Project management

Project management

Referring to the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project objectives.

Industry: Business services

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Project management

sponsor

Business services; Project management

(1) The person or group that provides the financial resources, in cash or in kind, for the project and is responsible for the overall project delivery. (2) The person assigning the project manager ...

project organization chart

Business services; Project management

A document that graphically depicts the project team members and their interrelationships for a specific project.

subproject

Business services; Project management

A smaller portion of the overall project created when a project is subdivided into more manageable components or pieces. Subprojects are usually represented in the work breakdown structure. A ...

project plan

Business services; Project management

A management summary document giving the essentials of a project in terms of its objectives, justification, and how the objectives are to be achieved. It should describe how all the major activities ...

estimate at completion (EAC)

Business services; Project management

The expected total cost of a schedule activity, a work breakdown structure component, or project when the defined scope of work will be completed. EAC is equal to the actual cost (AC) plus the ...

substantial completion

Business services; Project management

The stage in the progress of the work when the work, or designated portion of the work, is sufficiently complete in accordance with the contract documents so that the owner can occupy or utilize the ...

project phase

Business services; Project management

A collection of logically-related project activities, usually culminating in the completion of a major deliverable. Project phases (also called phases) are mainly completed sequentially, but can ...