BrightWork Glossary

Find everything to do with project portfolio management including the best ways to use your project management solution – tips, best practices, how-to guides, and more!

C

Change Management Plan

A detailed plan outlining how changes to the project will be managed and controlled.

Critical Path Method

A method used to plan and control a project, identifying the longest stretch of dependent activities and time required.

K

Key Performance Indicators

Quantifiable measurements used to gauge performance or progress in achieving key objectives of a project.

P

Project Calendar

A schedule that outlines the specific times and dates for tasks, milestones, and deadlines within a project.

Project Charter

A document that formally authorizes a project, outlining its objectives, scope, and stakeholders.

Project Governance

The framework and processes that guide project management, ensuring accountability and alignment with organizational goals.

Project Life Cycle

The series of phases that a project goes through from its initiation to its closure.

Project Management Processes

The systematic series of actions directed towards the completion of a project, typically involving initiation, planning, execution, monitoring, and closure.

Project Milestone

A significant event or achievement in a project, marking the completion of a major phase of work.

Project Planning

The process of outlining the steps, resources, and timeframe needed to complete a project.

Project Portfolio

A collection of projects managed and coordinated as a group to achieve strategic objectives.

Project Portfolio Management

The centralized management of one or more project portfolios to achieve strategic objectives.

Project Requirements

The detailed specifications and requirements that a project must fulfill.

Project Scope

The defined boundaries and deliverables of a project, detailing what is included and what is not.

Project Sponsor

An individual or group who provides resources and support for a project and is accountable for its success.

Project Sprint

A set period during which specific work has to be completed and made ready for review, used in Scrum.

Project Team

A group of individuals who work together to achieve the goals and objectives of a project.

W

Work Breakdown Structure

A hierarchical decomposition of a project into smaller, more manageable components.

Manage Projects with Microsoft 365, Power Platform, and Teams

Collaborate seamlessly from anywhere, with BrightWork 365 and Microsoft Teams