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PM List 2
| Term | Definition |
|---|---|
| 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 |
| procurrement | 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:
kaitdonohue