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PM Phases

General knowledge of PM phases

Key TermsDefinition
Initiating Phase Involves defining the project and establishing its feasibility
Project Charter Formal document that defines the project's purpose, scope, objectives, and stakeholders. It is typically created by the project sponsor or project manager and is used to establish a common understanding of the project’s deliverables.
Work Breakdown Structure (WBS) Hierarchical decomposition of the project scope into manageable, smaller components. It is used to identify all the tasks required to complete the project and to define the relationships between them.
Project Scope Defines the boundaries of the project and identifies what is included and excluded from the project. It outlines the project deliverables, objectives, and requirements.
Project Objective The project objectives are the measurable results that the project is expected to achieve within a specific timeframe.
Project Schedule a timeline of the project tasks and milestones, including start and end dates, dependencies, and resource allocation.
Created by: sulllengermarie
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