Project Management: Definitions and explanations page 9 PDF | Download eBooks
Learn project management terms with definitions and explanations, PMP terminologies (Page 9) for MBA degree programs.
- What is Supply Support?
Different projects provide different deliverables to the customers. on the basis of that, the projects are ... - What is Support Equipment?
Material project is a type of project which requires services and maintenance of the project deliverables ... - What is Technical Data?
There are different types of project. the project types are based on the type of deliverable ... - What is Training Support?
Logistics support is a term given to providing maintenance, repair and support to project deliverables after ... - What is Design Interface?
Whenever projects are carried out, the main aim is to provide the required deliverables to the ... - What are Facilities?
Material projects are the types of projects that involve some material/physical deliverables that are to be ... - What is Supportability?
Logistic support is defined as the process of maintaining and repairing the project deliverables after they ... - What is Readiness?
Customers define their requirements of the project. these requirements must be translated to the acceptable deliverables ... - What is Capital Budgeting?
An organization can identify several different opportunities for a new project. the top management of the ... - What is Payback Period?
A project must be selected based on a pre-defined selection criteria. a way of selecting a ... - What is Net Present Value Method?
An organization identifies different opportunities for a project. these opportunities must be evaluated to select the ... - What is Internal Rate of Return?
In order to select a project among all the opportunities and alternatives, a selection criteria is ... - What is Capital Rationing?
An organization can identify several different opportunities for a new project. the top management of the ... - What is Variance?
Variance is generally defined as deflection, deviation or inconsistency from a planned path. variance in project ... - What is Decision Making Under Certainty?
65decisions are to be made at every step of the project, from start till the end. ... - What are Demonstration Events?
Risk control is the process of reducing the risk probabilities of occurrence and associated impact on ... - What is Robust Design?
It is must that a project contains risks. these risks must be identified and monitored in ... - What is Test Analyze and Fix?
Risks in a project are inevitable. risks must be identified, monitored and controlled. the chances of ... - What is Labor Efficiency?
A concept that outlines the fact that a person gets better at a job, the more ... - What is Manufacturing Break?
As the name indicates, manufacturing break is the time between two manufacturing orders. when a manufacturing ... - What is Project Management Maturity Model?
Organizations tend to achieve excellence in the field of project management. it is not necessary that ... - What is Competency Model?
Traditionally, the project manager for a project is selected based on the job description. job description ... - What is Malcolm Baldrige National Award?
The baldrige excellence program has formed basis for a number of international awards in quality. one ... - What is Quality Policy?
Although it is important to provide the deliverables to the customer and complete the project on ... - What are Quality Objectives?
Quality improvement and management has become a necessary part of project management. customers not only want ... - What is Quality Assurance?
The traditional concept of project management was to provide require deliverables to the customer. the new ... - What is Quality Control?
In the field of quality management, it is necessary to assure the quality of the product ... - What are Prevention Costs?
When an organization focuses on quality management. some costs are incurred. these costs are called costs ... - What are Appraisal Costs?
Quality management involves processes and activities that help to prevent quality defects, and assure and control ... - What are Internal Failure Costs?
Everything comes with a cost. when an organization tries to reduce the costs associated with non-conforming ... - What are External Failure Costs?
Organizations, nowadays, are adopting quality management. when the products of an organization are monitored to make ... - What is Data Table?
In order to control quality, the processes are focused. it is considered that the products become ... - What is Pareto Diagram?
Non-conformities in products can occur due to many different reasons. whatever the reason of defects is, ... - What is Variable Control Charts?
In order to control the non-conformities in the produced products, it is important to focus on ... - What is Process Capability?
A process that produces the products must be capable enough to produce all the products according ... - What is Acceptance Sampling?
Quality control has become an important part within an organization. the products produced by an organization ... - What is Producer's Risk?
Sometimes, it is not possible to inspect all the produced products to check the quality. due ... - What is Consumer's Risk?
Wherever 100% inspection of products is not possible, organization adopts the process of acceptance sampling. acceptance ... - What is Quality Leadership?
Project management and total quality management are closely related when it comes to leadership. the elements ... - What is Quality Circle?
Quality is not the responsibility of an individual. several people of the organization must be involved ... - 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 is Requirement Cycle?
When a project is to be carried out, it is important to identify the requirements. the ... - What are Design Specifications?
The first step of a project is to identify the requirements for the project. the requirements ... - What are Performance Specifications?
Requirement cycle of the project involves defining the requirements. the requirements of the project can be ... - What are Functional Specifications?
Requirements must be identified before carrying out a project. requirements of a project are defined using ... - What is Solicitation Cycle?
After the requirements are identified, the needed products, services, supplies or items must be acquired. there ... - What is Award Cycle?
After the requirements are identified, the needed products or services are acquired by selecting the appropriate ... - What is Completion Contract?
The final stage of the procurement process is to select the appropriate type of contract and ... - What is Term Contract?
The award cycle of the procurement process ends with signing a contract with the selected supplier ... - What is Contract Administrator?
When a contract is made between customer organization and a contractor, it is important to monitor ... - What is Accessibility?
A project manager is responsible to carry out a project effectively, efficiently, and successfully. there are ... - What is Common Cause Variation?
A process can have different types of variations. a type of process variation that has known ... - What is Staffing?
A project manager is responsible to communicate with, motivate and encourage the team members to carry ... - What is Supervising?
As different project managers use different management school philosophies, their style of management is different form ... - What is Motivation?
Different project manager may use different management philosophies. the philosophies involve different principals or functions. one ... - What is Counseling?
Directing is a function of management which must be performed by a project manager. project team ... - What is Coordinating?
Directing subordinates (project team members) is an important function of management. a project manager must be ... - What is Theory X?
There can be different ways to perform the principals and functions of management. these ways depend ... - What is Theory Y?
Project managers tend to adopt different strategies to direct their project team members. a strategy to ... - What is Life Cycle Leadership Model?
Leadership is an important aspect of a project manager's behavior. a project manager must possess excellent ...