Wideman Comparative Wideman Comparative Glossary of Common Project Management Terms v5.5 is copyright © R. Max Wideman, 2000-2012.

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Stovepipe - to - Sub-portfolio

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Definition     Editor's Choice
Jargon for the virtual barriers that inhibit communication between functional departments. [D05514]

Straight-line Method of Depreciation
A method in which an equal amount of an asset's cost is considered an expense for each year of its useful life. [D06287]

Strategic Change
In project portfolio management, any change in the strategic intentions and plans of the organization that can impact the contents of component definition, categories, filters, key indicators, and other decision making parameters used for portfolio management. [D06288]

Strategic Dissonance
The difference between policy and action; between what people say they are doing or should be doing, and what they are actually doing. [D01922]

Strategic Framework
The overall integrative framework for managing the project efficiently and effectively. [D03766]

Strategic Goals
In project portfolio management, the definition of an organization's intended achievements in terms of business and cultural results, within a specified timeframe, and usually associated with specific metrics. [D06289]

Strategic Plan
A set of strategies designed to accomplish a set of goals and objectives over a short period of time. [D06529]

The target plan prioritized by critical total float from the current schedule. [D01923]

In project portfolio management, a high level document that explains the organization's vision and mission, plus the approach that will be adopted to achieve this mission and vision, including the specific goals and objectives to be achieved during the period covered by the document. [D06290]

Strategic Planning
In project portfolio management, a type of planning to establish the mission, goals, objectives, and strategies of the organization's future state. [D06291]

The process of planning, prioritizing and approving the implementation of multiple corporate initiatives that typically require the investment of resources over a multiyear time horizon, in conformity with the selected mission and vision of the organization. [D06530]

Strategic Projects
Projects that are tightly tied to company mission, vision, values and objectives, and that depend heavily on high-level coordination and influence management to achieve their goals. See also General Project Alignment, Product and Market-related Projects, Capital Expansion Projects, and Operational Projects. [D04348]

Strategic Risk
See Risk, Strategic. [D05870]

Strategic Systems Plan
A plan devoted to the long term evolution of corporate systems in support of its business. [D03305]

A group of activities designed to achieve some clearly defined end. [D06531]

A framework guiding those choices that determine the nature and direction to attain the objective. [D01925]

A careful plan or method focused on macro goals. Completed, fulfilled and sometimes exceeded with the aid of tough-minded tactics micro-focused action steps. [D01924]

 TML p222
The high-level approach to achieving a goal. [D05515]

The plan of action or management mechanism needed to achieve an objective or vision. [D06293]

A high level view of how to attain the vision/targets of the organization at some point in the future. [D06532]

Strategy Management Plan
See Project Management Plan [D03767]

A working draft document circulated for comment, criticism or suggested changes for improvement. [D03697]

Strengths, Weaknesses, Opportunities and Threats Analysis
See SWOT analysis. [D05739]

In resource scheduling it is possible to specify that an activity may be stretched if this results in an earlier scheduled finish date. This means that the specified duration may be increased, while the specified profile is reduced proportionally. [D01926]

Something made up of a number of parts that are held or put together in a particular way, the way they are put together to form a whole. [D01927]

 VPM p19
Student Syndrome
A psychological bias related to project scheduling. Many people will only start to fully apply themselves to a task just before a deadline. [D06533]

The methodical examination and/or analysis of a question or problem. [D01928]

A distinctive manner of expression (as in writing or speech) or of personal behavior. A particular manner or technique by which something is done, created, or performed (as in style of management.) [D03306]

Two or more parts joined together to form a unit that is only a part of a complete machine, structure, or other article. [D03313]

Two or more parts joined together to form a unit in an assembly, such as a printed circuit board with installed parts. Level 6 in the system hierarchy. [D04245]

A contract between the prime contractor and a seller to it. [D04246]

A contractual document which legally defines the effort of providing services, data, or other hardware, from one firm to another. [D01929]

Delegating tasks or sub-projects to smaller contractors or to other organizations. [D01930]

 OTOB p271-4
Subcontract Administrator
An official designated by the contractor, who has the authority to: [D04247]

Subcontract Plan
A main contractor's plan for managing its subcontracts. Disclosure of this plan may only be available to the project team if it is a condition of the main contract. [D03307]

Any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor. [D03577]

An organization, usually a company, working for another organization on some aspect of the project for which the other organization is under contract. [D01931]

 SPM p304-9
An individual, partnership, corporation, or association that contracts with an organization (i.e., the prime contractor) to design, develop, and/or manufacture one or more products. [D05214]

Sub-Critical Activity
An activity that has a float threshold value assigned to it by the project manager. When the activity reaches its float threshold, it is identified as being critical. Since this type of criticality is artificial, it normally does not impact the project's end date. [D03614]

Subject Matter Expert ("SME")
An expert in a particular area of project management who may be called in to provide advice within his or her area of expertise. [D06294]

Subjective Probability
A probability that is based on human judgment of the likelihood of the event. See also Objective Probability. [D06534]

The subdivision of a project network diagram into segments, usually representing some form of subproject. [D01934]

A division of a project network diagram representing a subproject. [D01932]

Activity of a main network represented by a detailed network. [D01935]

See also Subnet. [D01936]

A small network which forms a part of the project network. [D01937]

 CPMUSC p176-8
A section of the project, i.e. subproject, for which a separate network is developed. Usually represented as a single activity in the main network. [D03954]

See Subnetwork. [D04306]

The optimization of a component of a system or project, such as task sequence or schedule, perhaps to the detriment of the overall plan or project. [D01938]

 OTOB p271-4
In project portfolio management, a collection of components that includes programs, projects, portfolios and "Other Work" grouped together within a larger portfolio. [D06295]

Definitions for page S09: 50

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