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Project Management Definitions – Part 9

Product

An artefact that is produced, is quantifiable, and can be either an end item in itself or a component item.  Additional words for products are material and goods.

Product lifecycle

A collection of generally sequential, non-overlapping product phases whose name and number are determined by the manufacturing and control needs of the organisation.  A life cycle can be documented with a methodology

The last product lifecycle phase for a product is generally the products retirement.  Generally, a project life cycle is contained within one or more product life cycles.

Product scope

The features and functions that characterize a product, service, or result

Programme

A group of related projects managed in accord native way to obtain benefits and control not available from managing them individually.  Programs may include elements of related work outside of the scope of the discrete projects in the programme

Program evaluation and review technique (PERT)

A technique for estimating that applies a weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates

Programme management

The centralized called native management of a programme to achieve the programme strategic benefits and objectives

Progress Lines

Gantt chart view bars the overlap the baseline task bar and allow you to compare the baseline plan with a tasks tracked progress

Progressive elaboration

A technique of continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available as the project progresses, and thereby producing more accurate and complete plans that result from the successive iterations of the planning process

Project

A unique and temporary venture undertaken to produce distinct deliverables, products, or outcomes

Project charter

A document issued by the project initiator or sponsor that formally authorized is the existence of a project, and provides the project manager with the authority to apply organisational resources to project activities

Project communications management

Project communications management includes the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information

Project cost management

Project cost management includes the processes involved in estimating, budgeting, and controlling costs so that the project can be completed within the approved budget

Project human resource management

Project human resource management includes the processes that organize and manage the project team

Project initiation

Launching a process that can result in the authorization of a new project

Project integration management

Project integration management includes the processes and activities needed to identify, define, combined, unified, and cordon eight the various processes and project management activities within the project management process groups

Project management

The practice of organizing, managing, and controlling project variables to meet the project outcomes and mission

Project management body of knowledge

An inclusive term that describes the sum of knowledge within the profession of project management.  As with other professions, such as law, medicine, and accounting, the body of knowledge rests with the practitioners and academics have applied an advance it.

To complete a project management body of knowledge includes proven traditional practices that are widely applied and innovative practices that are merging in the profession.  The body of knowledge includes both published and unpublished materials and it is constantly evolving.  It is also known and recognized as good practice

Project management information system (PMIS)

This tool is an information system consisting of the tools and techniques used to gather, integrated, and disseminate the outputs of project management processes.  It is used to support all aspects of the project from a initiating through to closing, and can include both Manual and automated systems

Project management office (PMO)

An organisational body or entity assigned various responsibilities related to the centralized and called mated management of those projects under its domain.  The responsibilities of a PMO can range from providing project management support functions to it being responsible for the direct management of a project

Project management plan

A formal, approve document that defines how the project is executed, monitored, and controlled.  It may be a summary or detailed and may be composed of one or more subsidiary management plans and other planning documents

Go To Part 10 HERE!