Project
A project is a temporary endeavor undertaken to create a unique product, result, or service. A project differs from a process in that a process represents an operation performed repeatedly to sustain the business.
Project Management
Project Management consists of the methods and tools used to deliver a project that meets stated objectives.
Triple Constraint
The Triple Constraint
consists of three general objectives all projects have: meeting the
scope (including quality criteria of the deliverables), meeting time
constraints, and meeting cost boundaries. They must always be kept in
balance with each other.
Project Life Cycle
The Project Life Cycle consists of the phases that projects experience over their life: Initiation, Planning, Execution, and Closing.
Project Manager
A Project Manager is the person responsible for
managing the project and leading the team to successful completion.
Project Managers are integrators that not only need to be skilled in
Project Management techniques and tools, but also must have leadership
skills.
Project Team
The project team is composed of individuals who are
properly skilled, allocated to optimize project efficiency and
effectiveness, and physically located where they can have the most
value.
Project Management Office
A Project Management Office is a specific organizational or management structure designed to support the organization's Project Managers and projects.
Project Charter
A Project Charter describes the project, its business case, requirements, risks, Stakeholders, and measurable objectives in sufficient detail that senior management can authorize expenditures, personnel, and time for the project.
Project Sponsor
A Project Sponsor is engaged as an enabler for the project by providing whatever support necessary to ensure the success of the project.
Work Breakdown Structure
A Work Breakdown Structure is a deliverable-oriented
grouping of project components (results) that organizes and defines the
total scope of the work. Work not in the WBS and Activity List is
outside the scope of the project.
Budget Estimate
A budget estimate
approximates all the costs of the resources needed to complete project
activities by reconciling the top-down and bottom-up estimates.
Project schedule
The schedule
identifies and documents logical dependencies among activities and is
optimized for resource and time efficiency while balancing the Triple
Constraint.
Network diagrams
Network diagrams are used to identify the critical path and float.
Change Control Process
A Change Control Process is used to manage changes to the project baseline of scope, cost, and schedule.
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