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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Change control The term for a process to systemically monitor and approve or reject any change requests made to a product or project. Modern project management software applications can streamline finding your project’s critical path to help you manage scope and monitor the project.

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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.