Save
Busy. Please wait.
Log in using Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

APMPFQ_Terminology_4

Section 4: Project management planning

TermDefinition
Success factors The management practices that, when implemented, will increase the likelihood of success of a project. The degree to which these practices are established and embedded within an organisation indicates its level of maturity.
Business case The business case provides justification for undertaking a project, in terms of evaluating the benefit, cost and risk of alternative options and the rationale for the preferred solution. Its purpose is to obtain management commitment and approval for investment in the project.
Benefit The quantifiable and measurable improvement resulting from completion of deliverables that is perceived as positive by a stakeholder. It will normally have a tangible value, expressed in monetary terms that will justify the investment.
Success criteria The qualitative or quantitative measures by which the success of project management is judged.
Key performance indicator KPI. Measures of success that can be used throughout the project to ensure that it is progressing towards a successful conclusion.
KPI Key performance indicator. Measure of success that can be used throughout the project to ensure that it is progressing towards a successful conclusion.
Planning Determines what is to be delivered, how much it will cost, when it will be delivered, how it will be delivered and who will carry it out.
Stakeholders The organisations or people who have an interest or role in the project or are impacted by the project.
Stakeholder management Stakeholder management is the systematic identification, analysis, planning and implementation of actions designed to engage with stakeholders.
Estimate An approximation of project time and cost targets, refined throughout the project life cycle.
Constraint Things that should be considered as fixed or must happen, and that will affect the project.
Project risk The exposure of stakeholders to the consequences of variation in outcome.
Dependency Something on which the successful delivery of the project critically depends.
Milestone A key event. An event selected for its importance to the project.
Schedule The timetable for a project.
Baseline The reference levels against which the project is monitored and controlled.
Benefits management The identification, definition, planning, tracking and realisation of business benefits.
Disbenefit A consequence of change perceived as negative by one or more stakeholders.
Comparative estimating An estimating technique based on comparison with similar work previously completed. Also known as analagous estimating.
Bottom-up estimating An estimating technique based on making estimates of components of the whole, and aggregating them to obtain an estimate for the whole. Also known as analytic estimating.
Analagous estimating An estimating technique based on comparison with similar work previously completed. Also known as comparative estimating.
Analytic estimating An estimating technique based on making estimates of components of the whole, and aggregating them to obtain an estimate for the whole. Also known as bottom-up estimating.
Three-point estimating A mathematically based technique for deriving activity planning values from the (experience based) optimistic, most likely and pessimistic values.
Created by: Hilary Small
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards