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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Certified Associate in Project Management (CAPM) An entry-level certification offered by the Project Management Institute. 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 about how to use milestones in project scheduling.

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The Complete Glossary of 614 Project Management Terms

Workamajig

It doesn’t matter whether you’re working towards your PMP certification or simply managing projects casually in your organization, knowing core project management terms always helps. Budget : The sum total of all the money allocated for a project. Budget Cost: The cost of the project estimated at the start of the project.