Project Management Terminology: 15 Terms a Project Manager Must Know

Project management terminology is crucial nowadays. There are at least 15 terms project manager must know as for me. However, keep in mind that using a term doesn't oblige anyone to use processes and tools from PMBOK Guide as is. The concept may be as described by the Project Management Institute.
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[@ITProjectManagers]

✅ Get promoted to Senior IT Project Manager, without juggling an unmanageable workload itpmschool.com/go/plan

[@mostafaabdelgawad5710]

Could you guide me how to rewrite my cv to be able to get called in project management positions

[@anuc2412]

Dmitry is posting really superb videos i have ever seen in this dry topic. And i want him to post more and more videos.

[@ITProjectManagers]

Thanks, Anu! Glad it was helpful.

[@modidhaval900]

Some important parameters to keep in mind - Project Governance Matrix, Performance Matrices, Strategy to deal with different stakeholders

[@ITProjectManagers]

Thanks for your input. These are quite advanced terms and topic!

[@skyl13_whyl13]

Nice video my teacher sent us a link to watch for class and, it's good

[@ITProjectManagers]

Glad you found the video useful. Pass my thanks to your teacher for reference.

[@Vetaltv]

Definition of quality

[@ITProjectManagers]

Nice one. Let's also keep the term here. Quality is the degree to which the final product, service, or result corresponds to the requirements. It includes the number of defects present in the product, and whether end users are willing to use it.

[@king0vdarkness]

2:57 please may I ask what you mean here? In terms of communication differences with different stakeholders? Is this like having to take the sponsor/supplier to lunch to get them on your good side? or more formal meetings in the client's office to determine their requirements?

[@ITProjectManagers]

In most cases, you should use a communication tool that leave a trial. You don’t want to discuss project budget or timelines with clients on a meeting or informal dinner. At least you need to follow up with an email on all agreements. The same goes with requirements. You can collect them on a meeting. But then, you need to write them down and get a sign off from a stakeholder that the requirements are correct.

[@king0vdarkness]

@@ITProjectManagers Thank you Dmitriy! :D

[@ssejjusaruth7653]

Very Nice content however so fast 😢

[@ITProjectManagers]

Sorry for that:) Being on camera is not the skill they teach you at school. So, it's a learning curve for me. Newer videos are a bit better in that sense.

[@king0vdarkness]

9:28 isn't this the PM's job? Why is it outsourced?

[@ITProjectManagers]

It seems like timestamp and your question are out of sync. I don’t understand what you ask...

[@king0vdarkness]

@@ITProjectManagers Hi Dmitriy, yes you are correct, my apologies for that! At 9:23 you say that it's the PM's responsibility to fill the PM process groups with the correct processes and tools; then at 9:32 you say that a PM doesn't have to worry about this and that it's outsourced. I think I've misunderstood, please can you explain?

[@teabag2258381]

crashing and fast traking

[@ITProjectManagers]

Great question! Crashing and Fast Tracking are schedule compression techniques. You use them when you need to reduce the overall duration of a project. With Fast Tracking, you try to do several activities in parallel rather than one by one. Usually, it introduces new risks to the project and lots of communication overhead for the team. With Crashing, you put more resources (read people) to one activity to finish it faster. It also introduces new risks and additional costs. Moreover, there’s a law of diminishing returns. In IT it means that putting more developers to do one piece of functionality won’t bring you a proportional increase in productivity. And sometimes, it’s just inefficient. Nine women can’t bear a child in 1 month, you know...

[@teabag2258381]

@@ITProjectManagers Nice explanation.

[@ITProjectManagers]

Glad it helps!