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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Its main purpose is to serve as a reference that is compared against the project performance once the execution phase begins. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Learn more in our Ultimate Guide to Gantt Charts.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Bookmark this project management glossary and refer to it whenever you come across any project management jargon. Base Date: A date that serves as the reference (or 'base') for the start of a project calendar. Budget : The sum total of all the money allocated for a project. All Project Management Terms.