Wideman Comparative Glossary of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March 2002.

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Business Actor - to - Bypassing

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Definition     Editor's Choice
Business Actor
Someone or something, outside the business that interacts with the business. [D04807]

Business Appraisal
The formal evaluation of the activities of an enterprise in terms of appropriateness, cost-effectiveness, efficiency, etc. [D02432]

Business Area
The part of the organization containing the business operations affected by a Program . [D03804]

A general term used to refer to that part of an organization containing the business operations affected by a program. Business areas may or may not coincide with current organizational units. A business area may cover all the operations of a small organization, but in a larger organization it may be preferable to identify and manage change in several business areas separately. [D04932]

Business Assurance
Verification that actual costs and elapsed time is in line with plan costs and schedule times and that the business case remains viable. [D00191]

The responsibility of planning, monitoring and reporting on a project's co-ordination business assurance aspects e.g. costs, elapsed time and business case viability, and carried out by the Business Assurance Coordinator (BAC), within the Project Assurance Team (PAT) of a PRINCE project. [D04933]

Business Assurance Coordinator
A person in the project assurance team who is responsible for planning, monitoring and reporting on all business assurance aspects of a project. [D00192]

Business Case
A document developed towards the end of Phase 1 - Concept, to establish the merits and desirability of the project and justification for further project definition (Project Phase 2). [D00193]

A document used to justify the commitment of resources to a project. [D00194]

A document that defines why the project is required and what the change is to be.
Note 1: It should include an outline of the project's objectives, deliverables, time, cost, technical, safety, quality and other performance requirements, and the major project risks and upside opportunities. It might also include information on the competitive impact, resource requirements, organizational impacts, key performance indicators and critical success factors of the project and its outcome.
Note 2: The Business Case should be "owned" by the project's sponsor, the person responsible for defining and developing the project against the business case. [D03428]

A document which provides justification for the commitment of resources to a Project or Program . [D03805]

Information necessary to enable approval, authorization and policy making bodies to assess a project proposal and reach a reasoned decision. [D04573]

The section of the program definition statement which provides the justification for the commitment of resources to a program. The business case should demonstrate that the most cost-effective combination of projects has been selected when compared with costed alternatives. It also provides the wider context and justification for infrastructure investment and costs of implementing policies and standards. [D04934]

Business Change Manager ("BCM")
A role in the Program Executive. The BCM is responsible for maximizing the improvement to business operations through benefits management, for drawing up the program's business case, for transition planning and the management of change, and for the management of risk. [D04935]

Business Creation
To perform business engineering where the goal is to create a new business process, a new line of business or a new organization. [D04692]

Business Engineering
A set of techniques a company uses to design its business according to specific goals. Business engineering techniques can be used for both business reengineering, business improvement, and business creation. [D04693]

Business Imperative
A document that articulates the business reasons for the project, including tangible and intangible benefits. [D02237]

Business Improvement
To perform business engineering where the work of change is local and does not span the entire business. It involves trimming costs and lead times and monitoring service and quality. [D04694]

Business Manager
The person responsible for managing the project's business functions such as contracting, subcontracting, planning, scheduling, budgeting, data management, human resources, legal, etc. [D04012]

Business Modeling
Encompasses all modeling techniques you can use to visually model a business. These are a subset of the techniques you may use to perform business engineering. [D04695]

Business Needs
The requirements of an enterprise to meet its goals and objectives. [D02433]

Business Objectives
The mission or goals of an enterprise described at the next level of detail. [D02434]

Business Operations
Groupings of one or more business processes which combine to achieve a primary goal of the organization (for security benefit). [D04936]

Business Process
A group of logically related activities that use the resources of the organization to provide defined results in support of the organization's objectives. In the Rational Unified Process, we define business processes using business use cases, which show the expected behavior of the business, and business use-case realizations, which show how that behavior is realized by business workers and business entities. See also process. [D04696]

Business Process Engineering
See business engineering. [D04697]

Business Process Reengineering ("BPR")
A methodology and approach by which the business process of an organization is analyzed and its functionality improved, generally for greater efficiency, consistency, competitiveness, and/or profitability. [D04937]

To perform business engineering where the work of change includes taking a comprehensive view of the entire existing business and think through why you do what you do. You question all existing business processes and try to find completely new ways of reconstructing them to achieve radical improvements. Other names for this are business process reengineering (BPR) and process innovation. [D04698]

Business Processes
The systematic activities by which an enterprise conducts its affairs. [D02435]

Business Risk
The inherent chances for both profit or loss associated with a particular endeavor. [D00195]

Business Rule
A declaration of policy or condition that must be satisfied within the business. [D04808]

Business Transition Plan
See Transition Plan. [D04938]

Business Unit
Any segment of an organization, or an entire business organization, which is not divided into further segments. [D03463]

The procuring organization. For an internal project the buyer could be the marketing department. [D04013]

Buyer's Market
A market that favors the buyer. [D03265]

  1. The result of reaching consensus, or
  2. The process of making a cost bid in a proposal that is unduly optimistic or even actually less than the estimated costs for the project, which is done for the purpose of winning the job.

 SPM 304-9
  1. The attachment of different meanings to the same message, or
  2. Skipping or going around the chain of command in an organizational structure.

Definitions for page B04: 36

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