Project Management Terminology

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Agile

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A project management approach in which project phases overlap and tasks are completed in iterations.

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Classic structure

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An organizational structure with a traditional, top-down reporting hierarchy.

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Closing

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The phase at the end of a project during which team members' work is celebrated and how the project went is evaluated.

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Deliverable

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A specific task or outcome.

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Executing

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Completing the tasks necessary to achieve the project goals.

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Initiation

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The project phase that is the launchpad for the entire project; project goals, deliverables, resources, budget, and people are identified at this stage.

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Iterative

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Refers to phases and tasks that overlap or happen at the same time that other tasks are being worked on.

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Matrix structure

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A hybrid organizational structure that is like a grid; includes direct higher-ups to report to, as well as stakeholders from other departments or programs.

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Project manager

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Individual who shepherds projects from start to finish and serves as a guide for their team, using their impeccable organizational and interpersonal skills every step of the way.

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Stakeholder

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People who are interested in and affected by the project’s completion and success.