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1.06
Project Management
| Term | Definition |
|---|---|
| Business Operations | the day-to-day activities needed for continued business functioning |
| Deliverable | the result a project is created to achieve |
| Feasible | changeable |
| Governance Mechanism | reasonable; achieve |
| Lessons-learned document | rule or regulation used to ensure that a project stays on track and meets its requirements |
| Project | a short-term undertaking that creates a unique good or service |
| project champion | a project's sponsor; a person who has the ability and authority to assist the project manager in getting the job done |
| project charter | a formal document that officially authorizes a project to get underway |
| project close | the fifth stage of the project management process; includes wrapping up the project, delivering the end product, and documenting lessons learned |
| project creep | a problem wherein the scope of a project keeps getting bigger and bigger |
| project execution | the third stage of the project management process; includes carrying out the actual project work |
| project initiation | the first stage of the project management process; includes all of the activities required for starting up a new project, such as creating a statement of work and a project charter |
| project management | the skills, tools, and processes used to plan, execute, and control the elements of a project |
| project manager | person responsible for overseeing all of the activities that are part of a project |
| project monitoring and controlling | the fourth stage of the project management process; includes making sure the project stays on track and making the appropriate corrective measure if it doesn't |
| project planning | the second stage of the project management process; includes determining how all parts of the project will be accomplished, including, creating the work breakdown structure |
| R&D project | a business endeavor that involves the research and development of new knowledge, new processes, new technologies, etc. |
| risk analysis | an assessment of a project's potential risk and challenges, performed by project managers to better prepare for minimizing the effects |
| scope | what a project will and will not include |
| stakeholder | a person who has an interest or investment in a project's outcome |
| statement of work (SOW) | a dynamic document that serves as the foundation of a project; includes goals, scope, deliverables, etc. |
| Work breakdown structure (WBS) | a document that details the division of a project workload into smaller, more manageable parts |
Created by:
maydrin.r559
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