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1.06 nature of proje
| 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 and achievable |
| governance mechanism | rule or regulation used to ensure that a project stays on track and meets its requirement |
| lessons-learned document | a project-end 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 sponsors 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 3rd stage of project management process includes carrying out the actual project work |
| project management | the skills tools and processes used to plan execute and control the elements of a project |
| 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 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 measures 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 | a business endeavor that involves the research and development of new knowledge new processes new technologies |
| risk analysis | an assessment of a projects 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 projects outcome |
| SOW | a dynamic document that serves as the foundation of a project includes goals scope deliverables |
| WBS | a document that details the division of a project workload into smaller more manageable parts. |
Created by:
CohenB
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