Project Management Glossary

 

secure transactions on all business performance tools

Flexible ordering:

  • Online (credit card)
  • Phone (credit card)
  • Fax (credit card)
  • Check/Money Order
  • PayPal
  • Bank/Wire Transfer
  • Invoice

All major credit
cards accepted:

Visa, Mastercard, American Express, Discover/Novus, Eurocard, Master Money

  • Visa
  • Mastercard
  • Visa/Check Card
  • American Express
  • Discover
  • Eurocard
  • Master Money
verisign

Choose your Credit Card transaction currency:

business software US Dollar
change management software Canadian Dollar
workplace communication Pound Sterling
training management software Euro
project management software Australian Dollar

Product Catalogue - download NOW!

Download Product Catalogue

Subscribe to Newsletter NOW!

Subscribe to our monthly Newsletter

>Home >Project Management >Project Management Glossary
[Project Master] [Project Scorecard] [Project Management Guide] [Project Disciplines] [Training Projects Template Pack] [Project Phases] [Project Reports] [Project Review]

Project Management Glossary

The world of project management can be bewildering to those new to the discipline. As with any specialist area, technical terms and jargon blossom in number over the years. Here is a list of the more common project management terms and their meanings.

Term

Description

ADBTI

Analyze, Design, Build, Test and Implement – a model used for the development of business solutions and software.

ADDIE

Analyze, Design, Develop, Implement, and Evaluate – the Instructional Systems Design (ISD) model for creating training programs.

Agenda

Notice of a meeting that states meeting location, time and date of the meeting and the items to be discussed.

Analyze

The first phase in many developmental and delivery methodologies. The Analyze phase involves examination of the proposal to determine the requirements and “what” is to be addressed by the project.

Assumptions

Statements describing situations that are taken to be true.

Baseline

The point of reference that is used as a comparison point for project performance reporting.

Benefits Realization Review

The process of reviewing the extent of realized benefits once the solution has been delivered and implemented. Measured benefits are compared with those originally proposed in the Business Case.

Benefits Tracking

The process of quantitatively measuring over a period of time the extent of realized benefits once the solution has been delivered and implemented.

BRS

See Business Requirements Specification

Budget

Planned expenditure and funds allocated for a project.

Build

A phase in systems development, but applies in almost all solution design and delivery methodologies. The Build phase involves actually creating the solution proposed by the Project Definition.

Business Case

A document detailing the justification for the business progressing with the project.

Business Owner

The person/s in the organization that will take ownership of the project’s outputs and use them for the benefit of the organization.

Business Requirements Specification

A document that states specifically the business needs that the project’s outputs must satisfy. It is basically the “what” aspect of the project.

CAPEX

CAPital EXpenditure – typically includes purchase of new equipment.

Change Control

The set of practices around effectively managing changes to the project so that they are raised, assessed, prioritized and implemented efficiently and with known impact on the project.

Conceptual View

A very high-level summary of what the solution will look like once it is implemented. It can be presented as a diagram.

Deliverable

An item produced by a project or part of a project that is tangible and objectively verifiable.

Design

The project phase involving the process of determining what the solution will look like, how it should be created and how it should be implemented.

Duration

The length of calendar time required to complete a project or part of a project. Do not confuse this with Effort.

Earned Value Analysis

A technique for determining the value delivered by a project to date compared with what it was planned to deliver.

Effort

The measure of the amount of work required to complete a project or part of a project. Do not confuse this with Duration.

Estimate

A calculated guess of the size, cost and duration of a future project.

EVA

See Earned Value Analysis

Evaluate

A phase in some project methodologies in which the success of the project in meeting its objectives is measured and reported.

Implement

The phase of a project involved with delivering the solution to the Business Owner.

Instructional Systems Design

A systematic approach to designing and delivering training programs – usually abbreviated to ISD.

ISD

See Instructional Systems Design

Issue

An event that is currently threatening the project and requiring attention.

Issues Management

A set of practices designed to effectively identify, prioritize and monitor issues and manage them through to resolution.

Milestone

A significant event that acts as a progress marker during the life of a project and is reported on.

Minutes

Notes taken during a meeting that summarize discussions and agreed actions.

PDLC

See Product Development Life Cycle

PIR

See Post-Implementation Review

Post-Implementation Review

A review conducted sometime after the completion of a project in order to determine whether the project met its objectives – usually abbreviated to PIR.

