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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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Histogram: a bar chart used the show a statistical distribution.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Master schedule - An executive summary-level schedule which identifies the major components of a project, and usually also identifies the major milestones.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Enterprise Environmental Factors: conditions, not under the immediate control of the project team, that influence the project.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Subnetwork. -
A subdivision (fragment) of a project schedule network diagram, usually representing a subproject or a work package. Often used to illustrate or study some potential or proposed schedule condition, such as changes in preferential schedule logic or project scope.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
skipping k
lag - A delay on the link between a predecessor and a successor
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Skipping G.
Historical information:
Documents and data on prior projects, including project files, records,correspondence, etc.
Previous project risks, performance information,Earned value data,schedule data etc. will be very valuable for source of knowledge for the current project.

@Bala/@Stephane: Lag and Secondary risks were already added.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Network Logic. -
The collection of schedule activity dependencies that makes up a project schedule network diagram.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Critical Path Method (CPM):
A schedule development technique used to predict project duration by analysing which sequence of activities has the least amount of scheduling flexibility.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Deming cycle - The Deming Cycle, or PDCA Cycle (also known as PDSA Cycle), is a continuous quality improvement model consisting out of a logical sequence of four repetitive steps for continuous improvement and learning: Plan, Do, Study (Check) and Act.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Expert Judgment. -
Judgment provided based upon expertise in an application area, knowledge area, discipline, industry, etc., as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education, knowledge, skill, experience, or training.
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