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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Agile A methodology for project and product management, typically used to deliver software projects in an iterative way with short bursts of work called “sprints” Though initially designed as a process for IT and engineering projects, it has since been successfully applied to other industries like marketing.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Activity ID: An alphanumeric code used to identify an activity. 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 Cost: The cost of the project estimated at the start of the project.