4 Terms
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Project management
Referring to the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project objectives.
Industry: Business services
Add a new termContributors in Project management
Project management
Resource
Business services; Project management
Skilled human resources (specific disciplines either individually or in crews or teams), equipment, services, supplies, commodities, material, budgets, or funds.
Operations
Business services; Project management
An organisational function performing the ongoing execution of activities that produce the same product or provide a repetitive service.
Project manager (PM)
Business services; Project management
(1) The person assigned by the performing organisation to achieve the project objectives. (2) Any person assigned to lead a team toward completion of a project. A project manager applies specialised ...
Statement of work (SOW)
Business services; Project management
A narrative description of products, services, or results to be supplied.
Subproject
Business services; Project management
A smaller portion of the overall project created when a project is subdivided into more manageable components or pieces. Subprojects are usually represented in the work breakdown structure. A ...
Project plan
Business services; Project management
A management summary document giving the essentials of a project in terms of its objectives, justification, and how the objectives are to be achieved. It should describe how all the major activities ...
Estimate at completion (EAC)
Business services; Project management
The expected total cost of a schedule activity, a work breakdown structure component, or project when the defined scope of work will be completed. EAC is equal to the actual cost (AC) plus the ...
