The standard for project management

Project Cost Management. 

Project Cost Management includes the processes involved in planning, estimating, 

budgeting, financing, funding, managing, and controlling costs so the project can be completed within the 

approved budget.

Project Funding Requirements. 

Forecast project costs to be paid that are derived from the cost baseline for total or 

periodic requirements, including projected expenditures plus anticipated liabilities.

Project Governance. 

The framework, functions, and processes that guide project management activities in order to 

create a unique product, service, or result to meet organizational, strategic, and operational goals.

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Part 3 - Glossary

Project Initiation.

 Launching a process that can result in the authorization of a new project.