Sort through the jargon with our glossary of project management terms and their definitions. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. For more information, check out our complete guide to project management life. These definitions provide you with clarity around key concepts and terms that are used in the pricing schedule.
With hundreds of project management terms, including all the latest updates from the newlypublished apm body of knowledge 7th edition, the glossary is the perfect companion for project professionals in their daytoday work, for students studying for apms pfq and pmq qualifications and for training providers looking to create study materials. A process improvement technique used to learn about and improve on a process or project. The sponsors is normally a part of the management team director or higher, who can exert influence on the outcome of the project. Project management glossary and project planning glossary. A warning that a threshold has been reached, something has changed, or a failure has occurred. This management dictionary contains a description and explanation of terms and methods.
Each project is unique although similar projects may exist. Asset management is the process responsible for tracking and reporting the value and. Complete system includes all code modules, components, and libraries. Earned value management evm a way to measure project performance, and is commonly used in government projects. Accountability the obligation to report on ones actions. Activity 1 a component of work performed during the course of a project.
Project management essentials glossary flashcards quizlet. A lessons learned session involves a special meeting in which the team explores what worked, what didnt work, what could be learned from the justcompleted iteration, and how to adapt processes and techniques before continuing or starting anew. Understanding these terms and acronyms is an important. The project management life cycle is composed of five process groups.
Glossary of terms for investment planning and project. Project management financial planning glossary of terms f in project management, float is defined as the amount of time a particular task can be delayed without delaying following tasks or the ultimate completion of the project. Heres how evm can be applied over the course of a projects duration. A business analysts glossary for project management. Project management glossary terms usaid learning lab. The word project is implied in many labels, unless the omission would result in a different meaning. Section i is a listing of basic project management terms. A business analysts glossary for project management terminology. It project management terms you should know techrepublic. Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements gartner analysts observe many clients focused on enhancing the collaboration, communication and resulting project portfoliolevel reporting needed to gain firstline visibility into project demand, project status, resource capacity and utilization, and cost.
This glossary defines the most frequently used words and phrases. Project accounting is the practice of quantifying the performance of projectbased activity. From a to z this comprehensive list will be useful for any project manager, team member or stakeholder or even those wanting to learn more about project management. The sponsor is also responsible for facilitating acquisition of human resources and for providing insight and feedback to the project manager throughout the duration of the project. Ap days is the average days that a company or plant. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Pcm seeks to consider these issues from the very beginning of the pro. Free glossary of project management terms and definitions.
You may also be looking for an mba dictionary or mba glossary. Budget at completion bac the sum of all budget values established for the work to be performed on a project or a work breakdown structure component or a schedule activity. Project management is the process of managing the project process. The project life cycle is among some important project management terms you should know. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology.
Glossary notes the list below shows the range of definitions on each page. Download and print the free glossary from our media gallery. Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. It includes project planning, analysis, design, implementation, and budget. Glossary of construction terms, acronyms, keywords, and phrases for construction management, as well as construction project management language and software definitions specific to.
This glossary contains more than 600 terms and provides simple, clear explanations. Each definition is a short description intended to help students and researchers understand biomass terminology. This glossary is a guide to the most commonly used business analysis and project management terms. Usually an adjective implying the amount of an asset or liability measured in days of sales, e. Project management glossary terms used by project professional. Explanations of terms and phrases frequently used in adb project documents are listed below. For a more comprehensive list of terms used in adb operations, please see the glossary of terms for sovereign and nonsovereign operations. This plan is a subsidiary of the project management plan. Plus weve added handy links to help you dive deeper into different topics with videos, articles and even our roundup of all resources so you can put these important terms into practice with your proejcts. A comprehensive project management glossary project. European commission europeaid manual project cycle management o integration into the world economy, including through support to re gional cooperation and integration.
Use the alphabetical index below to locate terms, or scroll through the terms and definitions in the full text glossary. Project management terms that every project manager should. Gtm gotomarket a products gtm or gotomarket is a strategic plan encompassing the major tactics and resources that a company will use to release, promote and sell the product. Alternate name for the plandocheckact cycle, a fourstage approach to problemsolving. Aggregate planning is an operational activity which does an aggregate plan for the production process, in advance of 2 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of. A decisionmaking opportunity between phases or iteration in the project life cycle to determine whether the project should proceed as is, proceed with changes, or be terminated. A onetime effort to accomplish an explicit objective by a specific time. Communication management plan document that describes. During this phase, the design is finalised and used to. Records management glossary share please note that this glossary defines terms used in your agreement, this website and our business in general.
Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion. For more information, check out our complete guide to project management life cycle. Heres how evm can be applied over the course of a project s duration. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Many words and phrases used in this glossary have a special meaning in the context of investment planning and project management in the public service. Deming began his work in quality control in the united states during world war ii to aid the war effort. Project management glossary of terms page 8 fall 2007 budget the approved estimate for the project or any work breakdown structure component or any schedule activity. System a set of interacting, interrelated, or interdependent elements that work as part of a whole. Following are some basic product management terms and definitions that any product manager should be familiar with. A term in total quality management that implies the degree to which customers are pleased with a product or service. The complete glossary of project management terms smartsheet.
Project management glossary of terms page 6 fall 2007 a acceptance criteria those criteria, including performance requirements and essential conditions, which must be met before project deliverables are accepted. Alerts are often created and managed by system management tools and are managed by the event management process. Roots 5 project cycle management 5 glossary this glossary explains the meaning of difficult words according to the way they are used in this book. Nov 02, 2015 everything you need to know about project management terms is here in one list. Agreements define the terms and covenants of agreement between adb and a borrower or recipient. Project cycle management training courses handbook 1 chapter 1 introduction this chapter introduces the handbook, explaining its role as a support to the pcm training programme, and providing an overview of its contents.
Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements gartner analysts observe many clients focused on enhancing the collaboration, communication and resulting project portfoliolevel reporting needed to gain firstline visibility into project demand, project status, resource capacity and utilization. Project accounting is the practice of quantifying the performance of project based activity. Implementation phase implementation is the third phase of the project life cycle where the project management plan pmp is executed, monitored and controlled. A comprehensive glossary of project management terms. Not unique to project management, butused differently or with a narrower meaning in project management than in general everyday usage e. A glossary of terms relating to project management and consulting. Section ii provides definitions for terms you will likely need as your project. This glossary includes terms pertinent to operations management. Glossary of business management terms the balance careers. Glossary of project management terms and acronyms used by project managers and business professionals.
It was compiled to assist operations management students in courses at the university of michigan business school. A project life cycle can have many models but each model represents a single phase to build the deliverables of the project. Wideman comparative glossary of project management terms v5. The terms defined in this glossary are used throughout the bioenergy website and publications. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable.
512 1464 255 160 848 739 1418 261 369 681 1218 432 985 1081 212 253 223 930 875 1661 705 1536 467 1548 397 1376 307 1430 927 1290 1044 937 517 474