project Management-5
Terms
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- Action Plan
- the set of activities, their schedules, and the resources needed to complete the project.
- Earned Values
- A measure of project progress, frequently related to the planned cost of tasks accomplished.
- Value Engineering
- An approach that examines each element of a product or system to determine if there is a better or cheaper way of achieving the same function.
- Engineering Change Orders
- Product improvements that engineering has designed after the initial product design was released.
- Gozinto Chart
- A pictorial representation of a product that shows how the elements required to build a product fit together.
- Deliverables
- The physical items to be delivered from a project. This typically includes reports and plans as well as physical objects.
- Systems Engineering
- The engineering tasks involved in the complete system concerning the project and the intergration of all the subsystems into the overall system.
- Effectiveness
- Achieving the objectives set beforehand; to be distinguished from e.fficiency, which is measured by the output realized for the input used
- Project Plan
- The nominal plan to which deviations will be compared.
- Interface Management
- managing the problems that tend to occur between departments and disciplines, rather than within individual departments.
- Bill of Materials
- The set of physical elements required to build a product.
- Material Requirements Planning (MRP)
- A planning and material ordering approach based on the known or forecast final demand requirements, lead times for each fabricated or purchased item, and existing inventories of all items.
- Hierarchical Planning
- A planning approach that breaks the planning task down into the activities that must be done at each managerial level. Typically, the upper level sets the objectives for the next lower level.
- Control Chart
- A graph showing how a statistic is changing over time compared to its average and selected control limits.
- Work statement
- A description of a task that defines all the work required to accomplish it, including inputs and desired outputs.