Project Management Terminology: 4

The centralized management of multiple projects to align them with organizational strategies and objectives.

Example: Prioritizing and allocating resources across a portfolio of projects to maximize value and meet business goals.

The processes and techniques to facilitate smooth transitions and manage resistance when implementing changes in the organization.

Example: Implementing a change management plan to ensure employee acceptance and adoption of new software systems.

The processes and activities to ensure that project deliverables meet specified quality standards.

Example: Conducting quality inspections and audits at various stages of a manufacturing project to ensure product conformity.

A repository where organizations store documented lessons learned from past projects for future reference and knowledge sharing.

Example: Maintaining a lessons learned database that can be accessed by project teams for insights and guidance.

A comprehensive list of tasks and activities to be completed during project closure.

Example: Using a project closure checklist to ensure that all project documentation, deliverables, and resources are appropriately closed and handed over.

A document that outlines how procurement activities will be carried out, including vendor selection, contracting, and supplier relationship management.

Example: Developing a procurement management plan for a construction project, specifying the criteria for selecting suppliers and the process for managing contracts.

A visual representation of resource utilization over time, showing the distribution of resources across project activities.

Example: Using a resource histogram to identify resource overloads or bottlenecks in a project schedule.

Potential lessons or knowledge gained during a project that can be useful for future projects.

Example: Identifying potential lessons related to stakeholder management and communication strategies during a project kickoff meeting.

The process of comparing actual project performance against planned performance to identify deviations and take corrective actions.

Example: Analyzing cost variances to understand why actual project expenses are higher or lower than the planned budget.

The measure of work actually performed against the planned work as a percentage of the total planned work.

Example: Calculating the earned value to determine the progress of a construction project based on completed tasks and their associated budget.

Devendra Kumar

Project Management Apprentice at Google

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