Remove Initiating Remove Performance Measurement Remove Project Cost Remove Technical Review
article thumbnail

125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. Feasibility Study An analysis of a project’s viability.

article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

This system integrates various components and considerations that play a vital role in facilitating the successful delivery of value within the project context. For example, customer satisfaction is one measurement that a project and operation use to identify whether value is realized.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

The shortest time estimated to complete a specific project task or activity is known as optimistic duration. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. GERT stands for ‘Graphical Evaluation and Review Technique’.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

Business, Technical, Systems, Risk, and Project Management Briefings and Presentations. Project Performance Management (#PPM). Agile Project Management (#APM). Technical Performance Measures (#TPM). Cost, Schedule, and Technical Performance Management (#CSTPM).

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. also known as a Gantt chart, is a graphical instrument depicting the data related to a project. .

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

Activity Duration Estimates Review . is a process of detecting risks related to the time allowances for activities in particular or a project in general, with the width of estimates range indicating a respective level of risk. also known as a Gantt chart, is a graphical instrument depicting the data related to a project. .

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

A project might have several levels of authorization for different activities or deliverables. Authorization Points: Specific points during the course of a project at which the sponsor reviews the business case and approves the project onwards. The Client Brief is instrumental for kicking off the project.