PMP Project Management Terms and Definitions

A temporary endeavor undertaken to create a unique product, service, or result

The application of knowledge, skills, tools and techniques to project activities to meet the project requirements

A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.

The centralized management of one or more portfolios.

A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

An organizational body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain.

A collection of generally sequential and sometimes overlapping project phases whose name and number are determined by the management and control needs of the organization or organizations involved in the project, the nature of the project itself, and its area of application

Project phases are divisions within a project where extra control is needed to effectively manage the completion of a major deliverable

Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project.

Any or all process related assets from any or all organizations involved in the project that can influence the projects success