Often referred to as the acronym CRE, this is the OPEX spending after Gate 1 approval.
What is Capital Related Expense?
100
Your definition of this might be longer....but when a business sponsor declares that the software and hardware associated with the project will be used longer than one year, its referred to as this
What is a permanent solution?
100
This is the single point of reference for your project…..numeric, not alpha
What is the PEATS number?
100
Keep on clicking….this is the lowest level of spending detail in PEATS.
What is Cost Element?
100
For most of us, he is our leader
Who is Mike Redding?
200
This is a living document completed at each gate
What is the Classification Workbook?
200
The third of the 3 steps to close a project, it comes after SAP and TECO.
What is declare your project in service in PEATS?
200
You can't dodge this one….the project status when projects are fist set up in PEATS.
What is draft?
200
Ye best have ye numbers right when this forecast is updated 3 to 4 times a year
What is YEE or Year End Expectancy?
200
If you were paying attention, you know that Dave Rose went here on his last vacation
What is Tazmania?
300
This is the acronym given to projects that carry over from 1 year to the next
What is WIP?
300
Hmmm, "interest"ing….this is the average annual borrowing cost rate for projects that breach.
What is 4%?
300
It's that time of year again….it's also, the project status when projects are being seen by Finance for governance for the first time.
What is 'Under Review'?
300
This is the most common type of adjustment you will see in PEATS
What is AI or Adaptive Infrastructure?
300
This is probably the best SharePoint site you will ever use
What is the PMO SharePoint site?
400
For IT projects, this important agreement must be updated at every gate
What is the Project Contract?
400
If your project is going to breach, borrowing interest will be charged on this particular day of the month. Be sure to have your request in by the previous Wednesday!
What is the 3rd Saturday?
400
This is the project status when projects have funding approved for gate 1.
What is 'Conditional Funding Released'?
400
You can't change the past....Actuals will replace this with every month that goes by.
What is the forecast?
400
This is the number of Info Sessions we've held, excluding today.
What is 5?
500
From the latin 'dominium', this drives the governance process your project follows for funding approval
What is project ownership?
500
The format used to email confirmation that your project is in service, permanent and test or bug free…Sharon and I will tell you to fill this out
What is the template?
500
This is the project status when projects have funding approved for gate 2.
What is 'Conditional Funding Released'?
500
Oops, the money ran out. If you need more funding after gate 3 (full funding) you need to complete of these.