Advanced Terminology

The advanced project management terminology relevant to the lifecycle of a project.

All articles Additional Materials Advanced Terminology Basic Terminology Introduction Methodologies Scrum
`

Advanced Terminology

The advanced project management terminology relevant to the lifecycle of a project.

Advanced Terminology

Project Network Diagram: What It Is & How to Make It

Project diagrams are one of the many tools managers use to turn a complicated net of tasks into a simple overview of all the steps toward project completion. Sometimes, complex projects have too many components, and keeping track of them becomes too confusing. Creating a visual project network diagram helps the entire team understand where […]

Read more ⟶

What Is a RAID Log? Benefits, Examples & Free Template

A RAID log is a project management tool used to track and evaluate project risks, actions or assumptions, issues, and dependencies or decisions.

Read more ⟶

What Is Fast Tracking in Project Management? (+ Expert Tips)

Fast tracking in project management is a method used to shorten the duration of a project by performing tasks on the critical path simultaneously instead of one after another.

Read more ⟶

What Is Schedule Variance (SV)? Formula and Examples

Schedule variance is a project management metric that tells us if our plans are developing as scheduled. Learn how to calculate SV through examples.

Read more ⟶

What Is Cost Variance (CV)? Formula + Examples

Cost variance (CV) is the difference between earned value and actual cost that shows whether project costs are deviating from their planned values.

Read more ⟶

What Are Project Controls?

Project controls are processes used to control two key aspects of a project — time and cost. Learn more about them here.

Read more ⟶

What Is Backlog Refinement (Grooming)? 

Find out what backlog refinement is, why it is important, how often you should do it, which backlog refinement strategies can help, and more.

Read more ⟶

Earned Value Management: An Overview With Formulas

Earned value management (EVM) is a project management technique that measures project performance based on project scope, schedule, and cost data.

Read more ⟶

Float in Project Management: Definition, Types, Benefits, and Examples

Float in project management is a useful buffer that can help you keep a project within schedule. Discover the benefits of float and how to calculate it.

Read more ⟶