Stating that something is required to be ‘fit for purpose’ means that a good or service must fulfil a customer’s needs or achieve a particular outcome. This is the degree to which a product or solution is adequate to satisfy the end-user’s needs.
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A
- Accept
- Acceptance Criteria
- Acceptance test
- Accrual work done
- Acquisition process
- Action item
- Action item status
- Activity
- Activity code
- Activity identifier
- Activity label
- Activity list
- Activity-On-Arrow (AOA) Diagram
- Activity-On-Node (AON) Diagram
- Actual cost of work performed (ACWP)
- Actual duration
- Actual effort
- Actual expenditure
- Actual progress
- Adaptive project framework (APF)
- Administrative closure
- Aggregate planning
- Agile
- Agile project management
- Agile software development
- Allocation
- Alternative analysis
- Analogous estimating
- Analytical estimating
- Application area
- Apportioned effort
- Approach analysis
- Arrow diagramming method (ADM)
- Artifacts
- Assignment contouring
- Assumption
- Authorization
- Authorized work
- Avoid
B
- Backlog
- Backward pass
- Balance
- Balanced scorecard
- Bar chart
- Baseline
- Benefits realization
- Blueprint
- BOSCARD
- Bottleneck
- Bottom-up estimating
- Brief
- Budget
- Budgeted Cost of Work Performed (BCWP)
- Budgeted Cost of Work Scheduled (BCWS)
- Burn down chart
- Burst point
- Business analysis
- Business case
- Business imperative
- Business model
- Business operations
- Business process
- Business process modeling (BPM)
- Business requirements
- Business value
C
- Calendar unit
- Capability
- Capability maturity model (CMM)
- CAPEX
- Capital
- Capital employed
- Case study
- Categorize
- Central repository
- Certified Associate in Project Management (CAPM)
- Champion
- Change
- Change authority
- Change control
- Change control board
- Change control system/process
- Change freeze
- Change log
- Change management
- Change management plan
- Change request
- Charter
- Client brief
- Client/ customer
- Closing phase
- Code of accounts
- Collaborative negotiation
- Communication
- Communications log
- Communications management plan
- Communities of practice
- Comparative estimating
- Competence
- Competence framework
- Competitive tendering
- Completion
- Completion date
- Complexity
- Concept
- Conceptual project planning
- Concession
- Concurrent engineering
- Configuration
- Configuration audit
- Configuration control
- Configuration identification
- Configuration item
- Configuration management
- Configuration status accounting
- Conflict resolution
- Conformance audit
- Consensus
- Consideration
- Constraint
- Constructability
- Construction
- Consumable resource
- Context
- Contingency budget
- Contingency plan
- Contingency reserve
- Continuing professional development (CPD)
- Continuous improvement
- Contract
- Contract administration
- Contract closeout
- Contract price
- Contract target cost
- Contractor
- Control account
- Control chart
- Coordination
- Core process
- Corrective action
- Cost account
- Cost account manager
- Cost baseline
- Cost breakdown structure (CBS)
- Cost budgeting
- Cost code
- Cost control system
- Cost curve
- Cost engineering
- Cost estimating
- Cost incurred
- Cost management plan
- Cost of capital
- Cost of quality
- Cost overrun
- Cost performance index (CPI)
- Cost performance report
- Cost plan
- Cost planning and control
- Cost plus fixed fee contract (CPFC)
- Cost plus incentive fee contract (CPIF)
- Cost plus percentage of cost contract (CPPC)
- Cost reimbursable contract
- Cost variance
- Cost-benefit analysis
- Cost-time resource sheet
- Cost/schedule impact analysis
- Crashing
- Critical chain project management (CCPM)
- Critical incident stress debriefing (CISD)
- Critical path activity
- Critical path method (CPM)
- Critical success factor
- Criticality index
- Current finish date
- Current start date
- Current state
- Cut-off date
D
- Dashboard
- Data date
- Decision bias
- Decision gate
- Decision tree analysis
- Decomposition
- Defect repair
- Define
- Definitive estimate
- Deflection
- Deliverable
- Delphi technique
- Demobilization
- Dependencies
- Design (stage)
- Design authority
- Development
- Deviations
- Direct labor
- Discrete effort
- Discretionary dependency
- Do nothing option
- Drawdown
- Dummy activity
- Duration
- Duration compression
- Dynamic systems development method
E
- Early finish date
- Early start date
- Earned schedule
- Earned value
- Earned value analysis
- Earned value management
- Effort
- Effort estimate
- Effort management
- Effort remaining
- Effort-driven activity
- EFQM excellence model
- Elapsed time
- Emergent change
- End activity
- End-user
- Enhancement, maintenance, and upgrade (EMU)
- Enterprise environmental factors
- Enterprise modeling
- Enterprise project management office
- Environment
- Epic
- Escalation
- Estimate
- Estimate at completion (EAC)
- Estimate to complete (ETC)
- Estimated cost to complete (ECC)
- Estimating funnel
- Estimation
- Ethical procurement
- Ethics framework
- Event chain diagram
- Event chain methodology
- Event-driven
- Exception management
- Exceptions
- Execution phase
