A Guide to Project Management

Finish dates can change as the project progresses and

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Unformatted text preview: to some or all of the other dependency lines. See also arrow diagramming method and precedence diagramming method. Order-of-Magnitude Estimate. See estimate. Organizational Breakdown Structure (OBS). A depiction of the project organization arranged so as to relate work packages to organizational units. Organizational Planning. Identifying, documenting, and assigning project roles, responsibilities, and reporting relationships. Overlap. See lead. A Guide to the A Guide to the Project Project Management Management Body of Body of KnowledgeE L KnowledgeE PL MP AM SA S A Guide to the Project Management Body of Knowledge (PMBOK Guide) 2000 Edition 2000 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST 203 ACROYMNS LIST Glossary ment ment geE L geE PL P Parametric Estimating. An estimating technique that uses a statistical relationship between historical data and other variables (e.g., square footage in construction, lines of code in software development) to calculate an estimate. Pareto Diagram. A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause. Path. A set of sequentially connected activities in a project network diagram. Path Convergence. The node in the schedule where parallel paths merge or join. At that node, delays or elongation of any converging path can delay the project. In quantitative risk analysis of a schedule, significant risk may occur at this point. Path Float. See float. Percent Complete (PC). An estimate, expressed as a percent, of the amount of work that has been completed on an activity or a group of activities. Performance Measurement Baseline. An approved plan against which deviations are compared for management control. Performance Reporting. Collecting and disseminating performance information. This includes status reporting, progress measurement, and forecasting. Performing Organization. The enterprise whose employees are most directly involved in doing the work of the project. PERT Chart. The term is commonly used to refer to a project network diagram. See program evaluation and review technique for the traditional definition of PERT. Phase. See project phase. Planned Finish Date (PF). See scheduled finish date. Planned Start Date (PS). See scheduled start date. Planned Value (PV). The physical work scheduled, plus the authorized budget to accomplish the scheduled work. Previously, this was called the budgeted costs of work scheduled (BCWS). Precedence Diagramming Method (PDM). A network diagramming technique in which activities are represented by boxes (or nodes). Activities are linked by precedence relationships to show the sequence in which the activities are to be performed. Precedence Relationship. The term used in the precedence diagramming method for a logical relationship. In current usage, however, precedence relationship, logical relationship, and dependency are widely u...
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