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Key - to - KSI

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Key

In project management, typically means an item that is a deciding factor, i.e. is critical, instrumental or central to arriving at some determination. [D02913]

Key Event Schedule

A schedule comprised of key events or milestones. These events are generally critical accomplishments planned at time intervals throughout the project and used as a basis to monitor overall project performance. The format may be either network or bar chart and may contain minimal detail at a highly summarized level. This is often referred to as a milestone schedule. [D00883]

See Master Schedule. [D00884]

Key Events

Major events the achievement of which that are deemed to be critical to the execution of the project. [D04456]

Key Performance

Performance that is critical to the project. See Key Performance Indicators. [D02914]

Key Performance Indicators ("KPI")

Those project management indicators that:

• are determined at the beginning of the project
• reflect directly on the key objectives [goals] of the project
• provide the basis for project management trade-off decisions during the course of the project.

And at completion of the project these KPIs:

• will be the most relevant measures to confirm the acceptability of the project and its product by the project's stakeholders as being "successful"
• can be measured in some way, at some time, on some scale.

[D03442]

Measurable indicators that will be used to report progress that is chosen to reflect the critical success factors of the project.
[D00885]

Measurable indicators, chosen to reflect the critical success factors of the project, which are used to report on progress. [D03864]

Key Personnel

People who are critical to the project organization. [D02915]

Those persons assigned by name to a project who cannot be replaced without approval of the buyer. [D04126]

Key Success Indicators ("KSI")

Those product indicators that:

• are determined at the beginning of the project
• reflect directly on the key attributes of the product in terms of its ability to deliver the intended benefits
• are listed in order of priority, and
• provide the basis for project management and/or trade-off decisions during the course of the project

And, after completion of the project:

• are most likely to result in acceptance of the product by the project's stakeholders as being 'successful' in terms of 'customer' satisfaction, and
• can be measured in some way, at some time, on some scale.

[D00886]

Kickback

Any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided, directly or indirectly, to any individual or contractor for the purpose of improperly obtaining or for rewarding favorable treatment typically in connection with some form of contract. [D03521]

Kick-Off

See Initiation. [D02916]

Kick-Off Meeting

Ideally, a workshop type meeting in which the principle stakeholders and participants in the project are briefed on the goals and objectives of the project, how it will be organized, etc. and who are then able to contribute to its planning, assignment of responsibilities, target dates, etc. [D02917]

A meeting of representatives of all groups involved in the project execution, to come to a common understanding of the project responsibilities, scope of work and safety program. [D05013]

Knowledge

The fact or condition of knowing something with familiarity gained through experience or association. For example: the sum of what is known such as the tools and techniques of effective project management. [D02918]

Knowledge Base

The sum of knowledge that is basic to the given circumstances, e.g. the organization's estimating database, or anecdotal records of risk events on past projects, etc. [D02919]

Knowledge Management

The acquisition, management and distribution of relevant information to the parties who need to know.. [D02920]

Known, Known-unknown, Unknown-unknown

A method of classifying risks according to the amount of information available. [D00887]

Known-Unknown

See Known, Known-Unknown, Unknown-Unknown method. [D00888]

KPI

See Key Performance Indicators

KSI

See Key Success Indicators