| Glossary of Project
Management |
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| fast
tracking
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Doing activities in parallel that are normally done sequentially
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| feasibility
plan
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A documented expression of what your research has told you.
This plan is written to help determine the validity of a proposed project, a
section of a project, or the scope of a given project.
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| final
project repo
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The collection of all of the cumulative reports may serve as
a final record of each phase’s work, with a few additions. It includes the
project vision statement, the project proposal, project plan, the WBS, the PND,
meeting minutes, any Project Change Requests forms, all written notices
relevant to the project deliverables, client acceptance agreement, and the
post-project audit.
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Finish No Earlier Than (FNET)
constraints
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This semiflexible constraint requires that a task be
completed on or after a specified date.
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Finish No Later Than (FNLT) constraints
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This semiflexible constraint requires that a task be
completed on or before this date.
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finish-to-finish (FF) tasks
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These tasks require that the predecessor task and the
successor task be completed on the exact date. An example is rolling out a new
software package and finishing the user training sessions. While users are in
the new training session, the new software should be installed and configured
on their workstations by the time the training session ends.
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finish-to-start (FS) tasks
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These tasks are successors and cannot begin until the
predecessor task is completed. An example is installing network cards before
connecting PCs to the Internet.
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flexible constraints
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These constraints do not have dates assigned to their
activities and are only bound by their predecessor and successor activities.
Use flexible constraints as much as possible.
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flexible deadline
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A deadline that doesn’t assign an exact time for completion.
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float
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The amount of time a task can be delayed without delaying the
project completion. Technically, there are three different types of float:
Free float is the total time a single activity can be delayed without
delaying the early start of any successor activities. Total
float is the total time an activity can be delayed without delaying
project completion. Project float is the total time the
project can be delayed without passing the customer’s expected completion date.
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| flowchart
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A chart that illustrates how the parts of a system occur in
sequence.
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focus group
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A collection of users from all of the departments impacted by
the proposed technology of an IT project.
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force majeure
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A powerful and unexpected event, such as a hurricane or other
disaster.
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| forcing
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A conflict resolution method where one person dominates or
forces her point of view or solution to a conflict.
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| forecasting
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An educated estimate of how long the project will take to
complete. It can also refer to how much the project may cost to complete.
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formal acceptance
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The formal acceptance of a project’s deliverables is a
process that is completed by the client of the project and the appropriate
members of the project team. These acceptances are contingent on a project
acceptance agreement.
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formal power
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The type of power where the project manager has been assigned
by senior management to be in charge of the project.
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fully burdened workload
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The amount of work, in hours, required by the staff to
complete each phase of the project.
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functional structure
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An organizational structure that groups staff members
according to their area of expertise (sales, marketing, construction, and so
on). Functional structures require the project team members to report directly
to the functional manager. In this type of structure, the project manager’s
authority and decision-making ability is less than the functional manager’s.
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future value
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A formula to calculate the future value of present money.
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