Standard : is a “document approved by a recognized body, that provides, for common and repeated use, rules, guidelines, or characteristics for products, processes or services with which compliance is not mandatory.” Standards start out as guidelines and later with widespread adaptation becomes accepted as if they were regulations.
Regulation: is a “document, which lays down product, process or service characteristics, including the applicable administrative provisions, with which compliance is mandatory.
PROJECT MANAGEMENT CONTEXT
Projects: (Temporary & Unique) & Operations (repetitive) Common Characteristics
Project management: Application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Triple Constraint: (Cost, Time and Scope) + Quality, Risk and Customer Satisfaction
Program: Group of related Projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
Portfolio: Collection of Projects, Programs and other work grouped together to facilitate effective management to meet strategic objectives. Projects or program in portfolio may be related or be independent.
PMO: Project Management Office, Project office, Program Office – Centralize and Coordinate the management of project, oversee or administer project, program or both.
Expeditor: Staff Assistant and Communication coordinator. No Power to make decisions (Matrix)
Coordinator: Some authority, power and reports to higher-level manager. (Matrix)
Progressive Elaboration: Progressively means “proceeding in steps; continuing steadily by increments,” while elaborated means “worked out with care and detail; developed thoroughly”