Remove Budget Remove Definition Remove Event Chain Remove Software
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The Complete Glossary of 614 Project Management Terms

Workamajig

The agile approach is usually used in software projects where the scope is not always known and adaptability is prioritized. 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.

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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).