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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. Feasibility Study An analysis of a project’s viability.

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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. Cost Estimation. Lean Six Sigma. Optimistic Duration.

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

also known as a Gantt chart, is a graphical instrument depicting the data related to a project. . is initial data for your project performance measurement necessary for the start. It usually consists of the three following components: schedule, cost, and scope. Control Costs . Cost Management .

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Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

also known as a Gantt chart, is a graphical instrument depicting the data related to a project. . is initial data for your project performance measurement necessary for the start. It usually consists of the three following components: schedule, cost, and scope. Control Costs . Cost Management .

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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. Most, however, track the project's costs and deadlines.

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Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

But delivering as quickly as [inaudible 00:17:09], get it done right now, minimizing project costs, cheap, right? Definitely, there has to be the communications planning involved with that as well to more of a lean and effective type of method. And it comes down to practicing effective documentation, elegant and lean.

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