Glossary
- Page ID
- 48500
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\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)| Words (or words that have the same definition) | The definition is case sensitive | (Optional) Image to display with the definition [Not displayed in Glossary, only in pop-up on pages] | (Optional) Caption for Image | (Optional) External or Internal Link | (Optional) Source for Definition |
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| (Eg. "Genetic, Hereditary, DNA ...") | (Eg. "Relating to genes or heredity") |  |
The infamous double helix | https://bio.libretexts.org/ | CC-BY-SA; Delmar Larsen |
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Word(s) |
Definition |
Image | Caption | Link | Source |
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| Sample Word 1 | Sample Definition 1 |
Outsourcing, Procurement, and Execution
🔹 A. Outsourcing & Strategy
Outsourcing
The practice of contracting external organizations to perform work traditionally done internally.
Context: In Project Reckon, architecture, development, and QA are outsourced to ZynoxDev.
Make vs Buy Decision
A strategic evaluation of whether to build a solution internally or procure it externally.
When It Matters: Determines long-term control, cost, and capability.
Core Competency
The organization’s primary strength that should remain internal.
Insight: Outsourcing should not weaken core competencies.
Vendor Dependency
Reliance on a vendor for critical capabilities or knowledge.
Risk: Loss of control and increased switching cost.
Strategic Alignment
Ensuring vendor capabilities match business objectives.
🔹 B. Procurement & Solicitation
Procurement
The process of acquiring goods or services from external vendors.
Solicitation
The process of requesting proposals from vendors (e.g., RFP).
Request for Proposal (RFP)
A formal document outlining project requirements, evaluation criteria, and expectations.
Statement of Work (SOW)
Defines scope, deliverables, timelines, and responsibilities in the contract.
Vendor Evaluation Matrix
A scoring framework used to compare vendor proposals.
Contract
A legally binding agreement between client and vendor.
Service Level Agreement (SLA)
Defines expected performance standards.
Fixed Price Contract
A contract where payment is predetermined regardless of effort.
Time and Materials (T&M)
A contract where payment is based on time spent and resources used.
🔹 C. Scope & Change Management
Scope
The defined work and deliverables of a project.
Scope Creep
Uncontrolled addition of features without formal approval.
Scope Drift
Gradual deviation from original scope due to accumulated changes.
Change Control
Formal process for approving or rejecting changes.
Change Request
A formal proposal to modify scope, cost, or schedule.
Change Order
An approved change that modifies the contract.
Backlog
A prioritized list of work items.
Backlog Reprioritization
Changing priorities of tasks, often during execution.
🔹 D. Planning & Baselines
Baseline
Approved reference for scope, schedule, and cost.
Work Breakdown Structure (WBS)
Hierarchical decomposition of project work.
Milestone
A key checkpoint in the project timeline.
Deliverable
A completed output of the project.
🔹 E. Execution & Performance
Execution
The phase where plans are implemented and work is performed.
Velocity
The rate of work completed in an iteration.
Variance
Difference between planned and actual performance.
Tolerance Threshold
Acceptable limit of variance before intervention.
Corrective Action
Action taken to restore performance alignment.
Preventive Action
Action taken to reduce future risk.
Performance Trend
Pattern of metrics over time (e.g., improving, declining).
🔹 F. Budget & Financial Management
Budget
Approved financial plan for the project.
Burn Rate
Rate at which project funds are being spent.
Cost Overrun
When actual cost exceeds budget.
Financial Drift
Gradual increase in cost due to small decisions.
Cost-Benefit Trade-off
Evaluating value gained versus cost incurred.
🔹 G. Quality & Technical Concepts
Defect
An error or flaw in the system.
Defect Density
Number of defects relative to system size.
Regression Defect
A previously fixed defect that reappears.
Test Coverage
Extent to which system functionality is tested.
Integration
Interaction between system components.
Concurrency
System performance under simultaneous operations.
🔹 H. Architecture & Technical Governance
Architecture
High-level system design structure.
Architectural Drift
Deviation from intended system design.
Technical Debt
Future cost resulting from suboptimal decisions.
Refactoring
Improving system structure without changing functionality.
🔹 I. Risk Management
Risk
An uncertain event that may affect project outcomes.
Risk Score
Likelihood × Impact.
Mitigation
Actions to reduce risk.
Residual Risk
Remaining risk after mitigation.
Risk Register
A log of identified risks and actions.
🔹 J. Vendor & Relationship Management
Vendor
External organization delivering project work.
Vendor Performance
Evaluation of vendor against expectations.
Vendor Pushback
Resistance to client direction.
Escalation
Raising an issue to higher authority.
Governance
Oversight structure ensuring alignment.
🔹 K. Stakeholders & Communication
Stakeholder
Any individual or group impacted by the project.
Stakeholder Expectation
What stakeholders believe the project will deliver.
Perception Risk
Risk of losing stakeholder confidence.
Executive Communication
Clear, structured communication to leadership.
🔹 L. Project Control Artifacts
Risk Log
Tracks risks across scenarios.
Change Log
Tracks all scope changes and decisions.
Budget Tracker
Tracks financial performance.
Project Dashboard
Visual summary of project health.
🔹 M. Decision-Making & Leadership
Trade-off
A decision involving competing priorities.
Decision Ownership
Accepting responsibility for outcomes.
Stabilization
Focusing on restoring system reliability.
Rollback
Reverting system to previous stable state.
Go / No-Go Decision
Decision to release or delay.
🔥 Final Key Concepts
Drift
The gradual loss of control across scope, cost, or schedule.
Control
Maintaining alignment with the baseline.
Execution Discipline
Consistent enforcement of processes and decisions.
Project Success
Not just delivery—but controlled, aligned, and sustainable delivery.