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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.

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How to Actually Develop a Project Management Plan

Project Risk Coach

Work Breakdown Structure – create a hierarchical decomposition or outline of the scope of work to achieve the project objectives and to create the deliverables. Cost Baseline – approved version of the project budget. Ancillary Project Plans Lastly, consider ancillary plans for your project management plan.

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How to Create a Project Execution Plan (PEP) – Free Template Included

ProjectManager.com

A list of any relevant reports, products, services or new software developments. Some criteria to measure success for the project team. Handing off deliverables on time and within budget can feel like the end of a project, but it’s not. This isn’t busywork—it’s a key part of the project life cycle.

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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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How To Create A Simple Project Plan (Project Planning Process)

PM Basics

There are two critical points you need to take from the charter: Firstly, analyze the nature of the project, the main requirements, assumptions, and constraints. You need to define what project life cycle will work the best. So, you need to ensure that compliance with quality standards is the part of your project scope.