Project Management Terminology
Organizational Process Assets. Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.
Project Schedule Management. Project Schedule Management includes the processes required to manage the timely completion of the project.
Common Acronyms
EF (english) : Early Finish date
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Question to a Project Management Professional
Question | Select the best option |
The BOM is the Bill of Materials, while the WBS is the Work Breakdown Structure. What is the difference between BOM and WBS? |
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Answer & Explanation
Right answer |
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Explanation : A Bill of Materials (BOM) presents a hierarchical tabulation of the physical assemblies, subassemblies, and components needed to fabricate a manufactured product. The WBS is a deliverable-oriented hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives and create the required deliverables. |