5 Terms
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Project management
Referring to the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project objectives.
Industry: Business services
Add a new termContributors in Project management
Project management
Management by wandering around
Business services; Project management
(MBWA) A management style in which managers spend the majority of their time outside their offices interacting with key people.
Incremental, iterative development
Business services; Project management
(IID) A cyclical development process in which a project gradually evolves over time.
Capability maturity model (CMM)
Business services; Project management
A framework which describes the evolutionary stages of project management systems.The term "maturity" relates to the degree of formality and optimization of processes, from ad hoc practices, to ...
Build-own-operate-transfer
Business services; Project management
A risk management provision in which the prime contractor not only builds the facility, but also takes over ownership until its operation capacity has been proven before final transfer of ownership ...
Project Management Professional (PMP)
Business services; Project management
An individual who has met specific education and experience requirements set forth by the Project Management Institute, has agreed to adhere to a code of professional conduct, and has passed an ...
Critical path method (CPM)
Business services; Project management
A scheduling method based on the estimates of time required to complete activities on the critical path. The method computes early, late, and slack times for each activity in the network. It ...
Monte Carlo simulation
Business services; Project management
A method of simulating project activity duration using probabilities. The method identifies the percentage of times, activities, and paths that are critical over thousands of simulations.
