Remove Budget Remove Estimate Remove Event Chain Remove Planning
article thumbnail

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Arrow Diagramming Method A network diagramming technique that represents the start and end of activities with arrows to help with scheduling in the project planning phase. Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

article thumbnail

Project Management Methodologies Review (Part 1)

Wrike

CON: Due to its flexibility, the Adaptive Framework may lead to project delays or increased budgets. Planning begins with clients describing how the end product will be used, its benefits, and so on, so the team gets a good understanding of the expectations. You deliver a CRM with those features on time and within budget.