12 Terms Project Managers Should Know

Do your project management meetings feel like an alien environment? Are you struggling to make head or tail of the conversation? We can help!

In the video below, you will learn the 12 key project management terms that everyone involved with projects should know. After watching, try out the quiz to check your knowledge.

 

Try out the quiz and check which terms you remember from the video!

1. What does RAG stand for?

 
 
 

2. Which of the following is a true statement about the GANTT chart?

 
 
 

3. What is the premise of the Triple Constraint?

 
 
 

4. What is the business case?

 
 
 

5. Are risks in your control as project manager?

 
 
 

6. How is a milestone represented on a GANTT chart?

 
 
 

7. Who is a stakeholder?

 
 
 

Refresh page to try the quiz again

 

Notes:

Terms from the video:

  1. RAG Status: This stands for red, amber and green status.
  2. Work Breakdown Structure: This is one of the first deliverables of the project, if not THE first.
  3. GANTT Chart or Schedule: This is a specific way to visualise the work needed to do to deliver the project.
  4. Triple Constraint: This is represented by a triangle with cost, time and scope on the vertices and quality in the middle.
  5. Methodology: This is the framework you use to manage the project. It could be PRINCE2, PMBok, Agile or a combination of them all.
  6. Business Case: This is the fundamental document for your project.
  7. Requirements: These are things that must happen or must be produced by the project.
  8. Risk: This is something that may or may not happen, but if it does happen, it will have a good or a bad effect on the project.
  9. Issue: This is something that is happening on your project right now.
  10. Milestone: This is an anchor point on the project management timeline.
  11. Stakeholder: This is someone, or a group of someones, who will be directly or indirectly affected by what the project is supposed to be delivering.
  12. Steering Committee: This is a group of people that have been tasked with providing strategic guidance to the project and are there to support the project manager.
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