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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

The baseline is established based on different sources of information such as project files from previous projects or subject matter expert opinions. There may also be some background information about the organization or team tasked to reach this goal. It is also called a Business Case. It includes the plans to fulfill these goals.

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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

CON: Due to its flexibility, the Adaptive Framework may lead to project delays or increased budgets. Continuous collaboration is key, both among team members and with project stakeholders, to make fully-informed decisions. You deliver a CRM with those features on time and within budget. Event Chain Methodology (ECM).