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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.

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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. Management of Novel Projects Under Conditions of High Uncertainty,” A. De Meyer, C. Loch, and M.

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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

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. Bottom-up Estimating: Another term for Analytical Estimating.

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

Epicflow Blog

Effective Communication This involves communication between team members, project teams, and stakeholders. Reference Class Forecasting (RCF) is used to improve the accuracy of project cost, duration, or other estimations by comparing them to similar completed projects.

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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

You may wish to use this transcript for the purposes of self-paced learning, searching for specific information, and/or performing a quick review of webinar content. Melanie: Jeff is currently the Training and Development Manager for Edwards Performance Solutions. Jeff: Now this is where we get into more of the technical side, right?

PMI 59