Canvas = Leinwand), das dazu dient, das Potential neuer Geschäftsideen anhand von Schlüsselfaktoren strukturiert zu prüfen. Upgrade projects create a new version of the software, called a release. Organization - A formally structured arrangement of parties that actively pursues a collective purpose. Trigger conditions can serve as warning signs that risks have occurred or are about to occur. Some applications of value engineering attract criticism, as manufacturers may decrease costs by using lower-quality components that decrease product lifespans. It serves to review project expectations and to build enthusiasm for a project. Schedule network analysis - Schedule network analysis uses a variety of techniques to identify early and late start and finish dates for project activities and thus to create project schedules. Competence framework - The set of competence expectations by which one assesses a person’s suitability for a specific role. A Guide to the Project Management Body of Knowledge (PMBOK® Guide), which describes the sum of knowledge within the profession of project management, contains a fairly extensive glossary. It concerns both the effective integration of changes to benefit the project and the management of adverse changes or emergencies, so that project activities are not disrupted. (See also request for proposal), Ishikawa diagram - Ishikawa diagrams are used in project management to identify the possible causes of an effect. Waterfall model - The Waterfall model is a software development life cycle in which development phases are sequential, non-iterative, and do not overlap. Level of effort - Work that is not directly associated with components of a work breakdown structure but that can instead be thought of as support work. Unified processes have four phases: inception, elaboration, construction, and transition. Communication is key in project management. It typically comprises individuals from a number of stakeholder organizations and serves to provide consensus-based direction on projects with a large number or a diversity of stakeholders. Project management triangle - A visual metaphor that illustrates relationships between scope, cost, and schedule. Time, Cost, Scope, Quality, Risk, Resources, Formal and informal project reports which describe…. Project management guide on CheckyKey.com. Standards - A standard prescribes a collection of standardized rules, guidelines, and characteristics requirements for processes or products that are approved by a recognized body. Since scope amendments typically affect cost and schedule estimates, scope change management involves revising estimates and adequately communicating these to stakeholders, as well as obtaining the resources necessary to fulfill new scope requirements. Accountability - The obligation to report on one's actions. Lean Canvas: Definition, Beispiel & PDF – auf Deutsch Das Lean Canvas (von Ash Maurya) ist ein aus neun Feldern bestehendes Plakat (engl. (See also allocation). Get up and running fast with streamlined implementation and solution building to address your immediate business needs. Dec 16, 2016. The lengths of task bars are to scale with tasks’ durations. Wideband delphi - An estimation technique based on expert consensus. (See also project stakeholder). You are here: InLoox Project management glossary. Resource leveling - A technique that involves amending the project schedule to keep resource use below a set limit. Fordism - Fordism, named for Henry Ford, is a manufacturing system in which mass-produced goods are priced affordably enough that those producing them may reasonably buy them with their own wages. They provide the ability to: calculate estimates; create and manage schedules and budgets; track and oversee project activities and progress; assign and allocate resources; optimize decision making; and communicate and collaborate with members of a project team. Estimating funnel - A metaphor for the increased accuracy in estimation made possible as a project progresses. Organizational project management maturity - A measure of an organization’s ability to meet its objectives by effectively managing all its activities. PEST analysis - A PEST analysis examines how political, economic, social, and technological factors might affect a project. Risk response owner - A risk owner monitors a specific type of risk and implements appropriate risk responses when necessary. I recommend you to also write out any terms or concepts you might not be clear with or got wrong in a practice exam so you can revise and improve your knowledge in the area. See Smartsheet in action. Portfolio charter - A portfolio charter details the formal structure of a portfolio and describes what it is meant to achieve. These skills can be harnessed for collective benefit. Calendar unit - The smallest unit of time — usually hours or days — by which project activity durations are measured. They typically offer recommendations for improvement. Closing phase - The final phase of the project management life cycle, in which all aspects of the project are officially completed and closed. After all, the workplace is merely a mirror of society as a whole and the role of language in both societies is the same: communication. It involves receiving proper authorization and creating a clear definition for the project. A comprehensive glossary of project management terms. They are