- Executive sponsor
- Expected monetary value
- Expediting
- Expended hours
- Expenditure
- Expert judgement
- Exploit
- Extended life cycle
- External constraint
- External dependency
- External environment
- External suppliers
- Extreme programming (XP)
- Extreme project management (XPM)
F
- Facilitation
- Facility
- Factors
- Fallback plan
- Fast tracking
- Feasibility study
- Final account
- Financial management
- Finish-to-finish
- Finish-to-start
- Fishbone diagram
- Fitness for purpose
- Fixed duration
- Fixed formula method
- Fixed price contract (FPC)
- Fixed units
- Fixed work
- Float
- Flowchart
- Focused improvement
- Follow up
- Force-field analysis
- Fordism
- Forecast
- Formal acceptance
- Forward pass
- Free float
- Function
- Functional analysis
- Functional analysis and system technique (FAST)
- Functional manager
- Functional organization
- Functional requirements
- Funding
- Future state
G
H
- Hammock activity
- Handover
- Hanger
- Health and safety management
- Health and safety plan
- Health and safety risk assessment
- Health, safety and environmental management
- HERMES
- Hierarchical coding structure
- High-level requirements
- Historical information
- Host organization
- Human resource management plan
- Hybrid life cycle
- Hypercritical activities
I
- Idea development
- Idea evaluation
- Impact
- Impact analysis
- Implementation (phase)
- Imposed finish
- Imposed start
- In progress activity
- Influencing
- Information distribution
- Infrastructure
- Initial
- Initiation phase
- Inputs
- Inspection
- Integrated assurance
- Integrated baseline review (IBR)
- Integrated change control
- Integrated master plan (IMP)
- Integrated master schedule (IMS)
- Integration
- Integration management plan
- Integration planning
- Integrative management
- Interdependencies
- Interface management
- Internal environment
- Internal rate of return (IRR)
- Interrelationship
- Investment
- Investment appraisal
- Investment decision
- Invitation for Bid
- Ishikawa diagram
- Island of stability
- ISO 10006
- Issue
- Issue log
- Issue management
- Issue register
- Issue tracking
- Issue types
- Iteration
- Iterative and incremental development
- Iterative development
- Iterative life cycle
- Iterative process
J
K
L
- Lag/Lag time
- Late finish date
- Late start date
- Lateral thinking
- Lead/Lead time
- Leadership
- Lean
- Lean manufacturing
- Lean Six Sigma
- Lean startup
- Lessons learned
- Letter of intent
- Level of effort
- Level one plan
- Life cycle
- Life cycle cost
- Line of balance
- Linear scheduling method
- Linear sequential model
- Liquidated damages
- Logic network
- Logical relationship
M
- Make or buy decision
- Management
- Management plan
- Management process
- Management reserve
- Management science (MS)
- Marketing
- Master project
- Master schedule
- Material
- Material take-off
- Matrix organization
- Maturity
- Maturity model
- Mechanical completion
- Mediation
- Meeting agenda
- Meeting minutes
- Megaproject
- Merge point
- Method
- Methods and procedures
- Milestone
- Milestone schedule
- Minimum viable product (MVP)
- Mission statement
- Mobilization
- Model
- Modern project management
- Monitoring
- Monte Carlo simulation/technique
- MoSCoW
- Most Likely Duration
- Motivation
- Murphy’s Law
N
O
- Objective
- Operations and maintenance
- Operations management
- Operations research (OR)
- Opportunity
- Opportunity cost
- Optimistic duration
- Optimizing
- Optioneering
- Order of magnitude estimate
- Organization
- Organization design
- Organization development
- Organizational breakdown structure
- Organizational culture
- Organizational enabler
- Organizational planning
- Organizational process assets
- Organizational project management
- Organizational project management maturity
- Organizational roles
- Original budget
- Original duration
- Other direct costs (ODC)
- Out-of-sequence progress
- Outcome
- Output
- Outturn cost
- Overall change control
- Overheads
- Overrun
- Owner
P
- P3 assurance
- P3 management
- Parallel activities
- Parallel life cycle
- Parametric estimating
- Pareto chart
- Partnering
- Path convergence
- Path divergence
- Payback
- Percent complete
- Performance
- Performance measurement baseline
- Performance reporting
- Performing organization
- Pessimistic duration
- PEST analysis
- Phase
- Phase gate
- Physical models
- Pilot
- Planned cost
- Planned value (PV)
- Planning
- Planning phase
- Planning poker
- Portfolio
- Portfolio balancing
- Portfolio charter
- Portfolio management
- Portfolio manager
- Portfolio, program, and project management maturity model (P3M3)
- Positive variance
- Post project review
- PRAM
- Pre-commissioning
- Precedence diagramming method (PDM)
- Precedence network
- Predecessor activity
- Preventive action
- Prime or lead contractor
- PRINCE2
- Prioritize
- PRiSM
- Probability
- Probability and impact matrix
- Problem statement
- Process
- Process architecture
- Process management
- Process-based project management
- Procurement management plan
- Product
- Product breakdown structure (PBS)
- Product description
- Product lifecycle
- Product verification
- Productivity factor
- Professional development unit (PDU)
- Professionalism
