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Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2017.

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Last updated 12-22-17

Master Glossary
Baseline Cost   - to -   Benefits Map
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Term
Definition     Editor's Choice
Cat Source
Baseline Cost
The amount of money an Activity was intended to cost when the Baseline Plan was established. [D03591]

JN

 PNG
Baseline Dates
Original planned start and finished dates for an activity. Used to compare with current planned dates to determine any delays. Also used to calculate budgeted cost of work scheduled in earned value analysis. [D00137]

JN

 WST
Baseline Finish Date
See Scheduled Finish Date. [D00138]

JN

  
Baseline Management
The planning, organizing and control of baseline documentation. See, for example, Configuration Management. [D02406]

GJN

 RMW
Baseline Plan
The original plan (for a project, a work package, or an activity), plus or minus approved changes. Usually used with a modifier, e.g., cost baseline, schedule baseline, performance measurement baseline, etc. [D01853]

FGJN
CHM

 PMK96
The initial approved plan to which deviations will be compared as the project proceeds. [D00139]

GJ
C

 OTOB p271-4
Baseline Review
A customer review conducted to determine with a limited sampling that a contractor is continuing to use the previously accepted performance system and is properly implementing a baseline on the contract or option under review. [D00140]

N

 WST
Baseline Schedule
A fixed project schedule that is the standard by which project performance is measured. The current schedule is copied into the baseline schedule which remains frozen until it is reset. Resetting the baseline is done when the scope of the project has been changed significantly, for example after a negotiated change. At that point, the original or current baseline becomes invalid and should not be compared with the current schedule. [D00141]

JN
CHM

 WST
PMST
Baseline Start Date
See Scheduled Start Date. [D00142]

JN
CHM

  
Baseline, budget
A reference base that includes the time phased budget, total funding, time phased funding profile, and management reserve [D03996]

JN
CHM

 CSM
Baseline, business
A reference base that includes the Acquisition Plan, Contract, Subcontracts, Project Master Schedule, Implementation Plan, System Engineering Management Plan, Contract Deliverable(s) List, and the Contract Documentation Requirements List. [D03997]

FGJN
CHM

 CSM
Baseline, cost estimate
The estimated cost to perform all work defined by the project baseline based on the defined conditions, for example, without overtime. [D03998]

FGJN
CHM

 CSM
Baseline, technical
A reference base that includes the User Requirements Document, System Requirements Document, Concept Definition Document, System Specifications, "Design-to" specifications, "Build-to" documents, and "As built," "As tested," "As accepted" and "As operated" configurations. [D03999]

FGJN
CHM

 CSM
Basis of Estimate
The justifications for arriving at a particular cost estimate. This can include the estimating methods, approach taken, prices used, etc.
Editor's Note: It is essential, as with all estimates, that the estimating assumptions are also clearly stated. [D04000]

JN
CHM

 CSM
Batch
See Lot. [D00143]

JN
M

  
Batch Operation
A routine performed by the computer without the need for any user intervention. [D00144]

JN
M

 RMW
Bathtub Curve
A horizontal line graph that looks like a bathtub in that it descends almost vertically at the left end then remains more or less flat until it rises steadily at the right end. [D05261]

JN
M

 RMW
BATNA
See Best Alternative to Negotiated Agreement

GJN
C

  
Bayes Theorem
A formula that revises probabilities on the basis of new information. [D06369]

JN
M

 PrjDec
BCM
See Business Change Manager

G
HMT

  
BCWP
See Budgeted Cost of Work Performed

JN

  
BCWS
See Budgeted Cost of Work Scheduled

JN

  
Behavior
The inherent actions, reactions, and the responses to external events that describe the dynamics of a system. [D05262]

N

 RMW
A combination of an event and an action.
Editor's Note: A term used in software; When something happens, something else happens automatically. Although the term is used in software, it is a useful concept in risk management. [D04917]

N

 RMW
Behavior Analysis
See Functional Analysis. [D04001]

