Glossary of Project Management - P

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• Planning in organizations and public policy is both the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired goal on some scale.

• Portfolio in finance is an appropriate mix of or collection of investments held by an institution or a private individual.

• PRINCE2 : PRINCE2 is a project management methodology. The planning, monitoring and control of all aspects of the project and the motivation of all those involved in it to achieve the project objectives on time and to the specified cost, quality and performance.

• PRiSM : PRiSM is a sustainability based project management methodology AKA "Green Project Management". PRiSM is a sustainable delivery methodology used to plan and execute all of the aspects of a project while decreasing the negative impacts on the environment by taking into account the delivery itself and the project deliverable's cradle to cradle impact.

• Process is an ongoing collection of activities, with an inputs, outputs and the energy required to transform inputs to outputs.

• Process architecture is the structural design of general process systems and applies to fields such as computers (software, hardware, networks, etc.), business processes (enterprise architecture, policy and procedures, logistics, project management, etc.), and any other process system of varying degrees of complexity.

• Process management is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering.

• Product breakdown structure (PBS) in project management is an exhaustive, hierarchical tree structure of components that make up an item, arranged in whole-part relationship.

• Product description in project management is a structured format of presenting information about a project product

• Program Evaluation and Review Technique (PERT) is a statistical tool, used in project management, designed to analyze and represent the tasks involved in completing a given project.

• Program Management is the process of managing multiple ongoing inter-dependent projects. An example would be that of designing, manufacturing and providing support infrastructure for an automobile manufacturer.

• Project : A temporary endeavor undertaken to create a unique product, service, or result.

• Project accounting Is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management.

• Project Cost Management A method of managing a project in real-time from the estimating stage to project control; through the use of technology cost, schedule and productivity is monitored.

• Project management : The complete set of tasks, techniques, tools applied during project execution'.

• Project Management Body of Knowledge (PMBOK) : The sum of knowledge within the profession of project management that is standardized by ISO.

• Project management office: The Project management office in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation, guidance and metrics on the practice of project management and execution.

• Project management process is the management process of planning and controlling the performance or execution of a project.

• Project Management Professional is a certificated professional in project management.

• Project Management Simulators are computer-based tools used in project management training programs. Usually, project management simulation is a group exercise. The computer-based simulation is an interactive learning activity.

• Project management software is a type of software, including scheduling, cost control and budget management, resource allocation, collaboration software, communication, quality management and documentation or administration systems, which are used to deal with the complexity of large projects.

• Project Management Triangle is a model of the constraints of project management.

• Project manager : professional in the field of project management. Project managers can have the responsibility of the planning, execution, and closing of any project, typically relating to construction industry, architecture, computer networking, telecommunications or software development.

• Project network is a graph (flow chart) depicting the sequence in which a project's terminal elements are to be completed by showing terminal elements and their dependencies.

• Project plan is a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed.

• Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment.

• Project stakeholders are those entities within or without an organization which sponsor a project or, have an interest or a gain upon a successful completion of a project.

• Project team is the management team leading the project, and provide services to the project. Projects often bring together a variety number of problems. Stakeholders have important issues with others.

• Proport refers to the combination of the unique skills of an organisation's members for collective advantage.