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Terminology	Definition
Accountable	Accountability equals Responsibility plus Authority
Activity	The work or effort needed to achieve a result.
Activity Description	A statement specifying what must be done to achieve a desired result.
Authority	The power or right to take descions.
Big Hairy Audacious Goal (BHAG)	A highly focussed, compelling goal that is seen as attainable but the means to achieve it is not yet known.
Change Order	A document that authorizes a change in some aspect of a project.
Consult	Seek an opinion.
Control	To compare progress against plan so that corrective action can be taken when a deviation occurs.
Control	The practice of monitoring progress against a plan so that corrective steps can be taken when a deviation from plan occurs.
Critical Path	The longest sequential path of activities that are absolutely essential for completion of the project.
Customer	The user of the project deliverables or product.
Decision	A choice made from among several alternatives.
Decision Analysis	Is a metodology for facilitating high quality decisions.
Deliverable	An agreed outcome.
Deviation	Any varaition from planned performance - usually in terms of schedule, cost, functionality, operability or scope of work.
Float	A measure of how much an activity can be delayed before it begins to affect the project finish date.
Gantt Chart	A bar chart that indicates the start date / time, the end date / time and the duration of each activity in a project.
Inform	Make known the outcome of decisions.
Learning	The process of gaining insights from the current process / activity or new knowledge from other processes / activities whose implementation will imporve the planned or current process or activity.
Milestone	An event of special importance, usually representing the completion of a major phase of project work.
Ongoing Operations	Repetitive work with no defined end.
Peer Review	A review of a design or plan made by a team of experts with the aim of increasing confidence in the design or plan.
Project	Work that happens one-time only and has both a clear begining and end.
Project Execution Plan (PEP)	A plan that provides a macro view of what is to be done - it summarizes the project itself.
Project Management	The planning, scheduling and controlling of those activities that must be performed to achieve project objectives.
Project Management Plan (PMP)	A plan that summarizes how the project will be managed.
Project Manager	The person who has total responsibility for ensuring that the project is completed on time, within budget, within scope and at the desired performance level.
Purpose	The reason an organization exists - besides making money!
Quality Assurance	The design and implementation of design features and procedures to ensure that specification can be verified.
RACI Chart	A matrix that defines roles in terms of who is Responsible, Accountable, Consulted, Informed.
Responsible	Performs the work.
Risk	The possibility that something can go wrong and interfere with the completion of project work.
Risk Log	An interactive log conatining a description of all identified risks, their rating and the actions planned to overcome them.
Scenario	A postulated sequence of future events.
Sponsor	The person who orders that a project be done.
Stakeholder	Any individual, group or organization that can affect, or be affected by, the project
Statement of Work (SOW)	A formally agreed list of the goals, constraints and success criteria for a project.
Strategy	the pattern of moves and approaches devised to achieve organizational objectives
SWOT analysis	Analysis of an organization's Strengths, Weaknesses, Opportunities and Threats.
Uncertainty	Something that is partially or completely unknown.
Values	Standards an organization lives by.
Variance	Any deviation from plan (cost, schedule, performance, etc).
Vision	A description of the future you wish to create.
Work Breakdown Structure (WBS)	A method of subdividing work into smaller and smaller increments to permit accurate estimates of durations, resources required and costs as well as to assign tasks.