Module 9 - Project Management Vocabulary

Vocabulary flashcards for project management review.

Project

An undertaking where resources are organized to achieve an end goal.

Project Management

The process of defining a project, establishing project priorities, creating a work breakdown structure, and tracking project progress.

Project Priorities

The balance between quality, time, and cost in project management.

Work Breakdown Structure

A method of breaking down a project into its smallest parts to track time and resources needed.

Objectives

Desired outcomes for a project, such as specific cost, time, or quality targets.

Deliverables

Products or services delivered by the end of a project (e.g., building, software, report).

Milestones

Specific events that are important to stay on track; for example, 'Filming done by Sept 1st'.

Scope Creep

A phenomenon where, during a project, the team acquires more goals along the way.

Project Management Software

Tools used to assist in organizing and tracking the progress of a project.

AON Diagrams

Illustrations of activities in a project that represent each single activity.

Project Paths

Paths of activities that lead from the beginning to the end of a project.

Critical Paths

The project path with the longest total duration.

Slack

The amount of time a project activity can be delayed without impacting overall project duration.

Crashing the Project

Finding cost-effective ways to decrease the total project duration.