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PM Milestone Project Management Templates

PM Milestone 7000 Business Templates

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Path Convergence. The merging or joining of parallel schedule network paths into the same node in a project schedule network diagram. Path convergence is characterized by a schedule activity with more than one predecessor activity.

Path Divergence. Extending or generating parallel schedule network paths from the same node in a project schedule network diagram. Path divergence is characterized by a schedule activity with more than one successor activity.

Percent Complete. An estimate, expressed as a percent, of the amount of work that has been completed on an activity or a work breakdown structure component.

Perform Integrated Change Control [Process]. The process of reviewing all change requests, approving changes, and managing changes to the deliverables, organizational process assets, project documents, and project management plan.

Performance Measurement Baseline. An approved integrated scope-schedule-cost plan for the project work against which project execution is compared to measure and manage performance. Technical and quality parameters may also be included.

Performance Reports [Output/Input]. Documents and presentations that provide organized and summarized work performance information, earned value management parameters and calculations, and analyses of project work progress and status.

Performing Organization. The enterprise whose personnel are most directly involved in doing the work of the project.

Perform Qualitative Analysis [Process]. The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

Perform Quality Assurance [Process]. The process of auditing the quality requirements and the results from quality control measurements to ensure appropriate quality standards and operational definitions are used.

Perform Quality Control [Process]. The process of monitoring and recording results of executing the quality activities to assess performance and recommend necessary changes.

Perform Quantitative Analysis [Process]. The process of numerically analyzing the effect of identified risks on overall project objectives.

Phase. See project phase.

Plan Communications [Process]. The process of determining project stakeholder information needs and defining a communication approach.

Plan Procurements [Process]. The process of documenting project purchasing decisions, specifying the approach, and identifying potential sellers.

Plan Quality [Process]. The process of identifying quality requirements and/or standards for the project and product, and documenting how the project will demonstrate compliance.

Plan Risk Management [Process]. The process of defining how to conduct risk management activities for a project.

Plan Risk Responses [Process]. The process of developing options and actions to enhance opportunities and to reduce threats to project objectives.

Planned Value (PV). The authorized budget assigned to the scheduled work to be accomplished for a schedule activity or work breakdown structure component. Also referred to as the budgeted cost of work schedded (BCWS).

Planning Package. A work breakdown structure component below the control account with known work content but without detailed schedule activities. See also control account.

Planning Processes [Process Group]. Those processes performed to establish the total scope of the effort,

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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