Managing Successful Programmes (MSP) Dictionary of Terms

Managing Successful Programmes (MSP®) is a set of principles for managing a program of work provided by the global best practice company Axelos (formally provided by the OGC). MSP is a framework of principles and processes designed to deliver "successful outcomes from organisational change". It is designed to be flexible rather than perscriptive and can be adapted for industry, program type etc. It is used by private and public sector companies to manage and deliver on large change programs. View the Agile Dictionary, ITIL Dictionary. Full PRINCE2 glossary of terms. See also Risk Management Dictionary.

A - B - Aggregated risk to Business Operational Stability | C - I - Capability to Issue Resolution Strategy | L - P - Leadership to Proximity | Q - R - Quality to Role | S - V - Senior Responsible Owner to Vision Statement | MSP Acronyms

Acronyms BCM to SWOT

BCM

Business continuity management

BCP

Business continuity plan

BCPG

Business Continuity Planning Guide produced by UK government property advisers (now part of OGC)

BIA

Business Impact Analysis

BIR (BCPG)

Business Impact Review

BSI

British Standards Institution

CCTA

Central Computer and Telecommunications Agency, one of the organizations that was merged to form OGC

COTS

Commercial Off The Shelf

CPM

Critical path method

CRAMM

A risk analysis and management method developed by the UK government to protect IT systems/services

HAZOP

A risk assessment method standing for 'hazard and operability analysis, Risk Registers and databases'

HSE

Health and Safety Executive

IC (BCPG)

Incident Control

ICAEW

Institute of Chartered Accountants of England and Wales

ILGRA

Interdepartmental Liaison Group for Risk Assessment, secretariat provided by HSE

IS

Information System

IT

Information Technology

ITIL®

The OGC IT Infrastructure Library, a set of guides on the management and provision of operational IT services

LCC

Lifecycle Costings

M_o_R®

Management of Risk (the brand name for this guidance)

MSP®

Managing Successful Programmes

N/A

Not Applicable

NAO

National Audit Office (UK government body)

OGC

Office of Government Commerce, part of HM Treasuryn now defunct.

PERT

Programme Evaluation and Review Technique

PESTLE

Analysis of political, economic, social, technological, legal, environmental factors

PFI

Private Finance Initiative

PPM

Project Profile Model

PRINCE2TM

The standard UK government method for project management that provides a process-based framework for setting up and controlling projects; the acronym stands for 'projects in controlled environments'

PSO

Programme or Project Support Office

RAG status

Flag that can be used to indicate status of the exposure of a risk, the status of which is denoted by color – red, amber or green

ROCE

Return On Capital Employed

RPA

Risk Potential Assessment

SRO

Senior Responsible Owner

SRP

Summary Risk Profile

SWOT

Analysis of strengths, weaknesses, opportunities and threats within the given situation.

Download an Excel SWOT Analysis template.

Download a Stakeholder SWOT template

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