Acquisition and project management glossary of terms handbook

A comprehensive glossary of project management terms. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Budget at completion bac the sum of all budget values established for the work to be performed on a project or a work breakdown structure component or a schedule activity. Glossary of project management terms and acronyms used by project managers and business professionals. The index gives access to useful definitions of more specific concepts located in the body of the handbook. Project management abbreviation glossary checkykey. Us doe apm glossary of terms a handbook developed by the united states department of energy doe office of acquisition and project management apm for use on doe projects by federal project directors fpd and industry contractors. Aggregate planning is an operational activity which does an aggregate plan for the production process, in advance of 2 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. This management dictionary contains a description and explanation of terms and methods. Project management glossary of terms page 8 fall 2007 budget the approved estimate for the project or any work breakdown structure component or any schedule activity. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Glossary of acquisition terms advance payments for a payment made before any performance of work under a noncommercialitem noncommercial contract.

A business analysts glossary for project management terminology. Heres how evm can be applied over the course of a projects duration. Acquisition is all about setting up a project management infrastructure that can mobilize the resources. Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. Project management glossary and acronyms checkykey. Mow pms chapter 20 pm glossary of terms page 1 of 19 reference. May 09, 2020 us doe apm glossary of terms a handbook developed by the united states department of energy doe office of acquisition and project management apm for use on doe projects by federal project directors fpd and industry contractors.

Acquisition strategy the establishment of the most appropriate means of procuring the component parts or services of a project. The main objective of the handbook is to provide guidance that can be used by estimators, federal project directors fpds, procurement officials, or other em officials needing cost. The primary source document for agreed definitions is the nato glossary of terms and definitions aap6. In 2012, the procurement networks working group on harmonization moved the original procurement practitioners handbook to this platform, leaving the main content untouched. Handbook for effective management and workout of msme npls. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. This glossary contains more than 600 terms and provides simple, clear explanations. Glossary of project management terms and acronyms used by project managers and business. Project management in relation to programme management and grant requirements.

Request required when purchasing materials, equipment or supplies from a vendor. In preparing the pep, terminology used should consistent with the acquisition and project. It was compiled to assist students in courses at the university of michigan. You may also be looking for an mba dictionary or mba glossary. Steps can be superimposed onto horizontal swimlanes for the roles that perform the steps activity. It provides a master schedule for research, development. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. While the glossary identifies and highlights many terms, it is not allinclusive, particularly regarding the services and other organizationally unique terms. Project management glossary terms used by project professional. This infrastructure is also necessary to create policies for the acquisition as well as the deployment of resources so that the projects will proceed as planned.

Liabilities that result from a purchase of goods or services on an open account. The most complete project management glossary for professional project managers. Acquisition in project management project management. Earned value management evm a way to measure project performance, and is commonly used in government projects. With hundreds of project management terms, including all the latest updates from the newlypublished apm body of knowledge 7th edition, the glossary is the perfect companion for project professionals in their daytoday work, for students studying for apms pfq and pmq qualifications and for training providers looking to create study materials. From a to z this comprehensive list will be useful for any project manager, team member or stakeholder or even those wanting to learn more about project management. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Project management has been increasing in visibility both inside and outside the executive office. Terms appearing in coloured, bold, italic print designate the basic concepts of terminology work and are defined in the glossary section of the handbook see page 103. Plus weve added handy links to help you dive deeper into different topics with videos, articles and even our roundup of all resources so you can put these important terms into practice with your proejcts. Dod human systems integration management plan version 1. It focuses on terms with generic dod application but also.

Defense acquisition acronyms and terms and offer our special thanks to mem. In the defense industry, acquisition means the purchase of products and systems. Risk management system a centralized system that allows a bank to holistically monitor banks risks, including credit risk. The complete glossary of project management terms smartsheet. Section ii provides definitions for terms you will likely need as your project. Download and print the free glossary from our media gallery. From pmo to prince2, well give you the terminology and resources youll. Understanding these terms and acronyms is an important. The ideas from agile software development applied to project management. In a project context, estimation is the way to make accurate budgets or timelines for a project. The booklet details general project management standards, procedures, and controls and discusses various development, acquisition, and maintenance project risks. Acquisition decision memorandum adm, materiel development decision mdd template v1. A comprehensive project management glossary project.

