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Project Management

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Pessimistic Duration

Pessimistic Duration
An estimate of the longest activity duration, which takes into account all of the known variables that could affect performance.
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Phase Gate

Phase Gate
A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a project or program.
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Planned Value

Planned Value
The authorized budget assigned to scheduled work.
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Portfolio

Portfolio
Projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives.
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Portfolio Balancing

Portfolio Balancing
The process of optimizing the mix of portfolio components to further the strategic objectives of the organization.
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