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PM Essence
Q. This describe the purpose and structure of a project, committee, meeting,negotiation, or any similar collection of people who have agreed to work together?

A. Terms of Reference or TOR describe the purpose and structure of a project, committee, meeting, negotiation, or any similar collection of people who have agreed to work together to accomplish a shared goal. The terms of reference of a project are often referred to as the project charter.
Terms of reference show how the scope will be defined, developed, and verified. They should also provide a documented basis for making future decisions and for confirming or developing a common understanding of the scope among stakeholders. In order to meet these criteria, success factors/risks and restraints should be fundamental keys. Very important for project proposals.

Creating detailed terms of reference is critical, as they define the: Vision, objectives, scope and deliverables (i.e. what has to be achieved) Stakeholders, roles and responsibilities (i.e. who will take part in it) Resource, financial and quality plans (i.e. how it will be achieved) Work breakdown structure and schedule (i.e. when it will be achieved) They should include: Success factors/risks and restraints.

[Source - Internet]

We like to hear what you think!!

Please complete the sentence below with your thoughts in 10-15 words and send them to. The best entry will win attractive goodies from PMI Bangalore India Chapter.

"It is imperative to identify the critical stakeholders at the inception of the project itself as/because............"

Please provide your response by 27th February 2015

Chapter will select the best slogan and felicitate the winner during a Chapter event.

In our last edition, we had asked you to express your thoughts in 10-15 words to continue the following sentence

Operations” keeps the lights on, while Project Management.............

and the best response is . . . "brings new lights on-board"

... and the Winner is - Vivek Saurabh, PMP, Gyansys Inc.

"The Lighter Side of PM”