Project Management

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Trigger Condition

Thu, 07/21/2016 - 11:45  |  ypm_admin
Trigger Condition
An event or situation that indicates that a risk is about to occur.
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Variance Analysis

Thu, 07/21/2016 - 11:43  |  ypm_admin
Variance Analysis
A technique for determining the cause and degree of difference between the baseline and actual performance.
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Variance at Completion (VAC)

Thu, 07/21/2016 - 11:41  |  ypm_admin
Variance at Completion (VAC)
A projection of the amount of budget deficit or surplus, expressed as the difference between the budget at completion (BAC) and the estimate at completion (EAC).
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WBS Dictionary

Thu, 07/21/2016 - 11:13  |  ypm_admin
WBS Dictionary
A document that provides detailed deliverable, activity, and scheduling information about each component in the work breakdown structure.
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What-If Scenario Analysis

Thu, 07/21/2016 - 11:12  |  ypm_admin
What-If Scenario Analysis
The process of evaluating scenarios in order to predict their effect on project objectives.
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Work Breakdown Structure (WBS)

Thu, 07/21/2016 - 11:10  |  ypm_admin
Work Breakdown Structure (WBS)
A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.
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Work Package

Thu, 07/21/2016 - 11:07  |  ypm_admin
Work Package
The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated and managed.
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Workaround

Thu, 07/21/2016 - 11:05  |  ypm_admin
Workaround
A response to a threat that has occurred, for which a prior response had not been planned or was not effective
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Activity

Thu, 07/21/2016 - 09:50  |  ypm_admin
Activity
A distinct, scheduled portion of work that is performed during the course of a project.
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Acceptance Criteria

Thu, 07/21/2016 - 09:48  |  ypm_admin
Acceptance Criteria
A set of conditions that is required to be met before deliverables are accepted
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