Defines a new project or a new phase of an existing project

A type of business structure that is led by both functional and project managers and where employees report to more than 1 manager.

Monitoring & 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.

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 types of industries.

A collection of projects or programs and other work that are grouped together to facilitate effective management of that work.

The way that businesses and organizations purchase or obtain goods or services.

A group of related projects managed in a way to obtain benefits and control not available from managing them individually.

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pm vocab 2

Term	Definition
Initiating	Defines a new project or a 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 & 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 types of 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.

Created by: jag_07

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