Project Management Terminology

Matrix Organization. Any organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project.

Project Management Office (PMO). A management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.

Common Acronyms

FFP (english) : Firm-Fixed-Price

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
When should the activities related to the transfer of knowledge from the project team to the operational team be planned?
  1. When the product documentation is ready.
  2. In the WBS.
  3. During the project closure.
  4. After the project completion and closure.
Answer & Explanation
Right answer
    1. When the product documentation is ready.
    2. In the WBS.
    3. During the project closure.
    4. After the project completion and closure.

Explanation : Don’t forget that those activities should be planned during the planification phase. This is a part of the project scope and therefore also the WBS.

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.

>>> 4 to 6 months with individual telecoaching in German – English – French – Spanish>>>