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Bar chart - A diagrammed calendar schedule of project activities start and end dates in logical order. While Agile development is a process where all the activities are planned step by step and can change the plan as per the client's requirements. It establishes protocols for dealings between contracting parties. Duration compression - Duration compression techniques shorten a projects duration without reducing its scope. It may be thought of as a comprehensive list of all project outputs and outcomes. Each segment represents a portion of the budget value for the work package and ends with a milestone. Variance at completion (VAC) - A projects variance at completion is the difference between its budget at completion and its estimate at completion. 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. Empower your people to go above and beyond with a flexible platform designed to match the needs of your team and adapt as those needs change. Operations management - The duty of ensuring that an organization's operations are functioning optimally. For other meanings, see. Kanban - The word kanban means visual signal in Japanese. Project management office - An organizational unit that oversees project management-related activities within an organization. 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. Configure and manage global controls and settings. (See also bottom-up estimating). Motivation - A reason or stimulus that makes a person behave in a certain manner. Data date - A data date, also called an as-of date, is a point at which a projects status is measured and documented. Quality, cost, delivery (QCD) - QCD is an approach to management that focuses on assessing production processes with regard to three aspects: quality, cost, and delivery. . PMBOK Guide Approach. Total cost of ownership (TCO) - The total cost of ownership estimates the sum total of direct and indirect costs incurred in the purchase, operation, and maintenance of an asset through its life. [2], Those who support the use of SMART objectives suggest they provide a clear road map for both the person setting the goal and the person evaluating their progress (e.g. PAPA - Participant Action Plan Approach.Retrieved September 22, 2022, from https://www.allacronyms.com/PAPA/Participant_Action_Plan_Approach Issue log - Project issues and the persons responsible for resolving them. "Search" the roadway and the off-road areas 20 to 30 seconds ahead. Get actionable news, articles, reports, and release notes. Unified process - A unified process may refer to any one of a family of iterative software development process frameworks. Risk enhancement - Risk enhancement involves increasing the probability of an opportunity, or positive risk, occurring. 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. It evaluates management decisions and outcomes to find optimal solutions to problems, and thus enables better decision making. 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. Resource leveling can affect a projects critical path. The specific remit for authorization varies on a case-by-case basis. Run book - A comprehensive catalog of information needed to conduct operations and to respond to any emergency situations that arise during operations. Cost engineering - The application of scientific and engineering principles to several aspects of cost management. Cost variance - The Cost variance of a project is its earned value minus its actual cost. End user - The person or persons who will eventually use the product of a project. Activity label - A short descriptor for an activity. Discretionary dependency - The preferred way to sequence activities when there is no logical limitation on how they must be ordered. Step 1. Work breakdown structure (WBS) - A Work breakdown structure is a comprehensive, hierarchical model of the deliverables constituting the scope of a project. PRiSM focuses on sustainability. It can be assessed with a maturity model called the OPM3, which, like other maturity models, provides comparisons and recommendations for improvement. Planned value (PV) - The budget assigned to the work it is meant to accomplish. P3 management - P3 management refers collectively to the management of projects, programs, and portfolios. It is measured in person-hours or similar units. Pessimistic duration - The pessimistic duration is an estimate of the longest length of time needed to complete a specific activity or task. Get expert help to deliver end-to-end business solutions. Parametric estimating - A technique for estimating cost and duration based on using historical data to establish relationships between variables for example, calculating unit costs and the number of units required to complete a similar activity. [Key players or teams] will accomplish this goal by [what steps you'll . VDOM DHTML tml>. S.M.A.R.T. Calendar unit - The smallest unit of time usually hours or days by which project activity durations are measured. Start-To-Start - In a start-to-start relationship, a successor activity cannot start until a predecessor activity has started. Assigning and totaling story points allows project teams to target a realistic number of user stories for action during an iteration or sprint. 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. The list of 5.7k Driving acronyms and abbreviations (June 2023): 50 Categories. Cost engineering may also be called project controls in some industries. Risk efficiency - A concept based on the idea of maximizing the return-to-risk ratio. Portfolio management - The collective management of portfolios and their components in line with concepts of organizational project management. Maturity models allow organizations to assess themselves according to management best practices. Products are designed with end users in mind. (See also duration compression). Driving.Retrieved June 20, 2023, from https://www.allacronyms.com/driving/abbreviations/plan Enhancement projects involve improving the functionality or performance of software. Advocacy is the active support of an idea or cause expressed through strategies and methods that influence the opinions and decisions of people and organisations. Early finish date - The earliest time by which a scheduled project activity can logically finish. How to write SMART goals (with examples) - Atlassian