Vocabulary: Project Management Planning Concepts

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Project Management Plan

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A formal document describing how a project will be carried out, monitored, and controlled across cost, quality, risk, and schedule.

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Project Resource Plan

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A document identifying the people, skills, and roles needed to complete a project, including team members and contractors.

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Material Resources

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The physical supplies, equipment, and facilities used to complete project work.

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Integrated Change Control

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A formal PM process for reviewing, approving, and documenting all requested modifications to a project's scope, schedule, or budget.

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Governance

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The framework of rules, roles, and decision rights that guide how an organization or project is directed.

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Triple Constraint

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The interdependent relationship among scope, time, and cost in a project, where adjusting one factor affects the other two.

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Key Performance Indicator

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A specific, quantifiable measure used to evaluate how well a project or process is achieving a defined objective.

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Work Breakdown Structure

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A hierarchical decomposition of project deliverables into smaller, manageable pieces of work.

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Co-located Team

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A group of project members who work together in the same physical location.

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Virtual Team

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A group of project members who collaborate from different locations using digital communication tools.