Key terms of management

For Nonprofit Organizational Performance Management Nonprofit Capacity Building -- Recommended Books.Intentional misstatement of financial statements by management (management fraud),.The official customer for the project evaluates and signs off on each deliverable.In terms of technology, information management. key principles of effective information management.Project team members develop strategies to manage and mitigate risks based upon the probability of the risk occurring and the impact to the project if the risk event occurs.

Consider a restaurant or a barber shop, where the customer is present during the creation of the service.We can further divide a service operation into high contact and low contact segments.

Risk Register (Risk Log): a tool commonly used in project planning that contains information on all of the project risks identified by the project team including.It is for this reason that OM is a function companies go to in order to improve performance and the financial bottom line.Stakeholder: any person or group that is affected by the execution and success or failure of a project.Competitive Advantage Anything that a firm does especially well compared to rival firms.The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations.The sponsor defines the priority of each of these constraints in a project.Recall that each business function manages unique aspects of the business, and they all must work together.Key management is the management of cryptographic keys in a cryptosystem.

Project Management Glossary of Terms

Key Retail Terms - IMS Results Count

It is compiled once and is treated as the bible for the project.Definitive Guide to Manufacturing and Service Operations, The: Master the Strategies and Tactics for Planning, Organizing, and Managing How Products and Services Are Produced.If a task has a fixed duration, its duration is not affected by the amount of resources assigned to the task.This glossary contains terms related to data, including definitions about data warehousing and words and phrases about data management.Perhaps one of the best ways to get a sense about the practices of management is to examine key terms in management.

Working in sprints not only ensures elevated productivity without disruptions, it also ensures periodic reviews so that the progress can be assessed accordingly.Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services.The end date of a project is dictated by the tasks that make up this critical chain of tasks.Key Terms (See related pages) Agreed-upon procedures engagement:.Constraints may be deadlines, resource unavailability, and regulatory requirements.

The domain is the focus of the performance management effort.Effective communication is a key element of successful project management, which makes a common language essential.

Advertising, Buzz marketing, direct marketing, integrated marketing communication, personal selling, promotion, promotion mix, public.In this approach, the requirements of the activity are more practical than estimated because the nuts and bolts of the activity have already been analyzed.Operations must understand exactly what customers want and be able to ensure that sourcing can get the materials needed at the right price and at the right time to support product designs, or offer alternative material options.Learn an overview of what this term means for your work, your team, and your organization.General Information -- Books About General Topic of Performance Management.For some projects, these phases are conducted as separate sub-projects.

The project manager looks to the project sponsor to provide the required help to acquire needed resources and to help navigate the project politics, especially the blending of stakeholder requirements.Information Services and Technology Administrative IT Solutions.Its ultimate objective is to produce a final deliverable of high quality.Manages the overall schedule to ensure work is assigned and completed on time and within budget.Phases are usually completed sequentially but will sometimes overlap.

Extended Team Member: provides part-time support for specific project tasks.

Glossary oF Accounting, Finance and Economic Terms

Annex D Glossary of Key Terms 49. economy have focused on management of risk as the key to making organisations.It is a graphic representation of the schedule of a project (start and finish dates of the terminal elements and the summary elements of a project) thereby breaking down the work process into smaller components for easier analysis.Risk assessment is a common first step in a risk management process.PROJECT MANAGEMENT GLOSSARY OF TERMS PAGE 3 FALL 2007 —ACRONYMS— AASHTO American Association of State Highway and Transportation Officials.

Planning — involves the creation of the project management plan including.In addition to the articles on this current page, see the following blogs which.Lag: the amount of time after one task is started or finished before the next task can be started or finished.Second, in manufacturing organizations customers typically have no direct contact with the process of production.The reason is that each company depends on other members of its supply chain to be able to deliver the right products to its customers in a timely and cost-effective manner.

Every business is managed through multiple business functions each responsible for managing certain aspects of the business.Give this list of project management terms to your trainees and rest easy.Dependencies within a project tend to make it more complicated because the processes applied to one activity may as well have far reaching repercussions on other dependent activities.Float (slack): the amount of time that a task in a project network diagram can be delayed without causing a delay to.

7. Lean Manufacturing Glossary, Definitions and Terms

Typically, this plan conveys how the conclusion was made that.Measures provide specific information used to assess the extent.

It is a compendium of tools, measures and techniques with the help of which change (either deliberate or involuntary) can be monitored to ensure maximum performance of the system.Assumptions: factors that, for project planning purposes, are considered to be true and do not require proof.\Budget: the approved funding estimate for completing the full scope of project work described in the work breakdown structure.They are most like manufacturing organizations yet they provide a service.

Key Terms | Human Resources

Get a brief overview of performance management key terms in this topic from the Free Management Library.The term RADIO is an acronym for the five categories used to classify the issues.Usually there is much overlap between them, and their distinctions are increasingly becoming murky.

Key Terms in an Introduction to Business |

10 principles of effective information management