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initiating process group The result of an organizational strategic decision to launch the program, initiate component projects, and identify the program management team initiating the program A program management process group that uses select processes, inputs, tools, and techniques to create outputs that lead to the initiation of the entire program integrated change control A process to approve and decline program changes by examining all of the areas the change may affect in the program These areas include scope, time, cost, quality, human resources, communications, risk, and procurement interface management plan Defines these relationships inside and outside of the organization, including departments, lines of business, and other open programs interface planning This planning process identifies and documents all the relationships within the program, external to the program, and between programs within an organizational portfolio invitation for bid (IFB) items outlined in the SOW This document asks the sellers to provide a cost for the PART IV
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issue A topic that needs direction and determination to reach a resolution Issue resolution can go in several different directions, and usually there s some turmoil and opposing views on each side of the proposed outcome of the issue issue management and control A monitoring and controlling process to facilitate the documentation, management, and resolution of program issues issue owner The person that is responsible for reaching a decision on an issue knowledge area A portion of the program management focusing on a specific topic; there are nine program management knowledge areas (program integration management, scope management, time management, cost management, quality management, human resource management, communications management, risk management, and procurement management) Law of Diminishing Returns The limitation of adding labor to reduce the amount of time the work takes to complete; the work itself, the yield, and the profit versus labor constraints restrict the ability to exponentially add labor to reduce the amount of time allotted to the work lessons learned Documentation of what was learned about the program s weaknesses, failures, and opportunities to improve overall performance
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Lump-Sum A contract that defines the agreed price for contracted product; can include incentives for the seller mandatory dependencies The program activities must happen in this particular order; there s no other way of scheduling the program work A mandatory dependency is also known as hard logic Maslow s Hierarchy of Needs Five needs that humans require: physiological, safety, social, esteem, and self-actualization McGregor s X and Y X management sees the employees as lazy, untrustworthy, and generally incompetent Y management sees the employees as motivated, competent, and able to self-lead medium The intermediary network between senders and receivers in the communication model; think of the phone lines between fax machines milestone A milestone is a timeless event that shows progress within the project
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milestone schedule Milestone schedule offers the dates when the project is expected to reach the identified milestones mitigation This risk response is an attempt to reduce the probability and/or impact of a risk monitoring and controlling process group The program management processes used to manage changes to the program scope, control the project work, and address all levels of change, consistency, and expectations in all facets of the program Multi-Rater Assessment (MRA) An assessment by 12 colleagues of the PgMP candidate Raters consist of one supervisor, four peers, four direct reports, and three professional references Raters will assess the PgMP candidate s ability to lead programs negative stakeholder A stakeholder that does not want your program to exist or to reach its objectives net present value (NPV) A formula that considers the present value of each predicted return on investment for a program that may have tiered deliverables and intermediate returns on the program s investment over a series of years noise Any element that may disrupt or distort the communication between the sender and the receiver operations The normal, ongoing, day-to-day functions of an organization
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