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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. of a project. May also be called a project management plan.

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Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Use of Benefits of Tools for Project Risk Management,” T. Term Project Risk during Project Realization ?

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A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Actual Time Expended: The actual time spent on an activity from the Actual Start to the present date. Adaptive Project Framework (APF): An alternate approach to project management that focuses on estimating project work in stages based on changing business environment. Thus, its structure mirrors that of the WBS.

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Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

Project Plan A project plan serves as one of the effective risk assessment tools as it presents the activities with dependencies, resources, the amount of work needed to be done, and timeframes. Effective Communication This involves communication between team members, project teams, and stakeholders.

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Everything You Need to Know About Rough Order of Magnitude (ROM) Estimates

Wrike

A rough order of magnitude estimate, also known as ROM, is an estimation of a project’s level of effort and cost to complete. ROM estimates take place early in a project life cycle and guide strategy and planning choices. It helps in the evaluation, management, and control of software development.

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

MPUG

Melanie: Jeff is currently the Training and Development Manager for Edwards Performance Solutions. As such, he oversees the production and maintenance of courses on project management, systems engineering, software development, business process improvement, and cyber security. I’ll hand the presentation over to you.

PMI 59