TERMS Flashcards

(9 cards)

1
Q

Project

A

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

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2
Q

Program

A

group of related projects managed in a coordinated way for benefits not achievable if managed separately

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3
Q

Portfolio

A

collection of projects and programs managed together to achieve strategic objectives

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4
Q

Initiation

A

clarifies the project purpose, scope and objectives

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5
Q

Planning

A

crafts detailed roadmap/game plan with timelines, budgets and resources

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6
Q

Execution

A

turn plans into action

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7
Q

Monitoring and Controlling

A

observe the project progress and manage the changes

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8
Q

Closing

A

wrapping up activities, delivering the end product and documentation

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9
Q
A
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