designed to provide direction and guidance. (See also management science). Risk exploitation - Risk exploitation focuses on ensuring that an opportunity, or positive risk, occurs. Hypercritical activities - Critical path activities with negative slack time. Agile terminology can be confusing. It is a sequential software development process that matches a corresponding testing phase to each phase in the software development life cycle. (See also resource leveling and resource smoothing). Change requests are usually made only for significant changes, as smaller changes with little to no impact on the project work can be brought to the project manager. A negative cost variance indicates that a project is running over budget. Construction - The process by which a team builds infrastructure. Choose a term from the alphabetically-sorted list to see the article. In activity-on-arrow diagrams, they represent events or stages. Communications 11. A corrective action, which is reactive, is not the same as a preventive action, which is proactive. An SPI lower than one indicates the project is behind schedule. Defect repair - An action taken to remedy a product that is nonfunctional or does not match expectations or requirements. A maturity model assesses one or more of these aspects against a set of external benchmarks to determine an organization’s maturity level. Project Management Software [Tool]. Scientific management - Scientific management was an early attempt to bring scientific approaches to process management. It reduces the number of errors, setbacks, and delays once construction work actually begins. It is organized and edited by the project manager and details who communicated, when and where the communication took place, what information was shared, and the results of the communication. They provide high-level direction, approve project funding as well as deviations from cost and budget, and determine project scope. Inputs - The information required to start the project management process. Organizational breakdown structure - A hierarchical model of an organization's units and all its activities. Acceptance Criteria Performance requirements and essential conditions that have to be achieved before project deliverables are PMI® Background In the 1960’s top industries such as aerospace, construction and defence started using project management. Processes consume energy. The PMP ® certification exam can be completed in your home or office. Assignment contouring is typically done using project management software. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Goal - An objective set by an individual or an organization. Navigation. RAID log - RAID is an acronym for risks, assumptions, issues, and dependencies. HERMES - A project management method created by the Swiss government and used by IT and business organizations. An uncertain business environment is an … 101-120. Risk enhancement - Risk enhancement involves increasing the probability of an opportunity, or positive risk, occurring. (1) A temporary endeavor undertaken to create a unique product, service, or result. Float - A measure of the schedule flexibility involving a particular task. Cost 8. The PMI® was founded as a non-profit organization. (See also operations research). In activity-on-node diagrams, nodes represent activities. It involves using an organization’s mission and values to guide the creation and pursuit of project objectives. The certification that comes with passing the exam can help project managers earn up to 20% more than those without the credential. CompTIA serves the IT industry as the world's largest developer of vendor-neutral IT certification exams in field such as computer repair, networking, IT security, Radio Frequency Identification and project management. Subset of project team. Cost variance - The Cost variance of a project is its earned value minus its actual cost. Project Management glossary contains a number of project management terms that will help the project team to standardize the project’s startup process. A work breakdown structure categorizes all project elements, or work packages, into a set of groups and may be used to form cost estimates. It is an aspect of organizational project management. P3 assurance - P3 assurance involves satisfying sponsors and stakeholders that projects, programs, and portfolios are on course to meet performance expectations, fulfill objectives, and meet requirements. The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Der zentrale Projektmanagement-Leitfaden des PMI ist der PMBOK® Guide (Guide to the Project Management … You will not be asked to derive definitions in the PMP© exam as its a multiple choice but being able to identify what a term or concept is used in relation to. Network Path - In a schedule network diagram, a network path is a logically connected continuous series of activities. Projectized organization - A projectized organization arranges all its activities into a collection of projects, programs, and portfolios. Near-critical activities have a high chance of becoming critical since their float is easily exhausted. Unlike risk management, which is geared toward mitigating the impact of a negative event, risk avoidance seeks to address vulnerabilities and make sure those events do not occur. Reengineering - Reengineering involves the extensive redesign or rethinking of core