Glossary - Construction Project Scheduling and Control - page 486

Project Control —The continuous process of monitoring work progress, comparing
it to Baseline Schedule and Baseline Budget (what was supposed to happen or
what was planned), finding any variances (deviations from baselines), where and
how much; analyzing the variances to find out the causes and then taking
corrective actions whenever and wherever necessary to bring the project back on
schedule and within budget.
Project Cost Breakdown —See Schedule of Values .
Project Management —The application of knowledge, skills, tools, and techniques
to project activities to meet the project requirements. It is accomplished through
the application and integration of the project management processes of
initiation, planning, execution, monitoring and controlling, and closing
(PMI, 2013).
Project Management Office (PMO) —The department or group that defines and
maintains the standards of process, generally related to project management,
within the organization.
Project Management Plan —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 Management Team —The individuals involved in the management of a
project. This involvement can be in different capacities, at different levels, or at
different times. The team is usually led by the Project Manager (PM) .
Project Manager (PM) —The individual responsible for managing a project and its
completion within its scope, budget, and schedule.
Project Monitoring —A term sometimes used to mean project control. Technically,
it includes the first three functions of Project Control (monitoring, comparing,
finding).
Project Percent Complete —A completion percentage of the work in a project
based on a chosen method of measuring work progress.
Project Plan —See Project Management Plan .
Project Planning —The process of choosing the one method and order of work to
be adopted for a project from all the various ways and sequences in which it
could be done. Project planning serves as a foundation for several related
functions, such as cost estimating, scheduling, project control, quality control,
safety management, and so on.
Project Risk —“An uncertain event or condition that, if it occurs, has a positive or
negative effect on one or more project objective such as scope, schedule, cost,
and quality. A risk may have one or more causes and, if it occurs, one or more
impacts” (PMI, 2013).
Project Scheduling —The determination of the timing and sequence of operations
in the project and their assembly to give the overall completion time. Scheduling
focuses on one part of the planning effort.
Project Tracking —See Project Control .