Activity List In project management, an activity list is a detailed record that lists all the specific tasks, actions, and work items that need to be done to finish a project. It gives a thorough breakdown of the project’s goals and work needs and acts as a starting point for making the project schedule and other project…
Assumption Log A record that keeps track of the assumptions made during a job is called an assumption log. Assumptions are things that are thought to be true but haven’t been checked. They can have a big effect on how a job turns out. The goal of an assumption log is to keep track of these assumptions,…
Basis of Estimates The basis of estimates is a document that outlines the key assumptions and factors used to develop a cost estimate for a project. The document serves as a reference point for stakeholders and project team members to understand the underlying rationale and sources of data used to develop the cost estimate. A basis of…
Change Log In project management, a change log is a document that keeps track of and records changes to the project’s scope, plan, budget, and other parts. The change log is usually updated as changes are made to the project. This gives a record of all the changes made and how they affected the project. Most of…
Cost Estimates Cost estimates are an important part of project management. They involve figuring out how much money will be needed to finish a project. The cost estimate is the process of figuring out how much it will cost to finish a project in terms of resources, labour, supplies, and other project-related costs. Here are some important…
SCost Forecasts Cost forecasts are estimates of future costs based on how the project is going now and what changes are expected. Cost predictions are made at the beginning of a project and adjusted as more information becomes available. Cost forecasts, on the other hand, are updated regularly throughout the project to represent changes in scope, scheduling,…
Issue Log A record called an “Issue Log” is used in project management to keep track of and deal with issues or problems that come up during the lifecycle of a project. It gives an organized way to identify, record, and keep track of problems, making sure they are found, fixed, and finished properly. Usually, the following…
Project Schedule A project schedule is a timeline that shows when all the project activities and deliverables are supposed to start and stop. It gives a clear order of tasks and goals to be reached and acts as a road map for the project. The project schedule helps manage resources, keep track of work, and make sure…
