Project Management Terminology
Baseline. The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.
Identify Stakeholders. The process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success.
Common Acronyms
EVM (english) : Earned Value Management
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Question to a Project Management Professional
Question | Select the best option |
You are hired to manage a large construction project for a hierarchical organization. The project involves significant procurement and is of great importance for your career. In such circumstances, what is the best thing you should do to develop the project charter? |
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Answer & Explanation
Right answer |
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Explanation : Organizational cultures have a direct influence on the project. Implementing a participative style may be difficult in a rigidly hierarchical organization. See also PMBOK® Guide – Sixth Edition: Sec. 4.1 |