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PM voacb 5
| Term | Definition |
|---|---|
| Change Request | Requests to expand or reduce the project scope or modify project processes and plans. |
| Contract | A mutually binding agreement that obligates the seller to provide a specific product or service and obligates the buyer to pay for it |
| Corrective Action | A reactive process that involves identifying and fixing the root cause of a problem to prevent it from happening again. |
| Cost performance baseline | Projected budgets that predict the overall cost of a project in a particular period; Used to compare planned cost to actual cost. |
| Defect Repair | The process of fixing a problem in a product or service that has already occurred. |
| Deliverable | Any unique and verifiable product, result, or service that must be produced to complete a process or project. |
| Enterprise environmental factors | All external and internal factors that surround or influence a project's success. |
| Expert judgement | A technique in the project planning process that refers to making a judgment based on skill, expertise, or specialized knowledge in a particular area. |
| Goal setting | The ability to visualize, set, and focus on achieving objectives |
| Gold plating | Intentionally adding extra features or functions to the products which were not included in the scope statement. |