Top 25 Project Management Acronyms
Decoding the World of ITSM Related Terms
Carley Kimball, Media Specialist
1 Min Read
For those just jumping into the field, it can be a little overwhelming trying to navigate conversations filled with series of letters with unknown meanings. That’s why we decided to compile thousands of acronyms under the IT umbrella. We plan to break these down further for you, focusing on different topics so that you can easily reference what you’re looking for.
In this article, we will highlight the Top 25 Acronyms for Project Management, a vital role that utilizes specific knowledge, skills, tools and techniques to ensure the highest quality of product or service delivery to clients.

Here are the Top 25 Acronyms you may run into for Project Management:

AC: Actual Cost

BAC: Budget At Completion

CCB: Change Control Board

CR: Change Request

CV: Cost Variance

EAC: Estimate At Completion

EV: Earned Value

EVM: Earned Value Management

FFP: Firm Fixed Price

KPI: Key Performance Indicator

LL: Lessons Learned

PDCA: Plan Do Check Act

PMBOK: Project Management Body of Knowledge

PMI: Project Management Institute

PMO: Project Management Office

PV: Planned Value

QA: Quality Assurance

RACI: Responsible, Accountable, Consult, Inform

RFP: Request for Proposal

RFQ: Request for Quotation

SLA: Service Level Agreement

SV: Schedule Variance

SOW: Statement of Work

VOC: Voice of the Customer

WBS: Work Breakdown Structure
To decode more IT-related acronyms and terms, check out our IT Acronyms and Abbreviations Resource or try searching TechTerms.com.
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