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Project Management Terminology

Estimate Costs. The process of developing an approximation of the monetary resources needed to complete project work.

Project Management Process Group. A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes. Project Management Process Groups are not project phases.

Common Acronyms

ES (english) : Early Start date

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
Only one tool or technique below is a tool or a technique of the process “Close Project or Phase”. Which one?
  1. Ground rules.
  2. Strategies for opportunities.
  3. Source selection analysis.
  4. Expert judgement.
Answer & Explanation
Right answer
    1. Ground rules.
    2. Strategies for opportunities.
    3. Source selection analysis.
    4. Expert judgement.

Explanation : The only tool or technique that belongs to the process “Close Project or Phase” is expert judgement.

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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