Our definitions of the most common project management terms will prepare you for the next project meeting. Project management glossary of terms usaid learning lab. This glossary contains more than 600 terms and provides simple, clear explanations. Activity 1 a component of work performed during the course of a project. Project management glossary of terms t rationalplan. Project accounting is the practice of quantifying the performance of projectbased activity. Project management glossary terms usaid learning lab. Now in its third edition, this dictionary contains 3,400 key terms, words, and phrases used in the daytoday practice of project management. Project management has been increasing in visibility both inside and outside the executive office. A glossary of terms relating to project management and consulting.
From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. A glossary of project management terms pdf free download. Ac condenser the outside fan unit of the air conditioning system. Pmi lexicon of project management terms v3 190 terms. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. This glossary is a guide to the most commonly used business analysis and project management terms. Lean six sigma the combination of lean and six sigma principles to identify and improve business processes. Project managers work in the construction industry, architecture, information technology and many different occupations that produce a product or service.
A business analysts glossary for project management. Glossary of standard project management terms page i developed by comptia. Dictionary of construction terminology ac an abbreviation for air conditioner or air conditioning. A glossary of project management terms by merrie barron and andrew r. Free glossary of project management terms and definitions. If you believe that the probability of the event occurring is acceptable, you could list it as an assumption. 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. While many of these terms are not mentioned within the body of suite documents, they are nonetheless important to understand project management. Nov 02, 2015 everything you need to know about project management terms is here in one list. Project management glossary terms used by project professional. Conflict management conflict management is the process of identifying and addressing differences. Standard ensures that any terminology contained within the pmi lexicon is.
Glossary of project management terms term definition agency a formally organized unit of government having administrative, programmatic, legal, fiduciary, and regulatory functions ascribed to it through legislation, federal mandate, or other means and for which it receives or generates revenue. Effective communication is a key element of successful project management, which makes a common language essential. A unit of work performed as part of an initiative or process. This book ensures that project and program managers in every industry around the world are speaking the same language. We, at wrike, are proud of our cool, interactive gantt chart. This glossary will help your team standardize on frequently used pm terms, from. This article is based on and an update of tom mochals article, mini glossary. Project management is the process of managing the project process. 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. Along with traditional project management terms, it includes broader business terms to help seasoned managers and their successors navigate more easily the ubiquitous language of projectspeak. 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. Section ii provides definitions for terms you will likely need as your project.
Aug 22, 2010 now in its third edition, this dictionary contains 3,400 key terms, words, and phrases used in the daytoday practice of project management. Normally, resource requirements are used to perform resourceconstrained scheduling. Project management techniques are equally suitable for building a cathedral or a garden shed. 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. The dictionary of project management terms is a valuable desk or briefcase reference for those engaged in one of the worlds fastestgrowing professions. The formal process of accepting delivery of a product or. It removes the heat from the freon gas and turns the gas back into a liquid and pumps the liquid back to the coil in the. The definitive glossary of project management terms project management has its own terminology and abbreviations, making your entry into the field pretty hard. Understanding these terms and acronyms is an important. Project management glossary and project planning glossary. 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. Accountability the obligation to report on ones actions.
The ultimate resource for project management terminology. List of useful project management acronyms and terminology. Dictionary of project management terms 3rd edition third. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros.
Heres how evm can be applied over the course of a projects duration. In a project context, estimation is the way to make accurate budgets or timelines for a project. Glossary of standard project management terms geam. Kingdom of bahrain ministry of works mow pms chapter 20 pm glossary of terms page 2 of 19 reference.
Ap days is the average days that a company or plant. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion. Many pmbok guide glossary terms refer to scope, time and risk management because these are unique to project. Every discipline has its own vocabulary, and project management is no.
Wideman comparative glossary of project management terms v5. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. Glossary of project management terms and acronyms used by project managers and business professionals. General terms and conditions ctn project management.
Appendix a of common project management terms is included to help. A comprehensive glossary of project management terms. Start studying pmi lexicon of project management terms v3 190 terms. Get easytounderstand explanations of all key concepts to make sure you use the. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. Microsoft project is a project management system, which assist the project managers to execute and control the project activities effectively in order to meet the sponsors needs and expectations from a project. 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 business analysts glossary for project management terminology. This glossary includes terms and acronyms that are part of general project management methodology pmm, or unique to the carleton pmm. Glossary of standard project management terms page 4 of 18 developed by comptia.
A term in total quality management that implies the degree to which customers are pleased with a product or service. Glossary of project management terms term definition. Project management body of knowledge pmbok guide fifth. Now in its third edition, the book is more than 200 pages longer and.
