Remove Budget Remove Critical Chain Remove Project Life Cycle
article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

The PMBOK provides definitions and guidelines for project planning, scheduling, executing and controlling. For example, the project management process groups describe the project life cycle while the 10 project management knowledge areas explain how to manage a project. Try ProjectManager for free!

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Besides requirements, the brief usually also offers a background of the project, its sponsors, and its business case. Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Start a Career in Project Management: Answers to FAQ

Epicflow Blog

What Should a Project Manager Know and What Skills Should He/She Possess? Every project manager should have a strong understanding of project theories and methodologies, and be able to apply them in his or her work: Agile, . Hybrid, Critical Chain, Critical Path, Kanban, Scrum, Six Sigma, Waterfall [3].

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a project management methodology focused on team communication and feedback rather than strict following rules and scripts. . is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Acquire Project Team .

article thumbnail

Project Management Glossary: 200+ Terms PMs Frequently Use

Epicflow Blog

is a project management methodology focused on team communication and feedback rather than strict following rules and scripts. . is an approach to evaluating a gross value applying such criteria as budget, complexity, duration, and size based on a previous similar project estimation experience. . Acquire Project Team .

article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 1 Transcription

MPUG

Now, the standard for project management, on the other hand, it would have been typically process-focused. A step-by-step through those aspects that were described in the guide, the knowledge areas, and concentrating on the project life-cycle from beginning to end. Does PMBOK 7 offer measurements? Speaker 3:Great.

PMI 59
article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

When we talk about the project life cycle and within it, the development approach, we sought out to say, no, we have to design this in the different chapters and segments. And so it was appropriate to say, okay, they budgeted 500 hours for me to get the list of modules accomplished. Sorry, Microsoft.

PMI 59