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The Complete Glossary of 614 Project Management Terms

Workamajig

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Budget : The sum total of all the money allocated for a project.

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Project Management Methodologies Review (Part 1)

Wrike

We include brief descriptions, pros, and cons for each, and if one captures your attention, we definitely encourage further research. CON: Due to its flexibility, the Adaptive Framework may lead to project delays or increased budgets. You deliver a CRM with those features on time and within budget. Event Chain Methodology (ECM).