Free PMP Terms and Definitions
Understanding common project management terms can be a challenge for all project managers. To help you understand those terms and definitions Crosswind Project Management has created a free to use glossary to help in your pmp training. In this page you will find the terms and definitions associated within the component areas of framework to get a better understanding of how this process works and relates to project management.
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| Term | Definition |
|---|---|
| Alternative Analysis | A technique used to evaluate project execution approaches |
| Cadence | The rhythm of activities conducted throughout the project. |
| Capacity | The amount of work that can be completed in a defined time period taking into consideration the need to perform administrative tasks, the need to perform other work, and absence |
| Cease and Desist Letter | A letter sent to a party demanding that they stop (cease) something, and not do it again (desist). |
| Checklist Analysis | An evaluation of project checklists to determine their effectiveness |
| Cycle Time | The total elapsed time to move a unit of work from the beginning to the end of the process |
| Cycle Time Chart | A diagram that displays the average cycle period of work (features, tasks) completed over time. |
| Feedback Loop | A control process within a process or system that uses cause and effect to improve the process or system |
| Flow chart | Graphic representation of logic stream for business process or software operation |
| Kaizen | The philosophy of continuous improvement |
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| Term | Definition |
|---|---|
| Last Responsible Moment | An approach to delay a decision so the team can consider multiple options to the point that cost of any longer delay outweighs the benefit. |
| Minimum Business Increment (MBI) | The smallest value that can be added to the product to benefit customers or the business. |
| Minimum Marketable Feature (MMF) | The smallest unit of functionality required for the customer to realize value |
| Minimum Viable Product (MVP) | An approach to define the initial scope of a release to customers with the fewest requirements that deliver value. |
| Negotiation | The art of reaching an agreement or resolving issues between two or more parties |
| Procurement Audits | Examinations of contracts and contract processes for legality, completeness, accuracy, and effectiveness |
| Project Work Performance Domain | The performance domain associated with identifying project processes, managing physical resources, and creating a learning environment. |
| Term Contract | A contract type where the seller delivers a set amount of service, typically measured in hours over a predefined timeframe. |
| Theory of Constraints (also called Goldratt’s Theory of Constraints) | The hypothesis that every system is negatively impacted by a small number of limitations and there is always at least one limitation; addressed by the Five Focusing Steps of determining the goal, determining the bottleneck, exploiting the bottleneck, subordinating other decisions to the bottleneck, elevating the bottleneck, and repeating the steps |
| Version Control | A system that keeps track of changes to a file, so that you can access older versions if needed. |
| Visual Data and Information | Artifacts that organize and display work data and information in a graphical format, including graphs, charts, diagrams, and matrices. |
| What-If Scenario Analysis | The process of evaluating counterfeit situations to determine their impact on the project |
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