Project Levels
Multiple high-level strategic initiatives grouped together.
What is a Portfolio?
Ongoing activities designed to maintain and sustain an organization's processes.
What are Operations?
This document justifies why a project should be initiated or continued.
What is a Business Case?
The phase where you define & authorize the project and identify stakeholders.
What is Initiation (Phase 1)?
This level coordinates related projects that share a common goal.
What is a Program?
A temporary effort aimed at generating value or developing new capabilities.
What is a Project?
This constraint includes three fundamental variables: Scope, Time, and Cost.
What is the Triple Constraint?
The phase focused on developing a detailed plan covering scope, schedule, and cost.
What is Planning (Phase 2)?
It executes specific tasks to generate outputs, results and value.
What is a Project?
Repetitiveness, Stability, and Continuity are the three main characteristics of this.
What are Operations?
Conditions like Quality Standards and Legal Requirements that must be met to achieve deliverables.
What are Constraints?
Observing problems, identifying deviations, and making necessary adjustments occur during this phase.
What is Monitoring & Control (Phase 3)?
Portfolios, Programs, and Projects must all be aligned with these.
What are Strategic Objectives?
Timeliness, Uniqueness, and Focus on specific results are characteristics of this.
What are Projects?
This component of the Business Case details the acceptable risk level, budget, and required skills.
What is 'Risks and Resources'?
Delivering results, obtaining formal acceptance, and documenting lessons learned occur in this final phase.
What is Closing (Phase 4)?