Enterprise resource planning (ERP)

Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.

PAR - SAL

Pardot - Pardot is a software as a service (SaaS) marketing automation platform by SalesForce offering email automation, targeted email campaigns and lead management for B2B sales and marketing organizations.
Pareto chart (Pareto distribution diagram) - A Pareto chart, also called a Pareto distribution diagram, is a vertical bar graph in which values are plotted in decreasing order of relative frequency from left to right.
Pareto principle - The Pareto principle, also known as the 80/20 rule, is a theory maintaining that 80 percent of the output from a given situation or system is determined by 20 percent of the input.
Parkinson's law - Cyril Northcote Parkinson observed that "work expands so as to fill the time available for its completion" in a 1955 essay published in "The Economist" based on his experience in the British Civil Service.
Parkinson's law of triviality (bikeshedding) - Parkinson's law of triviality is an observation about the human tendency to devote a great deal of time to unimportant details, while crucial matters go unattended.
partner - A partner is a member in a partnership, an entity in which both the profits or losses of a business or other venture are shared between all members.
partner account manager (PAM) - A partner account manager is a job title within a vendor organization that uses channel partners to sell its products or services.
partner program - A partner program, which may also be referred to as channel partner program or alliance program, is a business strategy that vendors develop to encourage others to work with the vendor and sell its products or services.
partner relationship management (PRM) - Partner relationship management (PRM) is a combination of the software, processes and strategies companies use to streamline business processes with partners that sell their products.
passive candidate - A passive candidate (passive job candidate) is anyone in the workforce who is not actively looking for a job.
paternalistic leadership - Paternalistic leadership is a managerial approach that involves a dominant authority figure who acts as a patriarch or matriarch and treats employees and partners as though they members of a large, extended family.
people analytics (HR analytics) - People analytics, also known as human resources (HR) analytics and talent analytics, is the use of data analysis on candidate and employee issues to understand their effect on business goals and evaluate the effectiveness of HR initiatives.
percent increase - percent decrease - Percent increase and percent decrease are measures of percent change, which is the extent to which a variable gains or loses intensity, magnitude, extent, or value.
personally identifiable information (PII) - Personally identifiable information (PII) is any data that could potentially identify a specific individual.
PICK chart (Possible, Implement, Challenge and Kill chart) - A PICK chart (Possible, Implement, Challenge and Kill chart) is a visual tool for organizing ideas.
pick to light - Pick to light is order fulfillment technology that employs alphanumeric displays and buttons at storage locations to guide the manual picking and recording of items for shipment.
pigs and chickens - Pigs and chickens is an analogy used in the Scrum software development model to define the type of role an attendee can play at a daily scrum meeting.
planogram - A planogram is a diagram that shows how and where specific retail products should be placed on retail shelves or displays to increase customer purchases.
PMO (project management office) - A project management office (PMO) is a group, agency or department that defines and maintains the standards of project management for a company.
poka-yoke - A poka-yoke is a mechanism that is put in place to prevent human error.
Pomodoro Technique - The Pomodoro Technique is a time management method based on 25-minute stretches of focused work broken by five-minute breaks.
positioning statement - A positioning statement is an expression of how a given product, service or brand fills a particular consumer need in a way that its competitors don’t.
power usage effectiveness (PUE) - Power usage effectiveness (PUE) is a metric used to determine the energy efficiency of a data center.
Predictive Index (PI) - The Predictive Index (PI) is often used for employee profiling.
predictive modeling - Predictive modeling is a mathematical process used to predict future events or outcomes by analyzing patterns in a given set of input data.
press kit - A press kit is an information package provided for members of the media to promote events, organizations, products or candidates.
private sector - The private sector is the part of a country's economic system that is run by individuals and companies, rather than a government entity.
process innovation - Process innovation refers to a change in an existing operation or product that creates significant value for an organization.
process intelligence (business process intelligence) - Process intelligence is data that has been systematically collected to analyze the individual steps within a business process or operational workflow.
process manufacturing - Process manufacturing is a production method in which goods are created by combining supplies, ingredients or raw materials using a predetermined formula or recipe.
process mining software - Process mining software is a type of programming that analyzes data in enterprise application event logs in order to learn how business processes are actually working.
procure to pay (P2P) - Procure to pay is the process of requisitioning, purchasing, receiving, paying for and accounting for goods and services.
procurement card - A procurement card is a type of company charge card used in making smaller purchases for greater cost efficiency, control and convenience.
Producer Price Index (PPI) - The Producer Price Index (PPI) is an economic measurement of the average change in prices that domestic producers of goods receive for their products in a given country or region.
product as a service - Product as a service is the concept of selling the services and outcomes a product can provide rather than the product itself.
product owner - A product owner is a role on a Scrum team that is accountable for the project's outcome.
production planning - Production planning is the act of developing a guide for the design and production of a given product or service.
professional services - A professional service is an intangible product that a contractor or product vendor sells to help a customer manage a specific part of their business.
professional services automation (PSA) - Professional services automation (PSA) is a type of software application suite that provides a service business with the functionality it needs to manage core business processes.
profit and loss statement (P&L) - A profit and loss statement (P&L), also known as an income statement, is a financial report that shows a company's revenues and expenses over a given period of time, usually a fiscal quarter or year.
project charter - A project charter is a formal short document that states a project exists and provides project managers with written authority to begin work.
project constraint - A constraint in project management is any restriction that defines a project's limitations.
