Project Management
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492 items found

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Delphi Technique

Wiki

A technique used to make decisions on complex issues by leveraging individual expertise. This technique is sometimes referred to as the "Wide-band Delphi" technique. A technique commonly used to estimate the probability and outcome of future events.

Activity

Wiki

A component of work performed during the course of a project. Can be a Stage (group of steps), Step (group of tasks), or Task (individual activity).

Demand Management

Wiki

Demand Management is the allocation of capital, infrastructure, human, and other available resources to initiatives that will create the most value for the organization. Demand Management attempts to find balance in the project management triangle of scope, schedule and budget. However, it is not to be confused with Cost Containment or Cost Cutting.

Metrics

Wiki

Metrics are quantitative descriptions of a property, product or process. Metrics may also be referred to as Performance Metrics.

Amortization

Wiki

Intangible assets, like many produced in the IT world (patents, inventions, a business process or system that offers competitive advantage), contribute to the future revenues. Therefore they can be expensed over time as those revenues occur.

Visual Language

Wiki

Visual Language is a facilitation technique using (typically hand drawn) pictures in combination with words to convey clearer meaning. The exercise of using a Visual Language Technique not only produces a visual representation of the topic but a deeper shared understanding of the topic itself.

RACI

Wiki

The RACI model is a quick way to lay out roles and responsibilities on your project. It allows you to discuss, communicate and agree upon roles for your project.

Baseline Schedule

Wiki

A baseline schedule is the timeline that you start with at the beginning of your project. When you talk about being "on time", this is what you are comparing your actual performance to. Sometimes when there is a significant change in scope, the project can be "re-baselined" - which isn't a word, but project managers use it to mena that a n...

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