Approver
An approver has the authority to confirm a project process or stage and allow the project manager to move forward. In Information Technology at Virginia Tech, usual approvers are the IT Line Managers with direct report to the Vice President of Information Technology, as shown in this organizational chart.
Customer
For the purposes of this project management standard a customer can be a client, sponsor, or stakeholder.
Department Head
Department head refers to any position that functions as the administrative head of a department or program and includes titles such as department chairs, institute or center directors, and other administrators.
Independent Verification & Validation
Independent Verification & Validation (IV&V) is the evaluation of project deliverables by an independent third party outside the development organization, to confirm they meet specified requirements (verification), and meet the needs of the intended target audience (validation). IV&V services are solicited and procured as needed for very high risk, complex, information technology projects.
Life Cycle Cost
Life Cycle Cost is a financial estimate designed to help the project manager and stakeholders value the direct and indirect costs associated with computing assets. Life-cycle costing considers the entire life-cycle of the information technology deployment including acquisition, implementation, operations, maintenance, and replacement. Life Cycle Cost is sometimes referred to as total cost of ownership.
Maintenance and Operational Activities
Activities undertaken in support of an existing product or service, will not be defined as projects for the purposes of this standard, so long as the bulk of the effort involves continuation, with improvement, to the current product or service. This may apply whether or not the activity involves significant cost or extensive procurement. For example, routine software upgrades and network component replacements are not necessarily projects. Utilization of project management principles and techniques in the management of maintenance and operational activities are encouraged, whether they are defined to be projects or not.

"Projects and operations differ primarily in that operations are ongoing and produce repetitive products, services, or results. Projects (along with team members and often the opportunity) are temporary and end. Conversely, operations work is ongoing and sustains the organization over time. Operations work does not terminate when its current objectives are met but instead follow new directions to support the organization's strategic plans." (PMBOK, Fourth Edition)
Managed Project Baseline
A time-phased plan that incorporates the university/college governing authority's approved changes to the project scope, cost, schedule and technical strategies. Following integrated change control processes, the plan allows for managed changes to all project baselines. It is understood that the rapidly evolving nature of information technology (IT) can significantly impact project scope, cost, schedule, and technical strategies requiring the management of the project baselines.
Personal Portfolio
Stores the documented credentials of a project manager in either hard copy or electronic format. Scholar is recommended for electronic storage. Electronic credentials should be stored in portable document format (pdf).
Project
A project is a temporary endeavor undertaken to create a unique product, service, or result (PMBOK, Fourth Edition).
Project Leader
May or may not be the same individual in the role of project manager. If not the same individual, the project leader is responsible for the projects vision and for enabling, developing, challenging, and inspiring the project team.
Project Manager
An individual with professional credentials and/or project management training or experience, responsible for achieving the project goals and objectives. See Project Manager Selection & Training.
Project Plan
Refers specifically to a Microsoft Project, project plan (.mpp file).
Project Document Repository
The collection of all project documentation (e.g., forms, project plan, checklists, etc.) for the entire project life cycle.
Research Projects, Research Initiatives, and Instructional Programs
Research projects, research initiatives, and instructional programs are not defined to be projects for the purposes of this standard. Utilization of project management principles and techniques in the management of research projects, research initiatives, and instructional programs are encouraged, whether they are defined to be projects or not.
Sponsor
The person or group responsible for starting or scoping the project and project team. The sponsor removes roadblocks, provides resources, in cash or in kind, and gets help for the team when necessary. The sponsor is usually not a "member" of the project team and may only occasionally attend meetings. The sponsor intervenes if they believe the project team has gotten off-track, or are working on goals inconsistent with the project scope.
Steering Committee
The Steering Committee is a group of project stakeholders with the responsibility of reviewing the analysis of change requests, making an implementation decision, and documenting that decision.
Work Breakdown Structure
The work to be executed by the project team to accomplish project objectives and produce expected project deliverables. It is the breaking down of project tasks into manageable units of work and with sufficient detail to show how project deliverables are accomplished.

Project Scorecard Terms

Budget Risk
degree of underfunding, degree of budget uncertainty, amount of budget spent on outside vendor or consulting agency product, harshness of penalty for budget overrun
Complexity Risk
number of departments/units actively working on project, size of staff, project duration
Effect on Business Goals
effect of the project's overall success or failure on the business goals of the unit, department or the university.
Exposure
Sensitive data, e.g., SSN, CC #; Legal ramifications, e.g., HIPPA, FERPA, G-L-B; Exposures, e.g., unsecured physical access, natural disasters, power outage
Innovation Risk
amount of new technology, new processes and procedures, new management approaches.
PII/FERPA
- any electronic storage and transmission of Personally Identifying Information (PII) such as, Social Security number, Credit card number, Debit card number, Bank account number, Driver's license number, or Passport number.
- handling of student data covered under the Family Educational Rights and Privacy Act (FERPA) which includes records, files, documents, and other materials that contain information directly related to a student.
Quality/Performance Risk
lack of margin of error in results, uncertainty in requirements, presence of externally mandated requirements, harshness of penalty for errors in performance
Schedule Risk
degree of schedule compression, schedule uncertainty, amount of schedule dependence between this and other projects, harshness of penalty for schedule overrun
Total Expenditures
Should include procurement costs, contractual costs, expected budget for new FTEs, and local staff labor costs