Acronyms Flashcards
(15 cards)
When assessing a Needs Requirements and prioritizing projects, what does MoSCoW stand for?
Must have
Should have
Could have
Wont have
What is IRR?
Internal Rate of Return
What is ROI?
Return On Investment
What is SROAM?
Strategic
Risk and
Opportunity
Assessment
Model
Objectives are SMART.
Specific
Measurable
Attainable
Relevant
Time Based
What is a PARIS Chart?
Matrix document that indicates the role or responsibility each person has in the project.
Performs the task.
Accountable for the outcome.
Reviews and gives feedback.
Input on technical info.
Signing authority.
What is PDM?
Precedence Diagramming Method.
A.K.A: Network Diagram.
Used to create a network diagram of tasks and their related dependencies.
What is BAC?
Budget At Completion. This is the total budgeted cost of the project.
What is PV or BCWS?
Planned Value or Budgeted Cost of Work Scheduled.
This is the value of work at a status date as it was originally estimated.
What is AC or ACWP?
Actual Cost or Actual Cost of Work Performed. This is the value of work at a status date that was actually performed.
What is EV or BCWP?
Earned Value or Budgeted Cost of Work Performed. The value of the work that has been performed at the status date.
What is ITB?
Invitation To Bid
What is RFI?
Request For Information
What is RFP?
Request For Proposal
What is RFQ?
Request For Quotation
