In project management, knowledge areas illustrate a set of concepts, terms and actions that encompass professional and project management field. Whether youre studying for project management certification, have had the role of project manager thrust upon you, or have been in the project management field for years and could. The word project is implied in many labels, unless the omission would result in a different meaning. An activity normally has an expected duration, an expected cost, and. The purpose of this article is to go through the main components and terms used in microsoft. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. A comprehensive glossary of project management terms. Section i is a listing of basic project management terms.
Project management financial planning glossary of terms. Project support can be in the form of advice and help with project management tools, guidance, administrative services such as filing, and the collection of actual data. Download and print the free glossary from our media gallery. 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. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. 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. A defined group of key stakeholders and experts that provide guidance on project issues and context. If you believe that the probability of the event occurring is acceptable, you could list it as an assumption.
On this page you will find a glossary of project management terms and acronyms that are being used by project managers and not only in the. A person or company that provides goods or services. The word project is implied in many labels, unless the omission. The purpose of this article is to go through the main components and terms used in microsoft project and make them easier to understand. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. Glossary of project management terms assumption there may be external circumstances or events that must occur for the project to be successful or that should happen to increase your chances of success. Everything you need to know about project management terms. The world of project management can be bewildering to those new to the discipline. Project management glossary terms flashcards quizlet. A glossary of terms relating to project management and consulting. Project management glossary terms usaid learning lab. A comprehensive project management glossary project. Section ii provides definitions for terms you will likely.
Top 10 project management terms and definitions teamgantt. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. The formal process of accepting delivery of a product or. Glossary of project management terms and acronyms used by project managers and business professionals. This glossary will help your it project teams standardize on frequently used project management terms, from critical path to work breakdown structure to scrum.
An administrative role in the project management team. Glossary of project management terms assumption there may be external circumstances or events that must occur for the project to be successful or that should. Project management glossary and project planning glossary. A activity an element of work performed during the course of a project. The pmi lexicon of project management terms offers clear and concise definitions for nearly 200 of the professions frequently used terms for anyone involved in project, program, and. The definitive glossary of project management terms. Nov 02, 2015 everything you need to know about project management terms is here in one list. From a to z this comprehensive list will be useful for any project. Project management glossary uw system project management office. Project management terms that every project manager should know. Project management glossary of terms page 6 fall 2007 a acceptance criteria those criteria, including performance requirements and essential conditions, which must be.
In project management, knowledge areas illustrate a set of concepts, terms and actions that encompass professional and project management field specializations. 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. The ultimate resource for project management terminology. Project management glossary and terms project times. Project management glossary terms used by project professional. An activity normally has an expected duration, an expected cost, and expected resource requirements. Here is a list of the more common project management terms and their meanings. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Project management glossary of terms z january 5, 2015 by crina popescu 201001t12. Accountability the obligation to report on ones actions. While there are many project management terms that are easily understood, even to the layman, there are some that even seasoned project professionals need help with. A glossary of useful terminology project management huts.
Percentage of visitors that complete a targeted transaction online. A golden parachute is a name given to the clause in a top executives employment agreement or contract that defines the payout the individual will receive should they be terminated by the organization before the end of their contract. The pmi lexicon of project management terms offers clear and concise definitions for nearly 200 of the professions frequently used terms for anyone involved in project, program, and portfolio management, the lexicon is an essential resource to foster understanding and consistent usage of terminology. A golden parachute is a name given to the clause in a top executives employment agreement or contract that defines the payout the individual will receive should they be terminated by the. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Project accounting is the practice of quantifying the performance of project based activity. The complete glossary of project management terms smartsheet. Jan 14, 2009 microsoft project a glossary of useful terminology by john caulfield. A model that illustrates the flow of processes andor complex use cases by showing each activity along with. Project management glossary washington state department of.
Project management glossary uw system project management. It project management glossary and terminology hygger. On this page you will find a glossary of project management terms and acronyms that are being used by project managers and not only in the project management domain. The application of knowledge, skills, tools, and techniques to the project activities, in order to meet the project requirements. The list was created using various sources including the pmbok specifications from pmi. Glossary notes the list below shows the range of definitions on each page. Project planners speak in a short hand that often excludes even computer literate individuals. Dictionary of project management terms and acronyms.
Whether youre looking to understand some key project management terms, or need a complete project management glossary, youve come to the right place. Acceptance testing acceptance testing is a validation activity conducted to determine whether or not a system satisfies its acceptance criteria. It project management terms you should know techrepublic. Project accounting is the practice of quantifying the performance of projectbased activity. Understanding these terms and acronyms is an important step towards success in project management. Free glossary of project management terms and definitions. Project management 2020 glossary of terms the projex. Ultimate glossary of project management terms projectmanager.
A task that must be performed in order to complete work on the project 3. For projects relying primarily on human capital, this typically involves tracking time, expenses. 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. They are consulted and may make recommendations, but do not make. Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. For projects relying primarily on human capital, this typically involves tracking time, expenses, budgets, bill rates, and other financial metrics that reveal the performance of a project. Project management glossary of terms e rationalplan. A complete glossary of project management terms you should know. Project management terms that every project manager should.
Section ii provides definitions for terms you will likely need as your project. Part of the process of successfully deploying project. Agileagile or agile development is a modern approach to software. Sort through the jargon with our glossary of project management terms and their definitions. 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.
Get easyto understand explanations of all key concepts to make sure you use the. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Our definitions of the most common project management terms will prepare you for the next project meeting. Under current guidelines, the primary difference between this and a work package is that a work package is a component of the scope and describes some aspect of the deliverable while this term describes the work that must be done in order to complete the. Project management glossary business performance pty ltd. A glossary of project management terms every discipline has its own vocabulary, and project management is no exception.
Project management glossary contains a number of terms to standardize project startup process. Activity delay the maximum amount of time that an activity can be delayed due to lack of. Wideman comparative glossary of project management terms v5. From pmo to prince2, well give you the terminology and resources youll need as a beginner. The application of processes, methods, knowledge, skills and experience to achieve the project objectives. As with any specialist area, technical terms and jargon blossom in number over the years. Whether youre studying for project management certification, have had the role of project manager thrust upon you, or have been in the project management field for years and could use a refresher, here is a reference sheet that covers the basic financial terms and concepts on the project management landscape. Jargon and industryspecific words and phrases in project management can be confusing. Project management plan pmp the output of the definition. Project management plan pmp the output of the definition phase of a project or programme.
An insider in a company is someone who has access to important information about a company. Part of the process of successfully deploying project management in your organization is to standardize the terminology. This glossary contains more than 600 terms and provides simple, clear explanations. Understanding these terms and acronyms is an important. Project management has its own terminology and abbreviations, making your entry into the field pretty hard. Glossary of business management terms the balance careers. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Nov 27, 2015 this glossary will help your it project teams standardize on frequently used project management terms, from critical path to work breakdown structure to scrum. The project management template kit uses the following industry standard project management dictionary terms acceptance management the process by.
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