Glossary

A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. ‘accepting’ the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project’s outcome.

A set of formal requirements that a project must pass before it can be accepted by the project sponsors.

A process through which a project’s end users run through the project to identify any potential issues before it can be formally accepted.

Work that has been done but hasn’t been paid for.

The process for acquiring the resources and people needed to complete a project.

An activity that must be completed for the project to move forward.

The current status of an Action Item.

A distinct, identifiable portion of work done during the course of a project. Each ‘activity’ is the smallest unit of work that can be performed within the scope of the project.

The total length of time it takes to complete an activity from start to finish.

An alphanumeric code used to identify an activity.

A list of all the activities that make up a project. Together, these activities make up the complete scope of the project.

A network diagram that shows all the activities in a project along with their dependencies. Activity Network is also called a Network Diagram.