Its practical expression is the fusion of information management and organizational learning. A glossary of project management terms pmhut project. Project management glossary contains a number of terms to standardize project startup process. Greatly expanded, the new edition includes information from all. Blackblot pmtk methodology product management glossary. The ultimate resource for project management terminology. Project smart is the project management resource that helps managers at all levels improve their performance. Wideman comparative glossary of project management terms v5. Project management has been increasing in visibility both inside and outside the executive office.
A glossary of project management terms by merrie barron and andrew r. This glossary will help your team standardize on frequently used pm terms, from. 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. Sort through the jargon with our glossary of project management terms and their definitions. Glossary of terms essentials of management information systems, 6e. List of useful project management acronyms and terminology. Authority is generally based on the perception that a person has been officially empowered to issue binding orders. The correct bibliographic citation for this manual is as follows. This glossary was produced by comptia, the computing technology industry association. Project planners speak in a short hand that often excludes even computer literate individuals. Lean a set of principles, concepts and techniques designed for the relentless pursuit of the elimination of waste. Did we leave out any terms that have left you puzzled. This article is based on and an update of tom mochals article, miniglossary.
Free glossary of project management terms and definitions. The purpose of this article is to go through the main components and terms used in microsoft project and make them easier to understand. Project management glossary icdst eprint archive of. With weekly exclusive updates, we keep you in touch with the latest project management thinking. 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. Interim payment for delivered work in accordance with contract terms generally tied to meeting specified performance milestones. The following glossary has been developed to help you succeed as a project manager by establishing standard definitions for commonlyused terms you will. Understanding these terms and acronyms is an important. Includes listing of objectives that, when accomplished in total, accomplish the overall action. Updated ism glossary of key supply management terms. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and concurrent activities. Glossary of consulting terms action plan specification of how a specific action is to be achieved, for example, in a change management plan. This glossary includes terms and acronyms that are part of general project management methodology pmm, or unique to the carleton pmm. Project management has final deliverables that are.
Project management glossary of terms q rationalplan. A business analysts glossary for project management. One of the key terms of project management is its work plan. Radio frequency identification and project management. These interpretations vary significantly to a point where job titles and their associated responsibilities are interpreted very differently by different companies. Ism glossary terms 2011 updates page 1 of 1 ism glossary of key supply management terms march 11, 2011 this document addresses new terms and updates to the ism glossary of key supply management terms. An analysis of organizationwide information requirements by looking at the entire organization in terms of organizational units, functions, processes, and data elements. Project management terminology 2020 project management. It project management terms you should know techrepublic. Project management glossary terms used by project professional. The aim of the project work plan is to promote efficiently, systematized and completion of the project according to budget, schedule, and requirements. Get easytounderstand explanations of all key concepts to make sure you use the. Pmi permits and encourages the use of specific terms and definitions contained in this.
List of useful project management acronyms and terminology critical path the longest path through the project. Authority the ability to get other people to act based on your decisions. Stay on top of your game with this free and printable glossary of project management terms that also includes definitions. It was compiled to assist operations management students in courses at the university of michigan business school. 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.
From pmo to prince2, well give you the terminology and resources youll need as a beginner in project management. Part of the process of successfully deploying project management in your. Glossary of standard project management terms geam. 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. An approach to managing a companys interactions with current and future customers. This glossary is a guide to the most commonly used business analysis and project management terms. The formal process of accepting delivery of a product or. Everything you need to know about project management terms is here in one list. You may also be looking for an mba dictionary or mba glossary. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. In value management terms value is defined as the ratio of satisfaction of. Download and print the free glossary from our media gallery.
Information systems for business and beyond glossary of key terms. 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. 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. A phase in the portfolio life cycle where the component projects and programmes are balanced in terms of risk, resource usage, cash flow and impact across the business. In our constant quest to provide you with valuable information, here is a useful list of apm project management terms and definitions which we feel will benefit.
