Actual Cost (AC) Actual Cost (AC) is a project management number that shows how much the work on a project has actually cost up to a certain point in time. The AC is a key part of the earned value management (EVM) method, which is a way to measure the success of a project based on how…
Affinity Diagram An Affinity Diagram is a way to organize and group large amounts of unstructured, different, and sometimes conflicting data into meaningful clusters or categories. It is also called the KJ method, after the man who came up with it, Jiro Kawakita. The following steps make up the process of making an affinity diagram: Gather Data:…
Affinity Grouping Affinity grouping is a method for coming up with and organizing ideas that is used in thinking, problem-solving, and project management. It involves putting together ideas, themes, or issues that are similar or related to find patterns and relationships. Usually, the following steps make up the affinity grouping process: Come up with a list of…
Agile Agile project management is a way to run projects that focuses on being flexible, adaptable, and working together. It is a method that is often used when making software, but it can also be used for other kinds of projects. For agile project management, the project is broken up into smaller, easier-to-manage pieces called iterations or…
Aternative Analysis Alternatives analysis is a way to decide between different ways to reach project goals and objectives. It is used in project management. The process involves coming up with and evaluating different ways to do things to find the best and most efficient way to do the project. Usually, the following steps make up the process…
Analogous Estimating Analogous estimating is a method used in project management to figure out how much a new project will cost, how long it will take, or what resources it will need by looking at similar projects from the past. It is a top-down method in which an estimate is made based on the knowledge and experience…
Assumption and Constraint Analysis Assumption and constraint analysis is a way to find and evaluate the assumptions and constraints that could affect a project or business initiative. This analysis is often done at the start of a project or effort to help find possible risks and make sure that everyone on the project team has a good…
Authority In project management, “authority” is the power or right that a project manager has to make choices, decide how to use resources, and tell team members what to do. Authority is a key part of project management because it lets the project manager make sure the project is finished on time, on budget, and to the…
