Project

An uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.

The part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks and deadlines.

The executive or system owner who charters the project. He or she must be high enough in the organization to be able to make decisions and provide the necessary resources and support for the project.

A formal, approved document that defines how the project is executed, monitored and controlled. It may be a summary or detailed and may be composed of one or more subsidiary management plans and other planning documents.

The process of determining risks that could potentially prevent the project, program or investment from achieving its objectives. It includes documenting and communicating the concern.