Definitions Flashcards
Project:
A temporary endeavor undertaken to create a unique product, service, or result
Project Management:
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements
Program:
A group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually.
Portfolio:
Projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives
Process:
A systematic series of activities directed towards causing an end result such that one or more inputs will be acted upon to create one or more outputs.
Organizational Project Management: (OPM):
A strategy execution framework utilizing project, program, and portfolio management as well as organizational enabling practices to consistently and predictably deliver organizational strategy producing better performance, better results, and a sustainable competitive advantage
Progressive Elaboration:
The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.
Stakeholder:
An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project
Sponsor:
A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success
PMO:
An organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques
Functional Manager:
Someone with management authority over an organizational unit within a functional organization. The manager of any group that actually makes a product or performs a service. Sometimes called a line manager
Organizational Process Assets:
Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization
Enterprise Environmental Factors:
Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio
Work Performance Data:
The raw observations and measurements identified during activities being performed to carry out the project work. – CREATED IN EXECUTION
Work Performance Information:
The performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas. – CREATED IN M&C
Work Performance Reports:
The physical or electronic representation of work performance information compiled in project documents, intended to generate decisions, actions, or awareness. – CREATED IN M&C; DELIEVRED IN EXECUTION
Tenants of PMI Talent Triangle
Technical Project Management, Leadership, and Strategic and Business Management
Project Statement of Work:
A narrative description of products, services, or results to be delivered by the project.
Product Scope
The features and functions that characterize a product, service, or result
Business Case:
A documented economic feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities.
Agreements:
Any document or communication that defines the initial intentions of a project. This can take the form of a contract, memorandum of understanding (MOU), letters of agreement, verbal agreements, email, etc.
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.
Project Baseline:
The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.
Corrective Action:
An intentional activity that realigns the performance of the project work with the project management plan.
Preventative Action:
An intentional activity that ensures the future performance of the project work is aligned with the project management plan
Defect Repair:
An intentional activity to modify a nonconforming product or product component.
Configuration Management:
Describes how the information about the items of the project (and which items) will be recorded and updated so that the product, service, or result of the project remains consistent and/or operative.
Deliverable:
Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project
