Project Management Terminology

Historical Information. Documents and data on prior projects including project files, records, correspondence, closed contracts, and closed projects.

Resource Leveling. A resource optimization technique in which adjustments are made to the project schedule to optimize the allocation of resources and which may affect critical path. See also resource optimization technique and resource smoothing.

Common Acronyms

EVM (english) : Earned Value Management

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 company has been contracted to develop and implement a new web site for a large retailer. Two months into the project, the design of the site is completed, and the project manager begins the process to obtain formal acceptance of the deliverable by the client. Which document will be most helpful for the project manager to find the client’s acceptance criteria?

  1. Work breakdown structure dictionary.
  2. Organizational policies.
  3. Contract.
  4. Relevant quality standards.
Answer & Explanation
Right answer
    1. Work breakdown structure dictionary.
    2. Organizational policies.
    3. Contract.
    4. Relevant quality standards.

Explanation : Requirements for formal acceptance are usually defined in the contract.

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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