Project management Glossary of Terms

Actual work - working time actually performed by resources assigned to tasks.

Assumptions - factors considered to be true in the planning phase.

Baseline - A temporary state of a project used to measure progress against at a later stage in project evolution.

Constraints - restrictions that affect the project limiting the options about scope, resources and schedule.

Critical path - the sequence of activities for which the slightest delay will influence the end of the project.

Deliverable - a tangible, verifiable outcome of a project or a project phase.

Gantt chart - a graphic representation of the project components showing their dates and dependencies (developed in 1915 by an american engineer, Henry Gantt).

Milestone - a key event marking the end of a major stage of a project.

Project - a temporary set of actions which aim to create a unique, final deliverable.

Project charter - a written summary of the scope, objectives and stakeholders, that formally authorizes the project.

Project management - the knowledge of planning, organizing, and managing project related resources in the effort to successfully achieve the project objectives.

Project manager - a person responsible for project evolution (planning, execution, closing).

Project stakeholders - individuals and organizations whose interests are affected by or exert influence over the project evolution (e.g. sponsors, customers, project manager, team members).

Remaining work - working time left to be performed by resources assigned to tasks.

Work - working time planned to be performed by resources assigned to tasks.

Work breakdown structure (WBS) - a comprehensive, deliverable-oriented decomposition of the project scope.