Project Management Acronyms

Flashcards for common project management acronyms and their definitions.

IDIQ

Indefinite Delivery Indefinite Quantity

LCA

Life Cycle Assessment

MVP

Minimum Viable Product

NPS

Net Promoter Score

OBS

Organizational Breakdown Structure

OPA

Organizational Process Assets

PMB

Performance Measurement Baseline

PMBOK

Project Management Body of Knowledge

PMO

Project Management Office

PV

Planned Value

RAM

Responsibility Assignment Matrix

RBS

Risk Breakdown Structure

SOW

Statement of Work

SPI

Schedule Performance Index

SV

Schedule Variance

SWOT

Strengths, Weaknesses, Opportunities, and Threats

T&M

Time and Materials Contract

VAC

Variance at Completion

VDO

Value Delivery Office

WBS

Work Breakdown Structure

BAC

Budget at Completion

CCB

Change Control Board

CFD

Cumulative Flow Diagram

COQ

Cost Of Quality

CPAF

Cost Plus Award Fee

CPFF

Cost Plus Fixed Fee

CPI

Cost Performance Index

CPIF

Cost Plus Incentive Fee

CPM

Critical Path Method

CV

Cost Variance

DOD

Definition Of Done

EAC

Estimate At Completion

EEF

Enterprise Environmental Factors

EMV

Expected Monetary Value

ETC

Estimate To Complete

EV

Earned Value

EVA

Earned Value Analysis

FFP

Firm Fixed Price

FPEPA

Fixed Price with Economic Price Adjustment

FPIF

Fixed Price Incentive Fee

PESTLE

Political, economic, socio-cultural, technical, legal, environmental

TECOP

Technical, environmental, commercial, operational, political

VUCA

Volatility, uncertainty, complexity, ambiguity