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Wideman Comparative Glossary of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March 2002.

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Project Breakdown Structure - to - Project Cost Management

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Term
Definition     Editor's Choice
 
Source
Project Breakdown Structure
See Work Breakdown Structure. [D01360]

  
Project Brief
A major document typically prepared as the basis for an executive management go/no-go decision at an executive control point. Following a go decision, the document becomes the baseline or control basis for the project control cycle. [D01362]

 FWH
A document submitted with a capital appropriation request for the implementation of a project. A good project brief should include at a minimum:

[D01361]


 CCCP
A statement of reference terms for a project. [D01363]

 WST
See Project Plan. See also Project Charter. [D01364]

  
A statement of the terms of reference for a project, initially provided by the steering committee and subsequently refined by the project board to form part of the project initiation document. [D03912]

 PNG
Statement that describes the purpose, cost, time and performance requirements/constraints for a project. [D04480]

 APM
BS
A statement of reference terms for a project. A written statement of the Client's goals and requirements in relation to the project. [D04481]

 APM
A product of the program definition phase which contains an outline specification for a project within the program plan. [D05073]

 KSI
Project Budget
The amount and distribution of money allocated to a project. [D01365]

 PMK87
The authorized capital appropriation of funds generally based on the estimate contained in the accepted project brief released for the implementation phase of the project. [D01366]

 CCCP
Project Business Management
The management of the business baseline of the project including contracting, subcontracting, planning, scheduling, budgeting, data management, human resources, legal, etc. [D04193]

 CSM
Project Calendar
A calendar that defines global project working and non-working periods. [D01368]

 WST
The base calendar used by a project. [D01367]

 MSP98
Project Cancellation
Point at which a decision is made to discontinue the project and disband its organization. [D01369]

 NPMT
Project Champion
The person who espouses the project and secures for it necessary support and resources. See also Project Sponsor. [D03746]

 CRMP
A senior manager who is above the project manager who gains support and resources for the project. [D01370]

 WST
Project Change
An approved change to project work content caused by a scope of work change or a special circumstance on the project (weather, strikes, etc.). See also project cost changes. [D01371]

 PMK87
Project Change Control Board
A board established for approval of changes to the technical, operations, schedule, or cost baseline for the project. [D04194]

 CSM
Project Charter
A formal document providing authority to a project manager to conduct a project within scope, quality, time and cost and resource constraints as laid down in the document. [D02283]

 RMW
See Project Brief [D01372]

  
See Project Plan. [D01373]

  
A document consisting of a mission statement, including background, purpose, and benefits, a goal, objectives, scope, assumptions and constraints. A project charter clearly documents project definition in order to bring a project team into necessary agreement. [D01375]

 WST
A document issued by senior management that provides the project manager with the authority to apply organizational resources to project activities. [D01374]

 PMK96
A document prepared by the sponsor that includes an overview of what is expected from the project including limits, priorities, requirements and constraints. [D02189]

 PMMJ97
Project Closeout
The full completion of a project signed off by all responsible parties and the finalization of all paperwork. Contractually concluded by a consultant's total performance Certificate. [D01376]

 CCCP
A process that provides for acceptance of the project by the project sponsor, completion of various project records, final revision and issue of documentation to reflect the "as-built" condition and the retention of essential project documentation. See project life cycle. [D01378]

 PMK87
Project Closeout and Startup Costs
The estimated extra costs (both capital and operating) that are incurred during the period from the completion of project implementation to the beginning of normal revenue earnings on operations. [D01377]

 PMK87
Project Closure
The formal end of the project that requires project board approval, and that is normally given at the project closure control point. [D03914]

 PNG
The formal end of a project. It requires the project boards approval. [D01379]

 WST
Project Code
A set of symbols assigned to a set of cost classes or sub-divisions of the scope of work in a project. The project Code reflects a systematic (or hierarchic) sub-division of scope i.e. its work breakdown structure. [D01380]

 CCCP
Project Communications Management
A subset of project management that includes communications planning, information planning, information distribution, performance reporting and administrative closure in an effort to correctly disseminate project information. [D01381]

 WST
Project Communications Plan
A plan which may range from a formal Contact/Responsibility Chart with detailed instructions on a large project, to an informal list of contact names, telephone numbers and schedule of meetings on a small one. [D01382]

 PMGdLns
Project Completion
The point at which the results are handed over to the client, and the project group disbanded. [D01383]

 NPMT
Project Complexity
The extent to which a project, or one of its components, involves a large number of parts, and/or a large number of people, to be coordinated and/or interfaced. In project management, project complexity is typically a reflection of the number of work packages involved and the number of different people required to carry them out.
Editor's Note: The degree of project complexity may well have a bearing on the most appropriate style of management to be applied in the conduct of the project. [D00260]

 RMW
Project Concept Documentation
A concise gathering of the latest key project information prepared at the end of the Concept Phase and presented for approval to proceed to the next phase of project Definition. It incorporates the first stage of project Scope Definition. See also Project Vision Statement. [D01385]

 PMGdLns
Project Configuration Control Board
See Project Change Control Board. [D04195]

  
Project Context
The background or environment in which the project is conducted. Also, the background that justifies the project in the first place. [D03192]

 RMW
Project Control
A project management function that involves comparing actual performance with planned performance and taking corrective action (or directing or motivating others to do so) to yield the desired outcome when significant differences exist. See also commitment. [D00365]

 CCCP
Controlling a projects time, resources, quality, etc. [D01386]

 NPMT
Project Control Cycle
The sequence of activities which are used to steer the project towards conformance with project requirements see control. [D01387]

 FWH
Project Coordination
Communication linking various areas of a project to ensure the transfer of information or hardware at interface points at the appropriate times and identification of any further necessary resources. [D04482]

 APM
BS
Project Co-ordination Procedure
Defines the parties relevant to the project and the approved means of communicating between them. [D04483]

 APM
Project Cost
The actual costs of the entire project. [D01390]

 PMK87
Any of the cost types (appropriation, commitment, expenditure or Estimate to Complete) associated with the total scope of work in a project, i.e. the sum of all cost classes forming the project. The project Cost should comprise all of:
  1. The cost of all work in the planning phases of the project
  2. The cost of all work in the implementation phases of the project
  3. Owners management and overhead costs during the implementation phase (e.g. Consultant Services, Corporate Overheads, Reserve for scope Changes, Land, Financing, etc.)
See also construction cost. [D01388]

 CCCP
The costs required for project implementation. [D01389]

 NPMT
Project Cost Accounting System
A cost accounting system that accumulates actual costs for projects in such a way that total costs for all work in an organization can be allocated to the appropriate projects, normally providing monthly cost summaries; also used in cost planning to summarize the detailed task cost estimates. [D01391]

 SPM 304-9
Project Cost Changes
The changes to a project and the initiating of the preparation of detail estimates to determine the impact on project costs and schedule. These changes must then be communicated clearly (both written and verbally) to all participants that approval/rejection of the project changes have been obtained (especially those which change the original project intent) [D01392]

 PMK87
Project Cost Management
The process of placing responsibility on the designers and implementers to perform within their previously established budgets. Project costs are then collected and reported in a way that Actuals to Budget can be compared, and sound management and technical decisions can be made on the Project. Two simple but essential principles of the process must be clearly understood:
  1. there must be a basis for comparison, and
  2. only future costs can be controlled.
[D01394]

 PMGdLns
A subset of project management that includes resource planning, cost estimating, cost control and cost budgeting in an effort to complete the project within its approved budget. [D01393]

 WST
Definitions for page P10: 50


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