Glossary

A collection of blog articles about common terms and topics in project management.

Project Risk Management: A How To Guide (with tips)
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Project Risk Management: A How To Guide (with tips)

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business. However, project risk…

Project Resource Management: The Ultimate Guide on How to Master It
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Project Resource Management: The Ultimate Guide on How to Master It

Resources are the largest contributor to successful project delivery, and project managers spend significant time planning and managing their activities. Both resource and project managers work in tandem to develop resourcing strategies for projects. The project manager estimates the resource requirement and creates open positions that get fulfilled by the resource manager. Once deployed, the…

Rough Order of Magnitude (ROM) Estimate and How to Calculate It (with example)
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Rough Order of Magnitude (ROM) Estimate and How to Calculate It (with example)

What is a ROM estimate used for? A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their…