Page 90 - VYSNOVA PROGRAM MANAGEMENT GUIDE 2020

ANNEX K: Glossary
A Rate Adjustment is when it is noticed throughout the year that the
Provisional Rate may need to be looked at and adjusted due to increase or
decrease in work performed during the year. If this is the case the Controller
will update the company budget and request an update Provisional Rate and
Indirect Rate once submitted the invoices and Project Status reports are updated year to
Adjustments
date with the new established rates. A rate adjustment invoice will be
produced to give back or bill addition rate adjustment. Rate adjustments are
usually done after the year has been completed and an Actual Rate has been
established.
Document used by suppliers of goods and services to specify the type and
Invoice
price of goods or services.
Vysnova's IT department help desk physically located in Puerto Rico and
IT Help Desk accessible by email itrequests@vysnova.com
Learning Management
System an online platform on which all training is created, accessed, and tracked
Permanent inventory is all non-expendable goods, such as vehicle
equipment and furniture purchased or acquired for the implementation of
Non-Expendable Items project activities. These goods are expected to last more than one year.
A clear, concise statement about what an activity is meant to accomplish.
Objectives are written to be SMART: specific, measurable, achievable,
realistic, and time-bound. A successful project meets all its stated
Objective objectives.
Cost associated with Capture management, offices where project work is
Overhead performed and its expenses, insurance for non-corporate and equipment used
by project staff. Cost are part of overhead cost pool
Vysnova's program management guide developed for Program Managers
to prepare them to begin Vysnova's best practices of program
PM Guide management on Day 1 of program execution
PMBOK (Project the entire collection of processes, best practices, terminologies, and
Management Body of guidelines that are accepted as standards within the project management
Knowledge) industry.
Posting Journal A journal within the accounting system that recognizes the type of entry.
A collection of complementary projects forming a connected package of
Program work
A program manager has formal authority to manage a portfolio of projects
and is responsible for meeting all its objectives. They oversee, at a high
level, all projects within a program and regularly report to the COO on the
Program Manager status of those projects.
Activity funded by the client and implemented by Vysnova toward the
Project
achievement of specified goals and objectives.
A temporary, goal-driven effort to create a unique output. A project has
clearly defined phases, and its success is measured by whether it meets its
Project stated objectives.
A Project charter is a document that details the scope, organization, and
objectives of a project. It is typically created by a project manager and
Project charter agreed to and acknowledged by all team members.
Codes used by Vysnova headquarters to identify a project. Project codes have
Project Code
different levels.
Copyright 2020 Vysnova Partners Inc. All rights reserved.

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