Remove Communications Management Remove Estimate Remove Events Remove Project Life Cycle
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

What is Project Management

MPUG

The PMI also notes that a project is typically different from ongoing operations or business as usual and that it requires the coordination of various resources and activities in order to achieve its objectives. From start to finish, a project usually goes through 5 phases, called the Project Life Cycle.

Insiders

Sign Up for our Newsletter

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

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 .

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

Here's an overview of the ten knowledge areas: Project Integration: Encompasses the coordination and amalgamation of diverse project management processes and activities to ensure the realization of project objectives. These risks can manifest in both negative and positive forms.

article thumbnail

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Here are some key concepts for this Knowledge Area: Uncertainty – Uncertainty is a lack of knowledge about an event that reduces confidence in conclusions drawn from the data. Expected time (when) in the project life cycle. The anticipated frequency of risk events from the source (how often). Decision tree.