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29 Terms

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Process

a repeatable sequence of activities with known inputs and outputs. consume energy.

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Methodology
a structured approach or framework that provides a set of principles, techniques, and procedures to guide the management of a project
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Project
A temporary, goal-driven effort to create a unique output. It has clearly defined phases, and its success is measured by whether it meets its stated objectives.
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PMBOK
A collection of project management-related knowledge maintained by the Project Management Institute.
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Process Groups
Initiating, Planning, Executing, Monitoring and Controlling, and Closing.
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Phases (distinct phases or stages that organize the various activities needed to complete a project successfully)
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Initiation
The formal start of a new project. It involves receiving proper authorization and creating a clear definition for the project.
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Planning
Refers specifically to a phase of the life cycle that involves creating plans for management, control, and execution, as well as for what a project is meant to accomplish.
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Execution

begins after activity approval and is the phase in which the team executes the project plan. Is typically the longest and most expensive phase in the project management life cycle.

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Control
Processes performed to observe project execution → this means it is simultaneous with execution.
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Close
includes the formal acceptance of the project and the ending thereof.
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Project Charter
a document that details the scope, organization, and objectives of a project. It is typically created by a project manager and formally approved by the sponsor.
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Project Charter
authorizes the project manager’s use of organizational resources for the project and is understood to be an agreement between the sponsor, stakeholders, and project manager.
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WBS

is a comprehensive, hierarchical model of the deliverables constituting the scope of a project. It details everything a project team is supposed to deliver and achieve. categorizes all project elements, or work packages, into a set of groups and may be used to form cost estimates.

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Gantt Chart
a type of bar chart that shows all the tasks constituting a project. Tasks are listed vertically, with the horizontal axis marking time. The lengths of task bars are to scale with tasks’ durations.
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KPI

is a metric for measuring project success. are established before project execution begins.

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Goals
represent the desired outcomes or targets a project aims to achieve
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Objectives
specific, measurable, and time-bound goals that define what a project aims to achieve
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Deliverables
a tangible or intangible output produced by a project
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Tasks

a unit of work or activity needed for progress towards project goals. Typically, must be completed by a set deadline. may be further broken down into assignments or subtasks.

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Dependencies
a relationship between tasks where one task (the dependent task) cannot start or be completed until another task (the predecessor task) is finished
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Resource
the essential elements needed to complete a project
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Scope
constitutes everything it is supposed to accomplish in order to be deemed successful.
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Requirement
a specific need, condition, or capability that a project must satisfy to be considered successful
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Schedule
A comprehensive list of project activities and milestones in logical order, with start and finish dates for each component.
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Risk
The probability of occurrence of a specific event that affects the pursuit of objectives. Not negative by definition. In project management, opportunities are also considered risks.
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Review and Status Meeting

a regularly scheduled meeting, often in project management, to discuss the progress of a project or work, identify challenges, and ensure everyone is on track

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Status update report
provides a comprehensive overview of a project's current state, including data on progress and other aspects
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Change Management
a structured process and set of tools to manage the impact of changes on people, processes, and tools within a project or initiative