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The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management.The body of knowledge evolves over time and is presented in A Guide to the Project Management Body of Knowledge (PMBOK Guide), a book whose seventh edition was released in 2021.
A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Seventh Edition (2021). Recognized by the American National Standards Institute (ANSI) as American National Standard ANSI/PMI 99-001-2021. [27] The Standard for Program Management—Fourth Edition (2017). Recognized by ANSI as American National Standard ANSI/PMI 08-002-2017. [28]
According to the Project Management Body of Knowledge (7th edition) by the Project Management Institute (PMI), Cumulative Flow Diagram (CFD) is a "chart indicating features completed over time, features in other states of development, and those in the backlog."
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Earned Value (EV) is defined as the "measure of work performed expressed in terms of the budget authorized for that work." [3] BCWP is a term in Earned value management approach to Project management.
In a project network, a dependency is a link among a project's terminal elements. [citation needed]The A Guide to the Project Management Body of Knowledge (PMBOK Guide) does not define the term dependency, but refers for this term to a logical relationship, which in turn is defined as dependency between two activities, or between an activity and a milestone.
According to the PMBOK (7th edition) by the Project Management Institute (PMI), daily standup is a "brief, daily collaboration meeting in which the team review progress from the previous day, declares intentions for the current day, and highlights any obstacles encountered or anticipated."
Credit - Illustration by Natalie Nelson for TIME; Source Image: Chris Ware—Keystone Features/Hulton Archive/Getty Images. T he best nonfiction books of the year tackle undeniably difficult ...
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".
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