Remove Budget Remove Course Remove Event Chain Remove Governance
article thumbnail

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. E – Project Management Terms Earned value management (EVM) A way to measure project performance, and is commonly used in government projects.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Activity: A distinct, identifiable portion of work done during the course of a project. Audit: The process of analyzing a project to ensure that it is being governed as intended. Authorization Points: Specific points during the course of a project at which the sponsor reviews the business case and approves the project onwards.