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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.

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Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

At what points in the project will this maturity be assessed to confirm progress is being made? The answers to each of these questions require making estimates in the presence of uncertainty. In this plan, larger variances can be tolerated in the early parts of the project. No Point Estimate of Cost or Duration can be Correct.