A comprehensive project management glossary project. Project management glossary and project planning glossary. Now in its third edition, this dictionary contains 3,400 key terms, words, and phrases used in the daytoday practice of project management. The definitive glossary of project management terms. Pmp is the worlds leading certification on project management. The correct bibliographic citation for this manual is as follows. Key terms, definitions, and acronyms following is a list of common terms, definitions, and acronyms used within the project management industry. A glossary of project management terms pdf free download. Sort through the jargon with our glossary of project management terms and their definitions. Project management glossary of terms activity an element of project work that has an expected duration, and usually consumes cost and resources.
This glossary is a guide to the most commonly used business analysis and project management terms. Since january 2016, the lexicon committee has been chartered to maintain the lexicon. Please feel free to send comments on typographical, formatting, or other errors. 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. If youre a new business owner, you may be hearing some terms youre not familiar with. Glossary of standard project management terms geam. Time management is a broad term in project contexts, and can refer to personal time management skills, as well as managing a team. Agileagile or agile development is a modern approach to.
Accountability the obligation to report on ones actions. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. 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 project speak. Activities generally cover one or more tasks from a work package. While many of these terms are not mentioned within the body of suite documents, they are nonetheless important to understand project management. 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. Wideman comparative glossary of project management terms v5. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable.
Project management glossary contains a number of project management terms that will help the project team to standardize the project s startup process. Project management has been increasing in visibility both inside and outside the executive office. I just keep wonder if there is a better way to go through the glossary terms than have to cover all the definitions with both my hands during reading the term. Adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. This list of 30 business phrases can help you understand some of the jargon. The complete glossary of project management terms smartsheet. 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. The following glossary has been developed to help you succeed as a project manager by establishing standard definitions for commonlyused terms you will encounter in your career as a project manager. At examspm, we have a free course to teach you how you can get certified in the next 6 weeks. Every course has its own glossary, and hence project management is not an exemption. Many businesses use credit for supplies, raw materials, or inventory purchases.
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. Project management professional pmp is a globally recognised certi. Project management glossary terms usaid learning lab. Project charter the document which gives authority to the project manager and contains highlevel. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. This glossary was developed by comptia, using a variety of industry references and a number of project management subjectmatter experts.
Steps can be superimposed onto horizontal swimlanes for the roles that perform the steps activity. This glossary contains more than 600 terms and provides simple, clear explanations. It is managed by the project management institute and is based on the pmp examination speci. It uses resource optimization techniques like resource leveling and requires that activity start times be flexible. Feel free to distribute this ebook to any one you like, including peers, managers and organizations to assist in their project management activities. Project management has its own terminology and abbreviations, making your entry into the field pretty hard. Download and print the free glossary from our media gallery. Mow pms chapter 20 pm glossary of terms page 1 of 19 reference. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Time management is a broad term in project contexts, and can refer to personal time management skills, as well as managing a teams efficiency and managing scheduled dates accordingly.
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. There are many financial terms in project management. May be synonymous with task but in some cases it may be a specific level in the wbs e. Understanding these terms and acronyms is an important. Glossary of project management terms pass using a speci. Time limit is a narrow field of time, or a particular point in time, by which an objective or task must be accomplished. Simply make a copy of the relevant page of the book, mark the error, and send it to. To make project management basics more clear to you, here is a list of the most important pm terms and glossary with a short explanation. The following definitions are provided for commonly used terms used by scheduling, estimating, project construction management, and contract administration professionals, and construction claims experts involved with engineering and construction projects. Like the individual activity, the project has a distinguishable start and finish and a time frame for completion. Task analysis is the analysis or a breakdown of exactly how a task is accomplished, such as what subtasks are required.
This constitutes one of the common terms and core definitions for iso management system standards given in annex sl of the consolidated iso supplement to the isoiec directives, part 1. Each project is unique although similar projects may exist. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. Pmp glossary of terms and definitions related to the project management professional body of knowledge acceptance this is a response to a risk event, generally made when the probability of the event andor its impact are small. Glossary of standard project management terms page i developed by comptia. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions.
Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. Our definitions of the most common project management terms will prepare you for the next project meeting. Glossary of project management terms and acronyms used by project managers and business professionals. Late dates are calculated by means of a backward pass starting from a speci. They are mostly related to project selection methods and especially to the most common approach for project selection which is the economic model. Mix play all mix project management videos youtube 5 reasons why you should get into project management duration. Critical chain project management ccpm critical chain project management is an approach to managing projects that emphasizes the resources needed to complete project activities over activity order and durations set in a schedule. Phase three in pmboks phases of project management is the execution phase although, this phase may also be referred to as the implementation phase. If you know these financial terms well as a project manager, you will be more confident about choosing the right project. The execution phase can take as long or longer than the planning phase. Quality metrics an operational criterion that defines in specific terms what something such as a characteristic or a feature is and how the quality control process measures it. Glossary of business management terms the balance careers. Section i is a listing of basic project management terms. Free glossary of project management terms and definitions.
Project management process groups are not project phases. The project management process groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes. This is an accounting term that refers to the credit debt your business has incurred. A management plan that describes how the project management team will implement the quality policy of the performing organization for the specific project. The amount of time that an activity can be delayed without affecting the early start. A logical grouping of project management inputs, tools and techniques, and outputs. Establishing standardized definitions for common project management terms is a challenge, even. Please feel free to send comments on typographical, formatting, or other. A business analysts glossary for project management. A onetime effort to accomplish an explicit objective by a specific time. A comprehensive glossary of project management terms. Refers to the process of managing time and schedule of a project, according to the plan.
The following glossary has been developed to help you succeed as a project manager by. From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. Project management is the process of managing the project process. During the execution phase, your bestlaid plan from phase 2 planning is put to work. The original definition has been modified to prevent circularity between process and output, and notes 1 to 5 to entry have been added. The dictionary of project management terms contains 3,400 key terms, words and phrases used in the daytoday practice of project management. Tasks in project management are activity that needs to be accomplished within a defined period of time. Scheduling, estimating, projectconstruction management. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Pmi permits and encourages the use of specific terms and definitions.
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