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PM vocab 4

TermDefinition
Responsibility Obligation; activity, duty, action, or task
Risk A threat of damage, liability, loss, or other negative occurrence.
Role The function assumed, or part played by a person or thing in a particular situation; descriptive title or label
Scope The detailed set of deliverables or features of a project. These deliverables are derived from a project's requirements. Defines the boundaries of the project and what is outside those boundaries.
Stakeholder Persons or organizations who are actively involved or whose interest may affect a project.
Team Concept A business model based on the belief that people who work effectively in teams can accomplish more than individuals can accomplish working alone
Time Involves establishing a timeline for completion of the project, including deadlines, benchmarks, and milestones.
Tuckman's theory A social theory that states that groups move through predictable stages as they begin and carry out their work.
Business Case A document that explains why a project or task should be started, and what the benefits are for the company
Change Control Board A formal group of stakeholders responsible for reviewing. evaluating, approving, delaying, or rejecting changes to a project.
Created by: jag_07
 

 



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