5th Edition Glossary - Association for Project Management

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Glossary of project management termsStatute law Statute is the written lawconsisting of Acts of Parliament (includingthose enacted under Europeandirectives), and the rules, regulationsand orders made under the powers conferredby those Acts.Statutory approvalis required by law.Statutory obligationsobligations.An approval thatRelevant legalSteering group A group, usually comprisingthe sponsor, senior managersand sometimes key stakeholders,whose remit is to set the strategic directionof a project. It gives guidance to thesponsor and project manager. Oftenreferred to as the project board.Strategy The high-level plan that willenable the project to reach a successfulconclusion. It describes how the projectis to be executed. This is the long-termplan.Subcontract A contractual documentthat legally transfers the responsibilityand effort of providing goods, services,data or other hardware from one firm toanother.Subcontractor An organisation thatsupplies goods or services to a supplier.Subject matter experts Users withsubject matter knowledge and expertisewho may contribute to defining requirementsand acceptance criteria.Subproject A group of activities representedas a single activity in a higherlevel of the same project.Success criteria The qualitative or quantitativemeasures by which the successof the project is judged.Success factors Factors that whenpresent in the project environment aremost conducive to the achievement of asuccessful project. The success factorsthat if absent would cause the project tofail are sometimes termed critical successfactors (CSFs).Successor A successor is an activitywhose start or finish depends on thestart or finish of a predecessor activity.Sunk costs Costs that are unavoidable,even if the project were to be terminated.Super-critical activity An activitythat is behind schedule is considered tobe super-critical if it has been delayed toa point where its float is calculated to bea negative value.Supplier A supplier is a contractor,consultant or any organisation that suppliesresources to the project.Supply chain management The managementof the chain of organisationsthrough which goods pass on their wayfrom raw materials to the ultimate purchaser.Surety An individual or organisationthat has agreed to be legally liable forthe debt, default or failure of a principalto satisfy a contractual obligation.System The complete technical outputof the project including technicalproducts.Systems analysis The analysis of acomplex process or operation in orderto improve its efficiency.Systems engineering A systematicapproach to realising a project that takesaccount of all related systems and subsystems.Systems management Managementthat includes the prime activities of systemsanalysis, systems design and engineering,and systems development.160
Glossary of project management termsTalent management The developmentof project talented people in the organisationeach of whom is capable of fillinga number of roles.Target completion date The dateplanned to complete an activity orproject.Target start date The date planned tostart work on an activity or theproject.Task The smallest indivisible part ofan activity when it is broken down to alevel best understood and performed bya specific person or organisation.Team A team is made up of two ormore people working interdependentlytowards a common goal and a sharedreward.Team building The ability to gatherthe right people to join a project teamand get them working together for thebenefit of a project.Team development The process ofdeveloping skills, as a group andindividually, that enhance projectperformance.Team leader The person responsiblefor leading a team.Team member A person who is accountableto and has work assigned to themby the project manager to be performedeither by themselves or by others in aworking group.Teamwork The process wherebypeople work collaboratively towards acommon goal as distinct from otherways that individuals can work withina group.Technology management The managementof the relationship betweenavailable and emerging technologies,the organisation and the project. Italso includes management of theenabling technologies used to deliverthe project, technologies used to managethe project and the technology ofthe project deliverables.Tender A document proposing tomeet a specification in a certain wayand at a stated price (or on a particularfinancial basis), an offer of price andconditions under which a supplier iswilling to undertake work for the client.See bid.Tender document The document issuedto prospective suppliers when invitingbids or quotations for supply of goodsor services.Tendering The process of preparingand submitting a tender, quotation orbid.Tender list A list of approved suppliersto whom a specific enquiry may besent.Termination (phase) The disposal ofproject deliverables at the end of theirlife.Terms and conditionsin a contract.All the clausesTerms of reference A specification ofa team member’s responsibilities andauthorities within the project.Testing The process of determininghow aspects of a deliverable performwhen subjected to specified conditions.Theory of constraints A theory expoundedby Goldratt, which lead to thecritical chain schedule managementtechnique.Threat A negative risk; a risk that if itoccurs will have a detrimental effect onthe project.161
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5th Edition Glossary - Association for Project Management

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