Advice for the Project Management Professional (PMP)

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Licensed to: Copyright 2009 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
Licensed to: activity attributes — Information that provides schedule-related information about each activity, such as predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions related to the activity. activity list — A tabulation of activities to be included on a project schedule. activity-on-arrow (AOA) approach, or the arrow diagramming method (ADM) — A network diagramming technique in which activities are represented by arrows and connected at points called nodes to illustrate the sequence of activities. actual cost (AC) — The total direct and indirect costs incurred in accomplishing work on an activity during a given period. analogous estimates, ortop-down estimates — The estimates that use the actual cost of a previous, similar project as the basis for estimating the cost of the current project. balanced scorecard — A methodology that converts an organization’s value drivers to a series of defined metrics. baseline — A starting point, a measurement, or an observation that is documented so that it can be used for future comparison; also defined as the original project plans plus approved changes. benchmarking — The process of generating ideas for quality improvements by comparing specific project practices or product characteristics to those of other projects or products within or outside of the performing organization. GLOSSARY best practice — An optimal way recognized by industry to achieve a stated goal or objective. bid — A document prepared by sellers providing pricing for standard items that have been clearly defined by the buyer. blogs — Easy-to-use journals on the Web that allow users to write entries, create links, and upload pictures, while allowing readers to post comments to particular journal entries. bottom-up estimates — Cost estimates created by estimating individual activities and summing them to get a project total. budget at completion (BAC) — The approved total budget for the project. buffer — Additional time to complete a task, added to an estimate to account for various factors. burst — An occurence when two or more activities follow a single node on a network diagram. business case — A document that provides justification for investing in a project. capabilities — The incremental steps that lead to best practices. cash flow — Benefits minus costs, or income minus expenses. cause-and-effect diagrams — Also called fishbone or Ishikawa diagrams, these diagrams can assist in ensuring and improving quality by finding the root causes of quality problems. champion — A senior manager who acts as a key proponent for a project. Copyright 2009 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
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Licensed to: INTRODUCTION TO PROJEC
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Advice for the Project Management Professional (PMP)

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