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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
Tailor. -
The act of carefully selecting process and related inputs and outputs contained within the PMBOK® Guide to determine a subset of specific processes that will be included within a project’s overall management approach.
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Hans-Georg Bess Head of project management| eos.Uptrade GmbH Hamburg, Germany
Rolling Wave Planning:
An iterative planning technique in which the work to be accomplished in the near term
is planned in detail, while the work in the future is planned at a higher level.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Gain-sharing arrangements:

Contractual arrangements in which 2 or more parties share the benefits of the project deliverable.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Sponsor: A person or group who provides resources and support for the project, program or portfolio.
...
1 reply by Venkatramvasi Mohanvasi
Jan 22, 2016 10:10 AM
Venkatramvasi Mohanvasi
...
Stephane, please correct the spelling of the term Sponsor.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Jan 22, 2016 9:38 AM
Replying to Stéphane Parent
...
Sponsor: A person or group who provides resources and support for the project, program or portfolio.
Stephane, please correct the spelling of the term Sponsor.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Risk trigger: Risk triggers are symptoms or warning signs indicating that a risk event has occurred or is about to occur.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Jan 22, 2016 4:03 AM
Replying to Markus Kopko
...
Hmmm,

i am confused now:

i have ended on "m" ... than Bala came with "T" and catalyst with "K" and both of thses are already used ....

How to proceed now?

Where is the police when it is needed? ;)
Yes, you are right Markus. Sorry for being late - My police patrol was on another thread. Now I am back :-)
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Jan 22, 2016 6:35 AM
Replying to Bala S Duvvuri
...
Total Float - The amount of time (in work units) that an activity may be delayed from its early start without delaying the project finish date. Total float is equal to the late finish or the late start minus the early start of the activity.
@Bala: Relay Police here - Two violations: Task and Total Float were used before .... I will give you ticket discount because you have too many violations now :D
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Root Cause Analysis: an analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Scope Creep: Uncontrolled changes in Project's scope.
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