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Progressive Acquisition - to - Project Benefits

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Definition     Editor's Choice
Progressive Acquisition ("PA")
A strategy to acquire a large and complex system that is expected to change over its lifecycle. The final system is obtained by upgrades of system capability through a series of operational increments. PA aims to minimize many of the risks associated with the length and size of the development, as well as requirements volatility and evolution of technology.
Editor's Note: See also Acquisition. [D05160]

A novel undertaking or systematic process to create a new product or service the delivery of which signals completion. Projects involve risk and are typically constrained by limited resources. [D01353]

 RMW 1998
A process for conducting work that produces a new product of one sort or another. [D01342]

 RMW 1997
A process or undertaking that encompasses an entire set of activities having a definable starting point and well defined objectives the delivery of which signal the completion of the project. Projects are usually required to be accomplished within limited resources. [D01343]

A set of activities directed to an overall goal. Also, the collection of data relating to the achievement of that goal. More specifically, a network of activities, or file(s) containing such a network. [D01344]

A temporary endeavor undertaken to create a unique product or service. [D01345]

A unique venture with a beginning and an end, undertaken by people to meet established goals within defined constraints of time, resources, and quality. [D01346]

 OTOB p6
An endeavor in which human, material and financial resources are organized in a novel way, to undertake a unique scope of work of given specification, within constraints of cost and time, so as to achieve unitary, beneficial change, through delivery of quantified and qualitative objectives. [D01347]

An organized undertaking utilizing human and physical resources, done once, to accomplish a specific goal, which is normally defined by a Triple Constraint.
Editor's Note: Triple Constraint, i.e. Performance, Time and Cost, is an obsolete construct now considered inadequate to convey project objectives and constraints in today's real world. [D01348]

 SPM p304-9
An organized undertaking, limited in time to achieve specific objectives. [D01349]

Any temporary, organized effort that creates a one-time product, service, process, or plan.
Editor's Note: "Temporary" suggests that the project's duration is at the whim of management irrespective of product delivery. "Transient" might be a better word. [D01350]

 PMMJ97 p1
Any undertaking that has a defined objective, a cost parameter, and a time element for its development. A cluster of activities that are pulled together to deliver something of value to a customer. [D01351]

 003 p8
Any undertaking with a defined starting point and defined objectives by which completion is identified. In practice most projects depend on finite or limited resources by which the objectives are to be accomplished. [D01352]

A unique, novel and transient endeavor undertaken to achieve novel objectives and involving considerable risk and uncertainty. [D02619]

A systematic process for achieving a distinct objective. The "system" consists of a period of planning followed by a period of "doing", and this system is repeated at every level of detail. These two "periods" are the genesis of the project life cycle. Project management is the process of managing the project process. [D03426]

A one-time effort to accomplish an explicit objective by a specific time. Each project is unique although similar projects may exist. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion. Each activity in the project will be monitored and controlled to determine its impact on other activities and projects. [D03604]

A temporary management environment which is created in order to achieve a particular business objective through the control and co-ordination of logistical and technical resources. [D03909]

A unique set of coordinated activities, with definite starting and finishing points, undertaken by an individual or organization to meet specific objectives within defined time, cost and performance parameters. See also BS ISO 10006. [D04589]

Projects are performed by people, constrained by limited resources, and planned, executed, and controlled. A project is a temporary endeavor undertaken to create a unique product or service. Temporary means that every project has a definite beginning and a definite ending. Unique means that the product or service is different in some distinguishing way from all similar products and services. Projects are often critical components of the performing organizations' business strategy. [D04751]

A human endeavor legitimately regarded by its stakeholders as a project [because] it encompasses a unique scope of work that is constrained by cost and time [and] the purpose of which is to create or modify a product or service to achieve beneficial change defined by quantitative and qualitative objectives. [D05066]

A structure to complete a specific defined deliverable or set of deliverables. A project has a specific begin date and end date, specific objectives and specific resources assigned to perform the work. A project manager has overall responsibility and authority over a project. When the objectives are met, the project is considered complete. [D05067]

A unique set of coordinated activities, with definite starting and finishing points, undertaken by an individual or organization to meet specific objectives within a defined schedule of cost and performance parameters.
Editor's Note: However desirable this might be, we think it possible that a project could be undertaken without either schedule or cost parameters, or both. [D05068]

