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
Emotional Intelligence. -
The capability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Enhance:
A positive risk (opportunity) treatment method in which the probability and/or its impact is increased in order to realize the most gains from it.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Earned Value Management. -
A methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Taguchi Loss Function:
A statistical method developed by Genichi Taguchi, a Japanese business statistician which shows how manufacture of each non-perfect part results in a loss for the company. This concept is a landmark in describing quality and has helped spread the concept of continuous improvement.
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1 reply by Markus Kopko
Feb 25, 2016 7:01 AM
Markus Kopko
...
never heard of this one ... thx for impulse!
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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 23, 2016 6:37 AM
Replying to Venkatramvasi Mohanvasi
...
Taguchi Loss Function:
A statistical method developed by Genichi Taguchi, a Japanese business statistician which shows how manufacture of each non-perfect part results in a loss for the company. This concept is a landmark in describing quality and has helped spread the concept of continuous improvement.
never heard of this one ... thx for impulse!
...
1 reply by Venkatramvasi Mohanvasi
Feb 28, 2016 1:28 AM
Venkatramvasi Mohanvasi
...
Thanks Markus!
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Nonconformance Work. -

In the cost of quality framework, nonconformance work is done to deal with the consequences of errors and failures in doing activities correctly on the first attempt. In efficient quality management systems, the amount of nonconformance work will approach zero.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Key Stakeholder -
A stakeholder who is identified as having a significant stake in the project or program and who holds key responsibilities such as approving requirements or approving changes to product scope.
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Thomas Walenta Global Project Economy Expert Hackenheim, Germany
RACI Chart -
A Matrix assigning relationships of stakeholders to tasks: responsibility, accountability, to be informed, to be consulted.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Tornado -
Type of bar chart used in sensitivity analysis for comparing the relative importance of the variables.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Feb 25, 2016 7:01 AM
Replying to Markus Kopko
...
never heard of this one ... thx for impulse!
Thanks Markus!
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