Archives: Definitions

Requirements in the form of guidelines that are approved by a recognized, governing organization for the project. As they related to projects, compliance with project standards is helpful but not mandatory, as is required with Regulations.

Required or mandatory requirements in the form of guidelines that are issued by a governing, official organization.

Lessons learned include recorded observations that answer questions. Similar to historical information, lessons learned are considered to be organizational process assets. What was the plan? What was supposed to have happened? What actually happened, and why? How can these issues be avoided next time?

Represented by triple constraints: the original project plan scope, time duration, and costs plus approved changes. Is important to remember that if the plan changes, those changes become part of the project baseline once they have been approved. For example, if your project was to build a bookshelf with two shelves, and the customer decides … Read more

Records and documentation resulting from previous projects and used during project planning. Within the PMP certification exam, these are also known as organizational process assets.

Final delivery of a project within the set boundaries of project scope, costs, scheduling, quality, and customer satisfaction.

The application of skills, resources, and knowledge needed to satisfy project requirements.

Observed traits or characteristics of a project that emerge over time. For example, specifics that are not known at the start of a project may emerge or be refined once the project has begun.

The entire investment of an organization in both projects and programs.

A coordinated group of related Projects