5 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
Mission (mission statement)
Business services; Project management
Derived from the project vision, an action statement that is feasible in time and place and compatible with the pursuit of the vision. A brief summary, approximately one or two sentences, that sums ...
Project risks
Business services; Project management
Factors that may cause a failure to meet the project’s objectives. Risks may be associated with opportunities. Risk is the product of the probability of an event occurring, times its impact if it ...
Final inspection
Business services; Project management
A final site review of the project by the contractor, owner, or owner’s authorised representative prior to issuing the final certificate for payment.
Project process groups
Business services; Project management
The five process groups required for any project that have clear dependencies and that are required to be performed in the same sequence on each project, independent of the application area or the ...
Exception report
Business services; Project management
Document that includes only major variations from plan (rather than all variations).
Successor
Business services; Project management
The schedule activity that follows a predecessor activity, as determined by their logical relationship.
Project procurement management
Business services; Project management
A subset of project management that includes the processes required to acquire goods and services to attain project scope form outside the performing organization. It consists of procurement, ...
