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Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2017.

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Last updated 12-22-17

Master Glossary
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Term
Definition     Editor's Choice
Cat Source
f
See Sampling Frequency

N
HM

  
Fabrication
The making, building, construction, or assembly of parts into a whole.
Editor's Note: In other circumstances, this term also means to devise falsely! [D02756]

JN
C

 Webster
FAC
See Forecast At Completion

JN

  
Facilitating
Enabling activities to proceed or be completed through encouraging compromise and acceptance and/or by removing obstacles or otherwise making the activities easier. [D02757]

N

 RMW
Facilitator
A person who makes it easier for other people to accomplish objectives by offering advice and assistance in solving problems, either with technical issues or with other people. Project managers are sometimes referred to as facilitators. [D00659]

N

 OTOB p271-4
Facilities
Real property such as buildings, structures, plant and equipment. Amenities. [D05351]

JN
C

 SU
Facilities/Product Life Cycle
A life cycle which encompasses the project life span as well as the phases of operation and disposal. [D00661]

JN
C

 FWH
A life cycle which encompasses phases of operation and disposal, as well as, and following, the project life cycle or span. [D00660]

JN

 PMK87
Facility
In project work, this term usually refers to the constructed environment, e.g. buildings, structures, infrastructure, plant and equipment. [D02759]

JN
C

 RMW
Any building, plant, installation, structure, mine, vessel or other floating craft, location, or site of operations, owned, leased, or supervised by a Contractor or subcontractor, used in the performance of a contract or subcontract. [D03500]

JN
C

 GAT
Fact-Finding
A discovery process to fully understand the details of a proposal, event, situation or happening. [D05352]

N

 RMW
Factor
An element or influence that operates on or has an affect on a calculation, product or result. [D02760]

N

 Webster
Failure
The inability to perform. [D04092]

JN
C

 CSM
A deficiency, defect, nonperformance or non-conformance with specified requirements. [D02761]

JN
C

 RMW
An event in which any part of an item does not perform as required by its performance specification. [D02762]

JN
C

 PMDT
Lack of satisfactory performance. Inability to act within specified limits. [D05353]

N

 Webster
Failure Mode Effects Analysis ("FMEA")
A systematic identification of potential modes of failure in a system or process, and of the consequences of those failures. [D06419]

JN
MT

 Costin
Failure Modes & Effects Analysis ("FMEA")
A logical and rigorous method for identifying and prioritizing potential failures of a product or process. [D05354]

JN
MT

 RMW
Fair and Reasonable
A condition acceptable to an ordinary prudent person working under similar circumstances. [D05355]

N

 RMW
Fair and Reasonable Cost
Costs that do not exceed what an ordinary, prudent person in the conduct of competitive business would incur. [D04093]

JN
CH

 CSM
Fair Market Price
A price based on reasonable costs under normal competitive conditions and not on lowest possible cost. [D03501]

JN
CHM

 GAT
The price at which bona fide sales have been made for assets of like type, quality, and quantity in a particular market at the time of acquisition. [D05993]

N

 PMTWG
Fall Back Plan
A plan for an alternative course of action that can be adopted to overcome the consequences of a risk, should it occur (including carrying out any advance activities that may be required to render the plan practical.) [D04438]

GJN
CHM

 APM
See also Workaround. [D05646]

JN
CHM

  
Fall Back Position
Alternative or second choice. [D02316]

N

 DSMC
Fast Track
The starting or implementation of a project by overlapping activities, commonly entailing the overlapping of design and construction (or manufacturing) activities. [D00662]

J
C

 PMK87
Fast Tracking
Compressing the project schedule by doing some or all of certain activities in parallel that would normally be done in sequence (such as design and construction). [D00663]

GJN
CH

 PMK96
The process of reducing the number of sequential relationships (FS) and replacing them typically with parallel relationships (SS). [D00664]

JN
C

 WST
Reducing the duration of a project usually by overlapping phases or activities that were originally planned to be done sequentially. [D04579]

GJN
CH

 APM
BS
Fatal Flaw
A project risk event that presents a situation that simply cannot be recovered. See also Show Stopper. [D05356]

JN
CH

 RMW
Fault
Failure to perform. [D04094]

N

 CSM
Fault Tree Analysis
A top down analysis of faults organized in hierarchical format (similar to a WBS). [D06420]

N

 Costin
FBS
See Functional Breakdown Structure

N
T

  
FCA
See Functional Configuration Audit

N
T

  
FDS
See Frustrated Developer Syndrome

N

  
Feasibility
Project Feasibility has two dimensions: [D00668]

FGJN
CHMT

 PMIS
The assessment of capability of being completed: the possibility, probability and suitability of accomplishment. [D00665]

JN

 PMK87
Feasibility Budget
The authorized appropriation of funds to cover the cost of work in the feasibility phase only. [D00666]

GJ

 CCCP
Feasibility Phase
The project phase that demonstrates that the client's requirement can be achieved and identifies and evaluates the options to determine the one preferred solution. [D04580]

GJN
CH

 APM
BS
See also Development Phase [D00667]

JN
CH

  
Feasibility Report
A document that sets out all solutions considered to meet a particular set of project requirements, evaluates the ability of each to meet project objectives, gives an outline description of the recommended solution, and explains the reasons for selection. [D00669]

GJN
CH

 CCCP
Feasibility Study
An early study of a problem to assess if a solution is workable. The study will normally scope the problem, identify and explore a number of solutions and make a recommendation on what action to take. Part of the work in developing options is to calculate an outline business case for each as one aspect of comparison. [D05357]

FGJN
CHMT

 PRNC2 2002
The methods and techniques used to examine technical and cost data to determine the economic potential and the practicality of project applications. It involves the use of techniques such as the time value of money so that projects may be evaluated and compared on an equivalent basis. Interest rates, present worth factors, capitalization costs, operating costs, depreciation, etc., are all considered. [D00670]

GJN

 PMK87
A study to examine the viability of taking on a project. [D00671]

GJN
CHMT

 CPMUSC p176-8
Analysis to determine if a course of action is possible within the terms of reference of the project. [D04581]

GJN

 APM
BS
During the program definition phase, the program feasibility study is conducted to develop in further detail the business requirements and benefits analysis contained in the program brief - in order to draw up the blueprint of the future business operations - and to scope and structure implementation options. [D04981]

GJN
MT

 KSI
Feasible
Capable of being done. [D05358]

N

 SU
Feasible Project Alternatives
Reviews of available alternate procurement actions which could attain the objectives. [D00672]

JN

 PMK87
Feasible Schedule
Any schedule capable of implementation within the externally determined constraints of time and/or resource limits. [D04439]

JN
C

 APM
BS
Feature
An externally observable service provided by the system which directly fulfills a stakeholder need. [D04728]

GJN
CHT

 RUP
Definitions for page F00: 50

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