Communication management plan document that describes. 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. 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. Alerts are often created and managed by system management tools and are managed by the event management process.
Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements gartner analysts observe many clients focused on enhancing the collaboration, communication and resulting project portfoliolevel reporting needed to gain firstline visibility into project demand, project status, resource capacity and utilization. Gtm gotomarket a products gtm or gotomarket is a strategic plan encompassing the major tactics and resources that a company will use to release, promote and sell the product. Activity 1 a component of work performed during the course of a project. This glossary defines the most frequently used words and phrases. A decisionmaking opportunity between phases or iteration in the project life cycle to determine whether the project should proceed as is, proceed with changes, or be terminated. This glossary is a guide to the most commonly used business analysis and project management terms. System a set of interacting, interrelated, or interdependent elements that work as part of a whole. A onetime effort to accomplish an explicit objective by a specific time.
Project management glossary of terms page 6 fall 2007 a acceptance criteria those criteria, including performance requirements and essential conditions, which must be met before project deliverables are accepted. Nov 02, 2015 everything you need to know about project management terms is here in one list. Usually an adjective implying the amount of an asset or liability measured in days of sales, e. This glossary contains more than 600 terms and provides simple, clear explanations. Project accounting is the practice of quantifying the performance of projectbased activity. These definitions provide you with clarity around key concepts and terms that are used in the pricing schedule. During this phase, the design is finalised and used to. For a more comprehensive list of terms used in adb operations, please see the glossary of terms for sovereign and nonsovereign operations. This glossary includes terms pertinent to operations management. Glossary of construction terms, acronyms, keywords, and phrases for construction management, as well as construction project management language and software definitions specific to.
For more information, check out our complete guide to project management life. Project management glossary terms usaid learning lab. Complete system includes all code modules, components, and libraries. Following are some basic product management terms and definitions that any product manager should be familiar with. 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. Explanations of terms and phrases frequently used in adb project documents are listed below. Glossary notes the list below shows the range of definitions on each page. Section i is a listing of basic project management terms. In a project context, estimation is the way to make accurate budgets or timelines for a project. Project cycle management training courses handbook 1 chapter 1 introduction this chapter introduces the handbook, explaining its role as a support to the pcm training programme, and providing an overview of its contents. Each definition is a short description intended to help students and researchers understand biomass terminology. Sort through the jargon with our glossary of project management terms and their definitions.
Project management glossary and project planning glossary. Many words and phrases used in this glossary have a special meaning in the context of investment planning and project management in the public service. Project management terms that every project manager should know. Use the alphabetical index below to locate terms, or scroll through the terms and definitions in the full text glossary. Download and print the free glossary from our media gallery. Project management financial planning glossary of terms f in project management, float is defined as the amount of time a particular task can be delayed without delaying following tasks or the ultimate completion of the project. Records management glossary share please note that this glossary defines terms used in your agreement, this website and our business in general. Deming began his work in quality control in the united states during world war ii to aid the war effort. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion. For more information, check out our complete guide to project management life cycle. Each project is unique although similar projects may exist.
A business analysts glossary for project management. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. Understanding these terms and acronyms is an important. Glossary of project management terms and acronyms used by project managers and business professionals. Accountability the obligation to report on ones actions. A lessons learned session involves a special meeting in which the team explores what worked, what didnt work, what could be learned from the justcompleted iteration, and how to adapt processes and techniques before continuing or starting anew. It project management terms you should know techrepublic. Pcm seeks to consider these issues from the very beginning of the pro. A term in total quality management that implies the degree to which customers are pleased with a product or service. Implementation phase implementation is the third phase of the project life cycle where the project management plan pmp is executed, monitored and controlled. A comprehensive glossary of project management terms. Glossary of terms for investment planning and project. Project management essentials glossary flashcards quizlet.
The project life cycle is among some important project management terms you should know. Project management terms that every project manager should. Alternate name for the plandocheckact cycle, a fourstage approach to problemsolving. Earned value management evm a way to measure project performance, and is commonly used in government projects. Ap days is the average days that a company or plant. A warning that a threshold has been reached, something has changed, or a failure has occurred. 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. Section ii provides definitions for terms you will likely need as your project.
This management dictionary contains a description and explanation of terms and methods. A glossary of terms relating to project management and consulting. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. The project management life cycle is composed of five process groups.
Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. Project management has been increasing in visibility both inside and outside the executive office. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. It includes project planning, analysis, design, implementation, and budget.
The word project is implied in many labels, unless the omission would result in a different meaning. A business analysts glossary for project management terminology. A process improvement technique used to learn about and improve on a process or project. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Project management glossary terms used by project professional. Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements gartner analysts observe many clients focused on enhancing the collaboration, communication and resulting project portfoliolevel reporting needed to gain firstline visibility into project demand, project status, resource capacity and utilization, and cost. The complete glossary of project management terms smartsheet. Glossary of construction terms, acronyms, keywords, and phrases for construction management, as well as construction project management language and software definitions specific to the procore. The terms defined in this glossary are used throughout the bioenergy website and publications. Project accounting is the practice of quantifying the performance of project based activity. You may also be looking for an mba dictionary or mba glossary. The sponsor is also responsible for facilitating acquisition of human resources and for providing insight and feedback to the project manager throughout the duration of the project. Aggregate planning is an operational activity which does an aggregate plan for the production process, in advance of 2 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of.
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. Agreements define the terms and covenants of agreement between adb and a borrower or recipient. It was compiled to assist operations management students in courses at the university of michigan business school. The sponsors is normally a part of the management team director or higher, who can exert influence on the outcome of the project. Wideman comparative glossary of project management terms v5. Roots 5 project cycle management 5 glossary this glossary explains the meaning of difficult words according to the way they are used in this book. A comprehensive project management glossary project. The shewhart cycle is most often a circle with no beginning or end, meaning that the continuous improvement processes of business never stop. For projects relying primarily on human capital, this typically involves tracking time, expenses, budgets, bill rates, and other financial metrics that reveal the performance of a project. This plan is a subsidiary of the project management plan. Free glossary of project management terms and definitions. Heres how evm can be applied over the course of a projects duration. Glossary of business management terms the balance careers.
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