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

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File: PMG_K00.htm generated 12/19/2002 9:25:42 AM
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Key - to - KSI

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Term
Definition     Editor's Choice
 
Source
Key
In project management, typically means an item that is a deciding factor, i.e. is critical, instrumental or central to arriving at some determination. [D02913]

 Webster
Key Event Schedule
A schedule comprised of key events or milestones. These events are generally critical accomplishments planned at time intervals throughout the project and used as a basis to monitor overall project performance. The format may be either network or bar chart and may contain minimal detail at a highly summarized level. This is often referred to as a milestone schedule. [D00883]

 PMK87
See Master Schedule. [D00884]

  
Key Events
Major events the achievement of which that are deemed to be critical to the execution of the project. [D04456]

 APM
Key Performance
Performance that is critical to the project. See Key Performance Indicators. [D02914]

 RMW
Key Performance Indicators ("KPI")
Those project management indicators that: And at completion of the project these KPIs:
  • will be the most relevant measures to confirm the acceptability of the project and its product by the project's stakeholders as being "successful"
  • can be measured in some way, at some time, on some scale.
[D03442]

 CRMP
Measurable indicators that will be used to report progress that is chosen to reflect the critical success factors of the project.
[D00885]

 WST
Measurable indicators, chosen to reflect the critical success factors of the project, which are used to report on progress. [D03864]

 PNG
Key Personnel
People who are critical to the project organization. [D02915]

 RMW
Those persons assigned by name to a project who cannot be replaced without approval of the buyer. [D04126]

 CSM
Key Success Indicators ("KSI")
Those product indicators that:
  • are determined at the beginning of the project
  • reflect directly on the key attributes of the product in terms of its ability to deliver the intended benefits
  • are listed in order of priority, and
  • provide the basis for project management and/or trade-off decisions during the course of the project
And, after completion of the project: [D00886]

 RMW
Kickback
Any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided, directly or indirectly, to any individual or contractor for the purpose of improperly obtaining or for rewarding favorable treatment typically in connection with some form of contract. [D03521]

 GAT
Kick-Off
See Initiation. [D02916]

  
Kick-Off Meeting
Ideally, a workshop type meeting in which the principle stakeholders and participants in the project are briefed on the goals and objectives of the project, how it will be organized, etc. and who are then able to contribute to its planning, assignment of responsibilities, target dates, etc. [D02917]

 RMW
A meeting of representatives of all groups involved in the project execution, to come to a common understanding of the project responsibilities, scope of work and safety program. [D05013]

 SCL
Knowledge
The fact or condition of knowing something with familiarity gained through experience or association. For example: the sum of what is known such as the tools and techniques of effective project management. [D02918]

 RMW
Knowledge Base
The sum of knowledge that is basic to the given circumstances, e.g. the organization's estimating database, or anecdotal records of risk events on past projects, etc. [D02919]

 RMW
Knowledge Management
The acquisition, management and distribution of relevant information to the parties who need to know.. [D02920]

 RMW
Known, Known-unknown, Unknown-unknown
A method of classifying risks according to the amount of information available. [D00887]

 RMH
Known-Unknown
See Known, Known-Unknown, Unknown-Unknown method. [D00888]

  
KPI
See Key Performance Indicators

  
KSI
See Key Success Indicators

  
Definitions for page K00: 22


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