Remove Closing Remove Lean Remove Project Cost Remove Project Life Cycle
article thumbnail

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

Resource Guru

The project life cycle , just like a good story, has a beginning, a middle, and (hopefully) a happy end. The beginning involves the ever-so-important planning; then comes the middle, where teams complete various tasks to move the project closer to completion; and finally, an end to review what went well and what didn’t.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. of a project. Also known as continuous process improvement.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Professional Development Day 2022 – IGNITE!

International Institute for Learning

In Lean, and therefore Agile, this is recognized by the pairing of two concepts – Deferred Commitments and Last Responsible Moment. like Lean, Project Management and Agile – cannot reduce project costs unless senior decision-makers make timely decisions and take action. The Cost of Perfectionism. “A

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Administrative Closure: A list of the requirements necessary to formally close the project. Adoption: In the life cycle of a project, Adoption is the phase where the project's deliverables are put to use and their benefits realized. Most project management plans also include an HR management plan.

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a process of examining and determining risks of project failure as a result of improper assumption estimation. is a store of all assumptions and constraints created or processed within the project life cycle. . Close Project or Phase Process . Control Costs . Cost Management . Direct Costs

article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

The planning, the executing, the monitoring, controlling, and hopefully you’re getting it right and refining and improving until bam, closing. But delivering as quickly as [inaudible 00:17:09], get it done right now, minimizing project costs, cheap, right? Now, bear in mind, this is all iterative, right? Sorry, Microsoft.

PMI 59
article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a process of examining and determining risks of project failure as a result of improper assumption estimation. is a store of all assumptions and constraints created or processed within the project life cycle. . Close Project or Phase Process . Control Costs . Cost Management . Direct Costs