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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Business Plan A formal document that clearly defines the business goals of a project and how to attain them. Communications log A record of continuous documentation of communications between project stakeholders managed by the project manager. It is also called a Business Case. It includes the plans to fulfill these goals.

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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.