article thumbnail

Kanban History: Origin & Expansion Across Industries

ProjectManager.com

While kanban systems were once analog, they have since moved into the digital space and are often found in project management software. ProjectManager is award-winning project and portfolio management software that has powerful kanban features that can estimate project costs and track resource allocation.

article thumbnail

10 Do’s & Don’ts of Project Cost Management

nTask

Unexpected costs, events, and miscalculations can take your project down the hill in no time. This is where project cost management jumps in. Cost management helps you to mitigate the risk of any surprise costs and budget constraints. What is Project Cost Management? Let’s Begin!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

So for the sake of argument, let’s compare them head to head, and may the best project management methodology win! Kanban is from Japan, originating in the factories of the Toyota car company in the 60s as a lean manufacturing tool for workflow and inventory management. What Is Kanban? What Is the Difference Between Scrum and Kanban?

SCRUM 412
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. Also known as continuous process improvement.

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

Basically, deliverables are the end result of the project execution process. . Any work, task, activity, situation, or event that is either dependant on the project right now or sometime in the future. . Any situation or event that can cause problems in project execution. . Cost Estimation. Lean Six Sigma.

article thumbnail

How To Write a Business Case (and Get Your Project Approved) with free template

Planio

For example, if a new project costs $500,000, but is projected to make $1,000,000 in additional revenue per year, that is a good economic return. Project schedule and action plan: Show how you’ll take the initiative forward, including when you predict key events or milestones will be achieved.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Acquisition Process: The process for acquiring the resources and people needed to complete a project. Events and milestones are represented as nodes. As Late as Possible (ALAP): In project management terms, ALAP is any activity that should be started as late as possible as long as it doesn't delay any of its successor activities.