219Glossary
Project Business Case This should be part of the documentation during
the initiation phase of a project. It should lay out the reason for the
project, what its value is expected to be, and how that value may
be affected by factors such as project duration.
Project Control The processes by which a sponsor/customer or other
stakeholder can ensure that a project is being performed in a
way that will achieve its important goals. Because a project is an
investment, the most important of these goals that should be con-
trolled is value above-cost, our project prot.
Project Management Institute (PMI) An organization of professionals
in the project management discipline. It is based in the United
States but has chapters throughout the w ...