Project Management Terminology

SWOT Analysis. Analysis of strengths, weaknesses, opportunities, and threats of an organization, project, or option.

Resource Management Plan. A component of the project management plan that describes how project resources are acquired, allocated, monitored, and controlled.

Common Acronyms

LS (english) : Late 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
A chocolate must be produced at a certain temperature, which should not vary by more than 1 degree to avoid spoiling. What would be the most helpful tool to separate normal random variation of temperature from actual problems?
  1. Fishbone diagram.
  2. Control charts.
  3. Pareto chart.
  4. Brainstorming.
Answer & Explanation
Right answer
    1. Fishbone diagram.
    2. Control charts.
    3. Pareto chart.
    4. Brainstorming.

Explanation : Control charts are defined as a graphic display of process data over time and against established control limits. They are used to determine if the process is “in control” or in need of adjustment.

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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