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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

It’s not merely data backup, but includes that and every other detail to ensure the project isn’t derailed by considering short- and long-term events and how to respond to them. Cost Benefit Analysis How to calculate the potential benefits of a project in terms of money and then subtract the cost of the project from this figure.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Approach Analysis : A technique to analyze the various methods that can be used to meet the project's goals. Approach Analysis is used during the Planning phase of each project. Critical Path Method: Also called Critical Path Analysis, CPM is an algorithm for scheduling project activities. Else, the project has a budget deficit.

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Project Management Methodologies Review (Part 1)

Wrike

Event Chain Methodology (ECM). Event chain methodology helps recognize and plan for potential risks that may lie outside the project scope. Event chain methodology helps recognize and plan for potential risks that may lie outside the project scope. Most projects don’t go exactly according to plan.