Project Management Terminology
Project Stakeholder Management. Project Stakeholder Management includes the processes required to identify the people, groups, or organizations that could impact or be impacted by the project, to analyze stakeholder expectations and their impact on the project, and to develop appropriate management strategies for effectively engaging stakeholders in project decisions and execution.
Seller Proposals. Formal responses from sellers to a request for proposal or other procurement document specifying the price, commercial terms of sale, and technical specifications or capabilities the seller will do for the requesting organization that, if accepted, would bind the seller to perform the resulting agreement.
EAC (english) : Estimate at Completion
If you are managing projects here are 6 good reasons to obtain your certification as Project Management Professional, PMP.
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Question to a Project Management Professional
|Question||Select the best option|
|You are a project manager of a hardware development project. Testing the prototype is due to be done tomorrow when the customer request additional functionality to the product. Fortunately, the project is ahead of schedule and the change is easy to implement. What should you do?||
Answer & Explanation
Explanation : Since a change request is made, the project manager should first assess how the change wll impact the project.
See also PMBOK® Guide – Sixth Edition: Sec. 18.104.22.168.
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