- Industry: Government
- Number of terms: 5883
- Number of blossaries: 0
- Company Profile:
No excess time between activities. An activity with zero float is considered a critical activity. If the duration of any critical activity is increased (the activity slips), the project finish date will slip.
Industry:Business services
Something tangible, such as a template or software program, used in performing an activity to produce a product or result.
Industry:Business services
A legal document that binds two or more parties to specific and implied obligations (e.g., a contract).
Industry:Business services
Any organisational structure in which the project manager has full authority to assign priorities, apply resources, and direct the work of persons assigned to the project.
Industry:Business services
The depiction in a diagram format of the inputs, process actions, and outputs of one or more processes within a system.
Industry:Business services
An analytical technique that uses mathematical models to forecast future outcomes based on historical results. It is a method of determining the variance from a baseline of a budget, cost, schedule, or scope parameter by using prior progress reporting periods' data and projecting how much that parameter's variance from baseline might be at some future point in the project if no changes are made in executing the project.
Industry:Business services
Building a common understanding of the project and developing a common view of what the solution will and will not address.
Industry:Business services
The process of prioritising risks for subsequent further analysis or action by assessing and combining their probability of occurrence and impact.
Industry:Business services
Estimates or predictions of conditions and events in the project’s future based on information and knowledge available at the time of the forecast. Forecasts are updated and reissued based on work performance information provided as the project is executed. The information is based on the project’s past performance and expected future performance, and includes information that could impact the project in the future, such as estimate at completion and estimate to complete.
Industry:Business services
Indications that a risk has occurred or is about to occur. Triggers may be discovered in the risk identification process and watched in the risk monitoring and control process. Triggers are sometimes called risk symptoms or warning signs.
Industry:Business services
