There is no standard project management approach that works for all projects. The choice of the right approach for managing a project depends on various factors, ranging from the complexity and type of project to the experience in conducting projects of the organization, the customer’s willingness to be involved in the project, and the normRead… Read more »
BAC Back Charge Backward Pass Bad Debts Balance Balanced Matrix Balanced Scorecard Balanced Scorecard Approach (“BSA”) Bank Banking Bar Chart Bargaining Bargaining Power Barriers Base Bar Chart Baseline Baseline at Completion (“BAC”) Baseline Concept Baseline Control Baseline Cost Baseline Dates Baseline Finish Date Baseline Management Baseline Plan Baseline Review Baseline Schedule Baseline Start Date BasisRead… Read more »
The team behind MOOS Project Viewer just released version 2.9. This version comes with a new feature: integration with Dropbox. Users can now also open Microsoft Project files that are stored on a Dropbox account and not just local files from their computers. The biggest advantage of using a cloud storage service is that theRead… Read more »
While people relatively new to project management understand the advantage of getting a formal certification such as PMP or PRINCE2, especially when looking for a job, many experienced project managers are outraged that organizations place so much emphasis on certifications when screening résumés. They claim that experience is the one that counts, that no formalRead… Read more »
Abstract Resource Abstraction Acceleration Acceptability Criteria Acceptable Quality Level (“AQL”) Acceptance Approval (of results) Acceptance Criteria Acceptance Letters Acceptance Number Acceptance Review Acceptance Test Acceptance Test Procedure (“ATP”) Acceptance Testing Access Accommodation Account Accountability Accountability/Responsibility Matrix Accountable Accountant Accounting Accounts Accrual Accrual Accounting Accrual Method Accrued Cost Accuracy Achievement Acquisition Acquisition Control Acquisition Evaluation AcquisitionRead… Read more »
On this page you will find a glossary of project management terms and acronyms that are being used by project managers and not only in the project management domain. The list was created using various sources including the PMBOK specifications from PMI. A good understanding of these concepts and definitions will increase the chances forRead… Read more »
Every person at some point in his life starts to feel the need to get more organized for a better productivity. Some have this revelation sooner, others later and a few of them will never have such needs… Depending on each individual a better organized work style may be reflected in the use of differentRead… Read more »
A baseline is a reference that is being used as a base for future measurement. In Project Management, the term baseline refers to an accepted and approved project plan. A project baseline is a must for a project manager to monitor and evaluate the success of a project. Without it there is no possibility toRead… Read more »
A Project is a temporary set of actions which aim to create a unique, final deliverable. This concise project definition reveals the major differences between characteristics of projects and operations: Is temporary which means that is subject to change at a certain moment. In fact since it might change at any moment in time makesRead… Read more »
Assumptions are factors considered to be true in the planning phase. As they are not certitudes, a certain degree of risk is involved. In fact, in Risk Identification process as part of the Project Risk Management, assumptions analysis takes an important role. Also, in Qualitative Risk Analysis, assumptions are important input data. Examples of assumptions:Read… Read more »