Product Development Life Cycle

A methodical approach to designing and delivering new products – usually abbreviated to PDLC.

Program

A group of interrelated projects satisfying a common objective and managed as a set by a Program Manager.

Project

A set of interrelated activities managed in a coordinated way and designed to deliver a unique product or service within a given time frame and resources.

Project Board

A group of people ultimately responsible for a project’s success through monitoring its progress, reviewing its continued relevance to the organization’s objectives and overcoming institutional barriers. In some organizations, may be referred to as a Steering Committee.

Project Brief

See Project Definition

Project Definition

A document describing succinctly the project objectives, scope, summarized costs and resource requirements. In some organizations, may be referred to as the Project Brief or Terms of Reference.

Project Manager

The person selected by the organization to manage the project resources and activities in order to deliver the agreed project outputs.

Project Sponsor

A senior person within an organization that has ultimate responsibility for the success of a project through overcoming organizational barriers and advocating for the project. They may devote resources to the project and in some cases is the Business Owner.

Resource

People, materials, tools and systems needed during a project.

Return on Investment

The financial benefit resulting from a project once the cost of the project is deducted from the financial gain.

Risk

An event that could possibly occur and which would have an impact on the project if it happens.

Risk Management

A set of practices designed to effectively identify, prioritize and monitor risks and plan for their mitigation.

ROI

See Return on Investment

Scope

A clear description of the breadth of a project – what is in and what is out.

SDLC

See Software Development Life Cycle

Sizing

A preliminary guess with a wider degree of tolerance than an Estimate. The tolerance could be as wide as ± 50 percent.

Socialization

The technique for obtaining from stakeholders commentary and critique about a document, an idea or a proposed solution.

Software Development Life Cycle

A methodical approach to designing and delivering software – usually abbreviated to SDLC.

Stakeholder

Any person that may have an interest in the process, outputs or outcomes of a project.

Stakeholder Group

Stakeholders that have similar interests in a project.

Steering Committee

A group of people ultimately responsible for a project’s success through monitoring its progress, reviewing its continued relevance to the organization’s objectives and overcoming institutional barriers. In some organizations, may be referred to as a Project Board.

Team Leader

A person assigned to manage a team in order to produce a discrete set of deliverables within a project.

Terms of Reference

See Project Definition

Test

The process of checking the outputs of a project against a predetermined set of agreed criteria.

TOR

Terms of Reference – see Project Definition

WBS

See Work Breakdown Structure

Work Breakdown Structure

A tabular or graphical hierarchical break down of the project work into related tasks.


Click here to find out more about …

What is Project Management?

 

Project Disciplines

Why use Project Management?

 

Stakeholder Management

Project phases

 

Risk Management

Project reports

 

Issues Management

Project roles and responsibilities

 

Resource Management

Project documents

 

Task Management

Project review

 

Quality Management

Benefits realization

 

Project Change Control

Improving Project Outcomes

 

Project Team Management

 

 

 

Project Planning Tool

 

Project Document Templates

Project Reporting Tool

 

Practical Project Management Guide

 

Project Management Guide

training resources - software, eBooks, templates, guides
Check out our great training resources:

TriRightSmall High Impact Training Guide

TriRightSmall Training Tracker

TriRightSmall Training Management Template Pack

TriRightSmall Training Projects Template Pack

TriRightSmall Training Evaluation Toolkit

TriRightSmall Writing Learning Outcomes Guide

TriRightSmall Training Best Practice Assessment
 

Project Management Glossary: A list of definitions for the most common project management terms.

Project Management Software - Try before your buy
Top of page

Site Map

Article Site Map

BuiltWithNOF

Do not copy content from the page. Plagiarism will be detected by Copyscape.

[Home] [Product Catalogue] [Services] [Useful Links] [FAQ] [Feedback]
[Ideas Forum] [Publications] [Contact Us] [About Us] [Privacy Policy]
[Communication] [Career Management] [Change Management] [Project Management] [Training Management]

Page copy protected against web site content infringement by Copyscape

Business Performance Logo: business improvement software tools and resources

Business Performance Pty Ltd   Tel: +61 (0)408 314941   Email:
© 2003 - 2008 This web site is the property of Business Performance Pty Ltd. All rights reserved.