Remove Budget Remove Critical Chain Remove Events Remove Prince2
article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

When to Use It: Like agile, the scrum methodology has been used predominantly in software development, but proponents note it is applicable across any industry or business, including retail logistics, event planning or any project that requires some flexibility. Critical Chain Project Management (CCPM).

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Events and milestones are represented as nodes. 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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Start a Career in Project Management: Answers to FAQ

Epicflow Blog

Hybrid, Critical Chain, Critical Path, Kanban, Scrum, Six Sigma, Waterfall [3]. At the initiation stage, a project manager identifies the goals, milestones, deadlines, and budget of a project as well as predicts probable risks. Prince2 certification (pricing starts from $540); .

article thumbnail

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. . is an external factor or event capable of influencing the project’s success. . Budget at Completion (BAC) . Budgeting . Analogous Estimating .

article thumbnail

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. . is an external factor or event capable of influencing the project’s success. . Budget at Completion (BAC) . Budgeting . Analogous Estimating .