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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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Peer Review - to - Pessimistic Duration

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Term
Definition     Editor's Choice
 
Source
Peer Review
A review of your work by another with similar knowledge or experience in the same or a closely related field. [D05035]

 SU
A review of products or services, following defined procedures, by peers for the purpose of identifying deficiencies and improvements. [D05196]

 SA-CMM
Penalties
Sums to be forfeited to which the organization has agreed to be subjected in case of non-fulfillment of requirements. Typically, sums forfeited under contract for late delivery or non-performance or both. [D03131]

 RMW
Penalty Power
The ability (of a project manager) to gain support because project personnel perceive the project manager as capable of directly or indirectly dispensing penalties that they wish to avoid, i.e. the antithesis of reward power. [D02890]

 PMDT
Percent Complete
One measure of completion used to determine the remaining duration of a partially completed activity. [D01159]

 WST
An estimate, expressed as a percent, of the amount of work which has been completed on an activity or group of activities. [D01160]

 PMK96
A ratio comparison of the completion status to the current projection of total work. [D01158]

 PMK87
Percent Defective
The percent defective of any given quantity of units of product is one hundred times the number of defective units of product contained therein divided by the total number of units of product, i.e.: Percent Defective = Number of Defectives x 100 divided by Number of Units Inspected. [D01161]

 MIL-STD 105
QMPP
Percentage Complete
A percentage number representing the estimated amount of work in an activity that is finished.
Editor's Note: The implication of this percentage complete (PC) number is that the remaining work or time is represented by 100% less the PC number. In fact Percentage Complete rarely bears a firm relationship to work or time remaining and hence is a very poor measure of progress. [D03882]

 PNG
Percentage Completion
An assessment of how far along a task has progressed as a percentage of its total duration. As the assessment is very often subjective, it should not be relied upon as a firm basis for quantitative analysis of a project's progress. A better approach is the use of Earned Value Analysis. [D03603]

 PMST
Performance
The calculation of achievement used to measure and manage project quality. [D01162]

 PMK87
Performance Bond
A bond that secures performance and fulfillment of the contractors obligations under the contract. [D03542]

 GAT
Performance Control
Control of work during contract execution. [D01163]

 PMK87
Performance Evaluation
The formal system by which managers evaluate and rate the quality of subordinates' performance over a given period of time. [D01164]

 PMK87
Performance Factor
A measure of cost performance expressed as a ratio. [D01165]

 CPMUSC 176-8
Performance Goal
A motivational target set by team in terms of cost and time. [D02219]

 16
Performance Management
A disciplined approach to the improvement of performance in organizational activities. [D03132]

 RMW
Performance Measurement
See also Earned Value Analysis. [D03883]

 PNG
A method used to relate physical progress achieved to cost status. The method identifies whether cost variances are due to differences in the value of the work being performed, i.e. too expensive or under budget. From this, it is possible to assess whether a project is ahead, on or behind budget and whether the trend is likely to continue. [D03884]

 PNG
Performance Measurement Baseline ("PMB")
The time-phased budget plan against which project performance is measured. It is formed by the budgets assigned to scheduled cost accounts and the applicable indirect budgets. For future effort, not planned to the cost account level, the Performance Measurement Baseline also includes budgets assigned to higher-level CWBS elements. The PMB does not include any management or contingency reserves, which are isolated above the PMB. [D01166]

 WST
Performance Measurement System
A project planning and status system that periodically measures variances (usually cost and schedule) and requires documented corrective action to eliminate the variances that exceed predetermined thresholds. [D04171]

 CSM
Performance Measurement Techniques ("PMT")
The methods used to estimate earned value. Different methods are appropriate to different work packages, either due to the nature of the work or to the planned duration of the work package. Another term for Performance Measurement Techniques is Earned Value Methods. [D01167]

 WST
Performance Reporting
The collection of project performance information and its distribution. [D01168]

 RMW
Performance Specification
Specification of required output or function. [D01169]

 NPMT
Performance Standards
A baseline level of achievement. Commonly defined in the literature as "A standard indicates performance is satisfactory when (etc.)" Meeting a standard performance is the basic requirement for maintaining a position. Extra rewards should be bestowed only when the standard is exceeded. [D01170]

 TML 215
Performing
A team building stage where the emphasis is on the work currently being performed. [D01171]

 WST
The fourth stage of Team Building where the emphasis is on the work at hand. [D03885]

 PNG
Performing Organization
The organizational unit responsible for the performance and management of resources to accomplish a task. [D01172]

 WST
Period
The completion of a cycle, a series of events, or a single action.
Editor's Note: Also a broad term that may be applied collectively to several parts of the project life cycle. [D03133]

 Webster
Period of Performance
The time interval of contract performance that includes the effort required to achieve all significant contractual schedule milestones. [D01173]

 WST
Periodic Review
Any kind of project review conducted on a periodic basis, most commonly a monthly project review. [D01174]

 SPM 304-9
Periodical
Something that occurs or recurs at regular or intermittent intervals. [D03134]

 RMW
Perpetual
Something that occurs continually, e.g. management activities throughout the project life cycle. [D03135]

 RMW
Personal Recognition
The public acknowledgment of an individual's performance on the project. [D01175]

 PMK87
Personal Rewards
Providing an individual with psychological or monetary benefits in return for his or her performance. [D01176]

 PMK87
Personalities
Relationships between people, often in a disparaging context. [D03136]

 RMW
Personality Types
A way of differentiating between people based on their characteristics, culture, attitudes, aptitudes, capabilities, skills, etc. [D03137]

 RMW
Personnel
A body of people, those usually employed in an organization or on a team as workers or staff, etc. [D03138]

 RMW
Personnel Development
The education and training of employees, typically the responsibility of the personnel department. [D03139]

 RMW
Personnel Management
An activity encompassing: [D03451]

 CRMP
The management of an organization's employee affairs, typically the responsibility of the personnel department. [D03140]

 RMW
Personnel Training
The development of specific job skills and techniques required by the individual to become more productive. [D01177]

 PMK87
PERT
See Program Evaluation and Review Technique

  
PERT Analysis
A process by which you evaluate a probable outcome based on three scenarios:
  1. Best-case
  2. Expected-case, and
  3. Worst-case.
The outcome in question may be a duration of a task, its start date, or its finish date. [D01180]

 MSP98
PERT Chart
A flowchart that shows all tasks and task dependencies. Tasks are represented by boxes and task dependencies are represented by lines connecting the boxes. [D01181]

 MSP98
See Project Network Diagram. [D01182]

  
PERT Cost
A cost approach in which costs and time are estimated for each task so that the cost of making schedule changes can be evaluated. See also Program Evaluation and Review Technique. [D03081]

 CCCP
Perturbation
Any confusion, disorder or mistake that signals a "problem". [D03667]

 DSMC
Per-use Cost
A cost that is incurred all at once when a resource is used, such as equipment rental. [D01183]

 MSP98
Pessimistic Duration
The longest duration in the three duration estimating technique. [D01184]

 WST
Definitions for page P01: 50


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