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

Monitoring and controlling processes

Business services; Project management

Those processes performed to measure and monitor project execution so that corrective action can be taken when necessary to control the execution of the phase or project.

Effort

Business services; Project management

The number of labour units required to complete a schedule activity or work breakdown structure component. Usually expressed as staff hours, staff days, or staff weeks. Contrast with duration.

Extending or generating parallel schedule network paths from the same node in a project schedule network diagram. Path divergence is characterised by a schedule activity with more than one successor ...

Closure

Business services; Project management

The process of finalising all activities across all of the project process groups to formally close the project or phase.

Responsibility assignment matrix (RAM)

Business services; Project management

A structure that relates the project organisational breakdown structure to the work breakdown structure to help ensure that each component of the project’s scope of work is assigned to a responsible ...

Percent complete (PC)

Business services; Project management

An estimate, expressed as a percent, of the amount of work that has been completed on an activity or a work breakdown structure component.

Co-location

Business services; Project management

An organisational placement strategy where the project team members are physically located close to one another in order to improve communication, working relationships, and productivity.