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1.06 PM
| Term | Definition |
|---|---|
| business operations | The day to day activities needed for continued business functioning |
| deliverable | the result a project is created to achieve |
| dynamic | changeable |
| feasible | reasonable; achievable |
| lessons learned document | a project and summary of what went well, what didn't go well, and how to improve in the future |
| 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 5th 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 3rd stage of the project management process ;includes carrying out the actual project work |
| project initiation | the 1st 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 element of a project |
| project manager | person responsible for overseeing all of the activities that are part of a project |
| project monitoring and controlling | the 4th stage of a project management process; includes making sure the project stays on track and making the appropriate corrective measures if it doesn't |
| project planning | the 2nd 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 risks 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 | a dynamic document that serves as the foundation of a project; includes goals, scope, deliverables, etc. |
| work breakdown structure | a doc the details the division of a project workload into smaller , more manageable parts |
Created by:
Ethan.r