Core Project Management Vocabulary

 Here's a quick overview of some common project management terms:

Project Planning and Initiation

• Project Charter: A formal document authorizing a project.
• Work Breakdown Structure (WBS): A hierarchical decomposition of the total scope of work to be carried out by a project team.
• Project Scope: The boundaries of a project, defining what is and is not included.
• Project Schedule: A timeline outlining the start and finish dates of project activities.
• Project Budget: A financial plan for a project, including estimated costs.
• Risk Management: Identifying, assessing, and responding to potential risks.

Project Execution

• Task: A specific activity within a project.
• Milestone: A significant event or achievement in a project.
• Dependency: A relationship between tasks where one task cannot start until another is completed.
• Critical Path: The sequence of activities that directly impact the project's overall duration.
• Resource Allocation: Assigning resources (people, equipment, materials) to tasks.

Project Monitoring and Control

• Project Status Report: A regular report on a project's progress, issues, and risks.
• Change Management: A structured approach to managing changes to a project.
• Earned Value Management (EVM): A technique for measuring project performance.
• Quality Assurance: Ensuring that a project meets quality standards.
• Quality Control: The process of monitoring and reviewing project deliverables.

Project Closure

• Project Closure: The formal termination of a project.
• Post-Project Review: An evaluation of the project's performance.

Additional Terms

• Agile Methodology: An iterative approach to project management.
• Waterfall Methodology: A linear, sequential approach to project management.
• Kanban: A visual method for managing work.
• Scrum: A framework for managing complex work.
• Stakeholder: An individual or group with an interest in a project.

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