A Guide to Project Management

The work of the predecessor start to finish the

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ge (PMBOK Guide) 2000 Edition 2000 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST 205 ACROYMNS LIST Glossary ment ment geE L geE PL P Project Risk Management. Risk management is the systematic process of identifying, analyzing, and responding to project risk. It includes maximizing the probability and consequences of positive events and minimizing the probability and consequences of events adverse to project objectives. It includes the processes of risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control. Project Schedule. The planned dates for performing activities and the planned dates for meeting milestones. Project Scope. The work that must be done to deliver a product with the specified features and functions. Project Scope Management. A subset of project management that includes the processes required to ensure that the project includes all of the work required, and only the work required, to complete the project successfully. It consists of initiation, scope planning, scope definition, scope verification, and scope change control. Project Team Members. The people who report either directly or indirectly to the project manager. Project Time Management. A subset of project management that includes the processes required to ensure timely completion of the project. It consists of activity definition, activity sequencing, activity duration estimating, schedule development, and schedule control. Projectized Organization. Any organizational structure in which the project manager has full authority to assign priorities and to direct the work of individuals assigned to the project. Qualitative Risk Analysis. Performing a qualitative analysis of risks and conditions to prioritize their effects on project objectives. It involves assessing the probability and impact of project risk(s) and using methods such as the probability and impact matrix to classify risks into categories of high, moderate, and low for prioritized risk response planning. Quality Assurance (QA). 1) The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards. 2) The organizational unit that is assigned responsibility for quality assurance. Quality Control (QC). 1) The process of monitoring specific project results to determine if they comply with relevant quality standards and identifying ways to eliminate causes of unsatisfactory performance. 2) The organizational unit that is assigned responsibility for quality control. Quality Planning. Identifying which quality standards are relevant to the project, and determining how to satisfy them. Quantitative Risk Analysis. Measuring the probability and consequences of risks and estimating their implications for project objectives. Risks are characterized by probabili...
View Full Document

This document was uploaded on 09/27/2013.

Ask a homework question - tutors are online