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PMBOK Glossary 4th Ed
Word Meanings
56
Business
Professional
09/05/2009

Additional Business Flashcards

 


 

Cards

Term
Project Management
Definition
The application of knowledge, skills, tools, techniques to project activities to meet the project requirements
Term
Project
Definition
A temporary endeavor undertaken to create a unique product, service or result
Term
Project Manager (PM)
Definition
The person assigned by the performing organization to achieve the project objectives
Term

Project Management Team

 

Definition
The members of the project team who are directly involved in project management activities.  On some smaller projects, the project management team may include virtually all of the project team members
Term
Program
Definition
A group of related projects managed in a coordinated 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 program.
Term

Program Management

 

Definition
The centralized, coordinated management of a program to achieve the program's strategic objectives & benefits.
Term
Portfolio
Definition
A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.  The projects or programs of the portfolio may not necessarily be interdependent or directly related.
Term
Portfolio Management
Definition
The centralized management of one or more portfolios, which includes identifying, priortizing, authorizing, managing, and controlling projects, programs, and other related work to achieve specific strategic business objectives.
Term
Project Management Office
Definition
An organizational body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain.  The responsibilities of a PMO can range from providing project management support functions to actually being responsible for the direct management of a project.
Term
Enterprise Environmental Factors  (EEFs)
Definition
Any or all external environmental factors and internal organizational environmental factors that surround or influence the project's success.  These factors are from any or all of the enterprises involved in the project, and include organizational culture and structure, infrastructure, existing resources, commercial databases, market conditions, and project management software. 
Term
Progressive Elaboration
Definition
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.
Term
Process
Definition
A set of interrelated actions and activities performed to achieve a prespecified product, result, or service.  Each process is characterized by its inputs, the tools and techniques that can be applied, and the resulting outputs
Term

Input

 

(process Input)

Definition
Any item, whether internal or external to the project that is required by a process before that process proceeds.  May be an output from a predecessor process.
Term

Output

 

(Process Output)

Definition
A product, result, or service generated by a process.  May be an input to a successor process.
Term
Technique
Definition
A defined systematic procedure employed by a numan resource to perform an activity to produce a product or result or deliver a service, and that may employ one or more tools.
Term
Tool
Definition
Something tangible, such as a template or software program, used in performing an activity to produce a product or result.
Term

Project Management

 

(Process Group)

Definition
A logical grouping of project management inputs, tools and techniques, and outputs.  The project management process groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes.  Project management process groups are not project phases.
Term

Initiating Processes

 

(Process Group)

 

Definition
Those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase
Term

Planning Processes

 

(Process Group)

Definition
Those processes performed to establish the total scope of the effort, define and refine the objectives, and develop the course of action required to attain those objectives.
Term

Executing Processes

 

(Process Group)

Definition
Those processes performed to complete the work defined in the project management plan to satisfy the project objectives.
Term

Monitoring and Controlling Processes

 

(Process Group)

 

 

 

Definition
Those processes required to track, review, and regulate the progress and performance of the project, identify any areas in which changes to the plan are required, and initiate the corresponding changes.
Term

Closing Processes

 

(Process Group)

Definition
Those processes performed to finalize all activities across all project management process groups to formally close the project or phase.
Term
Tailoring
Definition
Determining the appropriate processes and the appropriate degree of rigor for each process on a specific project.
Term
Monitor
Definition
Collect project performance data with respect to a plan, produce performance measures, and report and disseminate performance information
Term
Control
Definition
Comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed.
Term
Change Control
Definition
Identifying, documenting, approving or rejecting, and controlling changes to the project baselines.
Term
Change Requests
Definition
Requests to expand or reduce the project scope, modify policies, processes, plans, or procedures, modify costs or budgets, or revise schedules.
Term
Corrective Action
Definition
Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Term
Preventive Action
Definition
A documented direction to perform an activity that can reduce the probability of negative consequences associated with project risks.
Term
Defect Repair
Definition
The formally documented identification of a defect in a project component with a recommendation to either repair the defect or completely replace the component.
Term