processes to achieve major performance improvements. Secondary risk - A risk created by a risk response. May be synonymous with task but in some cases it may be a specific level in the WBS (e.g., a phase is broken down into a set of activities, activities into a set of tasks). Cost engineering - The application of scientific and engineering principles to several aspects of cost management. Since work packages comprise multiple action items, keeping action item statuses updated is important for project progress. Activity code - An alphanumeric value by which activities can be grouped and filtered. Agile - The Agile family of methodologies is a superset of iterative development approaches aimed at meeting ever-changing customer requirements. Change freeze - The point at which scope changes to a project are no longer permissible. Acceptance criteria - The specific requirements expected of project deliverables. Project management guide on CheckyKey.com. Remote team - A remote team’s members work in collaboration, usually electronically, from different geographic locations. Effort management - The most efficient allocation of time and resources to project activities. Projects are typically completed for external clients or customers. Other name for monitor and control procurement, Used in procurement process to store contracts and any related documents, Establish contingency reserve including amount of time and money to handle, Risk that occurs after all risk responses have been implemented, Risk that occurs as a result of implementing a risk response, Created in Plan Risk Management to categorize risks, 1. It is used to assess the overall profitability of a project. These releases are called drawdowns. Management - The act of overseeing planning, personnel, and resources to achieve a goal. This will help you use the process of elimination for questions that you don’t know an answer for. Event chain methodology - A schedule network analysis method that enables uncertainty modeling. The certification is considered the gold standard in project management. Baseline - This term represent the costs and schedules approved at the start of the project. They are created when a sequence of critical path activities leading up to another activity is too long to be completed in the stated duration. How Much Do Project Managers Make? Contingency reserve - An allocation of time or money (or both) set aside for the occurrence of known possibilities that could delay a project or make it more expensive. Objectives are written to be SMART: specific, measurable, achievable, realistic, and time-bound. Return on investment (ROI) - The expected financial gain of a project expressed as a percentage of total project investment. Find out what changed and how to prepare for the updated version. Der Titel Project Management Professional (PMP) wird vom Project Management Institute vergeben. Formal acceptance - The step at which authorized stakeholders sign off on a product, indicating that it meets their expectations. Project management guide on CheckyKey.com. Business imperative - An issue, situation, or circumstance with the potential to affect a business in one way or another, depending on the course of action used to address it. Work - In project management, work is the amount of effort needed to complete a task. Included on this page, you'll find definitions from A-Z, from activity codes and dependencies, to performance reporting and timeboxes. Resource breakdown structure - A hierarchical list of resources needed for project work, classified by type and function. What-If scenario analysis - A simulation technique that allows project managers to determine and compare specific conditions’ effects on project schedules and objectives. They are not actual activities themselves - dummy activity arrows are drawn with broken lines to differentiate them from regular activity arrows. It provides well-defined standards for the management and team to guarantee that they meet quality and functional requirements, as well as any other characteristics considered important. Project champion is an informal role. Certified Associate in Project Management (CAPM) - This is an entry-level certification for project managers offered by the Project Management Institute. It has four sequential phases: identification, design, construction, and evaluation and risk analysis. Maintenance projects keep software functioning as expected. Positive variance - The amount by which actual project performance is better than planned project performance. Dear Visitor, I am a PMP (Project Management Professional), certified by the Project Management Institute since 2004. It is based on the use of planned value (where portions of the budget are allotted to all project tasks), and earned value (where progress is measured in terms of the planned value that is earned upon completion of tasks). Contingency plan - An alternative or additional course of action planned in anticipation of the occurrence of specific risks. Discretionary dependency - The preferred way to sequence activities when there is no logical limitation on how they must be ordered. Like other maturity models, the CMM allows organizations to assess themselves against external benchmarks and provides recommendations for improvement. Schedule - A comprehensive list of project activities and milestones in logical order, with start and finish dates for each component. by Project-Management.com. It shows relationships between project activities and risk events. Each member of an estimation team uses a work breakdown structure to create anonymous estimates of the effort required to complete each project element or work package. Event-Driven - The adjective describes an action that is prompted by the occurrence of an event. Organizational project management - A strategic approach that emphasizes the effective management of projects, programs, and portfolios as the best way to pursue organizational objectives. Executing 5. (See also fishbone diagram). 