Remove Budget Remove Change Management Remove Lean Remove Performance Measurement
article thumbnail

The Functions of a Project Management Office

Project Pulse Journal

By: Hajime Estanislao, PMP, CSM Are there projects missing deadlines, going over budget, or failing to meet expectations within your organization? It is a focal point for project oversight, resource management, and decision support, providing the organizational structure used to manage people, processes, and tools in project execution.

PMO 52
article thumbnail

125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. process, policy, practices, perceptions, etc.)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

The amount of money allocated to a specific project is referred to as the project budget. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. It documents the complete process an end-user needs to perform in order to achieve specific goals.

article thumbnail

Complete Collection of Project Management Statistics 2015

Wrike

Project Management Methodologies. 59% say either most departments or their entire organization uses standard project management practices. [6]. Organizations that use a methodology: 38% meet budget. VS. Organizations that don’t use a methodology: 31% meet budget. 18% — Delivered within budget. 71% meet scope.

2015 60
article thumbnail

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.

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a project management methodology focused on team communication and feedback rather than strict following rules and scripts. . is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) .

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a project management methodology focused on team communication and feedback rather than strict following rules and scripts. . is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Budget at Completion (BAC) .