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Unlock the Power of the Project Management Plan

Velociteach

Acceptable variances, reporting cadence, and status meetings are addressed in the plan. Team size is known, and the project duration can be time-boxed which simplifies estimating the project’s time and cost and monitoring its performance. Stakeholders & Communications Stakeholder engagement is the key to project success.

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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.