Any organized business activity where an investment is made. It most commonly refers to the work of creating and operating a physical asset, such as a bridge or a building. However, it need not involve the creation of a new physical asset at all, for example if a company launches a new product which has been manufactured by existing assets. The project extends over the whole investment life-cycle of activity, not just the initial phases while the investment is being made.
Editor's Note: This definition is unfortunate in that practitioner consensus holds that a project and its life cycle or life span is concluded upon the delivery and transfer of the product to the customer or user and does not encompass the whole investment period. This latter is typically referred to as the "product" life cycle. [D05069]

An undertaking that is focused on acquiring a specific product. The product may include hardware, software, and services. Typically, a project has its own funding, cost accounting, and delivery schedule. [D05204]

A temporary organization in a management environment created for the purpose of delivering one or more business products according to a specified business case. A project is a finite process with a definite start and end. Projects always need to be managed in order to be successful. [D05432]

 PRNC2 2002
The work required to convert an opportunity into an asset. [D05690]

A means for delivering strategy and beneficial change, e.g. added value, through discrete and unique pieces of work carried out by temporary teams under strict constraints and subject to uncertainty. [D05819]

 RMW 2004
A set of actions that are focused on an established set of outcomes. [D06133]

A container for work focused on a unique product. [D06134]

A mechanism for the acquisition/creation and perhaps implementation of an enabler. [D06135]

A sequence of unique, complex, and connected activities having one goal or purpose that must be completed by a specific time, within budget, and according to specification. [D06136]

A structured set of activities concerned with delivering to the enterprise a defined capability based on an agreed schedule and budget. [D06137]

A time-constrained operation to realize a set of definable deliverables up to quality standards and requirements, the scope of which fulfills the project's objectives. [D06482]

A whole set of actions limited in time and space, inserted in, and in interaction with, a politico-socio-economic environment, aimed at and tended towards a goal progressively redefined by the dialectic between thought (the project plan) and the reality. [D06483]

 PMJ Jun 2010, p13
A temporary endeavor undertaken to create a unique product, service or result. [D06506]

Project Accountant
The person responsible for project cost accounting services to the project. Duties typically include:

See also Project Controller. [D05820]

Project Accounting
The process of identifying, measuring, recording and communicating actual project cost data.
Editor's Note: Unlike financial accounting where entries must be accurate to the nearest penny, project cost accounting does not require this degree of accuracy. To the nearest $100 or $1000 may suffice depending on the size of the project. [D01354]

Project Administration
Routines established to control and follow up a project. [D01355]

Project Appraisal
The discipline of calculating the viability of a project. Project viability is normally determined in largely economic or financial terms. However, it may also be extended to include issues such as environment appraisal and certainty of performance. [D03910]

The discipline of calculating the viability of a project. [D01356]

Project Approach
A description of the way in which the work of the project is to be conducted. For example: Are we building a product from scratch or buying in a product that already exists? Are the technology and products that we can use constrained by decisions taken at program level? [D05821]

 PRNC2 2005
Project Approach Statement
See Approach Statement. A statement of the way the project will do things. For example, project planning may require different approaches, or different approaches may be considered as a way of reducing project risks. [D05691]

Project Approval
Owner, sponsor, or senior management authorization for a project to proceed, typically through the next logical phase only. A major milestone or event in the project life cycle. [D03191]

Project Assurance
The project board's responsibilities to assure itself that the project is being conducted correctly. [D05433]

 PRNC2 2002
Project Assurance Team ("PAT")
The organization which carries out technical and administrative roles, ensuring continuity of development, and technical integrity, of the project's products. [D05070]

A three-member team comprised of the business assurance coordinator, the technical assurance coordinator and the user assurance coordinator whose roles cross stage boundaries and through whom continuity of project development and technical product integrity is maintained. [D01357]

Project Authority
The entity that directs the project definition and scope, and oversees project implementation, representing the financial stakeholders and ultimate risk takers on the project. [D06484]

Project Base Date
Reference date used as a basis for the start of a project calendar. [D04479]

Project Benefits
See Benefits. [D06139]

Definitions for page P12: 50

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