A glossary of project management terms pmhut project. It removes the heat from the freon gas and turns the gas back into a liquid and pumps the liquid back to the coil in the furnace. It was compiled to assist operations management students in courses at the university of michigan business school. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. Activity delay the maximum amount of time that an activity can be delayed due to lack of. Project management glossary of terms pro pv january 5, 2015 project management glossary of terms pa pro january 5, 2015 project management glossary of terms z january 5, 2015. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. Heres how evm can be applied over the course of a project s duration.
Use features like bookmarks, note taking and highlighting while reading dictionary of project management terms 3rd edition. 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. Section i is a listing of basic project management terms. Project management glossary contains a number of project management terms that will help the project team to standardize the project s startup process. This glossary includes terms pertinent to operations management. Terms that are used as part of a definition, which are themselves defined in the glossary are shown in italics. Preamble 1 these general terms and conditions for business consulting are an integral part of work contracts, which involve professional consulting for clients by business business consultants and consulting firms in the consultation areas represented by the professional field of the business consultant within the framework of the generally accepted professional standards. When the same term is used more than once in a definition, only the first instance is italicized. Construction management glossary of terms a acm additional construction management ada the americans with disabilities act which gives civil rights protection to individuals with disabilities similar to those provided to individuals on the basis of race, color, sex, national origin, age, and religion. 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 person who has the overall responsibility for the successful planning, execution and closure of a project. Mow pms chapter 20 pm glossary of terms page 1 of 19 reference. This is to further the goal of creating a common language for project management. The complete glossary of project management terms smartsheet.
Approach to learning using cases stories, scenarios, descriptions of real events, etc. A onetime effort to accomplish an explicit objective by a specific time. Term definition estimate at completion eac the estimated total cost of the completed project at a particular time, using current project performance and work that still needs to be completed. Sort through the jargon with our glossary of project management terms and their definitions. Earned value management evm a way to measure project performance, and is commonly used in government projects. Appendix a glossary of project management terms a activity an element of work performed during the course of a project. Project management glossary of terms a listly list. It project management terms you should know techrepublic. Every discipline has its own vocabulary, and project management is no exception. This horizontal bar chart was devised by henry gantt at the turn of the twentieth century and was used to visualize project schedules by project managers all over the world ever since. Project accounting is the practice of quantifying the performance of project based activity. A comprehensive project management glossary project. A term sometimes used in knowledge management to describe the process of enhancing an organizations ability to implement knowledge management principles and practices. Project management has a language and a lingo all of its own.
We standardized terminology throughout the document from supplier to. The definitive glossary of project management terms. Ultimate glossary of project management terms projectmanager. Effective conflict management prevents differences becoming destructive elements in a project. They include the faqs that other project managers have raised please do tell us if any points are unclear or wrong, and if more is needed.
This article is based on and an update of tom mochals article, miniglossary. Download and print the free glossary from our media gallery. Each project is unique although similar projects may exist. An activity normally has an expected duration, an expected cost, and expected resource requirements. The following glossary has been developed to help you succeed as a project manager by establishing standard definitions for commonlyused terms you will. Part of the process of successfully deploying project management in your organization is to standardize the terminology. The implications of this quotation from the pmbok guide are. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. Get easyto understand explanations of all key concepts to make sure you use the. Project management institute, a guide to the project management body of knowledge, pmbok guide sixth edition, project management institute, inc.
Usually an adjective implying the amount of an asset or liability measured in days of sales, e. Construction management cm 1 a project delivery system that uses a construction manager to facilitate the design and construction of a project by organizing and directing men, materials, and equipment to accomplish the purpose of the design. Moving house, a very common project for many people, lends itself as effectively to project management techniques such as tender analysis and network analysis, as relocating a major government department from the capital city to another town. Dictionary of project management terms 3rd edition kindle edition by ward, j.
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. It includes start and end dates for a project, and illustrates task dependencies. An awardwinning project management software to make your work collaboration and task juggling easy. Every course has its own glossary, and hence project management is not an exemption. Lean a set of principles, concepts and techniques designed for the relentless pursuit of the elimination of waste. List of useful project management acronyms and terminology critical path the longest path through the project.
Project portfolio management ppm project portfolio management organises a. Apms glossary is a unique collection of popular project management terms sourced from the fifth, sixth and seventh. Following is a list of common terms, definitions, and acronyms used within the project management industry. Project management glossary of terms s rationalplan. A activity an element of work performed during the course of a project. Consensus unanimous agreement among the decisionmakers that. Download it once and read it on your kindle device, pc, phones or tablets. Jan 07, 2011 a glossary of project management terms by merrie barron and andrew r. Steps can be superimposed onto horizontal swimlanes for the roles that perform the steps activity. A methodology for project and product management, typically used to deliver software projects in an iterative way with short bursts of work.