It often involves using technology to organize, automate, and synchronize. The complete glossary of project management terms smartsheet. The pmi lexicon of project management terms offers clear and concise definitions for nearly 200 of the professions frequently used terms. 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. The complete glossary of project management terminology by kate eby on feb 24, 2017. Get easyto understand explanations of all key concepts to make sure you use the.
To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of. Blackblot pmtk methodology product management glossary many perspectives abound as to what the marketing and product management disciplines are responsible for and how to define them. 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. Your ultimate guide to project accounting and financial management terms understand how consulting firms and professional services teams discuss their business.
Glossary of information management terms and concepts. Glossary of project management terms and acronyms used by project managers and business professionals. Terms that are used as part of a definition, which are themselves defined in the glossary are shown in italics. 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. Ism glossary of key supply management terms the ism glossary of key supply management terms is a valuable reference tool for supply professionals, academics, researchers and students. For anyone involved in project, program, and portfolio management, the lexicon is an essential resource to foster understanding and consistent usage of terminology. Lean six sigma the combination of lean and six sigma principles to identify and improve business processes. Information systems for business and beyond glossary of. A comprehensive glossary of project management terms. 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. While many of these terms are not mentioned within. 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.
Now in its third edition, this dictionary contains 3,400 key terms, words, and phrases used in the daytoday practice of project management. This guide breaks down industry terms and jargon into understandable language. Following is a list of common terms, definitions, and acronyms used within the project management industry. Project management glossary of terms a listly list.
A list of words every project manager should know on day 1. Glossary of knowledge management 3 knowledge management the explicit and systematic management of processes enabling vital individual and collective knowledge resources to be identified, created, stored, shared, and used for benefit. This glossary will help your team standardize on frequently used pm terms, from critical path to gantt chart to scope change management. When the same term is used more than once in a definition, only the first instance is italicized. Every discipline has its own vocabulary, and project management is no. We provide an important knowledge base for those involved in managing projects of all kinds.
These terms are taken from several sources, including state of michigan suite documents and the project management body of knowledge pmbok. Use of standardized language promotes better communications among project teams and is an essential component of any profession. A work plan is an outline of a group of goals with the help of which project team can reach those goals. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. Every discipline has its own vocabulary, and project management is no exception. Now, with the emergence of business analysis as an independent field, understanding and using the correct terminology is more critical than ever. Refers to the process of managing time and schedule of a project, according to the plan. The glossary provides over 800 definitions from the apm body of knowledge 6th edition. Glossary of standard project management terms page i developed by comptia.
Effective communication is a key element of successful project management, which makes a common language essential. Project management glossary of terms usaid learning lab. Customer capital the relationships an organisation has with the people it does. 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. This glossary includes terms pertinent to operations management. Access classification level the access classification level determines the read access right assigned to a group of people for a given document or series of documents. Comptia serves the it industry as the worlds largest developer of vendor neutral it certification exams in field such as computer repair, networking, it security, radio frequency identification and project management. Glossary of terms essentials of management information.
Section iii has 7 appendices and section iv is broken into glossary and index. One of a number of payments made to a contractor during the life of a fixedprice type contract, on the basis of some preagreed formula. The focus is on providing both a conceptual framework and. The following glossary has been developed to help you succeed as a project manager by. Glossary of terms a consolidated glossary of relevant records management, electronic records management, information technology and computer terms. Appendix a glossary of project management terms a activity an element of work performed during the course of a project. Microsoft project a glossary of useful terminology by john caulfield. 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 expected resource requirements.
Glossary of project management terms term definition. This glossary explains key concepts and definitions used at the council of europe for documents and records management. The pmbok terms of project management processes and. Steps can be superimposed onto horizontal swimlanes for the roles that perform the steps activity. These materials are primarily intended for use by records management practitioners in developing countries. Project management glossary of terms d rationalplan. Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are. It uses resource optimization techniques like resource leveling and requires that activity start times be flexible. Glossary of project management terms and acronyms used by project managers and business.