Project Management Vocabulary

The discipline of planning, organizing and managing resources to bring about the successful completion of specific project goals and objectives

• Project Management

• Integration

• Scope

• Time

A project management component that coordinates the various interrelated processes of the project

• Cost

• Time

• Scope

• Integration

A project management component that includes the project details such as the project name and stakeholders. It also includes the major objectives of the project as well as the budget (time and money)

• Scope

• Time

• Cost

• Quality

A project management component that includes the tasks to be completed and the schedule for completing those tasks

• Resource

• Time

• Cost

• Quality

A project management component that includes cost estimates, contingencies and allowances, plus profit

• Communication

• Resource

• Cost

• Quality

A project management component that insures that the project will satisfy the needs for which it was undertaken

• Quality

• Resource

• Communication

• Risk

The project management component that refers to any factors such as personnel, equipment, facilities, etc. (except time) required or consumed to accomplish any activity

• Communication

• Resource

• Procurement

• Risk

A project management component that refers to effective communication between the project team members and the key stake holders in the project

• Initiating

• Procurement

• Communication

• Risk

A project management component that deals with the potential events or circumstances that may have a negative influence on a project

• Planning

• Initiating

• Procurement

• Risk

A project management component that describes the act of obtaining or buying goods and services

• Procurement

• Initiating

• Planning

• Executing