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Project Management Terminology

Change Control Tools. Manual or automated tools to assist with change and/or configuration management. At a minimum, the tools should support the activities of the CCB.

Time and Material Contract (T&M). A type of contract that is a hybrid contractual arrangement containing aspects of both cost-reimbursable and fixed-price contracts.

Common Acronyms

VAC (english) : Variance at Completion

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
An auditor of your project wants to review a formal document that guides the project execution and project control. What will he ask you for?
  1. Project management plan.
  2. Project scope statement.
  3. Milestone chart.
  4. Configuration management.
Answer & Explanation
Right answer
  1. Project management plan.
  2. Project scope statement.
  3. Milestone chart.
  4. Configuration management

Explanation : The project management plan defines how the project executed, monitored and controlled, and closed.

See also PMBOK® Guide – Sixth Edition: Sec. 4.2.3.1.

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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