Merge point - A point in a network diagram at which multiple predecessor activities culminate in a single successor activity. Bottom-Up estimating - This calculation computes total time and cost estimates for projects by preparing individual estimates for each of a projects activities and adding them together. Collaborative Work Management Tools, Q4 2022, Strategic Portfolio Management Tools, Q4 2020. Organizational project management maturity - A measure of an organizations ability to meet its objectives by effectively managing all its activities. Menu Search "AcronymAttic.com. We can say it is an attitude to software . Other mnemonic acronyms (or contractions) also give criteria to guide in the setting of objectives. Burn down chart - A graph that shows the relationship between the number of tasks to be completed and the amount of time left to complete these tasks. Lateral thinking - Lateral thinking involves using a roundabout method to inspire new ideas or solutions. Project champion is an informal role. Project plans can vary in their levels of detail. To address this discrepancy, earned schedule theory uses the same data as traditional earned value management but tracks schedule performances separately with respect to money and time. Goals are the distinct purpose that is to be anticipated from the assignment or project,[4] while objectives, on the other hand, are the determined steps that will direct full completion of the project goals.[4]. User story - A project requirement stated in one sentence. Find the best project team and forecast resourcing needs. | Discrete effort is one of three types of activities used to measure work performance as part of earned value management. Risk response planning - Risk response planning is typically conducted after risk analyses to determine appropriate courses of action for risks is deemed significant. [citation needed] The meaning of "SMART" can vary in practice, such as SMARTS goals that adds "self-defined" or SMARTER goals. (See also fishbone diagram). PRINCE2 - PRINCE2 is an acronym for projects in controlled environments, version 2. Inspection - The process of reviewing and examining the final product to assess compliance to initial requirements and expectations. Code of accounts - An alphanumeric system used to assign unique identifiers to all work breakdown structure components. CEDA. (See also analogous estimating). Gold plating - The practice of incorporating features and improvements that go beyond a products agreed-upon characteristics. An example of a SMART-goal statement might look like this: Our goal is to [quantifiable objective] by [timeframe or deadline]. Scope creep is considered negative since unapproved changes in scope affect cost and schedule but do not allow complementary revisions to cost and schedule estimates. Sort. Driving Abbreviations 9. APA All Acronyms. Administrative closure - This refers to the set of formal requirements fulfilled to end a project. This cost may mean the difference between unacceptable and acceptable project results. Effort - The amount of labor needed to complete a task. Something went wrong. Current start date - The most up-to-date estimate of when an activity will start. Contingency plan - An alternative or additional course of action planned in anticipation of the occurrence of specific risks. AON diagrams can illustrate four relationship types: start-to-start, start-to-finish, finish-to-start, and finish-to-finish. Quality control - The use of standardized practices to ensure that deliverables meet stakeholder expectations. In project management, opportunities are also considered risks. The list of Driving abbreviations in Plan. Walk around the car once and check for animals, children and objects obstructing your path at the front and rear. This includes making sure that all deliverables have been given to the client, that the team notifies suppliers of completion, and that the team updates stakeholders regarding the end of the project and overall project performance. Instead of making entire project budgets available from the outset, management may choose to release funds at specific times. Project management professional (PMP) - A Project management professional (PMP) is a person certified by the Project Management Institute upon completion of a course of formal education, an examination, and a certain number of hours managing projects. Suggest. ; Solutions. They use baselines as a basis for monitoring and evaluating performance. goals to launch management by objectives plan", "Setting Goals and Developing Specific, Measurable, Achievable, Relevant, and Time-bound Objectives", "There's a S.M.A.R.T. Since work packages comprise multiple action items, keeping action item statuses updated is important for project progress. Task - In project management, a task is a unit of work or activity needed for progress towards project goals. Resource optimization techniques - Resource optimization techniques seek to reconcile supplies and demands for resources. Performance measurement baseline - A performance measurement baseline uses the schedule, cost, and scope baselines to create a point of comparison by which project performance is assessed. Statement of work (SoW) - A Statement of work is a comprehensive and detailed list of deliverables expected under a contract, with expected dates for each deliverable. It shows the feasibility of an idea. Soft project - A soft project does not have a physical output. Functional organization - An organization which organizes and manages staff members in groups based on specialty areas. Blueprint - A document that explains what a program means to accomplish and describes a programs contribution to organizational objectives. Invitation for bid - An invitation for expressions of interest that a procuring organization extends. It is a list of all project tasks represented as a networked schedule. Percent complete - The percent complete indicates the amount of work completed on an activity as a percentage of the total amount of work required. Governance - The structure by which roles and relationships between project team members and an organizations high-level decision makers are defined. It might take several attempts to get clarity on the problem. 