Category: Project Management Definitions

What Is Budgeting? – Budgeting is time phased financial requirements. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

What Is Budget Estimate? – Budget Estimate is an approximate estimate prepared in the early stages of a project to establish financial viability or secure resources. For all Project Management Definitions, check the PMO...

What Is Budgeted Cost of Work Performed (BCWP)? – Budgeted Cost of Work Performed (BCWP) is the sum of the budget for work completed plus apportioned work in progress to be completed during a...

What Is Budgetary Control? – Budgetary Control is the system of creating budgets, monitoring progress and taking appropriate action to achieve budgeted performance. Note: a budget should provide the information necessary to enable approval,...

What Is Budget Cost? – Budget Cost is the cost anticipated at the start of a project. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

What Is Budget? – Budget is the quantification of resources needed to achieve a task by a set time, within which the task owners are required to work. Note: a budget consists of a...

What Is Brainstorming? – Brainstorming is the unstructured generation of ideas by a group of people. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

What Is Bottom Up Cost Estimating? – Bottom Up Cost Estimating is the method of making estimates for every activity in the work breakdown structure and summarizing them to provide a total project cost...

What Is Bid? – Bid is a tender, quotation or any offer to enter into a contract. For all Project Management Definitions, check the PMO and Project Management Dictionary by John Filicetti

What Is Benefits Management Plan? – Benefits Management Plan specifies who is responsible for achieving the benefits set out in the benefit profiles and how achievement of the benefits is to be measured, managed...