Edward shares his certification experience and resources here in the hope of helping others who are pursuing these certification exams to achieve exam success. >> 0000001109 00000 n Issued by the PMI (see below), this is a comprehensive publication pertaining to the practice of project management. amzn_assoc_default_category = "Books"; The exact PMP meaning is not always agreed upon. October 5, 2018, An acronym is a word or name formed as an abbreviation from the initial components in a phrase or a word, usually individual letters and sometimes syllables … ~ Wikipedia. endobj 0000002499 00000 n CV – Cost Variance. 0000001471 00000 n (2) A task or set of tasks that are carried out in order to create an PMI – Project Management Institute. 0000001328 00000 n As you can see, many of these project management acronyms are slightly different to the engineering and drawing focused acronyms. my PMP® / PMI-ACP® Certification status can be verified here, How to Know if You Are Ready for the PMP Exam ? Commentdocument.getElementById("comment").setAttribute( "id", "ae32ef2886a6e9849d7bf9fa797b3e13" );document.getElementById("b93770903a").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. 5 0 obj >> Hope this will be helpful for the students of finance have interest on project management and any other parties related with project (public or private). Hi Edward, thank you for compiling this list of abbreviations. /Type/ExtGState amzn_assoc_linkid = "1e482a7c212c4723ab0c26bd85605a26"; amzn_assoc_fallback_mode = {"type":"search","value":"PMP"}; /FunctionType 0 In the A Guide to the Project … amzn_assoc_region = "US"; Here's some of the mainstay architecture acronyms: COMPR - Compressible, some architect drawing acronyms are more self-explanatory than others, EPDM -Ethylene Propylene Diene M-Class (Roofing) - Some construction acronyms save us a lot of time pronunciation issues, FD - Floor drain or fire department - make sure you know which acronyms it means here, FND - Foundation - one of the most 'foundational' acronyms in the business of construction, HVAC - Heating, ventilating and air conditioning - an acronym which has become mainstream, NIC - Not in contract, some acronyms are related to outside forces and not materials or designs, SPK - Sprinkler or speaker - another important one not to get mixed up. A non-profit organization for project management professionals, providing resources, advice and opportunities for professional members of the community as well as information about project management terms. Strenths, Weaknees, Oppurtunities, and Threads, check my certification status or to learn more about me. << A binding, legal document used to outline the scope of work completed and to ensure that all parties agree to the terms before work commences. Project Plan < Insert Project Name > − schedule, − budget, − resources, − quality, − software to be reused, − existing software to be incorporated, − technology to be used, and − external interfaces. There are a number of other blueprint acronyms of course, but many of them have been covered in previous construction acronym sections. There are dozens of project management terms you might come across and many are abbreviated to make things quicker. NPV! WBS – Work Breakdown Structure. As you become more and more knowledgable about your construction acronyms, you'll see more and more overlap across activities. Here's some of the more common and useful floor plan acronyms. Following is a list of common terms, definitions, and acronyms used within the project management industry. PROJECT MANAGEMENT GLOSSARY 5! Dictionary of project management terms and acronyms. %PDF-1.3 This is a calculation of the project costs that quantifies the difference between the actual cost (AC) and the earned value (EV), as represented by the equation EV – AC = CV. 0000016423 00000 n Important PMP® Abbreviations / Acronyms. PV – Planned Value. It is also one of those project management abbreviations which can mean something else, in this case it sometimes also denotes “Small to Medium Enterprise”. PMIS - Project management information system. 4 0 obj amzn_assoc_ad_type = "smart"; Wish you PMP success! Please feel free to check my certification status or to learn more about me. In the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) and the PMP® Exam, acronyms are almost used everywhere to allow more effective communication, long terms such as “A Guide to the Project Management Body of Knowledge” can be much shortened to PMBOK® Guide. /Length 8 PMBOK – Project Management Body of Knowledge. /Range[0 1 0 1 0 1 0 1] 0000002214 00000 n Project Time Management: Crashing vs Fast Tracking for PMP Exam, PMP Lessons Learned: Writing Mock Exams is Crucial, P.S. Activity (1) A component of work performed during the course of a project. Important PMP® Abbreviations / Acronyms. Hi, my name is Edward Chung, PMP®, PMI-ACP®, ITIL® Foundation. EMV - Expected monetary value - project management acronyms can mean the difference between failure and success. Consensus Unanimous agreement among the decision-makers that The AC is tallied at the project’s completion to show the true and final cost of the project. Terms are linked to definitions where available. 0000021455 00000 n Please note that some of the acronyms might have a different meaning in other contexts so you should take them with a grain of salt if you are not sure about the context. Powerful project and portfolio management for today’s global enterprise. /FunctionType 0 In the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) and the PMP® Exam, acronyms are almost used everywhere to allow more effective communication, long terms such as “A Guide to the Project Management Body of Knowledge” can be much shortened to PMBOK® Guide. I will also extend this list from time to time. 0000021724 00000 n Net Present Value (NPV) is an estimate that helps organisations determine the 1.3 Project Deliverables
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