Project Management Terminology
Specification Limits. The area, on either side of the centerline, or mean, of data plotted on a control chart that meets the customer’s requirements for a product or service. This area may be greater than or less than the area defined by the control limits. See also control limits.
Stakeholder Engagement Assessment Matrix. A matrix that compares current and desired stakeholder engagement levels.
Common Acronyms
SF (english) : Start-to-Finish
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 |
Honestly speaking, many project managers don’t see the difference between the critical path method and the chain method. What would be the best definition of the difference between the two? |
|
Answer & Explanation
Right answer |
|
Explanation : The critical chain method focused on managing the buffers instead of managing the total float of network paths, as the critical path method does. It is indeed developed from the critical path method, but this not answer the question. See also PMBOK® Guide – Sixth Edition: Sec. 6.6.2.2. |