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PMO Terms & Definitions

Froggy Jumps

Brush up on your terminology

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Froggy Jumps

PMO Terms & DefinitionsVersión en línea

Brush up on your terminology

por Kasey McClelland
1

The work item’s allocated hours have reached zero and the system assumes no further work needs to be done.

2

# of hours a resource is expected to spend on a work item in order to complete it (duration x %).

3

A prediction or estimate of future project related costs.

4

A snapshot of project start and finish schedule dates as they exist at a given point in time; used for future measurement and can only have one can be active at a time.

5

A cloud-based tool for project management activities and time tracking in IT

6

A system process that progresses unfinished work forward in the project schedule

7

These types of expenses are meant to distinguish vendor hosted or cloud-based assets tracked in future fiscal years.

8

An early, high-level estimate of the overall project costs.

9

The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.

10

When the team's resources are likely reassigned to other tasks until the project picks back up. Timelines, Due Dates, and Availability may change. If the scope of the project changes, new rates must be calculated.

11

Refers to an event that does not follow a normal repeating schedule

12

This breaks work into smaller tasks to make work more manageable

13

The classification number associated with a specific department that ties all operating expenses to the department

14

The assignment of work to a specific resource for a specific duration of time and amount of effort.

15

Any unique and variable product, result, or capability to perform a service that is produced to complete a process, phase, or project

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