Project Management Terminology

Schedule Baseline. The approved version of a schedule model that can be changed using formal change control procedures and is used as the basis for comparison to actual results.

Templates. A partially complete document in a predefined format that provides a defined structure for collecting, organizing, and presenting information and data.

Common Acronyms

CV (english) : Cost Variance

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
Ted, a project team member, comes to you saying he cannot complete the assigned task in due time. Talking to Ted you learn that he has trouble with the software tools used for the task. As there is no time to provide Ted with training, you appoint another team member to perform the task. This is an example of?
  1. Requested change.
  2. Smoothing conflict resolution technique.
  3. Implemented corrective action.
  4. Configuration management.
Answer & Explanation
Right answer
    1. Requested change.
    2. Smoothing conflict resolution technique.
    3. Implemented corrective action.
    4. Configuration management.

Explanation : A corrective action is a documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.

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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