Accountability the obligation to report on ones actions. During the execution phase, your bestlaid plan from phase 2 planning is put to work. May be synonymous with task but in some cases it may be a specific level in the wbs e. 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. The execution phase can take as long or longer than the planning phase.
From a to z this comprehensive list will be useful for any project manager, team member or stakeholder or even those wanting to learn more about project management. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. The pmi lexicon of project management terms offers clear and concise definitions for nearly 200 of the professions frequently used terms for anyone involved in project, program, and portfolio management, the lexicon is an essential resource to foster understanding and consistent usage of terminology. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion.
With hundreds of project management terms, including all the latest updates from the newlypublished apm body of knowledge 7th edition, the glossary is the perfect companion for project professionals in their daytoday work, for students studying for apms pfq and pmq qualifications and for training providers looking to create study materials. This is to further the goal of creating a common language for project management. Project management glossary terms usaid learning lab. A onetime effort to accomplish an explicit objective by a specific time. The project management process groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes. Time management is a broad term in project contexts, and can refer to personal time management skills, as well as managing a teams efficiency and managing scheduled dates accordingly. Simply make a copy of the relevant page of the book, mark the error, and send it to. If youre a new business owner, you may be hearing some terms youre not familiar with. Pmp is the worlds leading certification on project management. Wideman comparative glossary of project management terms v5. This list of 30 business phrases can help you understand some of the jargon. Mix play all mix project management videos youtube 5 reasons why you should get into project management duration. Mow pms chapter 20 pm glossary of terms page 1 of 19 reference.
A comprehensive project management glossary project. Our definitions of the most common project management terms will prepare you for the next project meeting. The correct bibliographic citation for this manual is as follows. The amount of time that an activity can be delayed without affecting the early start. The definitive glossary of project management terms. A logical grouping of project management inputs, tools and techniques, and outputs. Download and print the free glossary from our media gallery.
This glossary is a guide to the most commonly used business analysis and project management terms. A management plan that describes how the project management team will implement the quality policy of the performing organization for the specific project. I just keep wonder if there is a better way to go through the glossary terms than have to cover all the definitions with both my hands during reading the term. The original definition has been modified to prevent circularity between process and output, and notes 1 to 5 to entry have been added. 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. Every course has its own glossary, and hence project management is not an exemption. Tasks in project management are activity that needs to be accomplished within a defined period of time.
Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. Each project is unique although similar projects may exist. Please feel free to send comments on typographical, formatting, or other errors. Refers to the process of managing time and schedule of a project, according to the plan. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. Glossary of standard project management terms page i developed by comptia. Quality metrics an operational criterion that defines in specific terms what something such as a characteristic or a feature is and how the quality control process measures it. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. While many of these terms are not mentioned within the body of suite documents, they are nonetheless important to understand project management. Task analysis is the analysis or a breakdown of exactly how a task is accomplished, such as what subtasks are required. Sort through the jargon with our glossary of project management terms and their definitions.
Project management glossary contains a number of project management terms that will help the project team to standardize the project s startup process. There are many financial terms in project management. It is managed by the project management institute and is based on the pmp examination speci. Late dates are calculated by means of a backward pass starting from a speci. Project management glossary of terms activity an element of project work that has an expected duration, and usually consumes cost and resources. Time limit is a narrow field of time, or a particular point in time, by which an objective or task must be accomplished. 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. Glossary of project management terms pass using a speci. At examspm, we have a free course to teach you how you can get certified in the next 6 weeks. Understanding these terms and acronyms is an important. Feel free to distribute this ebook to any one you like, including peers, managers and organizations to assist in their project management activities. This glossary was developed by comptia, using a variety of industry references and a number of project management subjectmatter experts. Phase three in pmboks phases of project management is the execution phase although, this phase may also be referred to as the implementation phase.
Steps can be superimposed onto horizontal swimlanes for the roles that perform the steps activity. This glossary contains more than 600 terms and provides simple, clear explanations. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. A comprehensive glossary of project management terms. The dictionary of project management terms contains 3,400 key terms, words and phrases used in the daytoday practice of project management. Project management has its own terminology and abbreviations, making your entry into the field pretty hard. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. Pmp glossary of terms and definitions related to the project management professional body of knowledge acceptance this is a response to a risk event, generally made when the probability of the event andor its impact are small. The following definitions are provided for commonly used terms used by scheduling, estimating, project construction management, and contract administration professionals, and construction claims experts involved with engineering and construction projects. Establishing standardized definitions for common project management terms is a challenge, even. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Glossary of standard project management terms geam. To make project management basics more clear to you, here is a list of the most important pm terms and glossary with a short explanation. Project management glossary and project planning glossary.
This constitutes one of the common terms and core definitions for iso management system standards given in annex sl of the consolidated iso supplement to the isoiec directives, part 1. This is an accounting term that refers to the credit debt your business has incurred. Scheduling, estimating, projectconstruction management. Time management is a broad term in project contexts, and can refer to personal time management skills, as well as managing a team. The complete glossary of project management terms smartsheet. Activities generally cover one or more tasks from a work package. Project management process groups are not project phases.
Glossary of business management terms the balance careers. Project management has been increasing in visibility both inside and outside the executive office. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. Key terms, definitions, and acronyms following is a list of common terms, definitions, and acronyms used within the project management industry. Now in its third edition, this dictionary contains 3,400 key terms, words, and phrases used in the daytoday practice of project management. Along with traditional project management terms, it includes broader business terms to help seasoned managers and their successors navigate more easily the ubiquitous language of project speak. Free glossary of project management terms and definitions. Pmi permits and encourages the use of specific terms and definitions. If you know these financial terms well as a project manager, you will be more confident about choosing the right project. Project charter the document which gives authority to the project manager and contains highlevel.
Since january 2016, the lexicon committee has been chartered to maintain the lexicon. Project management professional pmp is a globally recognised certi. Agileagile or agile development is a modern approach to. It uses resource optimization techniques like resource leveling and requires that activity start times be flexible. Please feel free to send comments on typographical, formatting, or other. Glossary of project management terms and acronyms used by project managers and business professionals. They are mostly related to project selection methods and especially to the most common approach for project selection which is the economic model. The following glossary has been developed to help you succeed as a project manager by.
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