Section ii provides definitions for terms you will likely need as your project. Get easyto understand explanations of all key concepts to make sure you use the. Although some activities are critical in the dictionary sense without being on the critical path, this meaning is seldom used in the project context. In this article, you will learn about the network diagrams, their use, their benefits and how you can use them through sinnaps, the. Apr 25, 2018 10 terms every project team member should know project management terms and definitions project management buzz words can be confusing. The application of processes, methods, knowledge, skills and experience to achieve the project objectives. Critical chain project management ccpm critical chain project management is an approach to managing projects that emphasizes the resources needed to complete project activities over activity order and durations set in a schedule. Earned value measurement project management professional. The ultimate resource for project management terminology.
Considering the needs of the organization for having a successful multilingual terminology, i have compiled this glossary of business and management terms. Progressively improves the project delivery time through the efficient use of project management techniques, tracking tools and human resources. Pm4ngos organization has developed a sketchy guide for project management in ingos building on the pmp standard. All organizations deal with this form of management at some point in the life of their businesses. Wideman comparative glossary of project management terms v5. Project management terminology 2020 project management. Project management glossary terms used by project professional. Project management handbook a working tool for project. From pmo to prince2, well give you the terminology and resources youll. This article is based on and an update of tom mochals article, miniglossary. Effective communication is a key element of successful project management, which makes a common language essential. Acronyms and abbreviations project management knowledge.
The formal process of accepting delivery of a product or. How does a network diagram work in project management. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Project management terminology 10 terms every project. Completing the full project scope in a quality manner, on time, and within budget provides a great feeling of satisfaction. Authority is generally based on the perception that a person has been officially empowered to issue binding orders. The lack of supplier attention has been recognized as a problem on many projects. Section i is a listing of basic project management terms. Owned by the project management institute pmi the project management body of knowledge pmbok is a collection of processes and knowledge areas accepted as best practice within the project management discipline pmp. Project management acronyms for pmp and capm certification. Glossary of project management terms and acronyms used by project managers and business. The companys project and programme managers have real insight into all things good and bad.
Project management in the project international development. Ever need project management information in a hurry. A project is not the final destination, it is a journey. Business leaders often overlook an important asset in their organisation when it comes to restructuring or managing transformational change. Hundreds of thousands of dollars can be saved in lebanon alone. Schedules in project management consists of a list of a projects terminal elements with intended to start and finish dates. Study 11 terms project management chapter 1 flashcards.
Procurement management process will help you to purchase goods and services from external suppliers. Project management in the international development industry the project coordinators perspective lavagnon a. Page 4 of 22 progressive elaboration1 in a project throughout the project life cycle. Morgan henrie, pmp, phd page 2 procurement challenges, critical material damaged in shipment, and supplier induced changes. Let us understand a few important terms of earned value. Your ultimate guide to project accounting and financial management terms understand how consulting firms and professional services teams discuss their business. Mar 21, 2017 a guide to the project management body of knowledge pmbok guide. Plus weve added handy links to help you dive deeper into different topics with videos, articles and even our roundup of all resources so you can put these important terms into practice with your proejcts. List of useful project management acronyms and terminology.
Project management fundamentals itc infotech india ltd. Aug 24, 2006 effective communication is a key element of successful project management, which makes a common language essential. Project management plan pmp the output of the definition phase of a project or programme. The ultimate benefit of implementing project management techniques is having a satisfied customer. Project management, people management, business management. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Apply to it project manager, senior project manager and more. Project management supplychain challenges 2006 morgan. Scientific management is a theory of management that analyzes and synthesizes workflow processes, improving labor productivity. List of useful project management acronyms and terminology critical path the longest path through the project. The complete glossary of project management terms smartsheet. Nov 02, 2015 everything you need to know about project management terms is here in one list. Pv planned value the estimated value of work planned to be done as of today. How does a network diagram work in project management sinnaps.
