Project Schedule Network Diagram A schedule network diagram is a picture of a project plan that uses nodes (or boxes) and lines to show the order of jobs and how they depend on each other. It is also called a project network diagram, an activity network diagram, or just a network diagram. In a schedule network map,…
Tacit Knowedge In project management, “tacit knowledge” is the knowledge and skills that are hard to write down or pass on to others through traditional means like written documents or training. It is often based on personal experience, gut feelings, and knowledge that has been gained over time. In project management, tacit knowledge is very important because…
Team Chareter A team charter is a document that says what a team is for, what its goals are, and what its roles are. It’s a written agreement that spells out the team’s mission, values, and expectations. It helps the team know where to go and what to do. Here are some of the most important parts…
Time and Materials Contract (T&M) A Time and Materials (T&M) contract is a type of contract used in project management and procurement. In this type of contract, the customer pays the contractor for the actual hours worked as well as the cost of the materials used in the project. Under a time-and-materials (T&M) contract, the contractor is…
Throughput Chart A throughput chart, which is also called a production chart or flow chart, is a picture of how much work or output can be done in a certain amount of time. It is a visual tool used to figure out how well a process or system works and make it work better. The following parts…
Steering Committee In project management, a steering committee is a group of people with a stake in the project who work together to oversee, guide, and help it. Most of the time, the steering committee is made up of senior leaders or executives from the organisation or outside stakeholders who care about the project’s success. The steering…
Story Map A story map is a tool used in project management to show a product or project backlog in a structured way. It makes it easier to see the requirements and features that need to be built and to put them in order of how important they are to the end user. There are two main…
Strategic Plan In project management, a strategic plan is a high-level document that lays out the project’s goals, objectives, and priorities, as well as the steps that need to be taken to reach them. A strategic plan is like a road map for the project. It helps make sure that the resources and activities are in line…
