Glossary

The financial resources allocated to execute the project, including costs for tasks, resources, and contingencies.

Something contracted for delivery. It is a tangible item or intangible objective, but crucial to the success of the project. It helps you clarify what brings the project: What will remain after the end of the project? Which “products will you be able to show?” How will you be able to “justify” the use of the European funds? It can be a report, a document, some project building block or the end product delivered at the end of a project.

A measurable factor used to assess progress or performance toward project objectives.

A milestone is a significant point or event in a project timeline that marks the completion of a major phase, activity, or decision. It has no duration and is used to monitor project progress.

A clear, concise statement about what an activity is meant to accomplish. Objectives are written to be SMART: specific, measurable, achievable, realistic, and time-bound. A successful project meets all its stated objectives

A result is the outcome or effect achieved as a consequence of project activities. It represents what has been accomplished or changed because of the project

An uncertain event or condition that could positively or negatively impact project objectives.

Any individual or organization affected by or involved in the project (e.g., students, faculty, sponsors, NGOs)

In project management, a task is a unit of work or activity needed for progress towards project goals. Typically, a task must be completed by a set deadline. Tasks may be further broken down into assignments or subtasks

A group of related tasks