Business English Vocabulary - Project Management (Part 2)

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    Business English Vocabulary - Project Management (Part 2) - Presentation Transcript

    1. Video Vocab .com Text
    2. Projects 2 Text
    3. study method Hear the words in context. Study the meaning of the words and see examples of how they can be used. Practice your new vocabulary. Text
    4. introduction The field of scientific management has developed several tools for helping large and complex projects succeed. These include the use of a baseline budget and schedule, along with visual aids that show details of the plan. Text
    5. introduction These diagrams, such as the Gantt chart, usually indicate the overall timeframe of a project, as well as lead times, deadlines and milestones for each task and the dependency relationships be t ween different tasks. Text
    6. introduction One key concept is the critical path: the longest sequence of tasks that must be completed in sequence, with no time overlap. The PERT chart provides a visual representation of this constraint, allowing project managers to calculate the minimum time needed to complete a project. Text
    7. study Text
    8. schedule A set of target dates for completing elements of a project. Text
    9. example: “The schedule requires us to complete the first phase by January 1.” Text
    10. to schedule Schedule can also be used as a verb, meaning to prepare a schedule or to choose a time for an event. Text
    11. example: “Richard has scheduled a meeting for all department heads on Wednesday morning at 10:00.” Text
    12. schedule Common collocations: Text 1. on schedule Progress according to the original plan. Text
    13. schedule Common collocations: 2. behind schedule Failure to keep up with the planned schedule. Text
    14. example: “We could face penalties if we don’t keep on schedule.” Text
    15. example: “The cont ractors are running several weeks behind schedule due to poor weather conditions.” Text
    16. timeframe The period of time in which a project or one phase of a project is meant to be completed. Text
    17. time frame Timeframe is usually written as one word, but can be written as t wo: time frame Text
    18. example: “The timeframe for this project is quite tight as we only have t wo months to complete the design phase.” Text
    19. to kick off An idiomatic expression meaning ‘to start’. Can also be used as a noun: kickoff. Text
    20. example: “We kicked off the new project with a meeting for all stakeholders.” Text
    21. example: “The kickoff is scheduled for 10 October. ” Text
    22. to give the green light To give permission for a project to begin. Text
    23. example: “The commission has given the green light for a wind farm development.” Text
    24. lead time The time bet ween making a request and receiving the results. Text
    25. lead time Often used to refer to the time bet ween placing an order and receiving delivery. Text
    26. example: “We have a large backlog of orders, so our lead time has risen from 15 days to nearly 30 days.” Text
    27. to execute To perform or accomplish a specif ic task . Text
    28. example: “We need to execute each phase of this project according to schedule or we’ll be facing series delays.” Text
    29. stage / phase project Text
    30. stage / phase A specific time period assigned for one element (part) of a project. Text
    31. stage / phase In most cases, each stage will end with the completion of a deliverable. Text
    32. example: “In the second phase, marketing will work with our research team to build new features based on customer feedback.” Text
    33. milestone A critical event during the life of a project, usually the accomplishment of a project deliverable. Text
    34. example: “Comple ting all documentation is a key mile stone for most soft ware development projects.” Text
    35. constraint A restriction or limitation that influences the project plan. Text
    36. constraint For example, a target date may be a constraint on the scheduling of a project. Text
    37. example: “There are t wo key constraints on the scope of this project: it needs to be completed in less than six months and within budget.” Text
    38. critical path The sequence of activities that must be completed on time for the entire project to finish on schedule. Text Text
    39. example: “The critical path for this product launch involves market research, followed by product development and testing.” Text
    40. deadline The latest time or date by which something should be completed. Text
    41. example: “The deadline to apply for these new positions is next Friday. ” Text
    42. dependency relationship A relationship bet ween t wo elements of a project, ... Text
    43. dependency relationship requiring one to be started or finished before another can begin. Text
    44. example: “There’s a clear dependency re l at io n shi p be t we e n planning and budgeting, since the plans have to be finished before we can calculate our materials costs.” Text
    45. PERT chart A tool used to schedule, organize and coordinate tasks within a project. Text
    46. example: “A PERT chart specifies the sequence of tasks in a project, and the time required to execute each one.” Text
    47. Gantt chart A bar chart that shows the overlapping timing of acti v itie s involved in a project, Text
    48. Gantt chart and some time s also shows the relationship be t ween them. Text
    49. example: “According to the project’s Gantt chart, we should complete our fundraising on or before 15 June.” Text
    50. work breakdown structure (WBS) Text A tree-like structure of tasks that need to be performed to complete a project. Text
    51. work breakdown structure (WBS) The WBS is of ten used as a project management tool. Text
    52. example: “Creating a WBS might help us identify the major cost items for this project. ” Text
    53. example: “Creating a WBS might help us identify the major cost items for this project. ” Text
    54. practice Now, it’s your turn to practice Text
    55. example For example, if you hear… We <beep> off the new project with a meeting of for all stakeholders. Text
    56. example You should say ... We kicked off the new project with a meeting of for all stakeholders. Text
    57. get ready to speak Text
    58. question 1 There’s no flexibility in the <beep> for completing site work, since our subcontractors have other commitments this year. Text
    59. answer 1 There’s no flexibility in the deadline for completing site work, since our subcontractors have other commitments this year. Text
    60. question 2 Finishing the market research was the first <beep> in the launch of our new product. Text
    61. answer 2 Finishing the market research was the first milestone in the launch of our new product. Text
    62. question 3 We’ve been researching this merger for several months now, but it was only last week that we got the <beep> from our CEO. Text
    63. answer 3 We’ve been researching this merger for several months now, but it was only last week that we got the green light from our CEO. Text
    64. question 4 The strike has caused us to fall behind <beep> in filling orders for the third quarter. Text
    65. answer 4 The strike has caused us to fall behind schedule in filling orders for the third quarter. Text
    66. question 5 We’re looking at a <beep> of about 18 months to execute the re-branding strategy. Text
    67. answer 5 We’re looking at a timeframe of about 18 months to execute the re-branding strategy. Text
    68. Part iii ...coming soon Text
    69. Visit the website to watch and download more vocabulary videos. .com

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