PMBOK Guide Terminology Flashcards
Work Breakdown Structure (WBS)
The authorized budget assigned to scheduled work
Planned Value (PV)
A project management tool used to schedule, organize, and coordinate tasks
The approved version of the project budget
Cost Baseline
PERT Chart
Critical Path Method (CPM)
Time Management
A schedule network analysis technique used to determine the amount of scheduling flexibility
The process of planning and controlling the schedule of the project
A hierarchical decomposition of the total scope of work to accomplish the project objectives