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Simply explained by a PMI-certified Project Manager

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  • Claims Administration  The managing contract is very important in project management. Contracts set the professional relationship between the buyer and seller thus...
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  • Defect  There are two traditional meanings for the word “defect“. The verb “to defect” can refer to the act of leaving...
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  • Product Life Cycle  In terms of project management, the concept of a product life cycle actually mirrors very closely what we would think...
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  • Activity Code  Activity code represents one or more specific values that are assigned to each schedule. Each of these codes are unique...
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  • Budgeted Cost of Work Performed  See earned value (EV). This term is defined in the 3rd and the 4th edition of the PMBOK. Get free...
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    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.

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