Project Management Terminology

Preventive Action. An intentional activity that ensures the future performance of the project work is aligned with the project management plan.

Work Performance Reports. The physical or electronic representation of work performance information compiled in project documents, intended to generate decisions, actions, or awareness.

Common Acronyms

AC (english) : Actual Cost

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
One of your team members suggests inviting other Project Manager in the company to the close down and lessons learned meeting at the end of the project. What should be your best response?
  1. This kind of discussion is best held privately within the team. Talking about what went wrong in front of the other PMs would not be appropriate.
  2. Great idea: I’ll send them an invitation.
  3. We will document lessons learned and put them on the lessons learned database. The other PMs can find the information there.
  4. Their projects are quite different to mine. I don’t think they would benefit from our lessons learned.
Answer & Explanation
Right answer
  1. This kind of discussion is best held privately within the team. Talking about what went wrong in front of the other PMs would not be appropriate.
  2. Great idea: I’ll send them an invitation.
  3. We will document lessons learned and put them on the lessons learned database. The other PMs can find the information there.
  4. Their projects are quite different to mine. I don’t think they would benefit from our lessons learned.

Explanation : You cannot judge the importance of your lessons to others, even if the projects are dissimilar. Lessons learned are best passed from person to person and in the context of the project. Inviting the other PMs to participate would be a good idea.

See also PMBOK® Guide – Sixth Edition: Sec. 4.7.2.3

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>>>