Project Management Terminologies
Project: A temporary endeavor undertaken to create a unique product, service, or
result
Project Characteristic: Temporary & Unique, Definite start date and definite end
date, Duration of the project is finite
Project Management: Application of knowledge, skills, tools and techniques to
project activities to meet project requirements
Organisational Structure: Organisational Structures can be categorized as
spanning a spectrum from functional to projectized, with variety of matrix structures
in between
Project scope: Project scope is the part of project planning that involves
determining and documenting a list of specific project goals, deliverables, tasks,
costs and deadlines. The work that needs to be accomplished to deliver a product,
service, or result with the specified features and function
Product Scope: The features and functions that characterize a product, service, or
result
Deliverables: Deliverables is a project management term for the quantifiable
goods or services that will be provided upon the completion of a project
Milestone: A milestone is a hard and fast due date that represents a major
accomplishment during the course of the project that is being managed
Work Breakdown Structure, WBS: A work breakdown structure is a key project
deliverable that organizes the team's work into manageable sections
Work Packages: Sub-deliverables contain work packages that are assigned to a
organizations department or unit
Stakeholders : Persons or Organizations who are actively involved in the project or
whose interest may be positively or negatively affected by the performance or
completion of the project
Project Manager: Project manager is assigned to direct and manage project to
achieve the project objectives
Project Sponsor: A senior management role that typically involves approving or
supporting the allocation of resources for a venture, defining its goals and assessing
the venture's eventual success
Enterprise Environmental Factors: Enterprise Environmental Factor (EEF), refer
to both internal and external environment that surround or influences the projects
success
Organizational Process Assets, OPA: OPA influences project management
methods and the project successes. Includes formal plans, policies, procedures, and
guidelines
Organisational Culture and Style: Most organisations have developed a unique
and describable culture. These cultures are reflect in their shared values, norms and
expectations; in their policies and procedures; in their view of authority relationship
and other factors. Organisational cultures have a direct influence on the project.
Project Management Office, PMO: Identifying and developing project
management methodology, best practices and standards, Coaching, mentoring,
training and oversight, Managing shared resources across all projects administered
by PMO, Developing and managing project policies, procedures, templates, etc.
across projects
Qualities of a PM: Inspires a Shared Vision, Good Communicator, Integrity,
Enthusiasm, Empathy, Competence, Ability to Delegate Tasks, Cool Under Pressure,
Team-Building Skills, Problem Solving Skills
Project Charter: A document issued by the project initiator or sponsor that
formally authorizes the existence of a project, and provides the project manager
with the authority to apply organizational resources to project activities
P M Process Group: Initiating, Planning, Executing, Monitoring & Controlling,
Closing
Initiating Process Group: Deals with processes that are required to define a new
project or a new phase of an existing project
Planning Process Group: Establishes Project Scope, Refine Objectives, and Define
Course of Action Required to achieve Project Objectives
Execution Process Group: Processes that are required to be performed to
complete the work as defined in the project management plan to satisfy the project
specification
M & C Process Group: Processes that are required to be performed to track,
review, and regulate the progress and performance of the Project
Closing Process Group: Processes that are required to finalize all activities across
all Process Groups to formally Close the Project or Phase
PM Knowledge Areas: Project Integration Management, Project Scope
Management, Project Time Management, Project Cost Management, Project
Quality Management, Project Human Resource Management, Project
Communication Management, Project Risk Management, Project Procurement
Management, Project Stakeholder Management
Project Integration Management: Includes Processes and activities needed to
identify, define, combine, unify and coordinate the various process and project
Management activities
Project Scope Management: Include processes required to ensure that the
project includes all the work required and only the work required to complete the
project successfully.
Project Time Management: Include processes required to manage timely
completion of project
Project Cost Management: Includes processes involved in estimating, budgeting,
and controlling costs so that the project can be completed within the approved
budget
Project Quality Management: Include processes and activities of the performing
organization that determine quality policies, objectives, and responsibilities to that
the project will satisfy the needs
Project H R Management: Includes the processes that organize, manage, and
lead the project team
Project Communications Management: Includes the processes required to
ensure timely and appropriate generation, collection, distribution, storage, retrieval
and ultimate disposition of project information
Project Risk Management: Includes the Processes of conducting risk
management planning, Identification, analysis, response planning, and monitoring
and control on a project
Project Procurement Management: Includes the processes necessary to
purchase or acquire products, services, or results needed from outside the project
team to perform the work.
Project Stakeholder Management: Includes the processes required to identify
the people, who could impact or be impacted by the project, to analyze stakeholder
expectations and their impact on the project, and to develop appropriate
management strategies for effectively engaging stakeholders in project decisions
and execution
