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Project Management Terminology

Control Quality. The process of monitoring and recording results of executing the quality management activities to assess performance and ensure the project outputs are complete, correct, and meet customer expectations.

Monitor and Control Project Work. The process of tracking, reviewing, and reporting overall progress to meet the performance objectives defined in the project management plan.

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

A project manager is experiencing problems defining resource requirements for a new information technology project. Which of the following tools and techniques would you recommend to him to consider in addition to the existing resource estimating technique?

  1. Benefit/cost analysis.
  2. Alternatives analysis.
  3. Variance analysis.
  4. Pareto diagram.
Answer & Explanation
Right answer
  1. Benefit/cost analysis.
  2. Alternatives analysis.
  3. Variance analysis.
  4. Pareto diagram.

Explanation : Alternatives analysis is a technique used in resource planning and estimating for generating different approaches of accomplishment of an activity, e.g. Make-or-buy decisions, different tools, various levels of resource capabilities of skills.

See also PMBOK® Guide – Sixth Edition: Sec. 6.4.2.6.

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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