project management terminology
A temporary endeavor undertaken to create a unique product, service, or result.
Example: Developing a new mobile app for a client.
An individual or group with an interest or involvement in the project, directly or indirectly.
Example: Clients, project team members, management, end-users.
The boundaries and deliverables of the project.
Example: Building a website with specific features and functionalities.
A document that formally authorizes the existence of a project and provides initial high-level information about the project’s objectives, scope, stakeholders, and constraints.
A hierarchical decomposition of the project deliverables into smaller, manageable components.
Example: Breaking down a construction project into tasks like excavation, foundation, framing, plumbing, electrical, and finishing.
A significant event or point of achievement in a project.
Example: Completing the prototype development milestone in a product development project.
A visual representation of project tasks, durations, and dependencies. It provides a timeline view of the project’s schedule.
Example: Using a Gantt chart to track the progress of tasks in a marketing campaign.
The sequence of activities with the longest duration, determining the shortest possible project duration.
Example: Identifying the critical path to determine the minimum time required to complete a software development project.
The process of identifying, assessing, and mitigating risks that could affect project objectives.
Example: Analyzing potential risks such as resource unavailability or technology failures in an IT infrastructure project.
The process for reviewing, approving, and managing changes to the project’s scope, schedule, or budget.
Example: Assessing the impact and feasibility of a change request to modify the product design in a manufacturing project.
