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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Business Plan A formal document that clearly defines the business goals of a project and how to attain them. The process is designed to increase project efficiency and minimize scope creep by controlling every change and ensuring that changes are made according to set requirements for approving change.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Brief : Also called a Creative Brief, this document outlines the core requirements of the project while it is still being conceptualized. 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.