I've been for a small vacation, so I thought i'll post a small list of links of what happened interesting during that time:

• Vertabase project management software launches v 4.5, source
• Wikis that work: Four IT departments get it right, source
• Lessons learned for project management, source
• Extreme Toyota’s Lesson for American Auto
• Crisis Management in Action, source
• Measuring Productivity Metrics With Programmer, source
• New Deloitte Aerospace & Defense Study finds Root Causes for Program Cost Overruns in USA, source
• Six Sigma: Myths and Realities, source

 

So much for today, keep tuned!

Technorati Tags: project management links,project management news

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As I have promised in one of my previous posts, here are the other 15 project management acronyms that you might find useful:

* PM (Project Manager, or Project Management)
* CT (Cycle Time) - the amount of time
* BAC (Budget At Completion) - all budgets allocated for the project
* EAC (Estimate At Completion) - actual cost of project work and completed and the work left to complete the project
* FP (Fixed Price) - when you have a signed contract that you’ll deliver the project in time, in budget etc. The client does not pay for “over budget”, project is completely contractors’ responsibility.
* JIT (Just In Time) - no comments :)
* CE (Cost Estimating) - expected costs of a project task
* VAC (Variance At Completion) - if your BAC-EAC gives a negative value, it means you are over budget.
* MPS (Multi Project Schedule) - scheduling technique that ensures the right resource allocations.
* PERT (Program Evaluation and Review Technique) - scheduling technique that determines the duration of a project.
* QA (Quality Assurance) - actions necessary to make sure that the product meets its requirements. Of course there is much then that to quality assurance :), you can expect a separate post on this soon.
* QC (Quality Control) - controlling results throughout the project life cycle, that project deliverables would meet the agreed standards
* RAM (Responsibility Assignment Matrix) - ensures that all activities are assigned to at least on project member (with some level of responsibility)
* SME (Subject Matter expert) - project member is an expert in some part of the project (like planning, or requirements, or charter etc.).
* RRC (Risk Response Control) - controlling the actions taken when risks appear.

I hope you are enjoying managing projects and i hope that this blog helps to make things at least a bit easier :) Let me know, leave your comments.

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As I have promised in one of my previous post, here are the other 15 project management acronyms that you might find useful:

• PM (Project Manager, or Project Management)


• CT (Cycle Time) - the amount of time


• BAC (Budget At Completion) - all budgets allocated for the project


• EAC (Estimate At Completion) - actual cost of project work and completed and the work left to complete the project


• FP (Fixed Price) - when you have a signed contract that you'll deliver the project in time, in budget etc. The client does not pay for "over budget", project is completely contractors' responsibility.


• JIT (Just In Time) - no comments :)


• CE (Cost Estimating) - expected costs of a project task


• VAC (Variance At Completion) - if your BAC-EAC gives a negative value, it means you are over budget.


• MPS (Multi Project Schedule) - scheduling technique that ensures the right resource allocations.


• PERT (Program Evaluation and Review Technique) - scheduling technique that determines the duration of a project.


• QA (Quality Assurance) - actions necessary to make sure that the product meets its requirements. Of course there is much then that to quality assurance :), you can expect a separate post on this soon.


• QC (Quality Control) - controlling results throughout the project life cycle, that project deliverables would meet the agreed standards


• RAM (Responsibility Assignment Matrix) - ensures that all activities are assigned to at least on project member (with some level of responsibility)


• SME (Subject Matter expert) - project member is an expert in some part of the project (like planning, or requirements, or charter etc.).


• RRC (Risk Response Control) - controlling the actions taken when risks appear.

Of course there are many other acronyms that i haven't mentioned here, which ones do you use most?

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I quess when you read stuff related to project management you find a lot of abbreviations, so i decided to gather some and share with you. Here are the first 15:

1. WBS - Work Breakdown Structure: fundamental project management technique for projects scope definition and organization uses hierarchical tree structure.


2. EVA - Economic Value Added: financial performance method to calculate the true profit of the company.


3. BCWP - Budget Cost of Work Performed: measures the budgeted cost of work that has actually been performed up to date.


4. ACWP - Actual Cost of Works Performed: total cost of work completed up to date.


5. TM - Time Management. Check my post about time management


6. PSI - Probability of Success Indicator: a concept used in the book "How to Run Successful Projects III: The Silver Bullet" by Fergus O'Connell.


7. PMBOK - Project Management Body Of Knowledge: term describing knowledge in the field of project management.


8. XP - Extreme Programming: software engineering methodology (a form of agile software development).


9. RUP - Rational Unified Process: iterative software development process.


10. 7P - Product, Price, Place, Promotion, People Process, Physical evidence: or the so called Extended Marketing Mix.


11. PO - Purchase Order: written sales contract between buyer and seller indicating services, payment terms, delivery dates etc.


12. SLA - Service Level Agreement: a part of a service contract, where the level of contract is formally defined.


13. RFP/RFQ - Request For Proposal/Quotation


14. NDA - Non-Disclosure Agreement: as well know as a confidentiality agreement.


15. TCO - Total Cost of Ownership: how much it actually costs, direct and indirect costs.

Hope this will make thing a bit easier for you ;) Wait for other 15 soon!

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