Using skills, knowledge and resources to satisfy project requirements.
A time-limited group of interrelated activities undertaken to create a unique product, service or result.
Group of projects managed together in order to gain efficiencies on cost, time, technology etc.
Group of all programs and projects invested by a company.
Package of (1) inputs, (2) Tools & Techniques, (3) Outputs used to do something on a project
Blocks used to identify key moments of a project. They are generalised as:
- Monitoring & Controlling
You do not fully understand the characteristics of your product when you begin a project. The characteristics get shaped as you refine and revise it often.
It is the original plan plus any approved changes. A useful tool to measure how performance deviates from the plan. Used to check project plan, time, scope and cost.
Usually always used as an input. They are records that were kept on previous projects to help benchmark a current project and predict future trends.
Focused on variances created at the end of each process that details what lessons were learnt to be shared for future projects. Usually an input into many planning phases.
An official document issued by the government or another official organization that provides guidelines that must be followed. Compliance is mandatory.
A document approved by a recognized body that provides guidelines followed. Compliance is not mandatory but helpful.
Incorporates formal procedures and tools put in place to manage something.
Person ultimately responsible for the outcome of the project. They are:
- Empowered to use organizational resources
- In control of the project
- Authorized to spend the project’s budget
- Authorized to make decisions for the project
They have the right to reassign resources but not allowed to make budget decisions. They are weaker than a project manager. Found in weak matrix/functional organisations.
Has little to no authority and reports to the executive who has responsibility for the project. They make sure things arrive on time.