project management terms

project management is the application of strategies, skills, and tools to achieve a specific goal, which is most often (drum roll! a baseline is an original plan or estimate for a project’s timeline, budget, scope, and goals. a contingency plan is a detailed emergency backup plan for how to effectively manage any short and long-term disruptions or disasters that could arise throughout the project. earned value management, or evm, is an important way to measure a project’s performance and progress.

mission critical can either refer to any factor that is critical to the success of a project or to the actual project itself being critical to the success of an organization. quality control is a standardized way to ensure that a product, service, or project meets the quality expectations of an organization and its customers. the scope is an outline of the boundaries of all aspects of a project and includes budget, timeline, deliverables, tasks, expectations, and so on. a status report summarizes a project’s progress to date and is based on the initial project plan. dive into the key reasons why organizations need project governance and then uncover how to apply it effectively within your company.

with the evolution of traditional to digital project management, new challenges, solutions, and tools have resulted in a slew of new terms. change management is exactly what it sounds like — the plan or process put in place to deal with unexpected changes on a project. kanban is a very visual project management methodology in which tasks and projects are organized on a board. each okr is composed of an objective, supported by a number of metrics (often three) to measure the objective’s success. project management is a discipline covering the application of processes, expertise, and tools, in order to meet project goals and requirements according to a specific deadline.

the scope is basically the work that needs to be done in order to complete a project. a sprint is the allotted time in which a task or project has to be completed. waterfall is another approach to project management in which a project is completed in distinct step-by-step stages. the work breakdown structure is a hierarchical breakdown of all deliverables required for a project to be considered complete. when you have a full tool stack, it can be tough to keep an eye on what’s going on.

general project management terms 1. project plan 2. work breakdown structure (wbs) 3. critical path method (cpm) 4. project manager 5. project stakeholder. the ultimate resource for project management terminology. get easy-to-understand explanations of all key concepts to make sure you use the 50 project management terms you should know. 1. agile. agile is a method of working quickly that is designed to adapt to rapid changes. teams, .

project management glossary contains a number of terms to standardize project startup process. here are the 50 project management terms you should know! project management terms: m-s milestone mvp okr prioritization product manager product management project coordinator project manager. a formal document that clearly defines the business goals of a project and how to attain them. it is also called a business case. it includes, .

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