Glossary Term | Description |
Activity End Date | The end date displayed varies based on the activity being a manual or automatic activity. * Manual - end date entered by user as manual activities can only be created for a maximum of one week. * Automatic - end date of activity if within reporting period or last working day of the week if activity is across multiple weeks. |
Activity Start Date | The start date is displayed varies based on the activity being a manual or automatic activity. * Manual - start date entered by user as manual activities can only be created for a maximum of one week. * Automatic - start date of activity if within reporting period or first working day of the week if activity is across multiple weeks. |
Activity Status | The current status of an activity. PMs can refer to this field to assess the progress of an activity. The status types include: * Complete- Activity is 100% completed * In progress- Activity has started, but not yet completed * Not started- Activity is 0% as not started |
Activity Title | The title of an activity. The title should highlight the primary purpose of an activity and how it is meant to be executed. Thus, all project participants are provided with greater visibility and a better understanding of the activity. |
Activity Type | An Activity can be created manually or automatically. Manual activities are created in the Activities Module and Automatic is a marked task in the project schedule. For Automatic Activities the schedule WBS reference is included. |
Baseline Budget | The planned budget amount for the project. This is the amount that is approved before the project undergoes execution. Once the baseline budget has been set, it can only be changed through a formalised change request sent to a control center |
Baseline Finish Date | The original planned Finish Date for the project is displayed here. Once the Baseline Finish date has been set, it can only be updated via an Approved Change Request and an updated plan which is imported via a CSV file. |
Cost Performance Chart | Graphic representation of the project monthly and accumulative costs providing details on how project actuals costs are tracking against baseline and forecast costs. |
Current Budget | The current budget comprised of the baseline budget plus approved changes to the budget. Users should note that only approved changes to the budget are reflected here while pending or rejected approvals are not included. |
Description | A comprehensive detail of the project to provide a reader with full understanding of the project. This should include any information relevant to the project such as the project objectives and benefits. |
Forecast Budget | The current Forecast Cost is represented the sum of the actual cost incurred from the start of the project till date and the Estimated Cost to Completion. This formula helps PM's assess whether a project is going to exceed or be below its budget. |
Forecast Finish Date | The revised Finish Date of the Project based on project progress. Access to change the Forecast Finish Date is based on the customers' methodology. |
Issue End Date | The forecasted date when the issue will be mitigated or closed. This is determined and is based on priority level, resolution plan and availability of resources to mitigate the issue. |
Issue ID | A unique identifier generated and assigned to an issue when created and saved. |
Issue Name | A short title that outlines the issue and its impact. The name should incorporate 3 pieces of information which are the 'what', the 'how' and the 'impact' of the issue. |
Issue Owner | The project member who is responsible for managing the issue. The owner of the issue is required to have a thorough understanding of the issue and a issue plan. This is essential for identifying and minimising the impacts of the issue on the project. |
Issues for Escalation | Only escalated issues within the project are displayed. An escalated issue has either a high priority level, an end date that has passed or has manually been selected as an escalated issue. Issues should be escalated if they are detrimental to the success of the project or create a major issue in schedule, scope, budget or final product |
Last Week - Key Activities | The planned activities for the previous week that needed to be completed to ensure project is tracking to the planned project schedule. |
Manager | The project manager assigned to the project. The project manager leads the project and reports to the sponsors and portfolio manager on the project status. |
Next Week - Key Activities | The planned activities for the upcoming week that needs to be completed to ensure project is tracking to the planned project schedule. |
Overall Project Progress | A graphic representation of the status of the project on its progress to completion. It comprises of the Project Start Date, Project End Date, overall project status (in percentage (%), and the Project Key Milestones with its corresponding status. |
Overall Project Status | The PM's take on the actual status of the project. Status can either be improved, worsened, or no change using the RAG status. The PM will manually select this status for the project. |
Overall Project Trend | This is a system calculated trend analysis to show project performance over time to determine if project is improving or deteriorating. |
Overview | Overview is the high level aspects of the project populated from other project modules. This allow stakeholders, leaders, team members, or PM's to review and quickly gather pertinent information to determine the project current progress. |
Pipeline | Overview of the Progress of all the Project in this portfolio. The pipeline also shows the order of the projects, and if any upcoming roadblocks or external activities as well as if any projects are dependent on one another to ensure proper execution of each project. |
Project Budgets | Overview of the project financial planning. The details are broken down in the financial plan, but are rolled up and summarised in the budget field. |
Project Cost Status | The PM's take on the actual cost status of the project. Status can either be improved, worsened, or no change using the RAG status. The PM will manually select this status for the project cost. |
Project Cost Trend | This is a system calculated trend analysis to show project cost performance over time to determine if project cost is improving or deteriorating. |
Project Dates | Identify the project's targeted execution/delivery start and finish dates. This provides the reader with a quick understanding of the project's progress against baseline and forecast completion dates. |
Project Issue Status | The PM's take on the actual issue status of the project. Status can either be improved, worsened, or no change using the RAG status. The PM will manually select this status for the project cost. |
Project Issue Trend | This is a system calculated trend analysis to show project issue performance over time to determine if issue cost is improving or deteriorating. |
Project Outline | Identifies the project manager and provides a detailed overview of the project. This is similar to a business case where it addresses the who, what, why and business benefit of executing a project. |
Project Risk Status | The PM's take on the actual risk status of the project. Status can either be improved, worsened, or no change using the RAG status. The PM will manually select this status for the project risk. |
Project Risk Trend | This is a system calculated trend analysis to show project risk performance over time to determine if project risk is improving or deteriorating. |
Project Schedule | A project schedule is a planned listing of a project's tasks, activities, milestones and deliverables needed to meet the statement of works, objectives and goals of a project. The schedule could also include resource assignments, budget and task effort and duration required to meet the plan activities. |
Project Schedule Status | The PM's take on the actual schedule status of the project. Status can either be improved, worsened, or no change using the RAG status. The PM will manually select this status for the project schedule. |
Project Schedule Trend | This is a system calculated trend analysis to show project schedule performance over time to determine if project schedule is improving or deteriorating. |
Project Started by | The name of the user who initiated the project |
Project Started date | The date the project was created by the initiator |
Project Summary | All Projects which belongs to this portfolio. The list includes all projects that are scheduled, in progress or closed in order to keep a record of all related projects within the portfolio. This is important for maintaining the overall portfolio body of knowledge for information sharing between projects (risks, issues, known knowledge). |
Risk End Date | The forecasted date when the Risk will be mitigated or closed. This is determined and is based on priority level, resolution plan, and availability of resources to mitigate risk. The risk will be escalated if the due date has passed. |
Risk ID | A unique identifier generated and assigned to risk when created and saved. |
Risk Name | A short title which outlines the risk and its impact. The name should incorporate 3 pieces of information which are the 'what', the 'how' and the 'impact' of the risk. |
Risk Owner | The project member who is responsible for managing the risk. The owner of the risk is required to have a thorough understanding of the risk and a risk plan. This is essential for identifying and mitigating the impacts of the risk if it occurs. |
Risk Start Date | The date the execution/delivery of project is scheduled to start. The accuracy of the start date is important for effective forecasting and variance tracking. |
Risks for Escalation | Only escalated risks within the project are displayed. An escalated Risk has either a high-risk score, an end date that has passed or has manually been selected as an escalated risk. Risks should be escalated if they are detrimental to the success of the project or create high risk in schedule, scope, budget or final product. |
1.0 Overview Glossary Print
Created by: Charisse Abillero
Modified on: Mon, 23 Nov, 2020 at 8:03 PM
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