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Project Management Glossary

Scope change Any change in a project scope that requires a change in the project’s cost or schedule. Scheduled start The earliest date on which an activity can start, having regard to resource or external constraints as well as project logic. Scheduled finish The earliest date on which an activity can finish, having regard to resource or external constraints as well as project logic. S-curve A graphic display of cumulative costs, labour hours or other quantities, plotted against time.

It ensures that relevant quality assurance procedures have been implemented and that there is consistency throughout project documentation. Competitive tendering A formal procurement process whereby vendors or contractors are given an equal chance to tender for the supply of goods or services against a fixed set of rules. Closeout The process of finalising all project matters, carrying out final project reviews, archiving project information and redeploying the remaining project team. Change management The overarching approach taken in an organisation to move from the current to a future desirable state using a coordinated and structured approach in collaboration with stakeholders.

Slippage In Foreign Exchange Trading

Lessons learned Documented experiences that can be used to improve the future management of projects, programmes and portfolios. Latest start date The latest possible date by which an activity has to start within the logical and imposed constraints of the network, without affecting the total project duration. Latest finish date The latest possible date by which an activity has to finish within the logical activity and imposed constraints of the network, without affecting the total project duration.

Resource level A specified level of resource units required by an activity per time unit. Residual value The written-down value of a capital item at the end of the period, used in the business case to assess the financial integrity of the programme or project. Reports The presentation of information in an appropriate format (e.g. management report). A written record or summary, a detailed account or statement or a verbal account. A term used to refer to a role that is subordinate to another role in an organisation structure. Quality guide Describes quality and configuration management procedures and is aimed at people directly involved with quality reviews, configuration management and technical exceptions.

As the disc degenerates the internal mass of the disc breaks up and leaves the body, the disc shrinks and looses height. The disc wall becomes slack and the vertebrae become freer to slide around. The direction of slide is controlled by the orientation of the facet joints behind and ligaments and muscles attached to the vertebrae. Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.

How Is Trading The Stock Market Different From Trading Forex?

This will allow a cash flow forecast for the project to be developed and a drawdown of funds to be agreed with the organisation. Phase reviews A review that takes place at the end of a life cycle phase. Performance The term used to describe the quality of the delivery and the deliverables of the project. Parallel life cycle A life cycle where phases are conducted in parallel. Organisational roles The roles performed by individuals or groups in a project.

Resource management The acquisition and deployment of the internal and external resources required to deliver the project, programme or portfolio. Procurement The process by which products and services are acquired from an external provider for incorporation into the project, programme or portfolio. Hybrid life cycle A pragmatic approach to achieving beneficial change that combines a linear life cycle for some phases or activities with an iterative life cycle for others. GovernanceThe framework of authority and accountability that defines and controls the outputs, outcomes and benefits from projects, programmes and portfolios. The mechanism whereby the investing organisation exerts financial and technical control over the deployment of the work and the realisation of value. Cost account manager A member of a functional organisation responsible for cost account performance, and for the management of resources to accomplish such activities.

Mirror Trading Vs Copy Trading

Costs include direct labour, direct materials and all allowable indirect costs. Contingency Provision of additional time or money to deal with the occurrence of risks should they occur. Completion date The calculated date by which the project could finish, following careful estimating and scheduling. Completion When it is agreed that a project or part of a project has been completed in accordance with all requirements.

What Is Copy Trading?

With instant execution, the trader must specify the volume and price he wants; the order is then filled at the desired price if it is available on the server side. To avoid the re-quotation message, he can define a maximum difference between the asking price and the price obtained. Work breakdownstructure Defines the total work to be undertaken and provides a structure for all control systems. It allows a project or programme to be divided by level into discrete groups for programming, cost planning and control purposes. Scheduling The process used to determine the overall project duration. This includes identification of activities and their logical dependencies, and estimating activity durations, taking into account requirements and availability of resources.

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The disc wall becomes slack and the vertebrae become freer to slide around and overriding increases. The slippage usually arrests at an override of 50% in midlife presentations but in teenagers slippage can exceed 100%. This risk will increase in a situation where market fluctuations happen more swiftly, which will significantly limit the time that is available for a trade to be completed at an approved price.

Effects Of Slippage

Maintaining organized and detailed documentation will help you avoid these nonconformities. However, if your company is having trouble with the requirements, there are ways to address the problem promptly so that no further issues occur. The difference between minor and major non-conformance is normally the amount of corrective resources needed to get the business back on the right track. Cold based glaciers occur in the high Latitudes where the temperature of the snow fall is far below zero degrees and the ice of the glacier remains at below zero throughout the year. These glaciers therefore stay frozen to the bedrock all year and there fore there is little ice movement and therefore little erosion. There are 2 basic types of glaciers and these types massively determine the type of movement that takes place within the ice.

But if the exact fill price is vital for your strategy and you trade over shorter time periods, instant execution may be more appropriate. Reviews Project reviews take place throughout the project life cycle to check the likely or actual achievement of the objectives specified in the project management plan. Earned value management A project control process based on a structured approach to planning, cost collection and performance measurement. It facilitates the integration of project scope, time and cost objectives and the establishment of a baseline plan of performance measurement. The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders.

Near-critical activity An activity with low total float that may become critical under adverse conditions. Mission statement A brief summary, of approximately one or two sentences, that sums up the background, purpose and benefits of the project. Milestone plan A plan containing milestones that highlight key points of the project. Mechanical completion The point at which a facility has been fully installed and individual components have been inspected and tested using safe techniques and inert materials. Maturity The sophistication and experience of an organisation in managing projects.