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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

This chapter digs deeper into a powerful tool for mitigating their impact: buffers. Buffers Mean Planning Spare of What We Might Need Buffers are vital tools in project management, used to mitigate various uncertainties. This visual tool, when intersected with the buffer consumption rate, offers a clear picture of project performance.

2016 52
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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. . Automated Scheduling Tool. Budget at Completion (BAC) . is initial data for your project performance measurement necessary for the start.

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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. . Automated Scheduling Tool. Budget at Completion (BAC) . is initial data for your project performance measurement necessary for the start.

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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.

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

MPUG

Out of those 49 processes, you really had a lot of things you could memorize and say, oh, I can get that right on the test because I know all of the ITTOs or all of the inputs, tools, techniques, and outputs. The level of engagement, the tools, as well as different methods and artifacts. This is too predictable. It’s too rigid.

PMI 59
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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

This chapter digs deeper into a powerful tool for mitigating their impact: buffers. Buffers Mean Planning Spare of What We Might Need Buffers are vital tools in project management, used to mitigate various uncertainties. This visual tool, when intersected with the buffer consumption rate, offers a clear picture of project performance.

2016 52