project+good

PM : Project Manager

Responsible for planning, executing, monitoring, and closing projects

PMO : Project Management Office

Standardizes project management processes and governance

SME : Subject Matter Expert

Individual with specialized knowledge in a particular area

SOW : Statement of Work

Defines the work, deliverables, scope, and expectations of a project

TOR : Terms of Reference

Defines roles, responsibilities, authority, and governance

WBS : Work Breakdown Structure

Hierarchical breakdown of project work into manageable components

RACI : Responsibility Assignment Matrix

Defines Responsible, Accountable, Consulted, and Informed roles

RAM : Responsibility Assignment Matrix

Another term for a RACI chart

R : Responsible

Performs the work

A : Accountable

Owns the outcome and final approval

C : Consulted

Provides input before decisions are made

I : Informed

Receives updates after decisions are made

CCB : Change Control Board

Reviews and approves or rejects change requests

CR : Change Request

Formal request to modify project scope, schedule, cost, or deliverables

QA : Quality Assurance

Process-focused activities that prevent defects

QC : Quality Control

Product-focused activities that identify defects

UAT : User Acceptance Testing

End users verify that requirements have been met

RCA : Root Cause Analysis

Technique used to determine the underlying cause of a problem

FMEA : Failure Modes and Effects Analysis

Identifies potential failures and prioritizes risks

RPN : Risk Priority Number

Risk score used in FMEA (Severity × Occurrence × Detection)

KPI : Key Performance Indicator

Metric used to measure performance

SLA : Service Level Agreement

Defines expected service levels and performance standards

MVP : Minimum Viable Product

Smallest functional version of a product that provides value

CPM : Critical Path Method

Scheduling technique used to identify the longest path of dependent tasks

PERT : Program Evaluation and Review Technique

Scheduling method using optimistic, pessimistic, and most likely estimates

ROI : Return on Investment

Measures project financial benefit versus cost

EVM : Earned Value Management

Method used to measure project performance

PV : Planned Value

Budgeted value of planned work

EV : Earned Value

Budgeted value of completed work

AC : Actual Cost

Actual cost incurred for completed work

CV : Cost Variance

EV minus AC

SV : Schedule Variance

EV minus PV

CPI : Cost Performance Index

EV divided by AC

SPI : Schedule Performance Index

EV divided by PV

RFI : Request for Information

Used to gather information from vendors

RFQ : Request for Quote

Used to obtain pricing information from vendors

RFP : Request for Proposal

Used to request complete vendor solutions

ERP : Enterprise Resource Planning

Integrated system managing business operations such as accounting, HR, and inventory

CRM : Customer Relationship Management

System used to manage customer interactions and sales

PMIS : Project Management Information System

Tool used to manage project schedules, budgets, risks, and resources

KMS : Knowledge Management System

Repository for organizational knowledge and lessons learned

RMS : Resource Management System

Tracks and allocates project resources

EDMS : Electronic Document Management System

Stores and controls project documents

HIPAA : Health Insurance Portability and Accountability Act

U

S

law protecting healthcare information

PII : Personally Identifiable Information

Information that can identify an individual

PHI : Protected Health Information

Healthcare-related information protected by HIPAA

GDPR : General Data Protection Regulation

European privacy regulation governing personal data

KT : Knowledge Transfer

Process of transferring knowledge from project teams to support teams

SDLC : Software Development Life Cycle

Structured process for software development from planning through maintenance

BA : Business Analyst

Defines requirements and bridges business needs with technical solutions

OPEX : Operational Expenditure

Ongoing operational costs

CAPEX : Capital Expenditure

Major investment costs associated with acquiring assets

BCR : Benefit-Cost Ratio

Compares project benefits to project costs

IRR : Internal Rate of Return

Financial metric used to evaluate project investments

NPV : Net Present Value

Difference between present value of benefits and costs

SWOT : Strengths, Weaknesses, Opportunities, Threats

Strategic analysis framework

SMART : Specific, Measurable, Achievable, Relevant, Time-bound

Goal-setting framework

PDCA : Plan, Do, Check, Act

Continuous improvement cycle

BIA : Business Impact Analysis

Evaluates the impact of disruptions on business operations

DRP : Disaster Recovery Plan

Plan for restoring systems after a disruption

BCP : Business Continuity Plan

Plan for maintaining operations during and after disruptions