- Industry: Government
- Number of terms: 5883
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The five process groups required for any project that have clear dependencies and that are required to be performed in the same sequence on each project, independent of the application area or the specifics of the applied project life cycle. The process groups are initiating, planning, executing, monitoring and controlling, and closing.
Industry:Business services
Document that includes only major variations from plan (rather than all variations).
Industry:Business services
The schedule activity that follows a predecessor activity, as determined by their logical relationship.
Industry:Business services
A subset of project management that includes the processes required to acquire goods and services to attain project scope form outside the performing organization. It consists of procurement, planning, solicitation planning, solicitation, source selection, contract administration, and contract closeout.
Industry:Business services
An analytical procedure in which each potential failure mode in every component of a product is analysed to determine its effect on the reliability of that component and, by itself or in combination with other possible failure modes, on the reliability of the product or system and on the required function of the component; or the examination of a product (at the system and/or lower levels) for all ways that a failure may occur. For each potential failure, an estimate is made of its effect on the total system and of its impact. In addition, a review is undertaken of the action planned to minimise the probability of failure and to minimise its effects.
Industry:Business services
A group of related schedule activities aggregated at some summary level, and displayed/reported as a single activity at that summary level. See also subproject and subnetwork.
Industry:Business services
A subset of project management that includes the processes required to ensure that the project will satisfy the needs for which it was undertaken. It consists of quality planning, quality assurance, and quality control.
Industry:Business services
A specific project schedule compression technique that changes network logic to overlap phases that would normally be done in sequence, such as the design phase and construction phase, or to perform schedule activities in parallel. See schedule compression and crashing.
Industry:Business services
This information-gathering technique examines the project from the perspective of each project’s strengths, weaknesses, opportunities, and threats to increase the breadth of the risks considered by risk management.
A process whereby a group of people determine:
1. What Strengths do we have? (How can we take advantage of them?)
2. What Weaknesses do we have? (How can we minimise them?)
3. What Opportunities are there? (How can we capitalise on them?)
4. What Threats might prevent us from getting there? (Consider technical obstacles, competitive responses, values of people within the organization, etc. For every obstacle identified, what can we do to overcome or get around it? This helps to develop contingency plans.)
Industry:Business services
Risk Management is the systematic process of identifying, analyzing, and responding to project risk. It includes maximising the probability and consequences of positive events and minimising the probability and consequences of events adverse to project objectives. It includes the processes of risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control.
Industry:Business services