N
T

  
Behavioral Trap
A psychological phenomenon that occurs when rational activity later becomes undesirable and from which it is difficult to escape. [D06370]

J

 PrjDec
Benchmark
A standard by which something can be measured or judged. [D04918]

FGJN
CHMT

 Webster
Benchmarking
A review of what others are doing in the same area. For those who appear to be particularly successful, what they do and how they do it are taken to be examples that should be emulated, i.e. used as "benchmarks". [D02407]

FGJN
CHMT

 RMW
The search for industry best practices that lead to superior performance. [D04919]

FGJN
CHMT

 043
Beneficial Occupancy/Use
Use of a facility or project deliverable in whole or in part by the owner for its intended purpose. This may occur even though some portion of the contract scope remains unfinished. [D04920]

J
C

 PDG
Beneficiaries
People who will feel or experience the value of a benefit. [D05890]

J
HMT

 BRM
Benefit
In project portfolio management, an outcome of change that is perceived as beneficial by a stakeholder. [D05891]

FN
MT

 PPM
The quantifiable and measurable improvement resulting from an outcome which is perceived as positive by a stakeholder and that will normally have a tangible value, expressed in monetary or resource terms. Benefits are expected when a change is conceived. Benefits are realized as a result of activities taken to effect the change. [D05892]

F
MT

 BRM
Benefit Facilitator
A person who supports programs and projects with benefit realization activities, yet challenges benefit claims and Business Cases. [D05893]

F

 BRM
Benefit Owner
A person responsible for the realization of a benefit. [D05894]

FGJ
HMT

 BRM
Benefit Profile
A comprehensive description of a single benefit, including all its attributes and dependencies. [D05895]

FG
HMT

 BRM
Benefits
The positive outcomes, quantified or unquantified, that a project is being undertaken to deliver, and that justify the investment. [D05263]

FGJN
HMT

 PRNC2 2002
The enhanced efficiency, economy and effectiveness of future business operations to be delivered by a program. [D00145]

G

 WST
The measurable improvement to existing business operations and services. [D05550]

F
T

 MSP-UK 1999
The measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders. [D05896]

FGJ
HMT

 MoR-UK
Benefits Framework
An outline of the expected benefits of the program, the business operations affected and current and target performance measures. [D00146]

FGJ
HMT

 WST
A component of the Program Brief which sets out in outline a description of the expected benefits of the program, the business operations affected and current and target performance measures. [D04922]

FGJ
HMT

 KSI
Benefits Management
The identification of potential benefits, their planning and tracking, the assignment of responsibilities and their actual realization. See also Benefits Realization Management. [D04924]

FGJN
HMT

 044
A formal process in Program Management for planning, managing, delivering and measuring the set of benefits which the Program is designed to provide. [D03592]

G
HMT

 PNG
Benefits Management Plan
A project statement of who is responsible for achieving the benefits, and how they will be measured, managed and monitored. [D00147]

FGJN
HMT

 RMW
A component of the Program Definition Statement, which specifies who is responsible for achieving the benefits set out in the Benefits Profiles and how achievement is to be managed, measured and monitored. [D03593]

FG
HMT

 PNG
Benefits Management Regime
The activities, roles and outputs of program management for ensuring that the program will deliver expected business benefits. The regime is described by the benefits management plan as set out in the program Definition Statement. [D04926]

G
HMT

 KSI
Benefits Management Strategy
The definition of how the program will identify, deliver and realize the expected benefits from the program. [D05551]

FG
HMT

 MSP-UK 1999
Benefits Manager
An optional role for assisting the business change manager. [D05552]

FG
HMT

 MSP-UK 1999
Benefits Map
A network of benefits usually linked to one or more of the primary investment objectives that maps all the cause-and-effect relationships. The map's status typically evolves through: wish list, set of feasible paths, plan of selected options, visual for communicating intentions, and benefit tracking mechanism. [D05897]

FG
HMT

 BRM
Definitions for page B01: 50

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