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A project-selection technique in which criteria are defined and a weight given to it; Each project is then measured on the sum of each of those components and selections made from that result
Weighted Scoring Model
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An integrated set of pieces used to achieve a specific project goal; could be an actual process or managment process, or some mix of both approaches
System
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The foundation document which states the main details of the project or program; typically includes the following: Scope of the project of program, and constraints and assumptions including time and cost goals, why the project or program is being done, description of project or program manager authority
Project or Program Charter (Output/Input)
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A description of services, products, and work results to be accomplished on a project or other initiative
Statement of Work (SOW)
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Commitment from the sponsor and organization to start a project or to continue it to the next phase
Initiation
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A group of people formally recognized to approve or reject requested changes on a project
Change Control Board (CCB)
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Determining documentation needs associated with how the scope of the project will be managed; can include approaches for project decomposition and verification
Monitor and Control Project Work
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The amount of time needed to recover the investment in the project
Payback Period
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The process of finalizing all project activities to formally complete a project or phase
Close Project or Phase
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An information system which includes the tools and techniques used to support a project from inception through closure
Project Management Information System (PMIS)
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The amount of income from an investment; income divided by the investment
Return on Investment (ROI)
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The process of discovering key needs, names, position, focus, and influences on the project of all stakeholders
Stakeholder Analysis
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A formal request for a change to the project that is submitted for approval via the integrated change control process
Requested Change
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A collection of historical information about previous projects
Lessons Learned Knowledge Base
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The process of developing the project charter
Develop Project Charter
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An educated, logical guess about a variable when its details are unknown on a project or program
Assumption
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Long-term planning by a company (usually three to five years in the future)
Strategic Planning
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A request for change on a project or program that has been approved via formal or informal change request
Approved Change Request (Output/Input)
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A document which tracks items that occur during a project (e.g., change, issue, and defect)
Log
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An approach that attempts to forecast future results based on historical information
Trend Analysis (Technique)
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The processes used to manage all Knowledge Areas across the project life cycle; can includ plan creation, execution, and change control
Project Integration Management
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The process of performing the work defined in the project management plan
Direct and Manage Project Execution
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Attaining signature for a piece of the project or the complete project, where the signature represents completion or closure of the project or that piece of the project
Formal Acceptance
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A system in the project management approach that allows the right work to begin at the right time (or sequence) by the right people; can be something as informal as Project Manager approval to something as formal as documented predecessors and signoff before work can begin
Work Authorization System
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A documented, formal process that manages change associated with the project or program
Change Control System
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An item such as the template of a computer application used in a project to help complete project work
Tool
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A subsystem of the project management system that is used to ensure that the project creates what is intended from the details of the project management plan
Configuration Management System
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Actions on a project that will correct a component of the project or program that is out of alignment with the baseline
Corrective Actions
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The process of accumulating, finishing, and interpreting information to achieve completion of a phase or project
Administrative Closure
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The formal or informal process of reviewing changes associated with a project; will result in approval or rejection of changes
Change Control
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A process which verifies that the products of the project are complete and accurate
Configuration Management
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A set of records that correctly describe and document the history of the project
Project Archives
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Apply the change control process as it relates to all project Knowledge Areas
Perform Integrated Change Control
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A measurement approach that compares what was technically created in the project compared to what the project management plan shows should have been created
Technical Performance Measurement (Technique)
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A technique to determine if the project assumptions are accurate, consistent, and complete and, if not, the resultant risks to the project
Assumption analysis
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(Formerly called the projec plan) A formal comprehensive document that describes how the plan of the project will be implemented and monitored; can include various management plans (from the Knowledge Areas) and documents such as the work breakdown structure, project scope statement, and organizational chart
Project Management Plan (Output/Input)
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The process of documenting the required actions to prepare and integrate the various management plans for the project
Develop Project Management Plan
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A process, meeting, or questionnaire (possibly all) to discuss what worked and didn't work on the project, with the purpose of not repeating what didn't work and maximizing what did work correctly
Lessons Learned
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A technique which ensures that the right work is done at the right time in the right order
Work Authorization
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