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125 Project Management Buzzwords

The IIL Blog

Change Order A formal request to modify an agreed-upon project scope, schedule, budget, or quality specification. This is generally initiated by the customer/client or stakeholders. Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. of a project.

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What is ROM and how to calculate it (with example)

Rebel’s Guide to PM

A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. Break the project work into chunks.

Estimate 283
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Rough Order of Magnitude (ROM) Estimate and How to Calculate It (with example)

Rebel’s Guide to PM

A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. Break the project work into chunks.

Estimate 457
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The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. The Client Brief is instrumental for kicking off the project.

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a process of examining and determining risks of project failure as a result of improper assumption estimation. is a store of all assumptions and constraints created or processed within the project life cycle. . also known as a Gantt chart, is a graphical instrument depicting the data related to a project. .

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a process of examining and determining risks of project failure as a result of improper assumption estimation. is a store of all assumptions and constraints created or processed within the project life cycle. . also known as a Gantt chart, is a graphical instrument depicting the data related to a project. .