Parametric Estimating

A cost-estimating technique that uses project characteristics (parameters) in a mathematical model to estimate project costs

Precedence Diagramming Method (PDM)

A schedule network diagramming technique in which schedule activities are represented by boxes (or nodes).

An analytical technique to determine the essential features and relationships of components in the project management plan to establish a reserve for the schedule duration, budget, estimated cost, or funds for a project.

A technique in which start, and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.

A form of progressive elaboration planning where the work to be accomplished in the near term is planned in detail and future work is planned at a higher level of the WBS.

Techniques used to shorten the schedule duration without reducing the project scope.

The process of identifying and documenting relations among the project activities.

An activity relationship that requires an activity to start so that its successor can finish. This is the most unusual of all the activity relationship types.

An activity relationship type that requires the current activity to start before its successor can start.

A technique used to estimate cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.

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PM vocab 11

Term	Definition
Parametric Estimating	A cost-estimating technique that uses project characteristics (parameters) in a mathematical model to estimate project costs
Precedence Diagramming Method (PDM)	A schedule network diagramming technique in which schedule activities are represented by boxes (or nodes).
Reserve Analysis	An analytical technique to determine the essential features and relationships of components in the project management plan to establish a reserve for the schedule duration, budget, estimated cost, or funds for a project.
Resource Leveling	A technique in which start, and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.
Roll wave planning	A form of progressive elaboration planning where the work to be accomplished in the near term is planned in detail and future work is planned at a higher level of the WBS.
Schedule Compression	Techniques used to shorten the schedule duration without reducing the project scope.
Sequence activities	The process of identifying and documenting relations among the project activities.
Start-to-finish	An activity relationship that requires an activity to start so that its successor can finish. This is the most unusual of all the activity relationship types.
Start-to-start	An activity relationship type that requires the current activity to start before its successor can start.
Three-Point Estimate	A technique used to estimate cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.

Created by: jag_07

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