Introduction to Project Management

A set of vocabulary flashcards for key terms and concepts from the project management lecture notes.

Project

A complex, nonroutine, one-time effort limited by time, budget, resources, and quality/performance specifications designed to meet customer needs.

Project Life Cycle

The logically defined life span of a project that includes phases such as defining, planning, executing, and closing.

Project Governance

The framework for overseeing and directing projects to ensure they align with organizational objectives and strategies.

Operations

Routine, repetitive work that is focused on ongoing tasks, as opposed to unique and temporary projects.

Program

A series of coordinated, related projects that continue over time to achieve a common goal.

Portfolio Management

The process of managing a set of projects and programs in order to achieve strategic objectives and optimize resource use.

Project Manager

An individual who manages project activities, marshals resources, and focuses on achieving project objectives.

Triple Bottom Line

An approach that considers social, environmental, and economic concerns in business strategy.

Unique Project Characteristics

Attributes that distinguish projects from routine operations, such as having a defined objective, a temporary life span, and resource consumption.

Stakeholder Communication

The ongoing exchange of information among all individuals or organizations involved in or affected by the project.