Project Management: Project Chartering Concepts

A comprehensive set of vocabulary flashcards based on project management concepts related to project charters.

Project Charter

An informal contract between the Project Team and Sponsor, outlining expectations.

Scope Overview

Defines project boundaries and helps prevent scope creep.

Business Case

Justification for the project; answers the question 'why?' and ties to organizational strategy.

Milestone Schedule

A summary-level project schedule composed of major milestones.

Acceptance Criteria

Markers to evaluate completeness and correctness of deliverables.

Risks

Uncertain situations with potential negative or positive effects on the project.

Assumptions

Suppositions made during project planning treated as factual but not proven.

Constraints

Factors that limit project implementation.

Stakeholder

Individuals or groups with an interest in the project.

Team Operating Principles

Guidelines that enhance team functioning and communication.

Lessons Learned

Knowledge gained from one project applicable to future projects.

Authorization

The process of formally allowing the project manager to proceed.

Project Charter Elements

Include title, scope, business case, background, schedule, risks, and resources.

Scope Creep

Uncontrolled expansion to what was agreed upon in terms of project scope.

PMBOK

Project Management Body of Knowledge, a standard for project management practices.

Agile Charter

An informal document that outlines the direction of a project and encourages flexibility.

Predictive Project Charter

A formal document outlining the stages and outcomes of a planned project.

Milestone

A significant event or checkpoint in project scheduling.

Risk Response Plan

Strategies to manage potential negative and capitalizing on positive risks.

Commitment

The promise to achieve specific outcomes as stated in the project charter.

Project Initialization

The process of beginning the planning phase of a project after chartering.

Feedback Loop

A structure in project management that enables ongoing evaluation and communication.

Stakeholder Satisfaction

A key outcome of effective project chartering and management.

Vision Statement

A description of what the project aspires to achieve.

Communication Plan

A strategy for how information will be disseminated among project stakeholders.

Project Execution

The phase where project plans are put into action.

Change Management

The process of managing changes in project scope or implementation.

Enhanced Collaboration

Improved teamwork resulting from clear project charters and guidelines.

Core Team

The main group of individuals responsible for executing the project.

Resource Estimates

Preliminary budgets and necessary resources for project completion.

Prototyping

A method used in agile projects to develop an early version of the project.

Iterative Development

A process in agile management where projects acclimate over successive iterations.

Project Life Cycle

The stages a project goes through from initiation to closure.

Decision Matrix

A tool for evaluating the necessity of a charter based on project complexity.

Reporting Structures

Hierarchies established for project accountability and communication.

Team Effectiveness

The overall productivity and functionality achieved by the project team.

Negotiation Strategies

Techniques employed to reach agreement during project discussions.

Sign-off

Formal approval of the project charter from stakeholders.

Milestone Dates

Specific dates by which project milestones should be achieved.