The Standard for Project Management - Key Terms and Concepts

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Vocabulary flashcards covering key terms and concepts from Section 1.2 and 1.3 of The Standard for Project Management.

Last updated 2:43 AM on 10/6/26
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4 Terms

1
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The members of the project team who are directly involved in project management activities.

Project management team

2
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Project manager

The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.

3
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Value

The excess of financial and nonfinancial benefits over investment that is gained from achieving the goals of a portfolio, program, or project.

4
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Value delivery system

A collection of strategic business activities aimed at building, sustaining, and/or advancing an organization, enabling alignment with strategic objectives and achieving desired outcomes.