Project Management Terminology

Manage Team. The process of tracking team member performance, providing feedback, resolving issues, and managing team changes to optimize project performance.

Objective. Something toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed.

Common Acronyms

EF (english) : Early Finish date

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
A project manager has trouble determining a contract approach best suited for services to be acquired on his project. Which of the following criteria is most important in selecting the type of contract?
  1. Organizational structure of the performing company.
  2. Experience with a certain type of contract.
  3. Amount of money to be spent on procurement.
  4. Accuracy and completeness of the scope of work to be done.
Answer & Explanation
Right answer
  1. Organizational structure of the performing company.
  2. Experience with a certain type of contract.
  3. Amount of money to be spent on procurement.
  4. Accuracy and completeness of the scope of work to be done.

Explanation :The degree of certainty for the scope of work is one of the most important issues while determining a type of contract to be used.

See also PMBOK® Guide – Sixth Edition: Sec. 12.1.1.

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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