Project Management Terminology
Parametric Estimating. An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters.
Project Procurement Management. Project Procurement Management includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team.
Common Acronyms
RFI (english) : Request For Information
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Question to a Project Management Professional
Question | Select the best option |
Team building is harder in a matrix organization than projectized because: |
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Answer & Explanation
Right answer |
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Explanation : It is harder in a matrix organization to build a project team because the teammates are seconded from their functional units. See also PMBOK® Guide – Sixth Edition: Sec. 9.4.2.4. |