Project management

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

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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, ...