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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Its main purpose is to serve as a reference that is compared against the project performance once the execution phase begins. Event chain diagram This is a visual way of demonstrating the relationship between events and tasks and how they impact one another. This is usually executed with online Kanban software.

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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. Event Chain Methodology (ECM). Event chain methodology helps recognize and plan for potential risks that may lie outside the project scope.