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.
About Global Data Consultants, LLC.
Global Data Consultants, LLC empowers businesses to increase employee productivity, maximize investments and improve operational efficiencies. With experienced and certified professionals, GDC delivers services in the areas of application development, data center, 24/7 multilingual service desk, managed IT services, desktop lifecycle management, project management, and business process consulting.