Project Management

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Project Management Terms Relay Race !!

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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Let us play a relay race of PM Terms.

Rules:
>You start from the last letter of the term posted previously.
>In case, more than one terms posted with same letters (concurrently posted), you start with the latest term.
>Only Project Management Terms in this relay.
>A term may include multiple words.
>Acronyms are fine. please include the expansion before the description.
>Your term needs to be followed by a short description of the term.
>No successive posting of term by the same member. The below one is fine.
member A: --------L
member B: L----- --- ----D
member A: D---- ------ ----
> If you don't get a term starting from a particular letter(last letter of previous term), feel free to start from the next letter. e.g. previous term - buzz, if you don't get a term starting with 'z', you may start with 'a'. (Hoping this rule will be rarely used.:)
>End date of game: No end date. Till the game goes on.

Vasi,
CATALYSTS.

Let me start the first term:

Project - Temporary endeavour to create a unique product, service or result.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Trend analysis:
A mathematical technique that uses historical results to predict future outcomes.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Specification Limits. -
The area, on either side of the centerline, or mean, of data plotted on a control chart that meets the customer’s requirements for a product or service. This area may be greater than or less than the area defined by the control limits. See also control limits.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
S-Curve:
S shaped curve used in project management to represent the various expenditures of resources over the projected time of the project or as a means of charting the real-time expenditure of resources. It is used to depict Planned Value, Earned Value, and Actual Cost of project work.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Executing Process Group. -
Those processes performed to complete the work defined in the project management plan to satisfy the project specifications.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
@Markus. Executing process group was posted by Rami today. Have messaged you the terms posted till now.

Is there a way, to share the terms covered so far, with other members for reference?
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1 reply by Markus Kopko
Jan 25, 2016 8:10 AM
Markus Kopko
...
damn ... i guess we need something like an overview .. .it is a bit anoying to scan all the previous pages again and again ...
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Jan 25, 2016 8:02 AM
Replying to Venkatramvasi Mohanvasi
...
@Markus. Executing process group was posted by Rami today. Have messaged you the terms posted till now.

Is there a way, to share the terms covered so far, with other members for reference?
damn ... i guess we need something like an overview .. .it is a bit anoying to scan all the previous pages again and again ...
...
1 reply by Rami Kaibni
Jan 25, 2016 12:25 PM
Rami Kaibni
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Plan, Check then Do - Thats the chanllenge, to work hard before you can achieve :-D

@Vasi: Get us something new creative as usual.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Estimate Activity Durations. -
The process of estimating the number of work periods needed to complete individual activities with estimated resources.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Secondary risk:
A risk that arises as a direct result of implementing a risk response to a project risk (Primary risk). E.g. To mitigate quality related risk, you give training on the tool used in the project and if that tool is very hot in the market, then you face the risk of losing your team members to your competitors.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
skipping K

Lag. -
The amount of time whereby a successor activity is required to be delayed with respect to a predecessor activity.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Ground rules:
Rules of conduct adopted by the project team to establish behavioral norms among the members.
Examples.
All members should attend required meetings and conference calls; if unable to attend, notify the meeting organizer.
No phone calls, texting, or other distractions during the meetings.
only one conversation at a time in meetings.
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