Project Management
The process by which projects are defined, planned, monitored, controlled and delivered such that the agreed benefits are realised.
Projects
Unique, transient endeavours undertaken to achieve a desired outcome.
Business-As-Usual (BAU)
Involves repetitive work using established personnel to provide on-going services.
BS6079
The British standard for project management.
Starting Process
Ensures that the project is justified and in line with the organisational strategy.
Planning Process
Takes the requirements and produces a set of plans for implementation.
Monitoring and Control Process
Used to confirm that progress is being made to meet time, cost and performance objectives.
Closing Process
Ensures that the project is closed properly and the deliverables produced accepted into the operational environment.
Feedback Process
Considers the project from beginning to end to enable future projects to benefit from lessons learned.
Change Control Process
Used to assess the impact of requested changes and a decision made as to whether or not to implement the requested change.
Business Case
Includes a consideration of the costs and benefits of the project, balanced against the risks.
Triangle of Project Expectations
The concept that the project manager must balance the required performance against the business’ time, cost and quality expectations.
Programmes
Deliver significant business change over extensive periods by setting up and coordinating a number of projects.
Programme Management
The undertaking of the actions needed to establish, manage and coordinate the activities needed to achieve the desired outcome of the strategic change.
Portfolio
A group of programmes and projects which are being undertaken for an organization.
Portfolio Management
The objective of making sure that the right programmes and projects are being run to change the business, while also accounting for the need to maintain Business-As-Usual.
Benefits
The quantifiable and measurable improvement resulting from completion of deliverables that is perceived as positive by a stakeholder.
Project Success Criteria
The satisfaction of stakeholder needs for the deployment of a project. They are defined at the start (concept phase) and measured at the end (handover and closeout phase).
Success Factors
Management practices that, when implemented, will increase the likelihood of success of a project.
Key Performance Indicators (KPIs)
Defined during the concept phase and measured during the implementation phase. They are used to determine whether or not the success criteria will be met.
PESTLE Analysis
A way to think of the project context by considering Political, Economical, Sociological, Technological, Legal, and Environmental factors.
Stakeholders
Any person or group that has a vested interest or “stake” in the project.
Stakeholder Analysis
A process used to understand our stakeholders and their positions, for example, do they support or oppose the project.
Project Lifecycle
A structure that assists with the overall planning and control of the project by splitting it into smaller chunks.