Project Management
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Accountability

Wiki

Accountability is an individual's requirement to accept the consequences, both positive and negative, for activities and actions. Often, an individual in a leadership position is held accountable for actions taken by subordinate team members.

Action Items

Wiki

An action Item is work that is a follow-on activity, usually to a meeting. It is often an action arising out of the conversation, but not core to accomplishing meeting objectives. A project manager will formally schedule an action item to ensure the necessary activity is noted and assigned, but scheduled to be completed later so as not to derail the meeting.

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).

Activity Based Costing (ABC)

Wiki

The accounting technique, which identifies all costs associated with individual activities comprising a project or process, irrespective of its place within an organizational structure. For example, ABC assigns product costs, based on the activities that are required to produce a product. By identifying the product’s cost drivers and its corresponding activities, this technique also allows for identification of non-value-adding activities and opportunities for cost reductions through reengineering or redesign.

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