Term
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Definition
| TEMPORARY ENDEAVOR TO CREATE A UNIQUE PRODUCT OR SERVICE. |
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Term
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Definition
| REACHED WHEN OBJECTIVES HAVE BEEN ACHIEVED OR ITS CLEAR THAT THE PROJECT WILL NOT WORK. |
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Term
| WHAT IS PROJECT MANAGEMENT? |
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Definition
| APPLICATION OF KNOWLEDGE, SKILLS, TOOLS, AND TECHNIQUES TO PROJECT ACTIVITIES IN ORDER TO MEET OR EXCEED STAKEHOLDER REQUIREMENTS AND EXPECTATIONS. SCOPE, COST , TIME, AND QUALITY. |
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Term
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Definition
| PROJECT TEAM, PROJECT MANAGER, CUSTOMER, SPONSOR, PUBLIC, PERFORMING ORGANIZATION. |
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Term
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Definition
| A GROUP OF PROJECTS THAT BENEFIT FROM BEING MANAGED IN A COORDINATED WAY. |
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Term
| PROJECT LIFE CYCLE: SEQUENTIAL |
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Definition
| DOES NOT ALLOW FOR OVERLAPPING PROJECT PHASES. REDUCES RISK OF CHANGING SUBSEQUENT PHASES. |
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Term
| PROJECT LIFE CYCLE: PHASED (WATERFALL) MODEL |
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Definition
| OVERLAPPING PROJECT PHASES. GETS TO MARKET FASTER (SAVES TIME) BUT OFTEN INCREASES RISK. COMMUNICATION BETWEEN TEAM MEMBERS MORE IMPORTANT. |
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Term
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Definition
| PROVIDES SHORTEST OVERALL INTERVAL FOR COMPLETING WORK OF A PROJECT. FASTEST TIME TO MARKET BECAUSE DESIGN AND MANUFACTURING ARE FORCED TO COOPERATE AND COLLABORATE. |
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Term
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Definition
| USED TO PROGRESSIVELY DETAIL A PROJECT PLAN. LONG TERM PROJECTS. DETAILS FOR EACH PHASE IS PLANNED AS THE PROJECT ROLLS NOT ALL AHEAD OF TIME. LESS RISK |
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