Realtime righttime is a tailored program composed of modules, each of which. Rethinking project management epsrc network 20042006 final report page 6 of 15 very importantly, the five directions in table 1 are not meant to be the agenda for future research, but an agenda to inform people already working in the field, and those interested in. Schedules in project management consists of a list of a project s terminal elements with intended to start and finish dates. Planning it is about sequencing project activities and milestones into a sensible and logical order it involves linking activities to form a project network to show how different activities are. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. Sort through the jargon with our glossary of project management terms and their definitions. Network diagram project management working help to calculate project duration and create a visual map of your project from start to finish for you. Project management glossary of terms page 8 fall 2007 budget the approved estimate for the project or any work breakdown structure component or any schedule activity. Appendix a glossary of project management terms a activity an element of work performed during the course of a project. The value of project management looking for a way to stay ahead of the pack in todays competitive and chaotic global economy, companies are turning to project management to consistently deliver business results. Project management glossary of terms usaid learning lab. Programme management is the coordinated management of related projects, which may include related business as usual activities that together achieve a. Project management professional pmp is a globally recognised certification in project management. Emerging technologies the new norm for projects featuring kevin coleman march 21, 2017.
Project management professional pmp is a globally recognised certi. An activity normally has an expected duration, an expected cost, and expected resource requirements. Lean a set of principles, concepts and techniques designed for the relentless pursuit of the elimination of waste. Project management terminology in our constant quest to provide you with valuable information, here is a useful list of apm project management terms and definitions which we feel will benefit you, especially those new to the industry and are studying for project management qualifications. Budget at completion bac the sum of all budget values established for the work to be performed on a project or a work breakdown structure component or a schedule activity. Project management glossary terms usaid learning lab. Effective conflict management prevents differences becoming destructive elements in a project. This glossary contains more than 600 terms and provides simple, clear explanations. Lean six sigma the combination of lean and six sigma principles to identify and improve business processes. A comprehensive project management glossary project.
Understanding these terms and acronyms is an important. Your terminology project will probably be just one of many, but every one of them will be a continuous learning experience for which you will have to put in to practice your skills, apply the best methodology, and use the adequate tools e. In this article, you will learn about the network diagrams, their use, their benefits and how you can use them through sinnaps, the project management network diagram software. For example, in prince2 the term acceptance criteria is defined as a prioritized list of criteria that the project product must meet before the customer will accept it. You will be given an additional 5 minutes at the end of the examination to collate your papers. This advanced terminology of project management article will assist you to stay uptodate with current terms of everything project management related. It project management terms you should know techrepublic. Prepare cost estimates annually at a minimum and update according to milestones achieved for those. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. The examination will contain 5 compulsory questions and you are required to answer all 5 questions.
Nfsd project management handbook introduction the purpose of the handbook is to orient and guide project managers of the novartis foundation for sustainable development nfsd and of our partner organisations. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. The complete glossary of project management terminology. Realtime righttime learning provides the framework for a new project management training and education model. Please let me know if you miss an abbreviation or an acronym. Project management, like many professions, has a lot of terminology, abbreviations and jargon unique to the industry. Disciplined project management starts at the portfolio level, where the strategic vision drives initial investments and where value. May, 2016 all organizations deal with this form of management at some point in the life of their businesses. It is managed by the project management institute and is based on the pmp examination specification published by pmi in 2005. This new model leverages existing assets to make project management training and education much more effective while improving project performance across the organization.
Comptia serves the it industry as the worlds largest developer of vendor neutral it certification exams in field such as computer repair, networking, it security, radio frequency identification and project management. Consensus unanimous agreement among the decisionmakers that. In this video, you will learn 10 of the most common. The examination will last 3 hours including reading time. This guide breaks down industry terms and jargon into understandable language.
Project management jargon explained inspire education. A person or company that provides goods or services. Nasa, for example, experienced problems in this area in spite of the. The handbook supports project managers in their daily work, providing some background information on project management as well as. Authority the ability to get other people to act based on your decisions. This can be pretty daunting if youre new to the industry and trying to work out what everything means. The term project management is sometimes used to describe an organizational. Get easytounderstand explanations of all key concepts to make sure you use the. The following list includes all common acronyms and abbreviations that are used in the world of project management.
Every discipline has its own vocabulary, and project management is no. Acronym full form remarks capm certified associate in project management pgmp program management professional pmirep pmi registered education provider. Everything you need to know about project management terms is here in one list. It uses resource optimization techniques like resource leveling and requires that activity start times be flexible. Earned value measurement is better, because it integrates cost, time and the work done or scope and can be used to forecast future performance and project completion dates and costs.
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