Glossary of Terms
This glossary contains definitions used by the Project Change Frame® and other methodologies supported by Lindsay McKenna Limited.
A number of definitions are taken from the Project Management Book of Knowledge (PMBOK®) from the Project Managment Institute. These are denoted by having (PMI) at the end of the definition..
- Ice Breaker
- Method for focusing the Project Team at the start of a meeting.
- Impact Analysis
- The mathematical examination of the nature of individual risks on the project, as well as potential arrangements of interdependent risks. It includes the quantification of their respective impact severity, probability and sensitivity to changes in related project variables, including the project life cycle. (PMI)
- Implementation Plans
- Plans that describe how the Project Team is going to take the optimum solution/proposed changes into the wider Business or marketplace.
- Implementation Strategy
- The overall approach to be employed in implementing a change into a Business or Market.
- Important Tasks
- Tasks that are essential to the achievement of the Project Goal.
- Incremental Change
- Changes resulting from continuous improvement on what already exists. See also Substantial Change and Transformational Change.
- Indirect Costs
- Costs incurred by an organisation irrespective of the project such as security, personnel and payroll. Costs not directly tied to the project. (PMI)
- Individual Action Plan
- Used by Project Team Members to capture their individual commitments to the Project, together with the quality and standard each activity has to achieve.
- The mechanism(s) utilised to facilitate Project Team Member communication and the flow of information. The focus is on how communication and information sharing should be carried out.
- Initiating Process Group
- Authorises the project or a project phase. (PMI)
- Innovative Improvement
- This is the fourth phase of the Six Sigma methodology. It where the solution is tested and implemented
- The ability to see clearly and deeply.
- Intangible Benefits
- Benefits which are important outcomes of the implemented action(s), but for which no financial assessment can be reasonably made (examples: better skilled workforce, increased corporate reputation or recognition, increased quality or decision-making ability).
- Making trade-offs among competing objectives and alternatives. (PMI)
- Investment Appraisal
- A tool that provides various approaches to evaluating investment proposals and opportunities.
- Invisible Team Members
- People who do not work directly on the Project Team but undertake tasks that are necessary for the fulfillment of project work.
- Anything that has happened that either threatens or enhances the success
of a project.
Contrast with risks and opportunities, which are things that might happen but have not yet happened.
- Issue Management
- The process of identifying, recording and resolving issues which threaten, or might enhance, the success of a project.
- Issues Log
- A record of all issues relevant to the Project, which if unresolved, could have a detrimental effect.