project management glossary

published model

 A model which has been frozen, and becomes available for instantiating repositories and for the support in defining other models. A frozen model's model elements cannot be changed.

punch list

 A list made near to the completion of a project showing the items of work remaining in order to complete the project scope.

punishment of the innocent

 A humorous reference to what is perceived to happen when projects go wrong and scapegoats are found.

purchase

 Out-right acquisition of items, mostly off-the-shelf or catalog, manufactured outside the purchaser's premises.

purchase order

 A commitment document generally used only for the procurement of materials and equipment by the organization. Its use may be limited to a maximum value. The document is addressed to a supplier and commits the organization to the purchase according to the terms and conditions of the order. A Purchase Order is different from a change order, although it may be modified to double as such.