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. Saving Changes...
Tornado diagrams: A horizontal bar chart, in which the largest bar appears at the top of the chart, the second largest appears second from the top, and so on. The diagram visually resembles a tornado. They are useful for sensitivity analysis - comparing the relative importance of variables. For each variable/uncertainty considered, the low, base, and high outcomes are estimated.
Check point : Terms covered so far in reverse order: Jan 27 2016/8.30PM IST -------------------------------------------------------------------------------------------------------- Deming cycle,CPM,Network Logic,Historical Information,Subnetwork,Enterprise Environmental Factors,Master schedule,Histogram,Late Finish,Motivation skills,Scatter diagram,SWOT analysis,Group Decision-Making Techniques,Parametric modeling,Termination,Organization chart,Decomposition ,Lead,Risk Assessment Framework,X Factor,TCPI,Expert Judgement (2),Estimate costs,Schedule management plan,Ground rules,Lag (2),Secondary risk (2),Estimate activity durations,S curve,Specification limits,Trend analysis(2),Technology,T&M,early start,Node (2),nonverbal communication,assumption,Near Critical activity,Negotiated Settlements.,Request for quotation,External customer,Project Management Office,Executing Process Group (2):,Grade,Error proofing,scope change,Force Field Analysis,Milestone,Functional orgn.,Work package,SOW,Stakeholders,FMEA,80-20 rule,Force majeure,NPV,Project Plan,Kaizen,Non-conformance Work,Monte Carlo simulation,Team Reward system,LOI,Total slack,Free Float,Governance,Inspection,Fait Accompli,Nominal grouping technique (2),Human Resource Management Plan ,scheduled finish,Accuracy,External Dependency,ETC,WBS,Parkinson's law,Scope creep,RCA,Risk trigger,Sponsor,Gain-sharing arrangements ,Rolling Wave Planning ,Tailor,Total Float (2),JIT,Early Finish,game plan,Kick off meeting (2),Task (2),Time-Scaled Schedule Network Diagram, Threat,Extreme project management,Estimate,Earned Value,GERT,Guideline,Goldplating,GanttChart,LOE,Goal,Norming,Negotiation,AON,Opportunity,Yes or No(Decision Making),Hammock Activity,Network Path,Estimate at completion (EAC),Expected Monetary Value (EMV),Top Down Estimate:,Effort,Three-Point Estimate:,Make-or-Buy Analysis:,EVM,RBS(Resource breakdown structure),Tuckman Ladder:,Trust,Gantt Chart , Team building.
No. within braces - duplicate entry (number of occurrences) Saving Changes...
Alakananda RaoCEO| Alvari SystemsKolkata, West Bengal, India
Schedule Model - Representation of a plan for executing the activities of the project includes durations, dependencies and other planning materials Saving Changes...
Law of diminishing returns:
This law refers to, beyond certain point, how every additional unit of input you put in leads to lesser and lesser additional output.
For example, in any project, generally adding resources will increase the output. Beyond certain point ( point of diminishing returns), the more resources you add, the output will be lesser.
"Too many cooks spoil the broth!" Saving Changes...
Bala S DuvvuriProject Manager| ShellBangalore, Karnataka, India
Supportive PMO - Supportive. Supportive PMOs provide a consultative role to projects by supplying templates, best practices, training, access to information and lessons learned from other projects. This type of PMO serves as a project repository. The degree of control provided by the PMO is low. Saving Changes...
OBS (Organizational Breakdown Structure):
A depiction of the project organization arranged in terms of organizational units.Its main intent is to communicate how those tasked with delivering the project will be organized and structured as a Project Team. Saving Changes...
Bala S DuvvuriProject Manager| ShellBangalore, Karnataka, India
Supportive stakeholder - Aware of project and potential impacts and supportive to change. Saving Changes...
Risk owners:
The individuals/groups responsible for a risk response. Saving Changes...
Markus KopkoAI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM
AI Coach| PMotion.aiHamburg, Hamburg, Germany
Schedule Baseline. -
The approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results. Saving Changes...
Markus KopkoAI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM
AI Coach| PMotion.aiHamburg, Hamburg, Germany
@ Vasi - thx for the conclusion, highly appreciated Saving Changes...
