The Top 10 Project Management Terms and What they Mean
It is easy to get overwhelmed when you first begin project management.
We are here to help. Let’s start with the basics of project management terms.
These top 10 project management terms will help you lead your team and projects to success. Watch our video on project management terms to learn more about their meaning and how to apply them to your projects.
Definitions and terminology in project management
These are key terms and definitions that you need to know about project management in order for your projects to be a success.
Requirements are conditions or tasks that must be met in order for a project to succeed or be completed. These requirements can come in many forms. You should document your project requirements to ensure that everyone understands them and can update them.
2. Plan for the project
A project plan is a document that outlines the tasks, milestones and processes of a project. It also considers the scope and deadlines. Learn how to create a plan for your project that will help you and your team deliver projects on time.
A milestone is an event that marks a significant event or change in a project. Milestones can be used to monitor important deadlines and deliverables and help you ensure that your project stays on track.
Here’s an example of how a team uses milestones to track major project deadlines.
4. Stakeholder management
Stakeholder management is the act of engaging with people who are responsible for or have funded a project. Clear expectations about who your stakeholders will be and when they will need engagement can help you get approvals faster and avoid delays.
The scope of a project refers to the work required to complete it. A well-written scope statement can help you avoid scope creep and keep your team from getting distracted by unplanned changes and feature requests.
Uncertain events can impact at least one project goal. Every project manager should have a risk assessment in place so they can plan ahead and address potential problems before they occur.
7. Expectation management
Expectation management refers to the process of making sure all parties involved in a project, including teams and stakeholders, are aware of how it will run, communicate effectively, as well as what will happen.
8. Status report
A status report is a detailed, recurring document that helps all your stakeholders and your internal team be open about your work, process, and budget.
9. Resource management
Resource management is the creation and maintenance of a staffing plan. This helps ensure that teams are productive and not overwhelmed. TeamGantt’s resources management tools will help manage and allocate your team’s resources.
10. Change management
Change management is the management of unscheduled changes to a project. It involves the use tools and techniques to manage them. The smooth transition will be made possible by a process for managing project change.
Learn more about project management
TeamGantt’s guide on project management provides valuable information. This guide will provide you with all the information you need in order to be a great manager of projects.
You can quickly and easily manage your projects
TeamGantt makes managing project plans easy. It’s also very fun! Drag and drop is all that’s required.
You can also share your progress online with your stakeholders and colleagues. No more boring spreadsheets or chasing down updates prior to a big event.