Plan/Manual/Definitions

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Introduction

In project management, terms may be used in different ways in different programs or different companies or project types. Looking at more exhaustive project management glossaries, one will find alternative definitions for most terms.

This list defines how certain terms are used in Plan.

Terms

Account

An account is used in a Cost Breakdown Structure (CBS) to represent a place where cost from tasks or resources can be aggregated.

Allocation

Tasks are allocated to Resources during the planning stage of the project. The actual assigment is done during scheduling. Note that assignment is not guaranteed as the resource may not be available.

Assignment

Tasks are assigned to Resources during scheduling.

CBS

Cost Breakdown Structure

CPI

Is the Cost Performance Index and is equal to BCWP/ACWP. When this index is below 1, means that you are over budget. If the index is greater than 1 means that the costs are under budget.

Cost Breakdown structure

The CBS organizes accounts into a structure to enable cost to be aggregated independent of the WBS and RBS.

Estimate

The estimate is the expected amount of effort or time needed to complete a task.

Milestone

Todo

PERT

Program Evaluation and Review Technique

Program Evaluation and Review Technique

TODO

PERT Distribution

A simplified way to calculate Expected estimate from Optimistic-, Most Likely- and Pessimistic estimate.

RBS

Resource Breakdown Structure

Resource Breakdown Structure

The RBS organizes resources into resource groups.

Resource

A resource can be of type Work, Material or Team. A resource must always belong to a Resource Group.

Resource Group

A resource group is used to group similar resources.

Resource Team

A resource team is a resource that consists of a number of other resources.

SPI

Is the Schedule Performance Index and is equal to BCWP/BCWS. When this index is below 1, means that you are behind schedule. If the index is greater than 1 means that you are ahead of the schedule.

Summary Task

Todo

Task

Todo

vCard

vCard is a file format standard for electronic business cards.

WBS

Work Breakdown Structure

Work Breakdown Structure

The WBS is used to break down large projects into manageable chuncks to ease planning and management.

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