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The Complete Glossary of 614 Project Management Terms

Workamajig

These standards serve as the 'benchmark' against which performance can be measured. Benefits Framework: This defines the expected benefits of the project, the specific operations it would affect, and how the project's performance would be; a) realized, and b) measured. In most projects, this unit is 'hour'.

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

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) . is initial data for your project performance measurement necessary for the start. Budgeting . Analogous Estimating .

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

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) . is initial data for your project performance measurement necessary for the start. Budgeting . Analogous Estimating .

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time.

2016 52
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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

” Eli Schragenheim The lesson is: when you ask for a clear one-number estimation, without defining the level of common and expected uncertainty, then you either might face big surprises or face frequent occurrences, where the project/mission finished exactly on time.

2016 52
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Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

Now up to this point, session number one of our series, we were discussing a system for value delivery, which meant for the most part, PMI wanted to paint five primary contextual concepts defining the system for value delivery. And so it was appropriate to say, okay, they budgeted 500 hours for me to get the list of modules accomplished.

PMI 59