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The Complete Glossary of 614 Project Management Terms

Workamajig

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. A project sponsor can request an audit.

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Project Management Methodologies Review (Part 1)

Wrike

Once the project has begun, teams cycle through the process of planning, executing, and evaluating tasks — which might change the final deliverable. Critical Chain Project Management (CCPM). Critical Path Method (CPM). Event Chain Methodology (ECM). Most projects don’t go exactly according to plan.