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Wednesday, May 11, 2011

Important Terms and Definitions - Project Initiation

The following are some important Terms that we have learnt as part of the Project Initiation Phase.

Assumption - A factor that you consider to be true without any proof or verification. Assumptions can appear in both the input and the output of various processes.
Constraint - A restriction that can affect the performance of the project.
Initiating process group - A process group that contains two processes: develop project charter and develop preliminary project scope statement.
Project charter - A document that states the initial requirements to satisfy the stakeholders’ needs and expectations and also formally authorizes the project.
Project Management Information System (PMIS) - An information system that consists of tools used to store, integrate, and retrieve the outputs of the project management processes. This can be used to support all stages of the project from initiating to closing.
Project scope - The work that must be performed to deliver a product, service, or results with the specified features. The project scope draws the boundaries around the project: what is included and what is not.
Stakeholder management strategy - The approach developed to deal with the stakeholders in the best interests of the project.
Stakeholder register - A document that identifies the project stakeholders and the relevant information about them.
Statement of work (SOW) - A document that describes the products or services to be delivered by the project. It is an input to developing the project charter and the preliminary project scope statement.

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