A Get all important Project Management Updates! Related Articles: Variance In the project management world, variance is a measurable change from a known standard or baseline. In other words, variance... Plan Scope Management The scope is an important element in project management; without it, it is difficult to estimate the cost or time... Charter See project charter. This term is defined in the 3rd and the 4th edition of the PMBOK. Get all important... Project Charter The concept of the project charter refers specifically to the input/.output device that is traditionally in the form of a... Regulation Regulation is a pretty important word to know the meaning of when it comes to the management of any particular...