Domain 1
The unique result of a project. Can be an object, service, or other outcome.
Product
A high-level document that strategically outlines how a product will evolve over time. Roadmaps may outline current project goals, as well as future product functionality that may be developed at a later date.
Product Roadmap
The stated goal of a project. Projects can have more than one objective, but it's good to limit the number of objectives in a single project.
Objective
The specific deliverables required to complete a project, as well as exclusions that the project will not address.
Scope
A formal document, created after the Project Charter has been approved, that outlines the basic operations of the project.
Project Management Plan
A temporary plan of action whose goal is to create a unique product that adds value to a business's operations.
Project
A product pitch that convinces a business to begin a project to develop a new product primarily by proving that the product will add value to the business.
Business Case
A collection of related programs and/or projects that together advance a larger goal for a company.
Portfolio
A document that explains specifically what the project is going to create.
Scope Statement
A business's resources are all the things it has at its disposal to complete a project. Material resources are physical objects such as money, computers, buildings, and equipment. Human resources are the employees and contractors hired by a business to complete a job, including each person's skillset to complete different types of tasks.
Resources
An approach to managing people working on a project using clearly defined requirements, tasks, communication strategies, and deliverables.
Project Management
A person, usually a senior management executive, who is ultimately responsible for the success of the project. They supervise the project manager and provide them with support and advice throughout the project's lifecycle. The project sponsor is responsible for approving the Business Case and Project Charter, as well as approving any changes to the project's scope and/or budget.
Project Sponsor
A collection of related projects that share some characteristics in common.
Program
Scope Statement, Critical Success Factors, Deliverables, Work Breakdown Structure, Schedule, Budget, Human Resources Plan, Stakeholder Register, Communication Plan, Risk Register
Components Of A Project Management Plan
Individual work items that must be completed to achieve a milestone.
Task
The phases of completing a project from start to finish to create a unique product. The steps include: 1. Initiation, 2. Planning, 3. Execution, 4. Monitoring and Controlling, 5. Closure
Project Life Cycle Phases (In Order)
A document created during the Initiation phase of a project that outlines how a project could potentially impact a business in these 4 areas: Strengths, Weaknesses, Opportunities, Threats.
SWOT Analysis
A person whose job it is to organize and coordinate the projects within a program.
Program Manager
The important points or events in a project that, when completed in the correct sequence, will complete each deliverable.
Milestone
A project manager begins by estimating the cost of all the different deliverables, milestones, and tasks required to complete a project, then totals this up to arrive at a total cost for the project which must be approved by the project sponsor.
Bottom-Up Planning Method
A benefit that a project brings to a business. Can be tangible, such as money or other resources. Can be intangible, such as better efficiency, or improved customer satisfaction.
Value
The unique result produced at the conclusion of a process, phase, or project; the unique result of working on a project that did not exist before the project began.
Deliverable
A formal document created during the Initiation phase of a project that authorizes the project's existance. After being approved from the Project Sponsor, this document allows the project manager to begin organizing the project’s activities, including a scope statement and the structure of the project team members. Once this document is approved, the planning phase of the project can begin.
Project Charter
A process of identifying resources needed to complete a project that aren't already available within the current project team. Contracts are established for the sale or rental of raw materials or equipment, or the salary for hiring skilled team members on a temporary basis.
Procurement
The total estimated cost to complete a project.
Budget