Chapter 1 Key terms Flashcards
Benchmarking
Systematically manage the process improvements of project delivery by a single organization over a period of time
Client acceptance
Clients’ satisfaction with the completed project
Clients
Can be internal or external to the organization
Budget
Key constraints for all projects
Deliverables
project goals, define the nature of both the project and its team
Performance
Means to determining whether the finished product operates according to specifications
Process
ongoing day-day activities in which an organization engages while producing goods or services
Project
Distinct from other organizational processes
Project life cycle
Stages in a project’s development
Project management
Describes the sum of knowledge within the profession of project management.
Project management maturity models
Are used to allow organizations to benchmark the best practices of successful project management firms
Project success
Must take into consideration the elements that define the very nature of a project: Time, Budget, Performance
Stakeholders
Person or organization actively involved in the project.
Time
Period during which they must be completed
Triple constraint
The standard by which project performance was routinely assessed.
