Project, Program, Portfolio, and Project Management
System for value delivery
Project Performance domains
Stockholder performance domain
Team Performance Domain
Development Approach and Life cycle performance domain
Project Planning Performance domain
Project Work Performance Domain
Delivery Performance Domain
Measurement performance Domain
Uncertainty Performance domain
Project Management Quiz
This feature has been disabled by the administrator
- Estimate: A rough calculation of time, cost, or resources needed for a task or project. Example: Estimating 10 days to complete software development.
- Accuracy: How close your estimate or result is to the actual value. Example: If the actual cost is ₹1,000 and your estimate was ₹980, it’s accurate.
- Precision: How consistent your repeated estimates or measurements are, even if they are not close to the actual value. Example: Always estimating ₹950, ₹951, ₹949 high precision but may not be accurate.
- Crashing: A method to shorten project duration by adding more resources to critical tasks, which increases cost. Example: Adding extra engineers to finish work faster.
- Fast Tracking: A technique where you do tasks in parallel that were originally planned in sequence to save time. It may increase risk. Example: Starting construction while design is still being finalized.
- Budget: The approved amount of money allocated for a project. It includes all estimated costs needed to complete the work.
