O Terms

O Terms

Opportunity

Opportunity
A risk that would have a positive effect on one or more project objectives.

Optimistic Duration

Optimistic Duration
An estimate of the shortest activity duration that takes into account all of the known variables that could affect performance.

Organizational Breakdown Structure

Organizational Breakdown Structure
A hierarchical representation of the project organization, which illustrates the relationship between project activities and the organizational units that will perform those activities.

Organizational Process Assets

Organizational Process Assets
Plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization.

Organizational Project Management Maturity

Organizational Project Management Maturity
The level of an organization's ability to deliver the desired strategic outcomes in a predictable, controllable, and reliable manner.