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APMPFQ_Terminology_1

Section 1: Environment

TermDefinition
Health and safety management The process of identifying and minimising threats to workers and those affected by the work throughout the project, programme or portfolio life cycle.
Business-as-usual An organisation's normal day-to-day operations.
PRINCE2® An acronym standing for PRojects IN Controlled Environments (second version). It is intended to be generic. (®AXELOS Limited)
Project A unique, transient endeavour undertaken to achieve planned objectives.
Project management The application of processes, methods, knowledge, skills and experience to achieve the project objectives.
Setting The relationship of the project, programme or portfolio with its host organisation.
Programme A group of related projects and change management activities that together achieve beneficial change for an organisation.
Programme management The coordinated management of projects and change management activities to achieve beneficial change.
Portfolio A grouping of an organisation's projects, programmes and related business-as-usual activities taking into account resource constraints. Portfolios can be managed at an organisational, programme or functional level.
Portfolio management The selection, prioritisation and control of an organisation’s projects and programmes in line with its strategic objectives and capacity to deliver.
Context A collective term for the governance and setting of a project, programme or portfolio.
Environment The circumstances and conditions within which the project, programme or portfolio must operate.
Created by: Sarah Ironmonger
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