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Flashcards in Framework Terminology Deck (59):
1

Authority

The agreement to be able to assign project resources, make project decisions, and spend project funding

2

Closing Processes

Activities during which formal acceptance and completion procedures are attained from either a phase or the project itself

3

Co-location

A team-building technique in which team members are located together or as close to each other as possible

4

Control

Analyze variances between actual performance and planned performance to effect improvements

5

Criteria

Standards to which project variables are compared for acceptability

6

Customer

The individual, group, or company that will own the work of the project when it is complete

7

Enterprise

A company, business, or other formal structure that encompasses a business function

8

Enterprise Environmental Factors (Output/Input)

Any internal or external organization variables that can influence the project success Examples: company culture, the business market, technology, and personnel

9

Executing Processes

The coordination of personnel and additional resources to implement the project management
plan and create the deliverables of the project

10

Functional Manager

A manager of a department or unit in a functional organization

11

Functional Organizational Structure

A structure within a company where people are grouped by similar skill set (e.g., accounting, marketing, engineering)

12

Goods

Products that have been created and are available for purchase

13

Historical Information

Information from previous projects that can be used to learn from success and failure

14

Influencer

A person or organization that is not necessarily directly related to the project but can influence the project in either a good or bad way

15

Initiating Processes

The beginning processes in a project, which occur prior to Planning

16

Initiator

An organization or individual authorized and capable of starting a project

17

Management by Projects

Performing day-to-day operations by a project management approach

18

Matrix Organizational Structure

A structure within a company where people are organized by (and report to) a combination of Project and functional managers

19

Methodology

A set of procedures used in project management

20

Monitoring and Controlling Processes

Actions to make sure the project objectives are completed successfully

21

Operations

The day-to-day repeatable activities that a company performs

22

Organization

A group of people formed for the purpose of performing work within a company or enterprise

23

Organizational Process Assets (Output/Input)

The various process-related assets from the organizations involved in the project work; can include templates, documentation, methods and procedures, and policies

24

Performing Organization

The entity whose personnel are most directly involved in performing the work of the project

25

Planning Processes

The processes required to develop the activities to attain an objective

26

Portfolio

A group of programs or projects related and managed in a coordinated way to achieve specific strategic business goals

27

Portfolio Management (Technique)

Managing various portfolios that include the projects and programs of which they consist; can include prioritization, authorization, and management

28

Product Life Cycle

The generally sequential phases of a product

29

Program

A group of related projects that are managed to obtain synergistic benefits and control

30

Program Management

The management of projects in a coordinated way to achieve better results than if managed separately

31

Progressive Elaboration (Technique)

The process of beginning a project and, as more information is discovered, adjusting the plan to reflect the information and progress

32

Project

A temporary undertaking to create a unique product, service, or result

33

Project Initiation

The process that can result in the authorization of a project

34

Project Life Cycle

The process of completing work on the project: It is not the project management of the work, but rather the work process such as the building process of creating a house, or that of developing a computer program. This life cycle typically coexists with the project management life cycle.

35

Project Management

An approach to meeting project objectives by utilizing defined methodology which includes knowledge, skills, tools, and techniques

36

Project Management Body of Knowledge

The knowledge within the profession of project management

37

Project Management Knowledge Area

The nine project management knowledge areas are integration, scope, time, cost, quality, human resource , communication, risk, and procurement

38

Project Management Office

The central group of project management at a company; can be a centralized group of project managers or the office that standardizes policy or procedures

39

Project Management Process Groups

The group of processes that complete a project (Initiating, Planning, Executing, Monitoring and Controlling, and Closing)

40

Project Management System

The elements needed to manage a project: processes, tools, methods etc.

41

Project Manager (PM)

The person responsible for ensuring that project objectives are met

42

Project Phase

A group of project activities making up a piece of the project that interrelates with other pieces to make up the project

43

Projectized Organization

An organization which authorizes the project manager to assign resources to the project, to establish priorities, and to direct the work of the project

44

Regulation

A requirement developed by a government organization

45

Role

A specific function performed by a member of a project team with defined behaviors and activities

46

Service

Work performed without resulting in a physical product

47

Skill

The capability to execute project-related activities based on individual subject matter expertise and abilities

48

Sponsor

Person or group who provides the financial resources for the project

49

Stakeholder

Person or entity whose interests are positively or negatively affected by the project or whose influence can positively or negatively affect the project

50

Standard

An established norm or requirement

51

Subphase

A division of a phase of a project

52

Subproject

A smaller piece of the project, as a result of decomposition; is usually created as a result of creating the work breakdown structure

53

Technique

A procedure executed by a resource to complete activities on the project

54

Template

A partially filled-out document that can serve as a shell for completion of project documents

55

Tight Matrix

A phrase that describes a war room or close environment for the team; can also be used as a distracter answer on organizational-related questions

56

Variance Analysis (Technique)

An approach for measuring the variance associated with the scope, time, or cost of the project

57

Virtual Team

A group of people with similar goals who form a team but spend little (if any) time together

58

Voice of the Customer (VOC)

A Planning process that considers the requirements the customer really needs when technical requirements are created

59

War Room

A room shared by project personnel that can be used for planning and meetings, and display charts, graphs, and various other project information