Remove PMI Remove Project Cost Remove Project Life Cycle Remove Software Development
article thumbnail

How to Actually Develop a Project Management Plan

Project Risk Coach

It integrates and consolidates all of the subsidiary plans and baselines, and other information necessary to manage the project.”. Subsidiary Project Plans The Project Management Institute (PMI) highlights ten Knowledge Areas. Each of these areas includes a subsidiary plan such as the project scope management plan.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. of a project. Also known as continuous process improvement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Project Management

MPUG

What is a Project The Project Management Institutes (PMI) PMBOK defines a project is “a temporary endeavor undertaken to create a unique product, service or result.” From start to finish, a project usually goes through 5 phases, called the Project Life Cycle.

article thumbnail

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Use of Benefits of Tools for Project Risk Management,” T. 255, April 2010. 920, November 2004. 1, March 2014.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. A CAPM is often a basic requirement for project management roles.

article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

Today’s PMI activity code, I’ll have up on the screen here in a minute. As such, he oversees the production and maintenance of courses on project management, systems engineering, software development, business process improvement, and cyber security. Jeff: PMI took a stand back and said, you know what?

PMI 59