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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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
since Deliverable was the last correct one, i will proceed with "E", ok Vasi?

Emotional Intelligence. -
The capability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people.
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1 reply by Venkatramvasi Mohanvasi
Feb 09, 2016 3:40 AM
Venkatramvasi Mohanvasi
...
@Marcus - Its fine.

@Aejaz - Welcome to the race. Pl. continue from 'E' the last letter of Emotional Intelligence.

Pl. check the below post for the terms covered as of Feb 2nd.
http://www.projectmanagement.com/discussio...-covered-so-far
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Feb 09, 2016 3:35 AM
Replying to Markus Kopko
...
since Deliverable was the last correct one, i will proceed with "E", ok Vasi?

Emotional Intelligence. -
The capability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people.
@Marcus - Its fine.

@Aejaz - Welcome to the race. Pl. continue from 'E' the last letter of Emotional Intelligence.

Pl. check the below post for the terms covered as of Feb 2nd.
http://www.projectmanagement.com/discussio...-covered-so-far
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Aniket Sukhatankar PM | Diacore India pvt ltd Thane, Maharashtra, India
Skipping "E"

Fish bone Diagram
mind mapping technique that helps to trace an effect back to its root
cause.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Mitigate:
A response to a negative risk which involves minimizing the probability, impact or both, of the risk.

Example: In a software project, you provide training on the UI standards to minimize the probability of the quality related risks. This is a risk mitigation activity.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
skipping E
Fixed units - As the task's assigned units remain constant, an increase / decrease in assigned work will result in a corresponding increase / decrease in task duration.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Schedule Compression. -
Techniques used to shorten the schedule duration without reducing the project scope.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Organizational theory:
Organizational theories address how a company works. They assume an organization has structure, goals and members but focus on the efficiency of the organization, how it achieves its goals, how its environment affects its operations and how it survives in the face of outside challenges.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Skipping Y and Z
Arrow Diagramming method - One of two conventions used to represent an activity in a project. Also known as Activity-on-Arrow
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Discrete Effort. -
An activity that can be planned and measured and that yields a specific output. [Note: Discrete effort is one of three earned value management (EVM) types of activities used to measure work performance.]
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Time phased budget - The sum of budgets time-phased in accordance with the baseline schedule.

When summed at selected higher level elements of the Work Breakdown Structure, this should include both direct and indirect budgets.
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