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
skipping y and z:

Adaptive Life Cycle. A project life cycle, also known as change-driven or agile methods, that is intended to facilitate change and require a high degree of ongoing stakeholder involvement. Adaptive life cycles are also
iterative and incremental, but differ in that iterations are very rapid (usually 2–4 weeks in length) and are fixed in time and resources.
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Alakananda Rao CEO| Alvari Systems Kolkata, West Bengal, India
Estimate at Completion : EAC -
Revised value of budget using forecasted costs for completing the project
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Aniket Sukhatankar PM | Diacore India pvt ltd Thane, Maharashtra, India
Nominal Group Technique. - technique that helps brainstorming with voting process used to get useful ideas for further brainstorming or priorities
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Skipping E:

Finish to Finish dependency:
Predecessor activity must finish before Successor activity can finish.Software development must finish so that user documentation can finish.

@Relay race runners: Please refer to the below post for the terms already posted as of 2nd Feb to avoid duplicates.
http://www.projectmanagement.com/discussio...-covered-so-far
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Skipping Y and Z

Additional Quality Planning Tools. -
A set of tools used to define the quality requirements and to plan effective
quality management activities. They include, but are not limited to: brainstorming, force field analysis, nominal group techniques and quality management and control tools.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Start-to-start (SS). A logical relationship in which a successor activity cannot start until a predecessor activity has started. Example: Level concrete (successor) cannot begin until pour foundation (predecessor) begins.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Skipping T:

Unknown unknown:
Unknown unknown type of risks are the risks that were not identified and the probability and impact of them are also not known.These are Unknown risks and unknown impacts. Management reserves are allocated to deal with such types of risks.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Skipping N

Objective. -
Something toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Skipping E:

Fixed Cost:
Costs that remain constant irrespective of the production volume.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Threshold. -
A cost, time, quality, technical, or resource value used as a parameter, and which may be included in product specifications. Crossing the threshold should trigger some action, such as generating an exception report.
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