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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Learn more in our Ultimate Guide to Project Planning.

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.

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Risk Management Resources

Herding Cats

requires making estimates) ? 5, September/October 2011. A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, in Decision Support Systems , Elsevier, 2011. Estimation of Long?Term Making these decisions in the presence Uncertainty ? reducible and irreducible ?

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A Compendium of Risk Management Resources

Herding Cats

requires making estimates) ? 5, September/October 2011. A Simulation-Based Risk Network Model for Decision Support in Project Risk Management,” Chao Fang and Franck Marle, in Decision Support Systems , Elsevier, 2011. Estimation of Long?Term Making these decisions in the presence Uncertainty ? reducible and irreducible ?

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Complete Collection of Project Management Statistics 2015

Wrike

3% use PRINCE2. [4]. Government – Federal. Government – City/State/Local. earned an average of 16% more (approximately $14,500 ) than their non-credentialed peers in 2011. [6]. Estimated Project-Oriented Job Openings 2010-2020: . Inadequate cost estimates – 29%. Inaccurate task time estimate – 27%.

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