Project Management: Definitions and explanations page 5 PDF Book
Learn project management terms with definitions and explanations, PMP terminologies (Page 5) for MBA degree programs.
- What is Malcolm Baldrige National Award?
The baldrige excellence program has formed basis for a number of international awards in quality. one ... - What is Manageability?
Usually the factors important regarding a project associated risk are probability of occurrence and impact on ... - What is Management Elements?
To run an organization, effective management is important. management is comprised of different components and aspects. ... - What is Management Review?
It is not a good practice to check the performance of the project after its completion ... - 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 Management Systems School?
Project management is closely related to general management as many of the functions and principals of ... - What is Managing Change?
When a project is carried out, it never goes as planned. changes occurring in the project ... - What is Managing Communication?
After the communications are planned according to the communication requirements, communication must also be managed. the ... - What is Managing Project Knowledge?
After the project is planned, the main focus of the project team is to execute the ... - What is Managing Quality?
When a quality management plan is developed for a project, it is necessary to implement the ... - What is Managing Stakeholder Engagement?
Identification of project stakeholders is important to increase their engagement in the project. that is why ... - What is Managing Team?
A project team consisting of a number of members, all possessing different skill sets, work together ... - What is Mandatory Dependencies?
Activities associated with the project are interdependent and linked together. a dependency is basically when one ... - What is Manufacturing Break?
As the name indicates, manufacturing break is the time between two manufacturing orders. when a manufacturing ... - What is Market Research?
In the process of procurement management, some tools and techniques can be used for data collection. ... - What is Master Production Schedule?
When the work is planned and authorized, using subdivided work description (swd), the production can take ... - What is Matrix Diagram?
As the name indicates, matrix diagrams involve rows and columns like a matrix and tend to ... - What is Matrix Layering?
A matrix organization is a combination of functional organization and project-based organization. the functional employees become ... - What is Matrix Project?
A systems view of project management broadly classifies projects into different categories. these categories take into ... - What is Matrix-Type Organization?
A matrix type organization is a combination of functional organization and project-type organization. although the matrix ... - What is Maturity?
Organizations undertake a number of projects. with the passage of time, they understand the proper techniques ... - What is Meeting?
A meeting is an assembly of two or more people to discuss something important in a ... - What is Milestone List?
Milestones are basically specific points in a project which are to be achieved to successfully complete ... - What is Mind Mapping?
A tool that diagrammatically provides visual information on a particular concept is called mind mapping. mind ... - What is Monitoring and Controlling Process Group?
Five different types of project management process groups are used throughout the project life cycle. these ... - What is Monitoring and Controlling Project Work?
It is important to monitor the performance of a project. the monitoring is necessary to identify ... - What is Monitoring Communication?
Communication within the project is necessary. the communication requirements of the project are to be identified ... - What is Monitoring Stakeholder Engagement?
Key stakeholders of the project are identified at early stages. due to this identification, the engagement ... - What is Monte Carlo Process?
Uncertainties are associated with every project. these uncertainties and risks must be identified and analyzed byt ... - What is Most Likely Time?
After the planning phase of a project, the tasks and activities associated with the project are ... - What is Motivation?
Different project manager may use different management philosophies. the philosophies involve different principals or functions. one ... - What is Multi Criteria Decision Analysis?
Situations during a project arise when tough decisions are to be made. although decisions are made ... - What is Needs Identification?
The first stage of a project life cycle is needs identification. a customer identifies opportunities or ... - What is Net Present Value Method?
An organization identifies different opportunities for a project. these opportunities must be evaluated to select the ... - What is Network Planning?
In the planning phase of a project, the activities or tasks involved in the successful completion ... - What is Nominal Group Technique?
When brainstorming, a large number of ideas are generated as brainstorming focuses on quantity rather than ... - What is Non-Functional Requirements?
The requirements of the product or service is broadly classified into two groups. these groups are ... - What is Normal Cost?
When the activities are performed under normal time, the cost associated with the activities is called ... - What is Normal Time?
When the time duration of the activities are estimated, they are considered to be performed under ... - What is Norming?
When different people start working together, they have a feeling of nervousness, are not been able ... - What is On-Demand Scheduling?
Scheduling provides the direction on how and when the project associated activities must be performed and ... - What is Operations Management?
Although operations management is never studied under the project management field yet it is somewhat linked ... - What is Opportunity Acceptance?
There are a number of strategies that can be used to exploit opportunities and use them ... - What is Optimistic Time?
When a project is planned, the activities associated with the project are defined and their time ... - What is Oral Communication?
Communication is a key part of successful project management. one type of communication within and outside ... - What is Organizational Breakdown Structure?
The human resource of the project is assigned with different tasks and responsibilities. these responsibilities and ... - What is Organizational Process Assets?
Organizations work with different resources and assets. these can include plans, policies, processes, procedures, knowledge etc. ... - What is Organizational Project Management?
Although a project, program and portfolio, all have their own goals and objectives, strategies, methods and ... - What are Organizational Skills?
Program managers work in the organizations so they must know the way of working for and ... - What is Organizational System?
When organizations carry out projects, they are performed under certain constraints that are imposed by the ... - What is Organizational Theory?
An organizational theory shows how the individuals interact with each other and studies the effects of ... - What is Organizing?
One of the responsibilities of a project manager is organizing the project. it involves allocating appropriate ... - What is Overhead?
Overhead is a term used for the indirect costs of a project. overhead refer to the ... - What is Parametric Estimating?
It is important to estimate the costs and activity durations after the project is decomposed into ... - What is Pareto Diagram?
Non-conformities in products can occur due to many different reasons. whatever the reason of defects is, ... - What is Partnership?
If a project is small, it is possible for an organization to work alone on it ... - What is Payback Period?
A project must be selected based on a pre-defined selection criteria. a way of selecting a ... - What is Payment Term?
When a contract is made between a customer and a contractor to carry out a particular ... - What is Penalty Power?
Interpersonal influences are the types of informal powers of a project manager that he or she ... - What is Perceived Failure?
When the expectations are unrealistic, it is considered that failure will definitely occur. this is called ...