Project Management Self-Training

Project Management Common Knowledge

  • A project is a temporary endeavor, undertaken to create a unique product, service, or result.
  • A project manager or PM is the person assigned by the performing organization to achieve the project objectives. The PM usually leads a project team.
  • Popular project management methods are: "Waterfall" (most popular), "AGILE", PRINCE2, etc.
  • The five stages of a project are:
    • Initiation
    • Planning
    • Executing
    • Monitoring/Testing
    • Closure
  • One of the most popular PM methods, the "waterfall" method is documented in the written publication called the "Project Management Body of Knowledge," (PMBOK). For those seeking the Project Management Professionals certification, PMP, much of the PMP exam is based on the PMBOK.
  • The Project Management Institute (PMI), is one of several organizations, which promote project management methodologies. Professionals wishing to be certified in the US, often follow PMI's guidelines to obtain their PMP certifications. PMI's website is at

Project Management Resources


These resources are to provide users with outside information on understanding Project Management. 

A Brief Project Management Glossary

(Sources: A Guide to the Project Management Body of Knowledge, 3rd edition; PMI; Prodevia)

Word Definition
AGILE A fast-track project management method often used in software development projects but applicable to other project types; for advanced project managers. Work is delivered in short iterations with little upfront documentation; frequent customer involvement; frequent scope changes.
Change Request Request to expand or reduce the project scope, modify policies, processes, plans or procedures. Only formally documented requested changes should be processed and only approved change requests should be implemented. (Also, Change Order).
Charter A brief description of the purpose and goals of a project.
Cost Estimating The process of developing an approximation of the cost of the resources needed to complete project activities.
Critical Path The sequence of schedule activities that determines the duration of the project. Generally, the longest path through the project.
Deliverables  Any unique and verifiable product, result or capability to perform a service that must be produced to complete a process, phase, or project. A product, service or result.
Portfolio  A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.
Portfolio Management  The centralized management of one or more portfolios, which includes identifying, monitoring, authorizing, managing, and controlling projects, programs and other related work, to achieve specific strategic business objectives.
Project  A temporary endeavor, undertaken to create a unique product, service, or result.
Project Manager  The person assigned by the performing organization to achieve the project objectives.
Project Management  The application of knowledge, skills, tools, techniques to project activities to meet the project requirements.
Project Management Office  An organization body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain. The responsibilities of a PMO can range from providing project management support functions to actually being responsible for the direct management of a project
Project Management Professional A person certified as a PMP by the Project Management Institute, PMI.
'Projectized' Organization Any organizational structure in which the project manager has full authority to assign priorities, apply resources, and direct the work of persons assigned to the project.
RFP Request for proposal; often sent to bidders on a project (see samples at the PMO templates link).
Scope The sum of the projects, services, and results to be provided by a project. Also, "project scope".
Sponsor The person or group who provides the financial resources, in cash or in kind, for the project.
Stakeholder A person or organization (e.g. customer, sponsor, performing organization or the public) that is actively involved in the project, or whose interested may be affect the execution or completion of the project. A stakeholder may also exert influence over the project and its deliverables.
Statement of Work (SOW) A narrative description of products services or results to be supplied.

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