PMP Definitions: V

Many of the words defined here have broader, and in some cases different, dictionary definitions. In some cases, a single glossary term consists of multiple words (e.g., root cause analysis).

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Definitions: V
Validate Scope The process of formalizing acceptance of the completed project deliverables.
Validation The assurance that a product, service, or result meets the needs of the customer and other identified stakeholders. Contrast with verification.
Variance A quantifiable deviation, departure, or divergence away from a known baseline or expected value.
Variance Analysis A technique for determining the cause and degree of difference between the baseline and actual performance.
Variance At Completion (VAC) A projection of the amount of budget deficit or surplus, expressed as the difference between the budget at completion and the estimate at completion.
Variation An actual condition that is different from the expected condition that is contained in the baseline plan.
Verification The evaluation of whether or not a product, service, or result complies with a regulation, requirement, specification, or imposed condition. Contrast with validation.
Verified Deliverables Completed project deliverables that have been checked and confirmed for correctness through the Control Quality process.
Virtual Teams Groups of people with a shared goal who fulfill their roles with little or no time spent meeting face to face.
Voice of the Customer A planning technique used to provide products, services, and results that truly reflect customer requirements by translating those customer requirements into the appropriate technical requirements for each phase of project product development.
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