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Technology Infrastructure The foundational IT assets — hardware, software,
networks — that support strategic initiatives and
enable competitive capabilities.
Value Chain A model that breaks down business activities into
primary and support functions, with information
systems used to optimize each link for strategic
benefit.
Communications Management The processes required to ensure timely and
appropriate generation, collection, distribution,
storage, and disposition of project information.
Core Competency A defining capability or advantage that distinguishes
an enterprise from its competitors, often leveraged
in project execution.
Cost Management Planning, estimating, budgeting, financing, funding,
managing, and controlling costs to complete the
project within the approved budget.
Cost -Reimbursable Contract A contract type where the buyer reimburses the
seller for allowable costs incurred during the
project, plus a fee.
Critical Path The sequence of project activities that determines the
shortest possible duration to complete the project.
Deliverable A tangible or intangible output produced as a result
of project work, subject to approval by
stakeholders.
Earned Value A project performance measurement that integrates
scope, schedule, and cost data to assess progress.
Fixed -Price Contract A contract type where the payment amount does not
depend on resources used or time expended.
,Make -or-Buy-or-Lease Decision A strategic choice to produce internally, purchase
externally, or lease resources for project needs.
Network Diagram A graphical representation of project activities and their
dependencies.
Operations Ongoing activities that sustain the business, distinct
from temporary project efforts.
Predecessor Task A task that must be completed before another task can
begin.
Procurement Management The processes necessary to purchase or acquire
products, services, or results from outside the project
team.
Project Champion An individual who supports and promotes the project
within the organization, often at an executive level.
Project Deadline The final date by which a project or specific deliverable
must be completed.
Project Integration Management The processes and activities needed to identify, define,
combine, unify, and coordinate project processes and
activities.
,Project Management The application of knowledge, skills, tools, and
techniques to project activities to meet project
requirements.
Project Milestone A significant point or event in the project timeline.
Project Requirement A condition or capability that must be met or
possessed by a system, product, service, or result.
Project Resource Management The processes to identify, acquire, and manage the
resources needed for successful project
completion.
Project Risk An uncertain event or condition that, if it occurs, has a
positive or negative effect on project objectives.
Project Schedule A timetable that outlines project tasks, durations,
dependencies, and milestones.
Project Scope The work required to deliver a product, service, or
result with specified features and functions.
Project Sponsor The person or group who provides resources and
support for the project and is accountable for
enabling success.
Project Stakeholder Any individual, group, or organization that may affect,
be affected by, or perceive itself to be affected by a
project decision or outcome.
Project Steering Team A group of senior stakeholders who provide guidance
and oversight for the project.
Quality Assurance The process of auditing and evaluating project
processes to ensure quality standards are being
met.
Quality Control The process of monitoring and recording results of
executing quality activities to assess performance
and recommend changes.
Quality Management The overarching approach to ensure that the project
meets the defined quality standards.
Quality Planning The process of identifying quality requirements and
standards for the project and product.
, Scope Creep The uncontrolled expansion of project scope without
adjustments to time, cost, and resources.
Scope Management The processes required to ensure the project includes
all the work required —and only the work required —
to complete the project successfully.