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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
Deliverable:
A tangible or intangible object produced as a result of the project that is intended to be delivered to an internal or external customer.

Examples:
Proposal (Tangible)
Design document (Tangible)
Market study (Tangible)
Knowledge (Intangible. Deliverable of a Training project)
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Cost Of Quality's:

Non-Conformance Cost:
- Internal Found by Project: Rework, Scrap
- External Found by the Client: Liabilities, Lost Business, Warranty Work

Conformance Cost:
- Preventive Costs: Training, Equipment
- Appraisal Costs: Testing, Inspections
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Payback Period - Lower the Better
Benefit Cost Ratio, NPV, IRR, ROI - Higher the Better
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Communication Methods - Interactive, Push (Sent to Specific Recipient), Pull (For Large audience, can be viewed at user's discretion)
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1 reply by Venkatramvasi Mohanvasi
Feb 09, 2016 3:26 AM
Venkatramvasi Mohanvasi
...
Appreciate your participation in this PM Terms relay race. One of the main rule is to post alternately, rather than posting by same member. Please check the rules in my first post. You will have to wait for the baton from another member. Once a term is posted you can start from the last letter(or successive letters)
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Corrective Action - Are reactive in nature and are intended to bring the project back into alignment with the baselines.
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Preventive actions - Are proactive in nature to ensure the project doesn’t deviate from the baselines.
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Defect repairs - Are used to correct products or deliverables that do not meet the documented quality requirements.
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Aejaz Shaikh PM I| Alyx Technologies India Pvt Ltd Pune, Maharshatra, India
Estimate to complete (ETC) - is a forecast of how much more money will need to be spent to complete the project.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Feb 09, 2016 3:19 AM
Replying to Aejaz Shaikh
...
Communication Methods - Interactive, Push (Sent to Specific Recipient), Pull (For Large audience, can be viewed at user's discretion)
Appreciate your participation in this PM Terms relay race. One of the main rule is to post alternately, rather than posting by same member. Please check the rules in my first post. You will have to wait for the baton from another member. Once a term is posted you can start from the last letter(or successive letters)
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Hello Aejaz,

me doubt you havn't read the Rules for this "Game" ... it is not only about listing pm termns ...

Regards,

Markus
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