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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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Skipping Y & Z.
Acceptance Criteria:
The Performance requirements and essential conditions that have to be achieved by the project team before project deliverables are accepted by the client.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Accepted Deliverables -

Products, results, or capabilities produced by a project and validated by the project customer or sponsors as meeting their specified acceptance criteria.
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Markus Kopko AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM AI Coach| PMotion.ai Hamburg, Hamburg, Germany
Schedule Forecasts. -

Estimates or predictions of conditions and events in the project’s future based on information and knowledge available at the time the schedule is calculated.
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Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Scientific management -

Theory of management that analyzes and synthesizes workflow processes, improving labor productivity.
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Zahir Sabit PM I| NPSC Juba, South Sudan
Milestone: is tools used in project management to mark specific points along a project timeline.
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Eduard Hernandez
Community Champion
Product Operations Program Manager Barcelona, Cataluña, Spain
External Dependency: a relationship between project activities and non-project activities
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Nikolaos Giannoulis Dipl Ing. , MSc , MBA , PMP| IQONY SENSLSG GMBH Thermi, Greece
Organisational Project Management : Provides Direction for how Projects , Programs , Portfolios should be prioritized , managed , executed and measured to best achieve organisational strategic objectives.
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Mansoor Mustafa Senior PM| Government Department Rawalpindi Punjab, Pakistan
Expect Monetary Value (EMV), Expected monetary value is the probability weighted average of all possible outcomes and calculated as EMV = P x I . It helps which risks need the most attention
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Sachin Ghugardare PM II| Tech Mahindra Pune, Maharashtra, India
Earned value performance -

Compares the performance measurement baseline to actual schedule and cost performance. If EVM is not being used, then the analysis of the cost baseline against actual costs for the work performed is used for cost performance comparisons.
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