Remove Application Development Remove Budget Remove Critical Chain Remove SCRUM
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Waterfall Should Have Never Existed: Part 1

MPUG

I’d like to begin by sharing a brilliant quote that puts the latest project management fashion, Agile, into humbling perspective: “ A Waterfall project is just an Agile (Scrum) project with one huge sprint! The latter, Dynamic Systems Development Method (DSDM) came from the Rapid Application Development movement.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed. Budget Cost: The cost of the project estimated at the start of the project. Note that the budget cost is not the same as the budget.