Are you unsure of terms like "sunk costs" and acronyms like RACI? This excerpt from the Dictionary of Project Management Terms, (3rd ed.) defines 25 terms from common PM-centric lingo, so you can be sure everyone is speaking the same language.
What this is
Context and definitions for 25 project management terms, excerpted from the Dictionary of Project Management Terms (3rd ed.), by J. LeRoy Ward, PMP, PgMP, and Executive Vice President at ESI International.
Why it's useful
No matter how long they've been in the profession, and whether or not they use the formal title, project managers are often bombarded with new and ambiguous terms like sunk costs, RACI matrixes, and time boxing. Wading through these technical terms and acronyms can cause confusion and miscommunication if not everyone attaches the same meaning to them. This excerpt highlights these and other ubiquitous business and project management terms, as defined by a widely recognized project management expert, to help you ensure everyone is speaking the same language.
How to use it
J. LeRoy Ward, PMP, PgMP, author of Dictionary of Project Management Terms (3rd edition, October 2008), is Executive Vice President at ESI International, a global learning company helping people and organizations improve the way they manage projects, contracts, requirements and vendors. Complementing a 17-year career with four U.S. federal agencies, Mr. Ward is responsible for, among other things, ESIÕs product offerings worldwide. He is a noted author and speaker, appears frequently at project management gatherings around the world, and has more than thirty-three years in the industry.
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