PM : Acronyms and Terminologies

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There are many project management terminologies and acronyms used in the field, and here are some of the most common ones:

  1. PM - Project Manager
  2. PMBOK - Project Management Body of Knowledge
  3. PMP - Project Management Professional
  4. WBS - Work Breakdown Structure
  5. Gantt chart - A chart that displays the project schedule
  6. CPM - Critical Path Method
  7. PERT - Program Evaluation and Review Technique
  8. RACI - Responsible, Accountable, Consulted, Informed
  9. SWOT - Strengths, Weaknesses, Opportunities, Threats
  10. ROI - Return on Investment
  11. KPI - Key Performance Indicator
  12. SLA - Service Level Agreement
  13. SOP - Standard Operating Procedure
  14. EVM - Earned Value Management
  15. OPM - Organizational Project Management
  16. RFI - Request for Information
  17. RFP - Request for Proposal
  18. RFQ - Request for Quotation
  19. BOM - Bill of Materials
  20. SOW - Statement of Work
  21. POC - Proof of Concept
  22. MVP - Minimum Viable Product
  23. CBA - Cost Benefit Analysis
  24. EAC - Estimate at Completion
  25. EV - Earned Value
  26. PV - Planned Value
  27. AC - Actual Cost
  28. TCPI - To-Complete Performance Index
  29. SPI - Schedule Performance Index
  30. CPI - Cost Performance Index

 

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