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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

B – Project Management Terms Backlog Backlog is a term from the Agile methodology Scrum, but is also used across industries to track every single thing that is needed to complete a product in development. There may also be some background information about the organization or team tasked to reach this goal.

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The Complete Glossary of 614 Project Management Terms

Workamajig

A project team might also go through an audit to ensure that there are no lapses in project management. 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. A project sponsor can request an audit.