- Profile of expenditure
- Program
- Program brief
- Program charter
- Program Evaluation and Review Technique (PERT)
- Program Evaluation and Review Technique (PERT) estimate
- Program management
- Program manager
- Progress
- Progress analysis
- Progressive elaboration
- Project
- Project accounting
- Project appraisal
- Project baseline
- Project calendar
- Project change request form
- Project charter
- Project context
- Project cost management (PCM)
- Project definition
- Project file
- Project financing and funding
- Project initiation document (PID)
- Project management
- Project management body of knowledge (PMBOK)
- Project Management Institute (PMI)
- Project management maturity
- Project management methodologies
- Project management office
- Project management process
- Project management professional (PMP)
- Project management simulators
- Project management software
- Project management triangle
- Project manager
- Project network
- Project objectives
- Project organization (structure)
- Project performance indicators
- Project phase
- Project plan
- Project planning
- Project portfolio management (PPM)
- Project schedule
- Project schedule network diagram
- Project scope statement
- Project stakeholders
- Project success
- Project team
- Project tiers
- Project timeline
- Project-based working
- Projectized organization
- Proof of concept
- Proport
- Provider selection and management
- Punch list
Q
R
- RAID log
- Rapid application development (RAD)
- RASCI/RACI chart
- Reactive risk response
- Recurring costs
- Reengineering
- Regulatory
- Reimbursement
- Release
- Remaining duration
- Remote team
- Repeatable
- Replenishable resource
- Reporting
- Request for proposal
- Request for quotation
- Requirements
- Requirements management plan
- Requirements traceability matrix
- Reserve
- Residual risk
- Residual value
- Resource allocation
- Resource availability
- Resource breakdown structure
- Resource calendar
- Resource leveling
- Resource loading profiles
- Resource optimization techniques
- Resource smoothing
- Resource-limited schedule
- Resource/s
- Responsibility assignment matrix
- Retainage
- Retention
- Return on investment (ROI)
- Reviews
- Risk
- Risk acceptance
- Risk appetite
- Risk assessment
- Risk avoidance
- Risk breakdown structure
- Risk category
- Risk efficiency
- Risk enhancement
- Risk exploitation
- Risk identification
- Risk log
- Risk management
- Risk mitigation
- Risk monitoring and control
- Risk owner
- Risk register
- Risk response owner
- Risk response planning
- Risk sharing
- Risk threshold
- Risk tolerance
- Risk transference
- Risk trigger
- Roll out
- Rolling wave planning
- Root cause
- Run book
S
- S-Curve analysis
- Safety plan
- Sales
- Scenario planning
- Schedule
- Schedule baseline
- Schedule model
- Schedule model analysis
- Schedule network analysis
- Schedule performance index (SPI)
- Schedule variance
- Scientific management
- Scope
- Scope baseline
- Scope change management
- Scope creep
- Scope statement
- Scrum
- Secondary risk
- Security
- Sensitivity analysis
- Six Sigma
- Slack time
- Slip chart
- Slippage
- Soft project
- Software engineering
- Spiral life cycle
- Sponsor
- Sprint
- Stage
- Stakeholder
- Standards
- Start-To-Finish
- Start-To-Start
- Statement of work (SoW)
- Status report
- Steering committee
- Story point
- Subcontractor
- Subject matter experts
- Subject progress schedule compression technique
- Success criteria
- Successor activity
- Summary activity
- Sunk cost
- Super-critical activity
- Supply chain management
- Sustainability
- SWOT (analysis)
- Systems development life cycle (SDLC)
- Systems engineering
T
- Talent management
- Target completion date
- Target start date
- Task
- Task analysis
- Team
- Team building
- Team leader
- Team member
- Technology management
- Tender
- Tender document
- Termination
- Terms and conditions
- Testing
- Theory of constraints
- Threats
- Three-point estimating
- Time analysis
- Time and material contract
- Time chainage diagram
- Time limit
- Time recording
- Time sheet
- Time-scaled network diagram
- Timebox
- Timeline
- To-Complete Performance Index (TCPI)
- Tolerance
- Top-Down estimating
- Total cost of ownership (TCO)
- Total float
- Total quality management (TQM)
- Traffic light reports
- Tranche
- Transfer
- Trigger condition
- Turnaround report
- Turnkey contract
U
V
- V life cycle
- Validate
- Validation
- Valuation
- Value engineering
- Value for money ratio
- Value management
- Value tree
- Variable or recurring cost
- Variance analysis
- Variance at completion (VAC)
- Vendor
- Version control
- Vertical slice
- Virtual design and construction (VDC)
- Virtual team
- Vision statement
- VUCA conditions (volatility, uncertainty, complexity and ambiguity)
W
X
Y
Z
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Fitness for purpose
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A knowledge base of key content resources on project management and professional services automation.
Browse through all our recent articles on business, technology and project management.
A quick guide on each of the key features of Mission Control’s project management platform.
