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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

The baseline is established based on different sources of information such as project files from previous projects or subject matter expert opinions. There may also be some background information about the organization or team tasked to reach this goal. 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.

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Project Management Methodologies Review (Part 1)

Wrike

Continuous collaboration is key, both among team members and with project stakeholders, to make fully-informed decisions. Event Chain Methodology (ECM). Risks are difficult to identify and analyze, and project managers may be under pressure by stakeholders to create optimistic timelines, budgets, or deliverables.