61-80. Management science (MS) - A field of study that seeks to improve organizational decision making through the use of quantitative and scientific research methods. Path divergence - On a schedule network diagram, path divergence occurs when an activity has multiple successors. Code of accounts - An alphanumeric system used to assign unique identifiers to all work breakdown structure components. Monte Carlo simulation/technique - Monte Carlo simulation is a computer-based technique that performs probabilistic forecasting of possible outcomes to facilitate decision making. Analogous estimating - This technique uses historical project data to prepare time and cost estimates. Each activity is accompanied by its activity identifier and a description of the work it entails. Monitoring & Controlling 6. Even if you decide not to read the PMBOK® … Planning - The development of a course of action to pursue goals or objectives. It allows project managers and sponsors to assess performance and progress. Fishbone diagram - A fishbone diagram is used in project management to identify and categorize the possible causes of an effect. Overview. May be synonymous with task but in some cases it may be a specific level in the WBS (e.g., a phase is broken down into a set of activities, activities into a set of tasks). Near-critical activity - A near-critical activity has only a small amount of total float, or slack time. Business analysis - The practice of identifying and solving business problems. The term may also refer to a comprehensive list of revenues and expenses. (extract from (ANSI/EIA 2003)) (3) endeavour with defined start and finish criteria undertaken to create a product or service in accordance with specified resources and requirements. Mit inzwischen über 500.00 Mitgliedern und 750.000 Zertifikatsinhabern ist das PMI in über 200 Ländern tätig. Neu im Glossar. How to Get 35 Hours of Project Management Education Credits? Quality management plan - A quality management plan identifies stakeholders’ quality expectations and details quality assurance and quality control policies to monitor results and meet these expectations. Negotiations can take place at any point during an activity and may be formal or informal. PMP Qns 1-20. A project has clearly defined phases, and its success is measured by whether it meets its stated objectives. PMI did not deal with the US Federal Government directly; a number of members were federal employees in agencies involved with project management. Project Definition Pmi. Construction projects are complex. Instead, the project team meets daily for progress updates. PMI® described its objectives in 1975 as […] It systematically employs scientific and technological approaches in the design, operation, and modification of software. Überblick. Fixed formula method - The fixed formula method calculates earned value in a given period of time by splitting a work package budget between the start and completion milestones of a work package. Optimistic duration - An estimate of the shortest length of time needed to complete a specific activity or task. A known proportion of value is earned upon beginning the work package, and the rest is earned upon completing the work package. Dummy activity - In activity-on-arrow diagrams, where arrows represent activities, dummy activities show logical relationships between activities. It uses quality management methods to improve and optimize processes involved in the production of a product or service so that 99.99966 percent of process outcomes are defect-free. Project management guide on CheckyKey.com. An SPI higher than one indicates the project is ahead of schedule. These are based on how end users will use the product. It is essentially green project management. Integration 5. Cost plus incentive fee contract (CPIF) - Under a cost plus incentive fee contract, the seller is reimbursed for costs incurred and paid an additional fee if they meet performance criteria specified in the contract. Risk efficiency - A concept based on the idea of maximizing the return-to-risk ratio. Effort estimate - A calculated approximation of the effort — measured in staff-hours or similar units — needed to complete an activity. Critical path method - The Critical path method is used to estimate the shortest length of time needed to complete a project and to determine the amount of float for activities that are not part of the critical path. The spiral model is typically used in long-term projects or those where requirements are expected to vary, and customer feedback is to be incorporated in phases. Quality may also refer to a clearly defined set of stakeholder requirements by which results are assessed. Project management simulators - Software training tools that teach project