Approval
See Approve
This term is defined in the 3rd edition of the PMBOK but not in the 4th.
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- Approve
Approve is a verb that refers to the act of officially signing off or sanctioning a particular item, task, conclusion, or result. In a more general sense it can be defined as to consider favorable, acceptable, or good such as in the following usage, “I approve of your decision to buy a hybrid automobile, as [...]
- Change Control Board (CCB)
The phrase change review board (also known by the acronym CCB) refers to any group of individuals within a project team or project group who are responsible for making the ultimate decision as to when and if any particular changes are to be made in regards to work products or schedule events. The process in [...]
- Change Control System [Tool]
A change control system is any system that has been implemented that serves the essential purpose of assuring that the process of making changes is not done arbitrarily and without thought but rather is carefully considered and ultimately signed off on by a responsible party. The change control system typically encompasses not only the specific [...]
- Scope Verification
With project management, once the scope of the project has been defined, it is important to get the approval of stakeholders before proceeding further. If the project is small it might only require a single signature from the main sponsor or client for scope verification however with larger projects there may be a number of [...]
- Budget
The noun budget is one that is used by nearly every individual and corporation on a daily basis. It can be defined, generally, as a particular sum of money that has been allocated for a particular item, prupose, or event over a specific or fixed period of time. An example of the term “budget” defined [...]