Develop Project Charter

 

(Process)

Definition
The process of developing a document tht formally authorizes a project or a phase and documenting initial requirements that satisfy the stakeholder's needs and expectations.
Term

Develop Project Management Plan

 

(Process)

Definition
The process of documenting the actions necessary to define, prepare, integrate, and coordinate all subsidiary plans.
Term

Direct and Manage Project Execution

(Process)

Definition
The process of performing the work defined in the project management plan to achieve the project's objectives.
Term

Monitor and Control Project Work

 

(Process)

Definition
The process of tracking, reviewing, and regulating the progress to meet the performance objectives defined in the project management plan.
Term

Perform Integrated Change Control

 

(Process)

Definition
The process of reviewing all change requests, approving changes, and managing changes to the deliverables, organizational process assets, project documents, and the project management plan.
Term

Close Project or Phase

 

(Process)

Definition
The process of finalizing all activities across all of the Project Management Process Groups to formally complete the project or phase.
Term

Project Integration Management

(Knowledge Area)

Definition
Project Integration Management includes the processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities with the Project Management Process Group.
Term

Direct and Manage Project Execution

(Process)

Definition

The process of performing the work defined in the project management plan to achieve the project's objectives.

 

Project management, in this process, is comprised of all the work necessary to support the creation of the product, service, or result. This is where the majority of the resources are expended and the majority of the funds are spent.  It includes:

Term

Configuration Management System

 

(Tool)

Definition
A subsystem of the overall project management system.  It is a collection of formal documented procedures used to apply technical and administrative direction and surveillance to: identify and document the functional and physical characteristics of a product, result, service or component; control any changes to such characteristics; record and report each change and its implementation status; and support the audit of the products, results, or components to verify conformance to requirements.  It includes the documentation, tracking systems and defined approval levels necessary for authorizing and controlling changes.
Term

Change Control System

 

(Tool)

Definition

A collection of formal documented procedures that define how project deliverables and documentation will be controlled, changed, and approved.  In most application areas, the change control system is a subset of the configuration management system

Term

Change Control Board

(CCB)

Definition

A formally constituted group of stakeholders responsible for reviewing, evaluating, approving, delaying, or rejecting changes to a project, with all decisions and recommendations being recorded.

Term

Close Project or Phase

 

(Process)

Definition

The process of finalizing all activities across all of the project management process groups to formally complete the project or phase

Term
Corrective Action
Definition
Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Term
Preventive Action
Definition
A documented direction to perform an activity that can reduce the probability of negative consequences associated with project risks.
Term
Defect Repair
Definition
The formally documented identification of a defect in a project component with a recommendation to either repair the defect or completely replace the component.
Term
Collect Requirements
Definition
The process of defining and documenting stakeholders' needs to meet the project objectives.
Term

Define Scope

(Process)

Definition
The process of developing a detailed description of the project and product.
Term
Scope
Definition
The sume of the products, services, and results to be provided as a project. 
Term

Create WBS

 

(Process)

Definition
The process of subdividing project deliverables and project work into smaller, more manageable components
Term

Verify Scope

(Process)

Definition
The process of formalizing acceptance of the completed project deliverables
Term

Control Scope

(Process)

Definition
The process of monitoring the status of the project and product scope and managing changes to the scope baseline
Term

Project Scope Management

(Knowledge Area)

Definition
Project Scope Management includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully
Term
Product Scope
Definition
The features and functions that characterize a product, service or result
Term
Project Scope
Definition
The work that must be performed to deliver a product, service or result with the specified features and functions
Term

Collect Requirements

(Process)

Definition
Collect requirements is the process of defining and documenting stakeholders' needs to meet the project objectives
Term
Requirement
Definition
A requirement is a condition or capability that must be met or possessed by a system, product, service or result or component to satisfy a contract, standard, specification, or other formally imposed document.  Requirements include the quantified and documented needs, wants, and expectations of the sponsor, customer, and other stakeholders.
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