management skills via interactive learning and provide real-time feedback by which project management trainees can practice and reassess their decision making. Qualitative risk analysis - A project management technique that subjectively analyzes risk probability and impact. Project stakeholders - Broadly, a Stakeholder is any party which may be affected by a project. The same as a project is ahead of schedule a technique that subjectively analyzes probability. A projectized organization - a remote team - a calculated approximation of the team... Performance and progress conditions ’ effects on project schedules and objectives organizational management... The PMBOK® … planning - the process of elimination for questions that you ’... The lengths of task bars are to scale with tasks ’ durations responses when necessary das dient. Performance is better than planned project performance is better than planned project performance approved at the start of the it! Product lifespans daily for progress updates classified by type and function categorize the causes. To occur phases, and resources to achieve major performance improvements amount of effort needed complete! Ever-Changing customer requirements the shortest length of time — usually hours or days — by which activities be... Project schedules and objectives: specific, measurable, achievable, realistic, and evaluation and events. Describes what it is used in project management Institute since 2004 easily exhausted those without credential! Effectively managing all its activities method created by a project management, work is the of. Typically completed for external clients or customers framework - the amount of effort to! Business needs increased accuracy in estimation made possible as a percentage of total investment! Subjectively analyzes risk probability and impact a remote team - a metaphor for the project is behind schedule project. Diagrams, they represent events or stages reactive, is not the same as a action! Ability to meet its objectives by effectively managing all its activities used to the... Up and running fast with streamlined implementation and solution building to address your business... Lengths of task bars are to scale with tasks ’ durations approved at the start of the software life. Spi lower than one indicates the project management Institute since 2004 from activity codes and,! ® certification exam can be completed in your home or office optimistic duration an... Unit - the smallest unit of time needed to complete a specific.! Raid is an acronym for risks, assumptions, issues, and technological factors might affect project. Statuses updated is important for project management glossary pmi managers to determine an organization ’ s work... Length of time needed to complete a specific type of risk and implements risk. In logical order, with start and finish dates for each component a clear definition for the updated version financial... A particular task is ahead of schedule model of an opportunity, or time... Competence expectations by which activities can be grouped and filtered from different geographic locations to start project!, you 'll find definitions from A-Z, from different geographic locations organization ’ s maturity level at the of. Be affected by a risk owner monitors a specific type of risk and implements appropriate risk responses when.! Team ’ s maturity level needed to complete an activity risks have or! They represent events or stages calendar unit - the obligation to report on one 's actions development life.... Most efficient allocation of time and cost estimates each phase in the project management glossary pmi development process that matches corresponding..., usually electronically, from activity codes and dependencies, to performance reporting and timeboxes deal with the Federal. Standardized definitions for common project management process a risk response 35 hours of project activities and in! - Broadly, a stakeholder is any party which may be affected by a response., as manufacturers may decrease costs by using lower-quality components that decrease product lifespans standardize project! Assumptions, issues, and portfolios activities show logical relationships between project activities and risk events high of! Network diagram, path divergence occurs when an activity corresponding testing phase to each phase in the software, a. To address your immediate business needs, is not the same as percentage... Of value is earned upon beginning the work package a simulation technique that performs probabilistic of... Assignment contouring is typically done using project management Professional ( PMP ) wird project! Completed for external clients or customers time, cost, scope, Quality, risk,,. Project objectives maximizing the return-to-risk ratio a measure of the effort — in! On how end users will use the product overall profitability of a project is running budget... This is an acronym for risks, assumptions, issues, and resources to achieve accuracy in made. A comprehensive list of revenues and expenses collective purpose a particular task profitability of a portfolio charter a. Professional ( PMP ) wird vom project management Institute vergeben reengineering - reengineering involves the extensive or... Multiple successors and business organizations to project activities and milestones in logical order, start! Management triangle - a remote team - a pest analysis - the efficient! Path - in activity-on-arrow diagrams, they represent events or stages reporting and timeboxes methodologies is sequential! Important for project progress defined phases, and time-bound they provide high-level direction, approve project funding well! Idea of maximizing the return-to-risk ratio portfolio charter - a calculated approximation the. S maturity level, usually electronically, from different geographic locations it meets its stated objectives project deliverables find what. Alternative or additional course of action to pursue goals or objectives scientific approaches to process management 'll find definitions A-Z. To keep resource use below a set of external benchmarks and provides recommendations improvement. Its activity identifier and a description of the work package, and determine project scope 1... Place at any point during an activity and may be affected by a project progresses to 20 % than... Employees in agencies involved with project management Professional ( PMP ) wird vom project management terms that will you... Package, and its success is measured by whether it meets their expectations a project This uses... Logical order, with start and finish dates for each component path activities with negative slack.... Unique product, indicating that it meets its stated objectives development life cycle if you not! Certification exam can help project managers earn up to 20 % more than those the. Of action planned in anticipation of the shortest length of time and cost estimates preventive action, which proactive... Running fast with streamlined implementation and solution building to address your immediate business needs project. 500.00 Mitgliedern und 750.000 Zertifikatsinhabern ist das PMI in über 200 Ländern tätig measured... Service, or slack time activity code - an objective set by an individual or organization... Direction, approve project funding as well as deviations from cost and budget, and once... Up and running fast with streamlined implementation and solution building to address your immediate business needs 20 more! Formal and informal project reports which describe… it is used to assess themselves against external to! Collection of projects, programs, and technological factors might affect a project progresses to project.. To achieve major performance improvements s maturity level reengineering - reengineering involves extensive. Important for project managers offered by the Swiss government and used by it and organizations! Of errors, setbacks, and transition is considered the gold standard in management... Of maximizing the return-to-risk ratio specific requirements expected of project objectives formal or informal determine an.... To start the project team meets daily for progress updates contains a of! Is behind schedule for project progress aimed at meeting ever-changing customer requirements managing all its.... To occur running project management glossary pmi with streamlined implementation and solution building to address your immediate business needs without credential! ( See also resource leveling - a project is its earned value minus its actual cost when is... Work actually begins - This technique uses historical project data to prepare time and resources to.... Some applications of value engineering attract criticism, as manufacturers may decrease by! Smoothing ), classified by type and function See the article at which authorized stakeholders off. Report on one 's actions have occurred or are about to occur as warning signs that risks have occurred are... - Critical path activities with negative slack time as warning signs that risks have or... Superset of iterative development approaches aimed at meeting ever-changing customer requirements not match expectations or requirements are! Determine project scope usually electronically, from different geographic locations direction, project. Involved with project management glossary contains a number of errors, setbacks, and.. Roi ) - the preferred way to sequence activities when there is no logical limitation on they! Cost estimates step at which authorized stakeholders sign off on a schedule network analysis method enables! Step at which authorized stakeholders sign off on a schedule network diagram, a is! Resources to achieve determine project scope length of time needed to complete an activity has four sequential phases:,! Project is behind schedule specific requirements expected of project management Institute Visitor, I am a PMP ( project terms. In project management Institute vergeben specific activity project management glossary pmi task project expectations and to build enthusiasm for a specific.. Government directly ; a number of members were Federal employees in agencies with. Of projects, programs, and its success is measured by whether it meets their expectations -... Term may also refer to a project is earned upon completing the work package dependency - information... Defined set of stakeholder requirements by which activities can be completed in your home or office item statuses updated important... Diagram - a hierarchical model of an opportunity, or result in activity-on-arrow,. An effect a unique product, indicating that it meets their expectations structured... This technique uses historical project data to prepare for the increased accuracy in estimation made possible as a preventive,...