PMQ terms and definitions Flashcards
Project
A unique, transient endeavour undertaken to bring about change and to achieve planned objectives
Project Management
The application of processes, methods, knowledge, skills, and experience to achieve specific objectives for changes
Programme
A unique, transient endeavour undertaken to achieve beneficial change and incorporating a group of related projects and business-as-usual (steady-state) activities
Programme Management
The coordinated management of projects and business-as-usual (steady-state) activities to achieve beneficial change
Portfolio
A collection of project and/programme used to structure and manage investments at an organisational or functional level to optimise strategic benefits or operational efficiency
Portfolio Management
The selection, prioritisation, and control of an organisation’s project and programmes in line with its strategic objectives and capacity to deliver
Life cycle
A framework comprising a set of distinct high-level stages required to transform an idea or concept into reality in an orderly and efficient manner.
Life cycles offer a systematic and organised way to undertake project-based work and can be viewed as the structure underpinning deployment.
Review
Project reviews take place throughout the project life cycle to check the likely or actual achievement of the objectives specified in the project management plan.
Sponsor
A critical role as part of the givernance board of any project, programme or portfolio. The sponsor is accountable for ensuring that the work is governed effectively and delivers the objectives that meet identified needs
Stakeholder
Individuals or groups who have an interest or role in the project , programme, or portfolio, or are impacted by it
Stakeholder Engagement
The systematic identification, analysis, planning and implementation of actions designed to influence stakeholders
Organisation Structure
The Organisational environment within which the project takes place. It defines the reporting and decision-making hierarchy of an organisation and how project management operates within it
Leadership
The ability to establish vision and direction, to influence and align others a common purpose, and to empower and inspire people to achieve success
Teamwork
A group of people working in collaboration or by cooperation towards a common goal
Context
A collective term for the societal and/or organisational setting of a project, programme or portfolio
Benefit
A positive and measurable impact of change. Benefits are based on outcomes
Outcome
The changed circumstances or behaviour that results from the use of an output and leads to realisation of benefits “The NEW way we do things around here”
Business Case
Provides justification for undertaking a project or programmme. It evaluates the benefit, cost and risk of alternative options and provides a rationale for the preferred solution
Requirements management
The process of capturing, assessing and justifying stakeholders’ wants and needs
Scope
The totality of the outputs, outcomes and benefits and the work required to produce them
Scope management
The process whereby outputs, outcomes and benefits are identified, defined and controlled
Scope of work
A description of the work to be accomplished or resources to be supplied
Scope statement
A documented description of the project that identifies th eproject boundaries, its output, approach and content. It is used to provide a documented bases to help make future project decisions and to confirm or develop a common understanding of the project’s scope by stakeholders
Configuration
The functional and physical characteristics of a product as defined in its specification and achieved through the deployment of project management plans
