project management

Project Management

The application of knowledge, skills, tools, and techniques to meet stakeholder requirements.

Work Breakdown Structure (WBS)

A deliverable-oriented breakdown of project tasks into manageable components for scheduling, costing, and organizing activities.

Critical Path Analysis

Identifying the sequence of tasks that determine the shortest project duration and must be completed on time to avoid delays.

Earned Value Analysis (EVA)

A method to measure project performance by comparing planned progress and costs with actual results.

Resource Leveling

A technique used to balance resource allocation by adjusting start and finish dates based on resource constraints.

Stakeholder Buy-In

Support and involvement from stakeholders, making it more likely that the project will meet their expectations and succeed.

Top-Down Approach

WBS approach that starts with final deliverables and breaks them down into smaller components.

Bottom-Up Approach

WBS approach that starts with detailed tasks and builds up to final deliverables.

Management Reserve

A portion of the budget set aside to cover unforeseen expenses in a project.

Phased Planning

Creating detailed plans for each phase of a project as the previous phase completes, allowing for adjustments based on new insights.