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PM

PM Acronyms

QuestionAnswer
PM Project Manager or Project Management
PMP Project Management Professional
WBS Work Breakdown Structure
Gantt Gantt chart, a type of bar chart used for project scheduling
RACI Responsible, Accountable, Consulted, Informed, a matrix used to define roles and responsibilities in a project or organization
ROI Return on Investment
KPI Key Performance Indicator
CPM Critical Path Method, a project scheduling technique used to determine the longest sequence of activities in a project
EVM Earned Value Management, a project management technique used to track and evaluate a project's progress
SLA Service Level Agreement, a contract between a service provider and a customer that defines the level of service expected
OPM Organizational Project Management, the systematic management of projects, programs, and portfolios in alignment with organizational goals and strategies
PERT Program Evaluation and Review Technique, a project management technique used to estimate the time required to complete a project
PDU Professional Development Unit, a measurement used to quantify approved professional development activities for project management professionals
BAC Budget at Completion, the total budgeted cost of a project
RAM Responsibility Assignment Matrix, a chart that maps the work of the project team against the project's scope and deliverables
SPI Schedule Performance Index, a measure of project schedule efficiency, calculated as the ratio of earned value to planned value
CPI Cost Performance Index, a measure of project cost efficiency, calculated as the ratio of earned value to actual cost
PDM Precedence Diagramming Method, a project scheduling technique used to show the relationships between activities in a project
PTA Point of Total Assumption, the cost at which the seller assumes all costs above that amount
MoM Minutes of Meeting, a written record of discussions and decisions made during a meeting.
Created by: juanbon
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