project management glossary

corporate constraints

 Limitations to the activities of a corporation. These may be as a result of the corporation's charter, its philosophy or mission, or due to market conditions.

corporate data bank

 See Corporate Memory below.

corporate management

 Management in the private sector intended to survive profitably and indefinitely based on providing a product or service. It recognizes that its products will not live forever but will be superseded by other products having the advantage of superior quality, cost, timeliness or acceptability. This recognition requires corporate management to set aside funds for technological development to maintain market advantage. The overall corporate activity must maintain a satisfactory return on investment for its share holders.

corporate memory

  A term used to describe an organization's historic records and experience, essential for reliable estimating and forecasting.

corporate philosophy

 The underlying assumptions that result in a corporation behaving in a particular way.