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Project Management Terminology

Earned Value Management. A methodology that combines scope, schedule, and resource measurements to assess project performance and progress.

Product Analysis. For projects that have a product as a deliverable, it is a tool to define scope that generally means asking questions about a product and forming answers to describe the use, characteristics, and other relevant aspects of what is going to be manufactured.

Common Acronyms

CPI (english) : Cost Performance Index

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
All of the following are examples of constraints to a project except:
  1. The cost of construction materials must not exceed $100,000.
  2. The most experienced architect will be available at the design phase of a project.
  3. Women employees are not allowed to work at night.
  4. The roof must be finished before the rain season.
Answer & Explanation
Right answer
  1. The cost of construction materials must not exceed $100,000.
  2. The most experienced architect will be available at the design phase of a project.
  3. Women employees are not allowed to work at night.
  4. The roof must be finished before the rain season.

Explanation : Assumptions are factors that, for planning purposes, are considered to be true, real, or certain without proof or demonstration. The assumption log includes both assumptions and constraints.

See also PMBOK® Guide – Sixth Edition: Sec. 4.1.3.2.

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.

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