Project Management Terms Flashcards
What does it mean?
The process by which deliverables produced by the project are reviewed and accepted by the customer as meeting their specific requirements
in Project Management Knowledge Area
Acceptance Management
Project Management Guidge 2018
Method 123
What does it mean?
The process of identifying the milestones, criteria and standards for the acceptance of project deliverables by the customer
in Project Management Knowledge Area
Acceptance Planning
Project Management Guidge 2018
Method 123
What does it mean?
A document outlining the justification for the initiation of a project. It includes a description of the business problem (or opportunity), a list of the available solution options, their associated costs and benefits and a preferred option for approval
in Project Management Knowledge Area
Business Case
Project Management Guidge 2018
Method 123
What does it mean?
The process by which changes to the project scope, deliverables, timescales or resources are formally defined, evaluated and approved prior to implementation
in Project Management Knowledge Area
Change Management
Project Management Guidge 2018
Method 123
What does it mean?
The process by which formal communications messages are identified, created, reviewed and communicated within a project
in Project Management Knowledge Area
Communications Management
Project Management Guidge 2018
Method 123
What does it mean?
The process of identifying the type and regularity of information to be provided to all project stakeholders to keep them informed of the progress of the project
in Project Management Knowledge Area
Communications Planning
Project Management Guidge 2018
Method 123
What does it mean?
The process by which costs (or expenses) incurred on the project are formally identified, approved and paid
in Project Management Knowledge Area
Cost Management
Project Management Guidge 2018
Method 123
What does it mean?
A quantifiable outcome of the project which results in the partial (or full) achievement of the project objectives
in Project Management Knowledge Area
Deliverable
Project Management Guidge 2018
Method 123
What does it mean?
A logical relationship between two or more project activities. The four types of dependencies include: start-to-finish, start-to-start, finish-tostart, finish-to-finish
in Project Management Knowledge Area
Dependency
Project Management Guidge 2018
Method 123
What does it mean?
A document which identifies each of the solution options to a particular business problem (or opportunity) and assesses the likelihood of each option’s achieving the desired result
in Project Management Knowledge Area
Feasibility Study
Project Management Guidge 2018
Method 123
What does it mean?
The process of identifying the financial resources required to undertake the project. This includes a list of the types of costs to be incurred on the project (e.g. labor, equipment, materials and administration costs) and a schedule outlining when the respective costs are likely to be incurred
in Project Management Knowledge Area
Financial Planning
Project Management Guidge 2018
Method 123
What does it mean?
The process by which issues are formally identified, communicated, monitored and resolved
in Project Management Knowledge Area
Issue Management
Project Management Guidge 2018
Method 123
What does it mean?
Events which are currently affecting the ability of the project to produce the required deliverables
in Project Management Knowledge Area
Issue
Project Management Guidge 2018
Method 123
What does it mean?
A document which describes a particular role and its responsibilities within a project
in Project Management Knowledge Area
Job Description
Project Management Guidge 2018
Method 123
What does it mean?
The recognition of an important event within the project, usually the achievement of a key project deliverable
in Project Management Knowledge Area
Milestone
Project Management Guidge 2018
Method 123
What does it mean?
The process by which product is actually sourced from a preferred supplier, including the on-going management of the supplier relationship
in Project Management Knowledge Area
Procurement Management
Project Management Guidge 2018
Method 123
What does it mean?
The process of identifying the products to be sourced externally and the methods for acquiring them
in Project Management Knowledge Area
Procurement Planning
Project Management Guidge 2018
Method 123
What does it mean?
A good or service which is acquired from an external supplier to assist with the production of a project deliverable
in Project Management Knowledge Area
Product
Project Management Guidge 2018
Method 123
What does it mean?
A unique endeavor to produce a set of deliverables within clearly specified time, cost and quality constraints
in Project Management Knowledge Area
Project
Project Management Guidge 2018
Method 123
What does it mean?
A set of project tasks which usually results in the partial (or full) completion of a project deliverable
in Project Management Knowledge Area
Project Activity
Project Management Guidge 2018
Method 123
What does it mean?
A series of project phases which are undertaken in either sequential or parallel order
in Project Management Knowledge Area
Project Lifecycle
Project Management Guidge 2018
Method 123
What does it mean?
The skills, tools and management processes required to successfully undertake a project
in Project Management Knowledge Area
Project Management
Project Management Guidge 2018
Method 123
What does it mean?
The physical premises within which Project Administration staff (e.g. the Project Manager and support staff) reside
in Project Management Knowledge Area
Project Office
Project Management Guidge 2018
Method 123
What does it mean?
A set of project activities and tasks which usually result in the completion of a project deliverable
in Project Management Knowledge Area
Project Phase
Project Management Guidge 2018
Method 123
