Project Management Glossary of Termswww.pm4dev.com
GLOSSARY OFTERMS
Acceptance
The formal process of accepting delivery of a product ordeliverable.
Acceptance Criteria
Performance requirements and essential conditions thathave to be achieved before project deliverables areaccepted.
Accountability
The obligation to report on one's actions.
Activity
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 Duration
Activity duration specifies the length of time (hours, days,weeks, months) that it takes to complete an activity. Thisinformation is optional in the data entry of an activity.
Actual Dates
Actual dates are entered as the project progresses. Theseare the dates that activities really started and finished asopposed to planned or projected dates.
Actuals
The cost or effort incurred in the performance of tasks.Also, the dates tasks have been started or completed andthe dates milestones have been reached.
Alternatives
A number of different solutions and approaches that mustbe evaluated and chosen to attain the objectives of aproject.
Analogous Estimating
Estimating using similar projects or activities as a basis fordetermining the effort, cost and/or duration of a currentone. Usually used in Top-down Estimating.
Approach Statement
A high-level description of how the project will accomplishits goals and objectives.
Assumption
Something taken as true without proof. In planning,assumptions regarding staffing, complexity, learning curvesand many other factors are made to create plan scenarios.These provide the basis for estimating. Remember,assumptions are not facts. Make alternative assumptions to
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Great list of PM definitions