Some must-know terms you need to know before starting your project!
Are you new to project management and have heard some new terms you weren’t aware of?
It’s really important to understand some of the most-used project management terms so that you can keep up with what’s happening on your project and succeed.
1 – Projects
You may think that there’s an obvious definition to this word, but it’s really important that you understand what a project actually is, so you know exactly what you need to accomplish.
A project is an activity or initiative that has a start and end date with tasks to reach a specific outcome.
Projects are not just your everyday work. If you have tasks that you’re constantly repeating over and over, that’s not a project; that’s just an everyday work task.
Just note that the start and end date are really key to making something a project – a project is temporary in nature.
2 – Project life cycle
This is one of the most critical project management terms that you need to understand because all projects go through this life cycle.
A project life cycle is the sequence of activities a project goes through. There are five specific phases of the project life cycle:
- Monitor + control
It doesn’t matter what project management methodology you use; they all go through this framework, which is why it is critical to understand.
More Project Management Terminology
If you want to understand these project management terms in more detail, as well as 8 other project management buzz words, head over to my YouTube channel and watch the video I made that goes into depth on these terms and more.
Meanwhile, if you really are committed to mastering your projects, do consider taking my SLAY Project Management online course where I show you step-by-step how to successfully manage a project, including a cheat sheet of every project management term you’ll need and other helpful templates, along with detailed video instructions on all the templates and how to take your project through all five project life cycles.