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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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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Expected Monetary Value (EMV): Used in Risk Management to Perform Quantitative Risk Analysis Total And it is the product of an event's probability of occurrence and the Impact which is gain or loss that will result. EMV=P*I
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Hans-Georg Bess Head of project management| eos.Uptrade GmbH Hamburg, Germany
Estimate at completion (EAc). The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Network Path: Any series of activities connected with logical relationships in a project schedule network diagram.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Hammock Activity: A group of related schedule activities aggregated and displayed as a single activity.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Yes or No(Decision Making) - is regarded as the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities.
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1 reply by Venkatramvasi Mohanvasi
Jan 21, 2016 9:36 PM
Venkatramvasi Mohanvasi
...
@Bala: If we can't think of any term starting with a letter, please choose the next letter(s). That's what I did to continue with Rami's term ending in Y.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
@Bala: Yes or No is not a PM term IMHO but anyways, I will go continue with the "O".

Opportunity: A risk that would have a positive impact on one or more project objectives.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Can't think of any term in Y or Z. So moving on to A.
AON (Activity On Node): A network diagram where the activities are represented by the nodes and the dependencies are represented by the arrows. It is also called as Precedence Diagramming Method (PDM).
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Jan 21, 2016 8:12 PM
Replying to Bala S Duvvuri
...
Yes or No(Decision Making) - is regarded as the cognitive process resulting in the selection of a belief or a course of action among several alternative possibilities.
@Bala: If we can't think of any term starting with a letter, please choose the next letter(s). That's what I did to continue with Rami's term ending in Y.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Negotiation - discussion aimed at reaching an agreement.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Norming: Is it the third step in Tuckman's ladder for group development and it is part of the Develop Project Team where the team start actually working together after Forming and Storming.
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