PMP Exam Short Glossary
1. Deliverable A tangible, verifiable work output.
2. Functional Manager Generally, the manager who owns the resources that will be assigned to project activities. Functional managers are considered to be the technical experts and usually provide information about task duration and cost estimates. Project managers engage the assistance of functional managers (also known as line managers) to develop the project plan.
3. Non-Project Driven Generally, these organizations do not have a project methodology in place and are arranged in a functional organizational structure. Work is associated with manufacturing and production lines. Projects are established as needed to improve or support functional lines and activities.
4. Project A temporary endeavor undertaken to create a unique product, service, or result. Has a specific objective, defined start and end dates, funding limitations, consumes resources (human, equipment, materials) and is generally multifunctional or cross-organizational in nature.
5. Project Driven Organization Also known as "project based." In these organizations all work is characterized through projects. Projects are arranged as separate cost centers and the sum of all project work is associated with organizational goals and strategic objectives.
6. Project Management Application of knowledge skills, tools, and techniques to project activities to meet project requirements. Involves initiation, project planning, executing, monitoring, controlling, and closing of project phases and the total project.
7. Project Sponsor The person or organization that authorizes the project and provides the financial resources.
8. Triple Constraint A framework for evaluating competing project demands of Time (schedule), Cost (budget), and Scope (specifications) usually depicted as a triangle. Quality is commonly used in place of, or in addition to, Scope.