Project Management Terminology

Actual Duration. The time in calendar units between the actual start date of the schedule activity and either the data date of the project schedule if the schedule activity is in progress or the actual finish date if the schedule activity is complete.

Matrix Diagrams. A quality management and control tool used to perform data analysis within the organizational structure created in the matrix. The matrix diagram seeks to show the strength of relationships between factors, causes, and objectives that exist between the rows and columns that form the matrix.

Common Acronyms

CPFF (english) : Cost-Plus-Fixed-Fee

If you are managing projects here are 6 good reasons to obtain your certification as Project Management Professional, PMP.

Discover how you can accomplish your PMP in 6 months as a very busy person.

Question to a Project Management Professional

Question Select the best option
A project manager is discussing with an expert how long it would take for paint to completely dry before starting the decoration of walls. The project manager is most likely in a process of
  1. Sequence Activities.
  2. Control Schedule.
  3. Estimate Activity duration.
  4. Define Activities.
Answer & Explanation
Right answer
  1. Sequence Activities.
  2. Control Schedule.
  3. Estimate Activity duration.
  4. Define Activities.

Explanation : The delay between painting and the decoration of walls is a lag that directs a delay in the successor activity. Lags and leads are determined during Sequence Activities in order to accurately define logical relationships between activities. Leads and lags are documented in the activity attributes and serve later on as inputs to Develop Schedule.

See also PMBOK® Guide – Sixth Edition: Chap. 6, Sec. 6.5.2.2 Schedule network analysis.

Why are more than 790.000 executives around the globe certified as PMP?

  • Reason 1: Better opportunities for attractive positions
  • Reason 2: Prospects of above average income
  • Reason 3: Personal development
  • Reason 4: Knowledge and ability up to date
  • Reason 5: Competences in the international context
  • Reason 6: Comprehensive operational capability

 

Discover how you can accomplish your PMP in 6 months as a very busy person.

>>> 4 to 6 months with individual telecoaching in German – English – French – Spanish>>>