Advice for the Project Management Professional (PMP)

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Glossary
project management tools and techniques —
The methods available to assist project managers
and their teams; some popular tools in the
time-management knowledge area include
Gantt charts, network diagrams, critical-path
analysis, and project management software.
project manager — The person responsible for
working with the project sponsor, the project
team, and the other people involved in a
project to meet project goals.
project organizational chart — A graphic representation
of how authority and responsibility
is distributed within the project.
project portfolio management — The grouping
and managing of projects and programs as a
portfolio of investments that contribute to the
entire enterprise’s success.
project procurement management — Acquiring
or procuring goods and services for a
project from outside the performing
organization.
project quality management — Ensuring that
the project will satisfy the stated and implied
needs for which it was undertaken.
project risk management — Identifying, analyzing,
and responding to risks related to the
project.
project scope management — Working with all
appropriate stakeholders to define, gain written
agreement for, and manage all the work
required to complete the project successfully.
project sponsor — The person who provides
the direction and funding for a project.
project time management — Estimating how
long it will take to complete the work, developing
an acceptable project schedule given costeffective
use of available resources, and
ensuring timely completion of the project.
PRojects IN Controlled Environments
(PRINCE2) — A project management methodology
with eight process groups developed in
the U.K.
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proposal — A document in which sellers
describe what they will do to meet the requirements
of a buyer.
quality — The degree to which a set of inherent
characteristics fulfill requirements.
quality assurance — The activities related to
satisfying the relevant quality standards for a
project.
quality audit — A structured review of specific
quality management activities that helps identify
lessons learned, which could improve performance
on current or future projects.
RACI charts — A type of responsibility assignment
matrix that shows Responsibility,
Accountability, Consultation, and Informed
roles for project stakeholders.
rapport — A relationship of harmony, conformity,
accord, or affinity.
rate of performance (RP) — The percentage of
actual work completed divided by the percentage
of work planned to have been completed at
any given time.
Rational Unified Process (RUP) framework —
A project management methodology that uses
an iterative software development process that
focuses on team productivity and delivers software
best practices to all team members.
records management system — A tool that
provides the ability to easily organize, find, and
archive documents.
Request for Proposal (RFP) — A document
used to solicit proposals from prospective
suppliers.
Request for Quote (RFQ) — A document used
to solicit quotes or bids from prospective
suppliers.
required rate of return — The minimum
acceptable rate of return on an investment.
resource histogram — A column chart that
shows the number of resources required for or
assigned to a project over time.