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
Halo effect:
The halo effect is a type of cognitive bias in which our overall impression of a person influences how we feel and think about that person's character..
The tendency to think a technically good person will be good in project management also.
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Trigger Condition:- An event or a situation that indicates that a risk is about occur.
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1 reply by Venkatramvasi Mohanvasi
Feb 12, 2016 4:46 AM
Venkatramvasi Mohanvasi
...
@Aejaz: Trigger condition already posted by Markus few posts earlier. Pl. post another term.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Feb 12, 2016 4:34 AM
Replying to Aejaz Shaikh
...
Trigger Condition:- An event or a situation that indicates that a risk is about occur.
@Aejaz: Trigger condition already posted by Markus few posts earlier. Pl. post another term.
...
1 reply by Markus Kopko
Feb 12, 2016 5:20 AM
Markus Kopko
...
Network path on the previous page was also already mentioned ... ;)
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Feb 12, 2016 4:46 AM
Replying to Venkatramvasi Mohanvasi
...
@Aejaz: Trigger condition already posted by Markus few posts earlier. Pl. post another term.
Network path on the previous page was also already mentioned ... ;)
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
non-project driven -

Generally, these organizations do not have a project methodology in place, are not organized around the delivery of projects and are arranged in a functional, organizational structure. Work is generally associated with manufacturing and production lines. Projects are established as needed to improve support functional lines and activities or organizational changes.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
PERT(Program Evaluation and Review Technique):
A widely used method for planning and coordinating large-scale projects. PERT serves as an management tool to analyze, define and integrate events. PERT also illustrates the activities and inter-dependencies in a project. The main goal of PERT is to reduce the cost and time needed to complete a project.

In PERT, the duration of an activity is calculated by (Optimistic duration+4*Most Likely duration +Pessimistic duration)/6.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Tree Diagram

A systematic diagram of a decomposition hierarchy used to visualize as parent-to-child relationships a systematic set of rules.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Mind map:
A mind map is a diagram used to visually organize information. A mind map is often created around a single concept, drawn as an image in the center of a blank page, to which associated representations of ideas such as images, words and parts of words are added. Major ideas are connected directly to the central concept, and other ideas branch out from those.

It is one of the group creativity tools used in Project management.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Proposal Evaluation Techniques. -
The process of reviewing proposals provided by suppliers to support contract
award decisions.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Source selection criteria:
These criteria are used to score seller proposals as part of the procurement process.

E.g.Life cycle cost, Technical capability of the seller, Past performance of sellers, References and IP rights.
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