Prof. Dr. Larry AdamsAcademic, Author & Researcher

Glossary

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TermMeaning
AgileA family of iterative approaches based on the values and principles of the Agile Manifesto
BaselineThe approved version of the scope, schedule, or cost used for comparison
Business caseThe justification for a project, including benefits, costs, and risks
Change controlThe process of reviewing and approving changes to the baseline
CharterA document that authorizes a project and gives the manager authority
Contingency reserveBudget or time set aside for identified risks
CPI and SPICost and schedule performance indices from earned value management
Critical pathThe longest path of dependent tasks, which determines the minimum duration
DeliverableA unique, verifiable product, result, or service
Earned valueThe budgeted cost of the work actually completed
Float (slack)The time a task can be delayed without delaying the project
Gantt chartA bar chart of tasks against time
GovernanceThe framework of oversight and decision rights
IssueA risk that has occurred
KanbanA method that visualizes work and limits work in progress
MilestoneA significant point or event in the project
PMOA project management office
PortfolioA collection of projects and programs managed together
ProgramA group of related projects managed together
RACIA matrix of Responsible, Accountable, Consulted, and Informed
Risk registerA record of identified risks, their analysis, and responses
Scope creepUncontrolled growth of scope
ScrumAn agile framework using fixed-length Sprints
SprintA timebox of one month or less in Scrum
StakeholderA person or group affected by, or able to affect, the project
WBSA hierarchical breakdown of the scope into deliverables and work packages