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PM: List 1
| Term | Definition |
|---|---|
| Closing | Activities performed to finalize the project- to bring it to a conclusion and to meet contractual obligations. |
| Communication | a 2 way process of reaching mutual understanding in which participants not only exchange information, but also create and share meaning |
| composite organization | an organizational structure that blends the functional, matrix, and projectized types of organizations. |
| cost | the amount of money that will be required to complete the project successfully |
| enterprise environmental factors | internal and external environmental factors that surround or influence a project's success |
| executing | activities performed to carry out and complete work as defined in the project management plan |
| expert judgement | expertise sought from groups or individuals with specialized training or knowledge |
| functional organization | a type of business structure that organizes employees into departments based on their areas of expertise or roles |
| group dynamics | the process involved when people in a group interact with each other |
| human resources | the knowledge, skills, values, and attitudes of those working on the project |
| initiating | defines a new project or new phase of an existing project |
| matrix organization | a type of business structure that is led by both functional and project managers and where employees report to more than 1 manager |
| monitoring and controlling | activities performed to track, review, and regulate the execution of the project |
| operations management | managing the ongoing/daily activities of a business |
| organizational structure | the hierarchical arrangement of lines of authority, communications, rights, and duties of an organization |
| planning | establishes the total scope and order of the project |
| project management body of knowledge (PMBOK) | the standard for managing most projects most of the time across many different industries |
| portfolio management | a collection of projects or programs and other work that are grouped together to facilitate effective management of that work |
| procurement | the way that businesses and organizations purchase or obtain goods or services |
| program management | a group of related projects managed in a way to obtain benefits and control not available from managing them individually |
| program management | organizational body that is assigned various responsibilities related to the centralized and coordinated management projects |
| project | A temporary endeavor undertaken to create a unique product, service, or result |
| project management | participation of planning, organizing and managing resources to bring out the successful completion of a project, namely, achieving its goals and objectives |
| project manager | The person assigned by the performing organization to achieve the project goals |
| project team member | The staff who actively work on the project at some stage during the lifetime of the project |
| project sponsor | The person who commissions others to complete the project and champions the cause throughout the project |
| projectized organization | A type of business structure that organizes teams by project with each project led by a project manager |
| qualitative | associated with the subjective quality of a thing or phenomenon cannot be measured |
| Quality | The ability of a process or product to satisfy, both stated and implied needs with those needs being defined by the stakeholders |
| quantitative | relating to measuring or measured by the quantity data drive information |
Created by:
kaitdonohue