Project Management
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Risk audit

Wiki

Risk audit is the examination and documentation of the effectiveness of risk responses in dealing with identified risk and their root causes, as well as the effectiveness of the risk management process.

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.

Boilerplate

Wiki

Boilerplate is standard terminology (often sections of a proposal, deliverable, or contract) that is reusable many times and is unlikely to change.

Variance Analysis

Wiki

Variance Analysis is the quantitative investigation of the difference between actual and planned behaviour. This technique is used for determining the cause and degree of difference between the baseline and actual performance and to maintain control over a project.

Benchmarking

Wiki

Benchmarking determines where the enterprise is in relation to performing activities with "best-of-breed" or world-class companies. It measures the performance or the degree of success that has been realized in comparison to other companies for a given activity, value stream, or other factors of interest. These measures then become the basis for analysis and redesign.

Amortization

Wiki

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

Baseline Budget

Wiki

A baseline budget is the estimate of project costs that you start with at the beginning of your project. When you talk about being "under budget", this is what you are comparing your actual performance to. Sometimes when there is a significant change in scope, the project can be ...

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