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38 items found
The PMI Agile Community Backlog is a collection of backlogs from several teams with the following themes :
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 "re-baselined" - which isn't a word, but project managers use...
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...
The basis is the specific rationale, typically hard metrics, for arriving at a particular estimate. This term is used for any type of estimate, including cost, time, resrouces, etc....
A benchmark is a accepted standard of performance that has been achieved by a member or members of an industry group....
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.
A technique used for estimating the direct (tangible) or indirect (intangible) favorable results of an action taken. Tangible benefits can be measured in terms of their direct monetary value, such as increase in revenue; intangible benefits are the favorable results that may not be measurable in dollar terms, such as improved morale of the employees, but can be estimated using a qualitative approach.
Benefits are tangible or intangible positive results of a project or program. Project benefits are distinct from project deliverables.