PROJECT MANAGEMENT GLOSSARY

Key PM Terms For Professional Service Firms

Project management has its own set of terms. This glossary is your guide to understanding what gets thrown around in meetings and plans. With these definitions, you'll be speaking the language of success on your next project!

Key PM Terms For Professional Service Firms

Agile project management is an iterative approach focused on flexibility, collaboration, & continuous improvement ↗

Explore key concepts and methodologies of the Agile framework.

Discover the role of an Agile Coach, their key responsibilities, and essential skills.

Agile sprints are brief, focused iterations that help teams deliver incremental value swiftly.

Discover how a baseline plan can keep your projects on track.

A business case is a document that outlines the justification for a proposed project or investment.↗

Change control is a project management process for handling modifications to the project scope, schedule, or budget.

A contingency plan is your project's "Plan B" for handling potential risks and unexpected challenges.

Critical path analysis identifies the sequence of tasks that determines your project's minimum completion time.

Free float is the buffer time a non-critical task can be delayed without affecting subsequent tasks in a project schedule. Free float is the buffer time a non-critical task can be

Gate reviews are scheduled decision points in a project lifecycle used to assess progress, manage risks, and determine if a project should move forward.

A visual tool for managing project workflow, boosting efficiency, and maximizing delivery.

A milestone diagram is a visual timeline highlighting key project stages (milestones) to track progress and improve communication.

Project assumptions are factors believed to be true in a project plan.

Risk monitoring and control is an ongoing process for identifying, assessing, and addressing project risks throughout the project lifecycle.

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