Project Management Glossary of Terms

Acceptance : The formal process of accepting delivery of a product or  deliverable.  
Acceptance Criteria : Performance requirements and essential conditions that  have to be achieved before project deliverables are  accepted.  

Accountability : The obligation to report on one’s actions.  

Activity : Actions taken or work performed through which inputs,  such as funds, technical assistance and other types of  resources are mobilized to produce specific outputs.  

Activity Duration Activity duration specifies the length of time (hours, days,  weeks, months) that it takes to complete an activity. This  

information is optional in the data entry of an activity.  

Actual Dates Actual dates are entered as the project progresses. These  are the dates that activities really started and finished as  

opposed to planned or projected dates.  

Actuals The cost or effort incurred in the performance of tasks.  Also, the dates tasks have been started or completed and  

the dates milestones have been reached.  

Alternatives A number of different solutions and approaches that must  be evaluated and chosen to attain the objectives of a  project.  

Analogous Estimating Estimating using similar projects or activities as a basis for  determining the effort, cost and/or duration of a current  

one. Usually used in Top-down Estimating.  

Approach Statement A high-level description of how the project will accomplish  its goals and objectives.  

Assumption Something taken as true without proof. In planning,  assumptions regarding staffing, complexity, learning curves  

and many other factors are made to create plan scenarios.  These provide the basis for estimating. Remember,  assumptions are not facts. Make alternative assumptions to 

Leave a Comment

Your email address will not be published. Required fields are marked *