Project Management

Constraint

A limiting factor that affects the execution of a project.

Stakeholders

An individual, group, or organization who may affect, be affected by or perceive itself to be affected by a decision, activity, or outcome.

Risk

An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.

Functional Organization

A hierarchical organization where each employee has one clear superior, staff are grouped by areas of specialization, and managed by a person with expertise in that area.

Matrix Organization

An organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and directing work of persons assigned to the project.

PMO

An organizational structure that standardizes the project related governance processes and facilitates the sharing of resources, methodologies, tools and techniques.

Business Case

Describes the necessary information from a business standpoint to determine if the project is worth the required investment.

Acceptance Criteria

Standards, rules, or tests by which a product, service, result, or process can be evaluated.

Stakeholder Analysis

Systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project.

Project Management

The application of knowledge, skills , tools, techniques to project activities to meet project requirements.

Budget

The approved estimate for the project or any work breakdown structure component or any schedule activity.

Culture

The beliefs, customs, arts, etc., of a particular society, group, place, or time.

PM Plan

The document that describes how the project will be executed, monitored, and controlled.

Lessons Learned

The knowledge gained during a project which shows how project events were addressed or should be addressed in the future with the purpose of improving performance.

Sponsor

The person or group who provides resources and support for the project and is accountable for enabling success for the project.

Monitoring and Controlling Processes

The process of tracking, reviewing, and reporting the progress to meet the performance objectives defined in the project plan.

DMAIC

(an acronym for Define, Measure, Analyze, Improve and Control) Refers to a data-driven improvement cycle used for improving, optimizing and stabilizing business processes and designs.

Quality

The degree to which a set of inherent characteristics fulfills requirements,

Communications Management Plan

A component of the project management plan that describes how, when, and by whom the information about the project will be administered and distributed.

Project Charter

A document issued by the project initiator or sponsor that formally authorizes the existence of a project/.

WBS

A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create required deliverables,

Stakeholder Register

A project document including the identification, assessment and classification of project stakeholders.

Milestone

A significant point or event in the project.

Stakeholder Management Plan

A subsidiary plan of the project management the defines the process, procedures, tools, and techniques to effectively engage stakeholders in project decisions and execution based on the analysis of their needs, interests, and potential impact.

Milestone Schedule

A summary-level schedule that identifies the major schedule milestones or significant points or events in the project.

Program

A temporary endeavor undertaken to create a unique product, service or result.

Project

A temporary endeavor undertaken to create a unique product, service, or result.

Portfolio Management

Aligns with organizational strategies by selecting the right projects, prioritizing work, and providing needed resources.

Stakeholder Identification

An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision activity or outcome of a project.

Deliverable

Any unique and verifiable product, result or capability to perform a service that is required to be produced to complete a process.

Executing Process

Complete the work defined to satisfy project specifications.

Requirements

Condition or capability that is required to be present in a product, service, or result to satisfy a contract or other formally imposed specification

Initiating Process

Define a project or a new phase by obtaining authorization.

Planning Process

Establish the project scope, refine objectives and define actions to attain objectives.

Assumptions

Factors in the planning purposes, that are considered to be true, real, or certain without proof or demonstration

Product Scope

Features and functions that characterize a product, services, or results.

Closing Process

Finalize all activities to formally close project or phase.

Statement of Work

Narrative description of products, services, or results to be provided by the project.

Quality Management

Process and activities of the performing organization that determine quality policies, objectives, and responsibilities so that the project will satisfy the needs for which it was undertaken.

Cost Management

Process involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.

Risk Management

Process of conducting risk management planning, identification, analysis, response planning, and control to increase the likelihood and impact of positive events and decrease the likelihood and impact of negative events in the project.

HR Management

Process that organize, manage, and lead the project team.

Scope Management

Process to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

Communications Management

Process to ensure timely and appropriate planning, collection, creation, distribution,storage, retrieval, management, control monitoring, and ultimate disposition of project information.

Stakeholder Management

Process to identify the people, groups, or organizations, that could impact or be impacted by the project, analyze their expectations and impact, and develop strategies for engaging them and managing conflicting interests.

Time Management

Process to process manage timely completion of the project.

Procurement Management

Process to purchase or acquire products, services, or results from outside the project team.

Portfolio

Projects, programs, portfolios, and operations managed as a group to achieve strategic business objectives.

Resources

Skilled human resources, equipment, services, supplies, or funds.

Project Life Cycle

The series of phases that a project goes through from its initiation to its closure

Scope

The sum of the products, services, and results to be provided as a project.

Norms

Ways of behaving that are considered normal in a particular society.

Project Scope

Work that must be performed to deliver a product, service, or result with specified features and functions.