Project Management Terminology

Effort. The number of labor units required to complete a schedule activity or work breakdown structure component, often expressed in hours, days, or weeks. Contrast with duration.

Manage Project Knowledge. The process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning.

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

Which of the following options presents the correct order of Maslow’s hierarchy of needs?

  1. Self-actualization, physiological, esteem, safety, belonging.
  2. Physiological, safety, belonging, esteem, self-actualization.
  3. Physiological, love, friends, stability, self-actualization.
  4. Air, water, food, sex, sleep.
Answer & Explanation
Right answer
    1. Self-actualization, physiological, esteem, safety, belonging.
    2. Physiological, safety, belonging, esteem, self-actualization.
    3. Physiological, love, friends, stability, self-actualization.
    4. Air, water, food, sex, sleep.

Explanation : nderstanding Maslow’s hierarchy of needs (physiological, safety needs, love (belonging), esteem, self-actualization) can help the project manager to motivate his/ her team.

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>>>