Glossary of PM Terms
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- Objectives
- Predetermined results toward which effort is directed.
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- Organization Design
- The design of the most appropriate organizational design for a project. There are five basic kinds of organizational design: functional, coordination, balanced, second, and project.
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- Organizational Breakdown Structure (OBS)
- A hierarchical structure designed to pinpoint the area of an organization responsible for each part of a project.
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- Organizational Planning
- The process of identifying, assigning and documenting project responsibilities and relationships.
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- Original Budget
- The initial budget established at or near the time a contract was signed or a project authorized, based on the negotiated contract cost or management’s authorization.
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- Original Duration
- See Baseline Duration.
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- Other Direct Costs (ODC)
- A group of accounting elements which can be isolated to specific tasks, other than labor and material. Included in ODC are such items as travel, computer time, and services.
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- Out-of-Sequence Progress
- Progress that has been reported even though activities that have been deemed predecessors in project logic have not been completed.
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- Output Format
- In Open Plan, device-specific information that governs the final appearance of a report or drawing.
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- Over Target Baseline (OTB)
- A baseline which results from formal reprogramming of an overrun, used only with the approval of the customer.
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- Overall Change Control
- Coordinating changes across the entire network.
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- Overhead
- Costs incurred in the operation of a business which cannot be directly related to the individual products or services being produced. See also "Indirect Cost."
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- Overload
- The amount of required resources which exceeds the resource limit.
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- Overrun
- Costs incurred in excess of the contract target costs on an incentive type contract or the estimated costs on a fixed fee contract. An overrun is that value of costs which are needed to complete a project, over that value originally authorized by management.
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