that outlines the fact that a person gets better at a job, the more ... - What is Lack of Commitment?
A project team members should be able to understand the objective of the project they are ... - What is Laddering?
It is important to divide a project into activities and tasks that are to be completed ... - What is Lag?
The project related activities are defined and the relation between the activities are established and understood. ... - What is Laissez Faire Leadership?
Leadership refers to guide, motivate and influence people. a leader inspire others and is able to ... - What is Latest Finish Time?
A project must be divided into the tasks and activities in order to assign and perform ... - What is Latest Start Time?
Projects are divided into their associated activities and tasks using work breakdown structure. after that, network ... - What is Lead?
While scheduling a project's activities, it is important to understand the relationship between the activities i.e. ... - What is Leadership Ability?
A project manager should have leadership abilities that enables him to inspire his project team members. ... - What is Legitimate Power?
A project manager is granted several authorities and powers while carrying out a project. he/ she ... - What is Life Cycle Cost Analysis?
Life cycle costing involves calculating the costs of the product throughout its life for decision making. ... - What is Life Cycle Cost?
Traditionally, the cost of a product was divided into different parts, based on the stages of ... - What is Life Cycle Leadership Model?
Leadership is an important aspect of a project manager's behavior. a project manager must possess excellent ... - What is Logic Diagram?
There are different types of diagrams that are used to graphically represent a project and its ... - What is Logical Data Model?
An organization can involve a very large amount of data. the visual representation of this data ... - What is Maintenance Planning?
Projects are divided into different classes based on the deliverables they provide to the customers. one ... - What is Make-or-Buy Analysis?
In the process of procurement management, data regarding the need of procurement is collected. the gathered ...