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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Find a term you want defined that isn’t on this project management glossary? Business Plan A formal document that clearly defines the business goals of a project and how to attain them. It helps to model the maturity of the capability of business process by defining steps and managing result metrics to optimize the process.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual Time Expended: The actual time spent on an activity from the Actual Start to the present date. Benefits Framework: This defines the expected benefits of the project, the specific operations it would affect, and how the project's performance would be; a) realized, and b) measured. In most projects, this unit is 'hour'.

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Project Management Methodologies Review (Part 1)

Wrike

These projects begin with a Requirements Breakdown Structure to define strategic project goals based on product requirements, functions, sub-functions, and features. CON: Timelines and budgets are difficult to define, and stakeholders must have the time and desire to be actively involved in the day-to-day work. Benefits Realization.