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APM PFQ 7 S1

Glossary for APM Project Fundamentals Qualification

TermDefinition
Project A unique, transient endeavour undertaken to bring about change and to achieve planned objectives.
Project management The application of processes, methods, knowledge, skills and experience to achieve the project objectives.
Programme A unique, transient strategic endeavour undertaken to achieve beneficial change and incorporating a group of related projects and business-as-usual (steady-state) activities
Programme management The coordinated management of projects and business-as-usual (steady-state) activities to achieve beneficial change
Portfolio A collection of projects and/or programmes used to structure and manage investments at an organisational or functional level to optimise strategic benefits or operational efficiency
Portfolio management The selection, prioritisation and control of an organisation’s projects and programmes in line with its strategic objectives and capacity to deliver
PESTLE analysis A PESTLE analysis is a framework to analyse the key factors (Political, Economic, Social, Technological, Legal and Environmental) influencing an organisation from the outside. It offers professionals insight into the external factors impacting their organisation.
Business-as-usual An organisation's normal day-to-day operations.
Constraint A limitation or boundary imposed by senior management or some external authority
Created by: Sarah Ironmonger
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