Glossary : H-P

handover : The transfer of ownership of a set of products to the respective user(s). The set of products is known as a release. There may be more than one handover in the life of a project (phased delivery). The final handover takes place in the project closure process.

impact (of risk) : The result of a particular threat or opportunity actually occurring, or the anticipation of such a result. inherent risk The exposure arising from a specific risk before any action has been taken to manage it.

issue : A relevant event that has happened, was not planned, and requires management action. It can be any concern, query, request for change, suggestion or off-specification raised during a project. Project issues can be about anything to do with the project.

Managing Successful Programmes (MSP) : MSP represents proven programme management good practice in the successful delivery of transformational change through the application of programme management. MSP defines programme management as “the action of carrying out the coordinated organization, direction and implementation of a dossier or projects and transformational activities to achieve outcomes and realize benefits of strategic importance to the business”.

milestone : A significant event in a plan’s schedule, such as completion of key work packages, a technical stage, or a management stage.

MoSCoW : Is a technique used in business analysis and software development to reach a common understanding with stakeholders on the importance they place on the delivery of a specific requirement. MoSCoW prioritises scope into must haves, should haves, could haves and won’t haves to adjust the deliverable to meet the stated time constraint.

outcome : The result of change, normally affecting real-world behaviour and/or circumstances. Outcomes are desired when a change is conceived. They are achieved as a result of the activities undertaken to effect the change.

output : A specialist product that is handed over to a user(s). Note that management products are not outputs but are created solely for the purpose of managing the project.

plan : A detailed proposal for doing or achieving something which specifies the what, when, how and by whom.

prerequisites (plan) : Any fundamental aspects that must be in place, and remain in place, for a plan to succeed.

PRINCE2 : A method that supports some selected aspects of project management. The acronym stands for PRojects IN a Controlled Environment.

probability : This is the evaluated likelihood of a particular threat or opportunity actually happening, including a consideration of the frequency with which this may arise.

problem/concern : A type of issue (other than a request for change or off-specification) that the Project Manager needs to resolve or escalate.

product : An input or output, whether tangible or intangible, that can be described in advance, created and tested.

programme assurance : independent assessment and confirmation that the programme as a whole or any one of its aspects is on track, that it is applying relevant practices and procedures, and that the projects, activities and business rationale remain aligned to the programme’s objectives.

programme management : the coordinated organization, direction and implementation of a dossier of projects and transformation activities (i.e. the programme) to achieve outcomes and realize benefits of strategic importance.

programme manager : the role responsible for the set-up, management and delivery of the programme, typically allocated to a single individual.

project management : the planning, delegating, monitoring and control of all aspects of the project, and the motivation of those involved, to achieve the project objectives within the expected performance targets for time, cost, quality, scope, benefits and risks.

project manager : the role responsible for the set-up, management and delivery of the project. typically allocated to a single individual. The person with authority and responsibility to manage a project on a day-to-day basis to deliver the required products within the constraints agreed by the project board.

proximity (of risk) : The time factor of risk, i.e. when the risk may occur. The impact of a risk may vary in severity depending on when the risk occurs.

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