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
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Project management
Product
Business services; Project management
An artefact that is produced, is quantifiable, and can be either an end item in itself or a component item. Additional words for products are material and goods. Contrast with result and service. See ...
Cost estimating
Business services; Project management
The process of developing an approximation of the cost of the resources needed to complete project activities.
Schedule development
Business services; Project management
The process of analysing schedule activity sequences, schedule activity durations, resource requirements, and schedule constraints to create the project schedule.
Product life cycle
Business services; Project management
A collection of generally sequential, non-overlapping product phases whose names and numbers are determined by the manufacturing and control needs of the organization. The last product life cycle ...
Cost management plan
Business services; Project management
The document that sets out the format and establishes the activities and criteria for planning, structuring, and controlling the project costs. A cost management plan can be formal or informal, ...
Schedule management plan
Business services; Project management
The document that establishes criteria and the activities for developing and controlling the project schedule. It is contained in, or is a subsidiary plan of, the project management plan. The ...
Product scope
Business services; Project management
The features and functions that characterise a product, service, or result.
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