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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. This is usually executed with online Kanban software.

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How to Create a Project Initiation Document (Template Included)

ProjectManager.com

It’s used primarily in PRINCE2 methodology, which is an acronym that stands for PRojects IN Controlled Environments. Project Budget Here’s where you’ll make the most accurate estimation of project costs possible. What Is a Project Initiation Document (PID)? It’s similar to a project charter but more in-depth.

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How to Start a Project Management Career

ProjectManager.com

PMI offers PMP certification, but also PRINCE2 Practitioner, though this methodology is mostly found in the UK. The Computing Technology Industry Association (CompTIA) has Project+. There are many others, including Certified ScrumMaster, Associate in Project Management (APM) and Program Management Professional (PgMP).

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The Best 53 Project Management Blogs You Should Be Reading

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But through this clutter, how easy is it to find the most valuable blog feeds out there? Project management blogs and resources can be a primary source of knowledge, especially if project management (PM) experts contribute to them. There are plenty of blogs and websites for beginners and PM students.

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Managing a Football Team Like a PRINCE2 Project

Prince2

According to the National Collegiate Athletic Association, only an estimated 1.5% PRINCE2 is a controlled, consistent approach to projects that allows you to logically plan your tasks and objectives. The post Managing a Football Team Like a PRINCE2 Project appeared first on PRINCE2 Blog.

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Project Manager Job Description (with free copy+paste examples!)

ProjectManager.com

There are two major certifying bodies, PRINCE2 and the Project Management Institute (PMI). While communication is key to address changes and make sure everyone is doing what they need to do, the project manager must also define, schedule and accurately estimate the task duration to develop and maintain a realistic project schedule.

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9 Steps to Managing Risk for Your Projects

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an estimate of three or more on the scale mentioned in No. Estimation. Once you’ve determined what you’ll do to address each risk, estimate how much it will cost you to do so. She is a PRINCE2 and MSP Practitioner and a qualified Corporate and Executive Coach. Assign owners. Assign an owner to each project risk.