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Project Management Terminology

Team Charter. A document that records the team values, agreements, and operating guidelines, as well as establishing clear expectations regarding acceptable behavior by project team members.

Result. An output from performing project management processes and activities. Results include outcomes (e.g., integrated systems, revised process, restructured organization, tests, trained personnel, etc.) and documents (e.g., policies, plans, studies, procedures, specifications, reports, etc.).

Common Acronyms

PV (english) : Planned Value

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Question to a Project Management Professional

Question Select the best option
A team member requests a technical change to an activity. After considering the impact, the project manager finds that the change can be implemented without any harmful effect on the project schedule or cost. Before the project manager will approve the change, he should:
  1. Identify the alternatives.
  2. Establish procedures to handle the change.
  3. Make sure the team member understands the change.
  4. Evaluate the impact on the other elements of the project.
Answer & Explanation
Right answer
  1. Identify the alternatives.
  2. Establish procedures to handle the change.
  3. Make sure the team member understands the change.
  4. Evaluate the impact on the other elements of the project.

Explanation : A project manager should thoroughly evaluate potential impacts that the change may have on all the project elements. Approved change requests can require new or revised cost estimates, activity sequences, schedule dates, resource requirements, and analysis of risk response alternatives.

See also PMBOK® Guide – Sixth Edition: Sec. 4.5.2

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  • 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

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