Remove Estimate Remove Event Chain Remove Information
article thumbnail

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. The baseline is established based on different sources of information such as project files from previous projects or subject matter expert opinions. It is also called a Business Case.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort. Actual Expenditure: The actual expenditure spent to complete the activity, as opposed to the planned or estimated expenditure.

article thumbnail

Project Management Methodologies Review (Part 1)

Wrike

Continuous collaboration is key, both among team members and with project stakeholders, to make fully-informed decisions. You’ll start by looking at all the tasks absolutely necessary to complete your project, and then estimating completion times for each step, including task dependencies, milestones, and final deliverables.