Project planning: What is it and 5 steps to create a plan - Project planning is a discipline addressing how to complete a project in a certain timeframe, usually with defined stages and designated resources.
project scope - Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.
proof of concept (POC) - A proof of concept (POC) is a demonstration of a product in which work is focused on determining whether an idea can be turned into a reality.
prototyping model - The prototyping model is a systems development method in which a prototype is built, tested and then reworked as necessary until an acceptable outcome is achieved from which the complete system or product can be developed.
PTO (paid time off, personal time off) - Paid time off (PTO) is a human resource management (HRM) policy that provides employees with a pool of bankable hours that can be used for any purpose.
public sector - The public sector is the segment of an economic system that is controlled by government; it contrasts with the private sector, which is run by private citizens.
public-private partnership (PPP) - A public-private partnership (PPP) is a funding model for public infrastructure projects and initiatives such as a new telecommunications system, public transportation system, airport or power plant.
purchase intent - Purchase intent is the probability that a consumer will buy a product or service.
pure risk - Pure risk refers to risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.
quality control (QC) - Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer.
quality of experience (QoE or QoX) - Quality of experience (QoE or QoX) is a measure of the overall level of a customer's satisfaction and experience with a product or service and the vendor that's providing that product or service.
radical innovation - Radical innovation is an invention that destroys or supplants an existing business model.
rainmaker - A rainmaker is an individual who generates an unusually high amount of revenue for an organization by bringing new clients and new business to the company.
Real time gross settlement (RTGS) - Real Time Gross Settlement (RTGS) is an electronic form of funds transfer where the transmission takes place on a real time basis.
reality check - A reality check is a second opinion, either requested or provided voluntarily, about the status of some current situation.
rebranding - Rebranding is an update of the materials and presentation used to represent a business.
recruitment - Recruitment is the process of finding, screening, hiring and eventually onboarding qualified job candidates.
recruitment process outsourcing (RPO) - Recruitment process outsourcing (RPO) is when an employer turns the responsibility of finding potential job candidates over to a third-party service provider.
red herring - A red herring is a logical fallacy in which irrelevant information is presented alongside relevant information, distracting attention from that relevant information.
remote deposit capture (RDC) - Remote deposit capture (RDC) is a system that allows a customer to scan checks remotely and transmit the check images to a bank for deposit, usually via an encrypted Internet connection.
remote office/branch office (ROBO) - A ROBO is a smaller office than the company headquarters and located in another town, state or country.
remote terminal unit (RTU) - A remote terminal unit (RTU) is a microprocessor-based electronic device used in industrial control systems (ICS) to connect various hardware to distributed control systems (DCS) or supervisory control and data acquisition (SCADA).
replenishment - Replenishment is the controlled and regular movement of inventory from an upstream point on the supply chain to a downstream location that requires sufficient stock to cover demand.
Request for Offer (RFO) - A Request for Offer (RFO) is a document an organization issues to solicit bids or proposals from potential suppliers for goods or services.
requisition - A requisition, in procurement, is a request for goods or services made by an employee to the person or department in a company that is responsible for purchasing.
reshoring - Reshoring is the practice of bringing outsourced personnel and services back to the location from which they were originally offshored.
residual risk - Residual risk is the risk that remains after efforts to identify and eliminate some or all types of risk have been made.
resource allocation - Resource allocation is the process of assigning and managing assets in a manner that supports an organization's strategic planning goals.
Respect for People principle - Continuous Improvement (CI) and Respect for People are the two foundational principles of the Toyota Way, the company's business management guide.
Results-Only Work Environment (ROWE) - A Results-Only Work Environment (ROWE) is one in which the most important criteria for evaluating employee performance is the completion of satisfactory work on time.
return on equity (ROE) - Return on equity (ROE) is a measure of a company’s financial performance that shows the relationship between a company’s profit and the investor’s return.
return on marketing investment (ROMI) - Return on marketing investment (ROMI) is a metric used to measure the overall effectiveness of a marketing campaign to help marketers make better decisions about allocating future investments.
revenue attribution - Revenue attribution is the process of matching customer sales to specific advertisements in order to understand where revenue is coming from and optimize how advertising budgets are spent in the future.
revenue cycle management (RCM) - Revenue cycle management (RCM) is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance.
revenue operations (RevOps) - Revenue operations (RevOps) is the strategic integration of sales, marketing and service departments to provide a better end-to-end view to administration and management, while leaving day-to-day processes within the departments.
reverse logistics - Reverse logistics is the set of activities that is conducted after the sale of a product to recapture value and end the product's lifecycle.
RFI (request for information) - An RFI (request for information) is a formal process for gathering information from potential suppliers of a good or service.
risk assessment framework (RAF) - A risk assessment framework (RAF) is a strategy for prioritizing and sharing information about the security risks to an information technology (IT) infrastructure.
risk avoidance - Risk avoidance is the elimination of hazards, activities and exposures that can negatively affect an organization and its assets.
risk exposure - Risk exposure is the quantified potential loss from business activities currently underway or planned.
risk map (risk heat map) - A risk map (risk heat map) is a data visualization tool for communicating specific risks an organization faces.
risk profile - A risk profile is a quantitative analysis of the types of threats an organization, asset, project or individual faces.
risk-reward ratio - The risk-reward ratio is a mathematical calculation used by investors to measure the expected gains of a given investment against the risk of loss.
ROI (return on investment) - Return on investment, or ROI, is a mathematical formula that investors can use to evaluate their investments and judge how well a particular investment has performed compared to others.
role mining - Role mining is the process of analyzing user-to-resource mapping data to determine or modify user permissions for role-based access control (RBAC) in an enterprise.

IOT - PAR

SAL - TRA