Project Management Terms

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5 Terms

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Project

A temporary endeavor that produces a unique product, service or result

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Project Management

The application of Knowledge, Skills, and Tools, and Techniques to satisfy a project requirement

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Program Management

Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually

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Project Management Office

Organizational Structure that standardizes the processes and facilitates the sharing of resources, methodologies, tools, and techniques. Types include: Supportive, Controlling, and Directive.

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Portfolio Management

A portfolio is a collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives