Unit 1 VOC PM1 Review

The process of establishing and maintaining the definition of the scope of a project, the way the project will be performed (procedures and tasks), roles and responsibilities and the time and cost estimates.

• Planning

• Project management

• Float

• Task

the process by which projects are defined, planned, monitored, controlled and delivered such that the agreed benefits are realized. Projects are unique, transient endeavors undertaken to achieve a desired outcome. Projects are about change and project management is recognized as the most efficient way of managing such change

• Estimate

• Stakeholder

• Activity

• Project management

An assessment of the required duration, effort and/or cost to complete a task or project. Since estimates are not actual, they should always be expressed with some indication of the degree of accuracy

• Planning

• Estimate

• Project

• Task

Anybody and everybody with a stake in the project - clients, sponsors, performers, the general public and even the family and friends of direct participants can be considered stakeholders. Not to be confused with the guy that holds the stake when the vampire slayer slays the vampire.  The people who have a vested interest in the outcome of the project.

• Activity

• RBM

• Stakeholder

• Budget

 a one-time effort to accomplish an explicit objective by a specific time. Each project is unique although similar projects may exist. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion. Each activity in the project will be monitored and controlled to determine its impact on other activities and projects

• Stakeholder

• Project

• Estimate

• Manager

A concise and accurate description of the expected work, products and deliverables. Also includes works and products that are not included in the project.

• Budget

• Project Scope Statement

• Probability

• Task

Actions taken or work performed through which inputs, such as funds, technical assistance and other types of resources are mobilized to produce specific outputs.

• Activity

• Float

• Budget

• Risk

A document that describes the project at a high level of detail and is used to authorize the Project Manager to begin work. It may also be called a "Project Brief," or any number of other synonyms.

• Project Charter

• Estimate

• Activity

• Beneficiary

A management strategy by which an organization ensures that its processes, products and services contribute to the achievement of desired results (outputs, outcomes and impacts). RBM rests on clearly defined accountability for results, and requires monitoring and self-assessment of progress towards results, and reporting on performance.

• CNC

• BCHS

• RBM

• Float

The amount of time available for a task to slip before it results in a delay of the project end date. It is the difference between the task's early and late start dates

• Sink

• Float

• Budget

• Activity