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. Maturity model - Maturity is the extent to which an organizations methods, processes, and decisions are standardized and optimized. Opportunity cost - The opportunity cost of a particular course of action is the loss of potential gains from all alternative courses of action. See how our customers are building and benefiting. Resources - The elements needed for a project to successfully meet its objectives. The SEE System - Effective Space Management for Defensive Driving Change practitioners apply the Prosci Methodology to create change management strategies and plans that increase adoption and usage on their critical change projects and initiatives. Goal setting - The process of creating specific, measurable, and attainable goals and of setting deadlines for these goals if desired. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. Plan and implement change fast and mobilize resources to gain a competitive advantage. A corrective action, which is reactive, is not the same as a preventive action, which is proactive. Project accounting may also be referred to as job cost accounting. X-Bar control charts - An x-bar control chart includes two separate charts that display the means and sample ranges for a number of periodically gathered, same-size samples. Activity-On-Node (AON) - In a network diagram of this nature, nodes represent activities and arrows illustrate logical relationships between activities. Competence - The ability and knowledge required to perform the tasks associated with a specific role. Each activity is accompanied by its activity identifier and a description of the work it entails. Risk owner - A risk owner is responsible for determining and enacting appropriate responses to a specific type of risk. Your email address will not be published. Study with Quizlet and memorize flashcards containing terms like JOL, RMV, HTS and more. The TCPI is calculated as the ratio of work remaining to budget remaining. Pareto chart - A Pareto chart is a combination bar chart and line graph where the bars represent category frequencies in descending order from left to right, and the line tracks the cumulative total as a percentage. Project management process - A management process that encompasses all phases of a project, from initiation to the meeting of objectives. Core process - A process that follows an established order and is central to the performance of the process system or project of which it is part. Fishbone diagram - A fishbone diagram is used in project management to identify and categorize the possible causes of an effect. Matrix organization - Employees in a matrix organization report to more than one boss, with different lines of reporting representing different organizational projects or functions. Effort management - The most efficient allocation of time and resources to project activities. A sprint is usually a few weeks long. It is an alternative to the waterfall development method: instead of focusing on sequential development with a single end product, it passes through a number of development cycles, with an improved version of the product, called an increment, produced at the end of each iteration. They serve as contact points for sponsors, program managers, and other stakeholders. Competence framework - The set of competence expectations by which one assesses a persons suitability for a specific role. The SEE system is a defensive driving strategy that allows you to avoid collisions, by keeping the space around your vehicle free from obstacles - it is a space management system.Drivers who manage the space around their vehicles effectively can predict hazardous situations before they happen and change their driving behavior to avoid that situation coming to pass. It aims at completing projects within budgets. Near-critical path - A series of activities with only small amounts of total float, called near-critical activities. Business requirements - The conditions a product must satisfy to effectively serve its purpose within a business. PMBOK Guide 5th Edition supports . A project has clearly defined phases, and its success is measured by whether it meets its stated objectives. [24], A review of the evidence on the SMART acronym to increase physical activity found that its use is not based on scientific theory, is not supported by evidence, and has potentially harmful effects. The PMBOK Guide Planning Process Group activities stretch from the broad statement of project scope, to detailed estimates and schedules for the tasks required to deliver that scope. Root cause - The primary reason an event occurs. Integrated master schedule (IMS) - An integrated master schedule is produced from an integrated master plan. Time and material contract - A time and material contract pays per unit of time and reimburses materials costs for contracted work. It provides document templates to expedite project-related work. Master project - A master project file comprises a number of smaller projects, called subprojects, arranged hierarchically. Project teams typically accept risks when they fall below risk thresholds or when the team thinks it best to act only if and when a threat occurs. It shows relationships between project activities and risk events. Analytical estimating is considered the most accurate estimation technique. Driving Abbreviations in Driver. The term may also refer to a comprehensive list of revenues and expenses. None of the successor activities may start until one finishes the predecessor activity. Apportioned effort - Project work associated with components of a work breakdown structure and performed in proportion, with discrete effort. Some authors have added additional letters giving additional criteria. A project management office also functions as a repository of general, project-related knowledge and resources. Prosci Methodology They are designed to provide direction and guidance. The Prosci Methodology is a structured, adaptable and repeatable approach to enable the people side of change and deliver organizational results. PRINCE2 management is based on clear organization of project roles and responsibilities and managing when necessary rather than by obligation. Operations research (OR) - A field of study that uses mathematical, statistical, and scientific methods to aid and optimize decision making. Current R eality. [1] A good way of thinking about the GROW Model is to think about how you'd plan a journey.