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APMIC:Section 1

TermDefinition
Business-as-usual An organisation's normal day-to-day operations.
PESTLE Strategic analysis tool to identify the factors that could impact upon the project. Political, Economic, Social, Technological, Legal, Environmental
PRINCE2 A project management method created for government projects. It is an acronym standing for Projects in Controlled Environments.
Project A unique, transient endeavour undertaken to achieve planned objectives.
Programme management The coordinated management of projects and change management activities to achieve beneficial change.
Portfolio management The selection, prioritisation and control of an organisation’s projects and programmes in line with its strategic objectives and capacity to deliver.
Environment The circumstances and conditions within which the project, programme or portfolio must operate.
Life cycle The inter-related phases of a project, programme or portfolio and provides a structure for governing the progression of work.
Phase The major subdivision of a life cycle.
Sponsor This role is accountable for ensuring that the work is governed effectively and delivers the objectives that meet identified needs.
Board A body that provides sponsorship to a project, programme or portfolio.
Responsibility assignment matrix (RAM) A diagram or chart showing assigned responsibilities for elements of work.
Organisational breakdown structure (OBS) A hierarchical way in which the organisation may be divided into management levels and groups, for planning and control purposes.
Created by: lworsley
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