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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun.

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A How to Guide on Initiating a Project

Project Pulse Journal

Prepare a Business Case : Outline the reasons for undertaking the project, including the estimated costs, timelines, benefits, and risks involved. This should include cost estimates, resource availability, and technology assessments. PRINCE2 is widely used in the UK government.

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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.

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Complete Collection of Project Management Statistics 2015

Wrike

3% use PRINCE2. [4]. Lean & Test Driven Development (TDD) – 11%. Government – Federal. Government – City/State/Local. Estimated Project-Oriented Job Openings 2010-2020: . Inadequate cost estimates – 29%. Inaccurate task time estimate – 27%. Popular Methodologies: 41% use PMBoK. 69% to 45% ). [12].

2015 60
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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.

2003 46
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Risk Management Resources

Herding Cats

requires making estimates) ? Estimation of Long?Term Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006. Making these decisions in the presence Uncertainty ? reducible and irreducible ?

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A Compendium of Risk Management Resources

Herding Cats

requires making estimates) ? Estimation of Long?Term Risk Analysis & Estimating Uncertainty … and what this has to do with the price of milk in McLean,” Phil Beenhouwer, The Society of Cost Estimating & Analysis (SCEA), May 17, 2006. Making these decisions in the presence Uncertainty ? reducible and irreducible ?