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Project management glossary

Moira Alexander | March 16, 2016
As in many specialized fields, there is a host of terms that hold a specific meaning, and the world of project management (PM) is no exception.

Project manager (PM)

An individual who is assigned by the company or representative of a company requesting the project. The PM is responsible for leading a project team, overseeing the project, and providing facilitation, in order to ensure successful project outcomes.

Project procurement management

This knowledge area encompasses the planning, conducting, controlling and closing of all procurements for the project. It extends throughout the planning, executing, monitoring and controlling and closeout phases.

Project quality management

Three process groups/phases (planning, executing and monitoring and controlling) are intersected by this knowledge area which is responsible for the planning, performing and controlling of quality.

Project risk management

Occurring primarily within the planning and monitoring and controlling phases of a project, this area of knowledge plans, identifies, and performs risk analysis and responses, as well as controls risks throughout a project.

Project scope

For project purposes this identifies and documents the actual project work that needs to be done in order to deliver a product, service or result and includes the parameters or limitations of the project.

Project scope management

This knowledge area is applied within the planning and monitoring and controlling process group/phases and covers the collection and defining of detailed project requirements, creation of key project documents, and validation and control of the overall project products, services or results.

Project stakeholder management

Extending from the initiating phase through to the monitoring and controlling phase, this knowledge area covers the identifying, planning, managing and controlling of all stakeholders and stakeholder engagements.

Project stakeholders

This can be project team members and/or internal or external individuals to the organization that are impacted by or impact the activities or outcomes of the project.

Project team

A group of individuals consisting of a project manager, internal employees at various levels and other external stakeholders involved in the successful outcome of a project. These individuals can be resources dedicated solely to the project, or on a part-time basis.

Project time management

The area of knowledge that covers the planning, scheduling, estimating, sequencing of time, activities resources. Project Time management intersects within the planning and monitoring and controlling process groups/phases.

Project-based organizations (PBO)

Organizations sometimes structure their work as projects rather than by departments or functional areas. This can reduce hierarchies, conflict and bureaucracy as all work is completed and measured by project outcomes, removing silos and related internal politics.

Projectized organization

This is the opposite of a functional organization; in this type of organization often times units or departments report to project managers or provide support indirectly, and focus efforts on meeting project goals aimed at strategic alignment. In this type of organizational set up there are no individual departments or units with their own individual goals.

 

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