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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Traditionally, dashboards were created “manually” by assembling select pie charts or data graphs in a presentation view. Learn more about how to use milestones in project scheduling.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual Time Expended: The actual time spent on an activity from the Actual Start to the present date. Audit: The process of analyzing a project to ensure that it is being governed as intended. Budget : The sum total of all the money allocated for a project. Note that the budget cost is not the same as the budget.