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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
Predecessor Task   - to -   Prioritization
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Term
Definition     Editor's Choice
Cat Source
Predecessor Task
A task that must start or finish before another task can start or finish. [D01241]

N

 MSP98
Predecessor Work Item
A work item that directly precedes one or more work items in the logic sequence of a precedence network. [D01242]

N

 CCCP
Preferred Alternative
The solution, amongst several, to an opportunity, need, or problem before or after project launch that is most likely to be successful. [D03149]

N

 RMW
Preliminary
Something that precedes or is introductory or preparatory. Coming before and usually forming a necessary prelude to something else. [D03150]

N

 Webster
Preliminary Design
The portion of the development process where systems are subdivided into elements of the system and the concepts, behavior, performance, interactions and interfaces of the elements are specified. [D05413]

JN

 MFC
The design prepared in the planning stage of a project and submitted as part of the project brief. The drawings and specifications that comprise the Preliminary Design should be clearly specified as a matter of policy and provide the basis for the Appropriation estimate. [D01243]

N

 CCCP
Preliminary Design Documentation
"Design-to" specifications, verification plan, concept drawings, analyses, flow diagrams, data sheets, pictorials, schematics, etc. that convey the technical and operational requirements of the system or entity of the system. [D04178]

J

 CSM
Preliminary Design Review
A series of control gates at which the Buyer reviews and approves the Provider's proposed Design-to baseline as evidenced by lower level performance specifications and associated test plans and authorizes the Provider to proceed with detail design. All hardware, software, handling equipment, test equipment, and tooling should be sequentially reviewed in the descending order of system to assembly. [D01244]

J

 VPM p291-4
Preliminary Economic Criteria
The early determination of economic conditions established as a prerequisite to the approval of a project, usually one of several alternatives. [D03151]

J

 RMW
Preliminary Estimate
See Estimate Class B [D02223]

GJN
CHM

 016
Preliminary Project Definition ("PPD")
The documentation of the pre-feasibility investigation of the project concept during the project discovery phase. It is used to request funding authorization by the sponsor for resources to fully elaborate project concept in the next phase of project delivery, termed project definition. [D06473]

GJN
CHM

 Costin
Preliminary Technical Criteria
The early determination of technical criteria established for purposes of project design development, often as part of a feasibility study. [D03152]

JN

 RMW
Premature Termination
A situation in which a decision is made to end a project before its objectives have been met. Many reasons may exist, but generally because either the project cannot be completed within reasonable time and cost ranges, or the end product or service of the project is not longer needed.
Editor's Note: The Project Manager must ensure that work in progress is not simply abandoned, but that the project salvages any value created to date, and checks that any gaps left by the cancellation of the project are raised to program or corporate management levels. [D06108]

N
CHM

 PMTWG
Prequalification
An assessment of capabilities, current capacity, etc. as an initial part of a selection process. Used to narrow the number of bidders when inviting tenders for contract work and thereby reduce the amount of work for both those bidders unlikely to be successful on these grounds as well as the amount of work in reviewing the submissions and making a final selection for award. [D03153]

GJN
CHM

 RMW
Prescribe
To direct specified action. To prescribe implies that action must be carried out in a specified fashion. [D01245]

N

 PMK87
Prescriptive
Laid down as a guide, direction, or rule of action; specified. Usually implies instructions that are given step by step in some detail and that are to be followed without questioning, i.e. what is to be done, rather than how it is to be done, i.e. Descriptive. [D03154]

N

 RMW
Present Value
The calculation in current dollars of a regular stream of payments or income over a given period by adjusting for some value of annual interest or inflation. [D03155]

FGJN

 RMW
The relative worth of a benefit received or cost expended at a specified time in the future when the applicable discount rate is considered. [D03545]

N

 GAT
The value now of a future payment, after discounting it by a suitable discount rate to recognize that it is worth less than a payment of the same amount made now. [D05041]

N

 RAMP
The value in current monetary units of work to be performed in the future. Determined by discounting the future price of the work by a rate commensurate with the interest rate of the funds for the period before payment is required. [D06109]

N

 PMTWG
Presentation
A descriptive or persuasive account, typically for purposes of obtaining approval or acceptance for some offer, position or requirement. [D03156]

FGJ

 RMW
Presentation Format
The manner, sequence, conditions or layout, etc. under which a presentation is to be made. [D03157]

JN

 RMW
Presentation Software
Computer software programs that may be used for creating, animating, and projecting a presentation using appropriate equipment. [D03158]

JN

 RMW
Presentation Speaking
A particular art of oral presentation that is effective and persuasive and may be learned. There are different styles and speakers generally select the style most suited to their personality. [D03159]

FGJN

 RMW
Pressure Groups
Groups of people that are active, often politically, that have power to influence the course of a project, and do so if they are impacted by it. See also Constituents, and Public Relations. [D03160]

FGJN
CHMT

 RMW
Pretty Good Privacy ("PGP")
A class of software that provides security of information in storage or during transmission. [D04866]

N
CHM

 RUP
Preventive Action
An activity designed to reduce the probability and impact of negative consequences arising from project risks. [D06352]

GJN
CHMT

 RMW
Preventive Maintenance
All actions performed in an attempt to retain an item in specified condition by providing systematic inspection, detection, and prevention of incipient failures. [D03672]

JN
CHMT

 MIL-STD 1388-1A
Price
Either
  1. Cost plus any fee or profit applicable to the contract type, or
  2. The amount paid for a supply or service.
[D03546]

J
CHMT

 GAT
The quantity of one thing that is exchanged or demanded in barter or sale for another. The amount of money given or set as consideration for the sale of a specified thing. The cost at which something is obtained. [D03162]

J
CHMT

 Webster
Price Analysis
A comparison of the details of the makeup of competing bids for purposes of comparing the bottom-line price. [D05814]

J

 RMW
Price Variance ("PV")
The difference between the budgeted costs for a purchased item and the actual costs. [D04650]

JN

 QWF
Pricing
The process of establishing a reasonable amount or amounts to be paid for supplies or services. [D03547]

JN

 GAT
The setting of, or finding out about, prices for goods, services, contract work, etc. [D03161]

JN

 RMW
Pricing Data Index
See Cost Index. [D03484]

JN
CHMT

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

N

 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]

GJN
CHMT

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

JN

 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]

FGJN
CHMT

 RMW
Prime Contractor
The organization that enters into contracts with the highest-level buyer. [D05414]

N

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

J

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

FGJN
CHMT

 SA-CMM
PRINCE2
A process-based method for effective project management that supports some selected areas of project management application. The acronym stands for PRojects IN Controlled Environments.
Editor's Note: PRINCE2 is a de facto standard used extensively by the UK government and is widely recognized and used in the private sector, both in the UK and internationally. [D05415]

GJN

 PRNC2 2002
PRINCE2 Project
A project whose product(s) can be defined at its start sufficiently precisely so as to be measurable against predefined metrics and that is managed according to the PRINCE2 method. [D05416]

GJN

 PRNC2 2002
Principal
The most important, consequential, or influential. A person who has controlling authority or is in a leading position to do so.. [D03165]

N

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

FGJN

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

GJN

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

N

 PMK87
Prioritization
In project portfolio management, the process of ranking the selected components based on their evaluation scores and other management considerations. [D06110]

FGN

 PPM
See also Ranking. [D06111]

N

  
Definitions for page P06: 50

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