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.
Sign Up for a daily free Tip of The Day!
|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|
Crosswind’s 35 Contact Hour PMP Exam Prep Course Bundle offers the best PMP certification training. This 4 day course is taught by author Tony Johnson will help you pass the PMP Exam the first time via the Crosswind Way!
|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|
Crosswind 2022 PMP Exam Bootcamp Manual
The PMP Exam Bootcamp Manual provides a foundation for the PMP Exam. This manual comes with a complete 200 question exam simulation application and 50/100 question ITTO exams created with over 1,400 ITTO questions in the data base.