This glossary includes terms pertinent to operations management. Software acquisition planning guidelines 3 acquisition strategy. Examples in the text and in the glossary appear in coloured italic. Sort through the jargon with our glossary of project management terms and their definitions. The glossary of terms was updated reflecting the procurement networks agreed harmonized definitions for procurementrelated terms. Amounts owed to a company by customers as a result of delivering goods or services and extending credit in the ordinary course of business. It is the framework for planning, directing, contracting for, and managing a program. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. Defense acquisition university 9820 belvoir road fort belvoir, va 22060 contact us. Outline the management systems in place to select, develop and motivate the people involved in the acquisition process tell you where you can find out more about smart acquisition, and explain some of the jargon. Management glossary of terms handbook, dated september 2014. Cybersecurity and acquisition lifecycle integration tool.

Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Glossary of terms for investment planning and project. Defense acquisition acronyms and terms contains most acronyms, abbreviations, and terms commonly used in the systems acquisition process within the department of defense dod and defense industries. A unit of work performed as part of an initiative or process.

Under the atvm loan program, for purposes of making a determination under paragraph a2 of section 611. Initial contributions to the handbook were provided by all sesar 1. Typically the purchase of a company or a significant business asset. Following is a list of common terms, definitions, and acronyms used within the project management industry. Restructuring plan a document containing the measures to be taken in order to restore borrowers viability. Acquisition decision memorandum adm, full rate production frp template v1. A term introduced to refer to a project that delivers one or. This term is defined in the 5th edition of the pmbok. This glossary defines the most frequently used words and phrases. Section i is a listing of basic project management terms. Chapter 3 addresses the importance of ethics and integrity in the acquisition process. Glossary of standard project management terms page i developed by comptia. Handbook for effective management and workout of msme.

Those discussions serve as the backdrop to discussion of the acquisition team and acquisition process chapter 4, cor responsibilities chapter 5 and an overview of contracts. Nov 02, 2015 everything you need to know about project management terms is here in one list. Heres how evm can be applied over the course of a project s duration. Contract management procurement guidance world bank. Eugene goodson executive in residence tauber institute for global operations university of michigan this glossary includes terms pertinent to operations management as well as concepts from the toyota production system. Activity 1 a component of work performed during the course of a project. Project management glossary of terms page 6 fall 2007 a acceptance criteria those criteria, including performance requirements and essential conditions, which must be met before project deliverables are accepted. Except when used with defined terms such as contract manager. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. The sponsors is normally a part of the management team director or higher, who can exert influence on the outcome of the project. Generally, the least preferred method of contract financing.

This december 1998 version of the glossary of acquisition terms was prepared by the. Acquiring and enforcing the governments rights in technical data and computer software under department of defense contracts. Ffiec it examination handbook infobase introduction. The development and acquisition booklet describes common project management activities and emphasizes the benefits of using wellstructured project management techniques. Free glossary of project management terms and definitions. Accountability the obligation to report on ones actions. Italicized terms within definitions are defined in this document. Civilian acquisition workforce personnel demonstration project. A model that illustrates the flow of processes and or complex use cases by showing each activity along with information flows and concurrent activities. Department of energy environment management consolidated. A business and technical management approach designed to achieve program objectives within the resource constraints imposed. A business analysts glossary for project management. The purpose of the dod civilian acquisition workforce personnel demonstration project is to demonstrate that the effectiveness of dod acquisition can be enhanced by allowing greater managerial control over personnel processes and functions and, at the same time, expand the. This glossary is a guide to the most commonly used business analysis and project management terms.

Many words and phrases used in this glossary have a special meaning in the context of investment planning and project management in the public service. Electronic procurement that occurs when the activities of the purchasing process are conducted electronically, typically over the internet, to shorten the cycle time. If you come across a term you dont understand try the jargon buster at the back. While many of these terms are not mentioned within the body of suite documents, they are nonetheless important to understand project management.

Department of energy acquisition guide department of energy. The sponsor is also responsible for facilitating acquisition of human resources and for providing insight and feedback to the project manager throughout the duration of the project. The ongoing monitoring and management of the suppliers performance regarding the promised goods or services, as well as assuring compliance with all other. Does apm acquisition and project management glossary of terms.