| Cost account | A control point of one or more work packages used to plan, schedule, and control the project. The sum of all the project cost accounts represents the total cost of the project.
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| Milestone | An event that represents significant, identifiable accomplishment toward the project's completion.
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| Organization breakdown structure | A structure used to assign responsibility for work packages.
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| Priority matrix | A matrix that is set up before the project begins that establishes which criterion among cost, time, and scope will be enhanced, constrained, or accepted.
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| Process breakdown structure | A phase-oriented grouping of project activities that defines the total scope of the project. Each descending level represents an increasingly detailed description of project work.
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| Project charter | A document that authorizes the project manager to initiate and lead a project.
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| Responsibility matrix | A matrix whose intersection point shows the relationship between an activity (work package) and the person/group responsible for its completion.
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| Scope creep | The tendency for the scope of a project to expand once it has started.
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| Scope statement | A definition of the end result or mission of a project. Scope statements typically include project objectives, deliverables, milestones, specifications, and limits and exclusions.
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| Work breakdown dictionary | A hierarchal method that successively subdivides the work of the project into smaller detail.
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| Work breakdown structure | A hierarchical method that successively subdivides the work of the project into smaller detail.
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| Work package | A task at the lowest level of the WBS. Responsibility for the package should be assigned to one person and, if possible, limited to 80 hours of work.
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