Project Management Definitions

• The definitions provided are of business and project management terms.

Project Definitions

• Projects are a unique and transient endeavor undertaken to bring about change and achieve planned objectives.
• Project Management applies processes, methods, knowledge, skills, and experience to achieve specific objectives for change.
• Programme Management coordinates the management of projects and BAU (Business As Usual) activities to achieve beneficial change.
• Portfolio Management selects, prioritizes, and controls an organization's projects and programs, aligning them with strategic objectives and delivery capacity.
• Business Case provides justification for undertaking a project, program, or portfolio, evaluating the benefit, cost, and risk of alternative options to provide a rationale for the preferred solution.
• Success criteria determine the satisfaction of stakeholder needs for the deployment of a project.
• Benefits Management identifies, defines, plans, tracks, and realizes benefits.
• A Benefit is a positive and measurable impact of change.
• Project Management Plan is the output of integrated planning for a project or program.
• Governance provides a framework of authority and accountability that enables effective decision-making and control throughout the project lifecycle to achieve its base objectives.
• Effective Governance ensures an organization's project portfolio is aligned to objectives, sustainable, and delivered efficiently.
• Sustainability balances current project needs without compromising or overburdening future generations.
• Health & Safety involves identifying and minimizing threats to workers and people affected by the work.
• Organization involves the management structure applicable to the project and the organizational environment in which it operates.
• Life Cycle is a framework including a set of distinct high-level stages that transform a concept to reality effectively.
• Information Management includes the collection, storage, curation, dissemination, archiving, and destruction of documents, images, drawings, and other sources of information; enables teams and SMEs to use time and resources effectively to make decisions and fulfill their roles.
• Solutions Development is the ability to determine the optimal solution to satisfy agreed requirements.
• Transition manages the integration of outputs into BAU.
• Leadership displays the ability to establish vision and direction, to influence and align others towards a common purpose, and to empower and inspire people to achieve project success.
• Continuing Professional Development (CPD) describes the ongoing requirement to describe the requirement for any professional to continually develop their competence.