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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
Monte Carlo Simulation:
A technique that computes, the project cost or project schedule many times using input values selected at random from probability distributions of possible costs or durations, to calculate a distribution of possible total cost or completion dates.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Non-conformance 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.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
kick off meeting - Ideally, a workshop type meeting in which the principle stakeholders and participants in the project are briefed on the goals and objectives of the project, how it will be organized, etc. and are then able to contribute to its planning, assignment of responsibilities, target dates, etc.
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1 reply by Rami Kaibni
Jan 24, 2016 2:23 AM
Rami Kaibni
...
@Bala: Race Police Violation- Kick-Off meeting was mentioned before by Vasi.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Jan 24, 2016 1:55 AM
Replying to Bala S Duvvuri
...
kick off meeting - Ideally, a workshop type meeting in which the principle stakeholders and participants in the project are briefed on the goals and objectives of the project, how it will be organized, etc. and are then able to contribute to its planning, assignment of responsibilities, target dates, etc.
@Bala: Race Police Violation- Kick-Off meeting was mentioned before by Vasi.
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Venkatramvasi Mohanvasi PM Trainer| Freelancer Chennai, Tamilnadu, India
Kaizen:
A Japanese word meaning continuous improvement. Kai, which means 'change,' and 'zen,' which means 'good.' It's used to describe a company culture where everyone, from the top boss to the assembly line worker, regularly evaluates his or her work and thinks of ways to improve it.
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Skipping N & O.

Project Plan: A formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed.
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Norming - The third stage in team building where conflicts are largely settled and a group identity starts to emerge.
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1 reply by Rami Kaibni
Jan 24, 2016 3:56 AM
Rami Kaibni
...
Mentioned before as well. It would be a good idea if you go through the mentioned words prior to answering. I ran out of tickets for you :-)
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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Jan 24, 2016 3:51 AM
Replying to Bala S Duvvuri
...
Norming - The third stage in team building where conflicts are largely settled and a group identity starts to emerge.
Mentioned before as well. It would be a good idea if you go through the mentioned words prior to answering. I ran out of tickets for you :-)
...
1 reply by Bala S Duvvuri
Jan 24, 2016 4:01 AM
Bala S Duvvuri
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Sorry for making your job difficult :-)
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Bala S Duvvuri Project Manager| Shell Bangalore, Karnataka, India
Jan 24, 2016 3:56 AM
Replying to Rami Kaibni
...
Mentioned before as well. It would be a good idea if you go through the mentioned words prior to answering. I ran out of tickets for you :-)
Sorry for making your job difficult :-)
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