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
CEO
Chief Executive Officer
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 Treasury
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
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