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Criteria that include performance requirements and essential conditions which must be met before project deliverables are accepted
What are acceptance criteria?
The expectations of project stakeholders on project outcomes
What are customer requirements?
The quantifiable goods or services that must be provided upon the completion of the project
What are deliverables?
The scheduled fixed date on which a given project is planned to be accomplished
What is the due date?
The factors and sub-factors used by a customer or sponsor to evaluate/support project selection or evaluate proposals from competing contractors
What are evaluation criteria?
Document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply resources to project activities
What is a project charter?
Noteworthy steps needed to complete a project. They must be measurable and contain key performance indicators to assess the project's overall success
What are project objectives?
Process to assess each project idea and select the project with the highest priority
What is project selection?
Project funding announcement posted by an organization for which companies place bids
What is a request for proposal?
The dates and/or times by which the customer or sponsor wants the project and key milestones accomplished
What is the required schedule?
A formal document that defines the entire scope of the work involved for a vendor and clarifies deliverables, costs, and timeline
What is a statement of work?
Clearly defined starting point for a project plan. A fixed reference point to measure and compare the project's progress against
What is a baseline plan?
Person or organization that defines the requirements of the project and often sets parameters such as budget and deadlines
What is the customer or sponsor?
Series of tasks (or set of inputs and outputs) required to reach a specific outcome or goal
What is a project?
The application of knowledge, skills, tools and techniques to project activities to meet the project requirements
What is project management?
The individual who the sponsor designates to act on behalf of the project sponsor
What is the sponsor designee?
List of target dates or times for achievement of key events in a project timetable
What is a milestone schedule?
The step in the project selection process in which data and information are gathered for each project
What is the 3rd step?
Outcomes or expected quantitative benefits that will result from implementation of the project
What are success criteria or expected benefits?
The total amount of money the sponsor authorizes for the project
What is funding?
The frequency and context of project status reports and reviews
What are reporting requirements?
The step in the project selection process in which a set of criteria is developed against which the project will be evaluated
What is the first step?
The step in the project selection process in which assumptions that will be used as the basis for each project are listed
What is the second step?
Risks that the sponsor thinks has a high likelihood of occurrence or a high degree of potential impact that could affect the successful accomplishment of the project objective
What are major risks?
The step in the project selection process in which each project is evaluated against the criteria
What is the 4th step?