Glossary
Lesson 1: Introduction
Definitions are taken from the Glossary of the Project Management Institute, A Guide to the
Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project
Management Institute, Inc., 2013.
Company
Company Website [Link]
Video Channel [Link]/izenbridge
Company Page on Linkedin [Link]
consultancy-private-limited
Company Page on Facebook [Link]/izenbridge
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Application Area
A category of projects that have common components significant in such projects, but
are not needed or present in all projects Application areas are usually defined in terms of either
the product (ie, by similar technologies or production methods) or the type of customer (ie,
internal versus external, government versus commercial) or industry sector (ie, utilities,
automotive, aerospace, information technologies, etc) Application areas can overlap.
Constraint
A limiting factor that affects the execution of a project, program, portfolio, or process.
Functional Manager
Someone with management authority over an organizational unit within a functional
organization The manager of any group that actually makes a product or performs a service
Sometimes called a line manager.
Lessons Learned
The knowledge gained during a project which shows how project events were addressed
or should be addressed in the future with the purpose of improving future performance.
Lessons Learned Knowledge Base
A store of historical information and lessons learned about both the outcomes of
previous project selection decisions and previous project performance.
Portfolio
Projects, programs, sub portfolios, and operations managed as a group to achieve
strategic objectives.
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Portfolio Management
The centralized management of one or more portfolios to achieve strategic objectives.
Program
A group of related projects, subprograms, and program activities managed in a
coordinated way to obtain benefits not available from managing them individually.
Program Management
The application of knowledge, skills, tools, and techniques to a program to meet the
program requirements and to obtain benefits and control not available by managing projects
individually.
Project
A temporary endeavor undertaken to create a unique product, service, or result.
Project-Based Organizations (PBOs)
A variety of organizational forms that involve the creation of temporary systems for the
performance of projects PBOs conduct the majority of their activities as projects and/or provide
project over functional approaches.
Project Management
The application of knowledge, skills, tools, and techniques to project activities to meet
the project requirements.
Project Management Body of Knowledge
An inclusive term that describes the sum of knowledge within the profession of project
management As with other professions, such as law, medicine, and accounting, the body of
knowledge rests with the practitioners and academics that apply and advance it The complete
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project management body of knowledge includes proven traditional practices that are widely
applied and innovative practices that are emerging in the profession The body of knowledge
includes both published and unpublished materials This body of knowledge is constantly
evolving PMI’s PMBOK® Guide identifies a subset of the project management body of
knowledge that is generally recognized as good practice.
Project Management Information System
An information system consisting of the tools and techniques used to gather, integrate,
and disseminate the outputs of project management processes It is used to support all aspects of
the project from initiating through closing, and can include both manual and automated systems.
Project Management Knowledge Area
An identified area of project management defined by its knowledge requirements and
described in terms of its component processes, practices, inputs, outputs, tools, and techniques.
Sponsor
A person or group who provides resources and support for the project, program, or
portfolio and is accountable for enabling success.
Sponsoring Organization
The entity responsible for providing the project’s sponsor and a conduit for project
funding or other project resources.
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