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Project Management Terminology

Bar Chart. A graphic display of schedule-related information. In the typical bar chart, schedule activities or work breakdown structure components are listed down the left side of the chart, dates are shown across the top, and activity durations are shown as date-placed horizontal bars. See also Gantt charte.

Documentation Reviews. The process of gathering a corpus of information and reviewing it to determine accuracy and completeness.

Common Acronyms

T&M (english) : Time and Material Contract

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
The project you managed is about to finish. It is satisfactory, and the deliverables have been accepted. The main learnings have been compiled and all the project files are archived. What else needs to be done before closing the project?
  1. The project should be handed over to the production team.
  2. The final acceptance should be formalized.
  3. The remaining change requests need to be formalized.
  4. The resources need to be released.
Answer & Explanation
Right answer
  1. The project should be handed over to the production team.
  2. The final acceptance should be formalized.
  3. The remaining change requests need to be formalized.
  4. The resources need to be released.

Explanation: Before releasing the resources, the handover to the production team is the key missing activity (since the acceptance has been done).

See also PMBOK® Guide – Sixth Edition: Sec. 4.7.3.2.

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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