Glossary of Project Management Terms

Our glossary of project management let you find the terms and definitions that are commonly used in business and project management. Use the form below to find a term.

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ABC - Activity Based Costing
see Activity Based Costing
Action Plan
A description of what needs to be done, when and by whom to achieve the results called for by one or more objectives. It contains task assignments, schedules, resource allocations and ...
Activity Based Costing
In activity-based costing, some overhead costs are difficult to assign to products or customers, for example the higher management people's salary. Activity Based ...
Advance Product Quality Planning
Advance Quality Planning
APQP(Advanced Product Quality Planning) is a process developed in the late 1980's by a commission of experts from the 'Big Three' US automobile manufacturers: Ford, GM and ...
APQP (Advance Product Quality Planning)
See Advance Product Quality Planning


Balanced Scorecard
A business performance measurement system developed by Robert S. Kaplan and David P. Norton, that provides a method of aligning business activities to the strategy, and monitoring performance of ...
Best Practice
Best Practice is a superior method or innovative practice that contributes to the improved performance of an organization, usually recognized as "best" by other peer organizations. It implies ...
Bid proposal
An answer to a request for proposal
Bill of Material
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