GlossaryPMBOK5thEdOtoZ Flashcards
objective
Something toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed.
observations
A technique that provides a direct way of viewing individuals in their environment performing their jobs or tasks and carrying out processes.
opportunity
A risk that would have a positive effect on one or more project objectives.
optimistic duration
An estimate of the shortest activity duration that takes into account all of the known variables that could affect performance.
organizational Breakdown Structure (oBS)
A hierarchical representation of the project organization that illustrates the relationship between project activities and the organizational units that will perform those activities.
organizational Process Assets
Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.
organizational Project Management Maturity
The level of an organization’s ability to deliver the desired strategic outcomes in a predictable, controllable, and reliable manner.
output
A product, result, or service generated by a process. May be an input to a successor process.
Parametric Estimating
An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters.
Pareto diagram
A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause.
Path convergence
A relationship in which a schedule activity has more than one predecessor.
Path divergence
A relationship in which a schedule activity has more than one successor.
Payment Systems
The system used to provide and track supplier’s invoices and payments for services and products.
Percent complete
An estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.
Perform Integrated change control
The process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, project documents, and the project management plan; and communicating their disposition.
Perform Qualitative risk Analysis
The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
Perform Quality Assurance
The process of auditing the quality requirements and the results from quality control measurements to ensure that appropriate quality standards and operational definitions are used.
Perform Quantitative risk Analysis
The process of numerically analyzing the effect of identified risks on overall project objectives.
Performance Measurement Baseline
An approved, integrated scope-schedule-cost plan for the project work against which project execution is compared to measure and manage performance. The PMB includes contingency reserve, but excludes management reserve.
Performance reviews
A technique that is used to measure, compare, and analyze actual performance of work in progress on the project against the baseline.
Performing organization
An enterprise whose personnel are most directly involved in doing the work of the project or program.
Pessimistic duration
Estimate of the longest activity duration that takes into account all of the known variables that could affect performance.
Phase Gate
A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a project or program.
Plan communications Management
The process of developing an appropriate approach and plan for project communications based on stakeholder’s information needs and requirements and available organizational assets.