Remove Change Management Remove Estimate Remove Lean Remove Project Cost
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

Any situation or event that can cause problems in project execution. . It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. Any discussion between teams to resolve difference on opinions or any other issues that negatively affect project execution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mastering the project life cycle: Your complete guide (+ examples)

Resource Guru

Phase 2: Planning—the foundation of your entire project Once you have the green light for the project, it’s time for planning. A real possibility considering that nearly 50% of all projects experience scope creep. Scope creep causes project delays, resource allocation issues, and budgeting problems. Proper communication.

article thumbnail

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.

article thumbnail

The Best 53 Project Management Blogs You Should Be Reading

Paymo App

Using Return on Investment to Evaluate Project Management Training. What to expect: As a Lean and Agile project management expert, Corinna Baldauf shares her knowledge to help PM professional find and fix process problems. Who is the Cassandra on YOUR project? Understanding Project Costs in a Simple Way.

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. is the description of all activities planned for completing a project. Analogous Estimating .

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. is the description of all activities planned for completing a project. Analogous Estimating .