PMP - Project Management Best Practices

The program evaluation and review technique is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project

A work breakdown structure (WBS) is a project management tool that takes a step-by-step approach to complete large projects with several moving pieces. By breaking down the project into smaller components, a WBS can integrate scope, cost and deliverables into a single tool.

Padding is an extra time or cost added to an estimate because the estimator doesn't have enough information.

Curious about the difference between buffer vs padding in project mangement? Coming from a risk management background, I have always been offended and felt that little chill go down my spine when someone would ask if I had “padded” my numbers referring to my adding a contingency amount to scheduled tasks or budget items. Here is how I teach people not to replace the word “padding” with the word buffer.

Resource leveling is a project management technique that involves resolving overallocation or scheduling conflicts to ensure a project can be completed with the available resources. Resources include the time, materials, or tools needed to complete a project.

There are six essential techniques widely used by schedulers and planning engineers to estimate activity duration and crate the network system.

Compiled below are some of the most commonly referred to project management concepts and key terms that’ll benefit you even if you’re a seasoned pro.

To deliver a project successfully, it is important to start the project with proper identification and pre-defined goal. For this, it is required to know and understand the project management terms. This article is the project management terms cheat sheet for those who are not familiar with the project management. Here, we have covered all the project management terms that you should know. So, give a good start to your project management career by reading these important project management terms.

Performing a Post-Mortem on a Successful Project