Project Management Glossary

Flashcards for project management terms.

Product Life Cycle

A series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.

Product Management

The integration of people, data, processes, and business systems to create, maintain, and evolve a product or service throughout its life cycle.

Product Owner

A person responsible for maximizing the value of the product and accountable for the end product.

Product Scope

The features and functions that characterize a product, service, or result.

Program

Related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually.

Program Management

The application of knowledge, skills, and principles to a program to achieve the program objectives and obtain benefits and control not available by managing program components individually.

Progressive Elaboration

The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.

Project

A temporary endeavor undertaken to create a unique product, service, or result.

Project Brief

A high-level overview of the goals, deliverables, and processes for the project.

Project Calendar

A calendar that identifies working days and shifts that are available for scheduled activities.

Project Charter

A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Project Governance

The framework, functions, and processes that guide project management activities in order to create a unique product, service, or result to meet organizational, strategic, and operational goals.

Project Lead

A person who helps the project team to achieve the project objectives, typically by orchestrating the work of the project.

Project Life Cycle

The series of phases that a project passes through from its start to its completion.

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Project Management Body of Knowledge (PMBOK)

A term that describes the knowledge within the profession of project management.

Project Management Office (PMO)

A management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.

Project Management Plan

The document that describes how the project will be executed, monitored and controlled, and closed.

Project Management Process Group

A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include Initiating processes, Planning processes, Executing processes, Monitoring and Controlling processes, and Closing processes