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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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Pricing Data Index - to - Process

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Term
Definition     Editor's Choice
 
Source
Pricing Data Index
See Cost Index. [D03484]

  
Pricing, forward
Estimation and agreement of the cost of work prior to any work being performed. [D05042]

 PDG
Pricing, retrospective
Pricing of work after some or all of the work has been performed. The actual cost of work performed is often used to arrive at the price. Also referred to as force account or time and materials pricing. [D05043]

 PDG
Primary Technology
The main or basic technology on which the main part of a project is based. [D03163]

 RMW
Primary Technology of the Organization
The core technology for which the enterprise is noted, and on which it presumably relies for its main source of activities, revenue, profit, etc. [D03164]

 RMW
Prime Contractor
The principle (or only) Contractor performing a Contract for an Owner. [D03673]

 RMW
An individual, partnership, corporation, or association that administers a subcontract to design, develop, and/or manufacture one or more products. [D05198]

 SA-CMM
Principal
The most important, consequential, or influential. A person who has controlling authority or is in a leading position. [D03165]

 Webster
Principle
A comprehensive and fundamental law, doctrine, or assumption. A rule or code of conduct. [D03166]

 Webster
A fundamental truth or general law used as a basis for reasoning and action. [D04330]

 MEMOPT
Priorities
The imposed sequences desired with respect to the scheduling of activities within previously imposed constraints. [D01246]

 PMK87
Priority
Something given or meriting attention before competing alternatives. [D03167]

 Webster
Priority Ranking
Items assembled in order according to their relative priority. [D03168]

 RMW
Priority Rule
A rule used to determine the order of processing in resource scheduling algorithms. [D01247]

 WST
Privity of Contract
A legal concept that refers to the relationship between all parties in a contract. In subcontracting, the prime buyer has no contractual relationship with subcontractors.
Editor's Note: True that a buyer's contract has no direct relationship with a seller's subcontractor, but the buyer's contract can include clauses that requires the contractor to bind its subcontractors to the same terms and conditions. [D04180]

 CSM
Pro forma
A foreign term literally meaning "For the sake of change". However, the term is usually used in project management to mean a standard way of working out some kind of financial calculation such as a project financial cost/benefit or investment return calculation. [D02642]

 RMW
Projected or anticipated, usually applied to financial data such as balance sheets and income statements. [D01248]

 OTOB 271-4
Proactive
Acting in anticipation of future problems, needs, or changes. [D03169]

 Webster
Proactive Management
Taking actions to ensure future events will happen as planned. Examples include expeditors and long lead procurement. [D04181]

 CSM
Probabilistic Dependencies
Dependencies between activities that indicate alternative sequences of logic that have probabilities attached to them. [D03890]

 PNG
Probabilistic Network
Network containing alternative paths with which probabilities are associated. [D04588]

 APM
BS
Probabilistic Networks
Networks which comprise probabilistic rather than deterministic relationships between activities. [D03891]

 PNG
Probability
The likelihood of occurrence. The ratio of the number of chances by which an event may happen (or not happen) to the sum of the chances of both happening and not happening. [D01250]

 RMH
Likelihood of a risk occurring. [D01249]

 WST
Usually used in the context of project risk as a measure of the likelihood of a risk occurring. [D03892]

 PNG
The likelihood or degree of certainty of a particular occurrence taking place during a specified time period. Independent probabilities relate to events which do not depend on other events which have occurred previously. Dependent probabilities are the probabilities of occurrence once previous specified events have occurred. [D05044]

 RAMP
Probability Assessment
Part of project risk management in which estimates are made of the relative probabilities of identified risk events. [D03170]

 RMW
Probability Distribution
A distribution which relates a range of particular outcomes to their likelihood. The most common probability distribution is the normal distribution which is shaped like the cross-section of a bell. [D05045]

 RAMP
Probability of Acceptance
That percentage of inspection lots expected to be accepted when the lots are subjected to a specific sampling plan. [D01251]

 MIL-STD 109A
QMPP
Probability of Occurrence
The likelihood of something happening. One of three factors in the determination of project risk quantification, namely: Risk Event; Risk Probability; and Amount at Stake. [D03171]

 RMW
Problem
A question raised for inquiry, consideration, or solution. An intricate unsettled issue which is a source of perplexity, distress, or vexation, and that may be difficult to understand or accept. [D03173]

 Webster
Problem Analysis Report ("PAR")
A report made by the responsible manager to explain a significant cost or schedule variance, its probable impact on the project, and the corrective actions to be taken to resolve the problem(s). [D04651]

 QWF
Problem Resolution
The interaction between the project manager and an individual team member with the goal of finding a solution to a technical or personal problem that affects project accomplishment. [D01252]

 PMK87
Problem Solving
A systematic process for arriving at a solution. [D03174]

 RMW
Finding ways to overcome or get around obstacles to progress. [D02326]

 PPS&C p43
Problem Solving, in negotiating
Efforts to find agreements that are highly beneficial to both parties. [D02733]

 PMH p343
Problem Statement
A definition of the problem to be solved by completing the project. [D03736]

 RMW
Problem/Need Statement/Goal
Documentation to define the problem; to document the need to find a solution: and to document the overall aim of the sponsor. [D01253]

 PMK87
Problems Early Warning System
Some device, process, system or informal personal contacts (e.g. the "grape vine") for alerting the project's management to the possibility of adverse events. [D03175]

 RMW
Procedure
A prescribed method for performing specified work. [D01255]

 PMK87
A particular course or method of action. [D01254]

 NPMT
A set of prescribed steps for accomplishing a specific activity or task. [D01256]

 RMW
A particular way of accomplishing something. A series of steps followed in a regular and definite order. A traditional or established way of doing things. [D03177]

 Webster
Procedures Manual
A book of reference describing standard project procedures. [D03176]

 RMW
Process
The set of activities required to achieve an output. [D01261]

 RMH
A series of actions, changes, or functions bringing about a result. [D01257]

 VPM 19
A set of interrelated work activities in which value is added to the inputs to provide specific outputs. [D01258]

 WST
An orderly and progressive sequence of activities that may be represented by a network and that, on completion, results in the creation of a product. [D01259]

 CCCP
The combination of people, equipment, materials, methods, and environment that produce an output, i.e. a given product or service [D01260]

 DSMC
A preferred and controlled method of repetitively and reliably doing something, generally involving sequential steps, techniques and tools. [D04182]

 CSM
Either
  1. A thread of control that can logically execute concurrently with other processes, specifically an operating system process, or
  2. A set of partially ordered steps intended to reach a goal. In software engineering the goal is to build a software product or to enhance an existing one. In process engineering, the goal is to develop or enhance a process model. Process corresponds to a business use case in business engineering.
[D04867]

 RUP
A set of activities performed for a given purpose. [D05199]

 SA-CMM
Definitions for page P05: 52


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