• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Project Management Knowledge

Simply explained by a PMI-certified Project Manager

  • Home
  • Acronyms and Abbreviations
  • Definitions
  • About the Author
  • Deutsch
  • Show Search
Hide Search
You are here: Home / Definitions / T / Tolerance

Tolerance

The term tolerance in project management is very broad. Many people confuse it with the definition for risk or budget tolerance. By definition, it is the quantified description of the acceptable variation for a particular quality requirement.

Project management teams have knowledge about statistical control processes in evaluating data that are contained within the control quality outputs. Tolerance defines the specified range of the acceptable results. It also sets the control limits which identifies the boundaries of the variation in a particular process performance.

As a broad term, tolerance encompasses different aspects of project management. Project managers have to be aware of the tolerance for aspects such as time, cost, scope, risk, quality and benefits to be able to perform the different project activities effectively.

This project management concept allows project managers to go a little over or under within  a particular aspect of the project without the need to constantly go to the project sponsor to get new approval. It provides a leeway for the project manager so that they can do more important aspects of their job.

This term is defined in the 5th edition of the PMBOK.

Related Articles:

 
  • Conformance  Conformance is essential in quality assurance of a project management plan. Without it, the overall project performance will turn out...
  •  
  • Risk Threshold  Risks are uncertainties that, if it happens, can have both positive and negative effect on the project objectives, schedule, cost,...
  •  
  • Risk Urgency Assessment  The risk urgency assessment is a project management process that reviews and determines the timing of actions that need to...
  •  
  • Conformance Work  Conformance work is performed to compensate for the imperfections present within the organization or project management task. These imperfections prevent...
  •  
  • Risk Tolerance  Risks are essential elements in project management. They are uncertain events that may influence the project both positively and negatively....
  • Primary Sidebar

    Dear Visitor, I am a PMP (Project Management Professional), certified by the Project Management Institute since 2004. I have been managing dozens of projects, small and huge, successful and unsuccessful. This site is supposed to help you learn the required vocabulary of the project management world. Please feel free to check my certification status or to learn more about me.

    Copyright © 2021

    • Privacy Policy