Dictionary

Calendar Unit

Category: Knowledge base > Dictionary

The smallest unit of time used in scheduling the project. Calendar units are
generally in hours, days, or weeks, but can also be in shifts or even in minutes. Used
primarily in relation to project management software.
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Stakeholder

Category: Knowledge base > Dictionary

Individuals and organizations who are involved in or may be affected by project
activities.
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Workaround

Category: Knowledge base > Dictionary

A response to a negative risk event. Distinguished from contingency plan in that
a workaround is not planned in advance of the occurrence of the risk event.
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Risk Identification

Category: Knowledge base > Dictionary

Determining which risk events are likely to affect the project.
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Project Schedule

Category: Knowledge base > Dictionary

The planned dates for performing activities and the planned dates for meeting
milestones.
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Milestone Schedule

Category: Knowledge base > Dictionary

A summary-level schedule which identifies the major milestones. See also
master schedule.
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Master Schedule

Category: Knowledge base > Dictionary

A summary-level schedule which identifies the major activities and key milestones.
See also milestone schedule.
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Project Phase

Category: Knowledge base > Dictionary

A collection of logically related project activities, usually culminating in the
completion of a major deliverable
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Work Breakdown Structure Element

Category: Knowledge base > Dictionary

An element of a deliverable-oriented grouping of project elements
which organizes and defines the total scope of the project. Each descending level
represents an increasingly detailed definition of a project component. Project components
may be products or services.
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Activity

Category: Knowledge base > Dictionary

An element of work performed during the course of a project. An activity normally
has an expected duration, an expected cost, and expected resource requirements.
Activities are often subdivided into tasks.
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