Project Management Terminology

Develop Project Charter. The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Iterative Life Cycle. A project life cycle where the project scope is generally determined early in the project life cycle, but time and cost estimates are routinely modified as the project team’s understanding of the product increases. Iterations develop the product through a series of repeated cycles, while increments successively add to the functionality of the product.

Common Acronyms

CCB (english) : Change Control Board

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
You manage a project located in a country which was known in the past for racial discrimination. In your project, the team is a melting pot of many cultures, but you notice that some of the old behavior still persists. What do you do?
  1. You add a risk in your risk register.
  2. You watch the situation and address conflicts as soon as the arise.
  3. You meet the entire team to clarify your position on this point and you ask the team to establish ground rules of conduct for themselves.
  4. Since it is part of the national history, you prefer to not interfere.
Answer & Explanation
Right answer
  1. You add a risk in your risk register.
  2. You watch the situation and address conflicts as soon as the arise.
  3. You meet the entire team to clarify your position on this point and you ask the team to establish ground rules of conduct for themselves.
  4. Since it is part of the national history, you prefer to not interfere.

Explanation : You have to handle this very delicate situation (watching out conflicts when they arise, or the risk list is not proactive). Dismissal is not an option since you deal with ethical and probably legal violations here. Make your position clear and get team feedback is the behavior to adopt. Ground rules establish clear expectations regarding acceptable behavior by project team members.

See also PMBOK® Guide – Sixth Edition: Sec. 9.4.2.4.

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>>>