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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects. Devin Deen explains how to use Activity on the Arrow diagramming to chart the critical path in this video.

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What Is a Project Scope Baseline & How to Create One?

ProjectManager.com

In this video, our host Jennifer Bridges PMP explains how to define the project scope and why it is important to create a scope baseline for your projects. A scope baseline is an approved version of your project scope, which is documented in a scope statement , work breakdown structure (WBS) and WBS dictionary. Thanks for watching!

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What Is Program Governance? Importance & Benefits

ProjectManager.com

For a program governance framework to work, it must be repeatable and structure activities, such as communication, monitoring and more. This requires an organization to structure itself for program management and have the necessary tools to monitor and control the program effectively. Get started with ProjectManager today for free.

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Production Reporting: What to Include in a Production Report

ProjectManager.com

Monitoring and controlling that process ensures that deadlines are met and costs aren’t exceeded. It’s a document that includes manufacturing KPIs that allows organizations to track various aspects of their manufacturing process such as for the production volume that’s manufactured over a specific period.

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Warehouse Management: How to Run Efficient Warehouse Operations

ProjectManager.com

Some of those processes, such as managing inventory, tracking quantities, monitoring expiration dates and organizing products based on customer demand fall under inventory management. They need a clear understanding of the planning, scheduling and monitoring of warehouse operations to ensure that they’re being done properly.

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How to Manage Stakeholder Expectations

ProjectManager.com

A stakeholder map has four quadrants, keep satisfied, manage closely, monitor and keep informed. Create a Project Scope Document and Have it Approved by Stakeholders A scope document explains the boundaries of the project. Document the stakeholders: Not everyone is a stakeholder.

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

But what is a schedule of values and why is it such an essential construction project management document? The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. We’ll answer these questions, explain when the schedule of values is used and the benefits of using one.