Top 25 Project Management Acronyms 

Decoding the World of ITSM Related Terms

Carley Kimball, Media Specialist

1 Min Read

In the world of IT (Information Technology), there seems to be an acronym for everything.

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.

Businessman pointing to an overlay with the letters I T for ITSM Acronyms

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

Blue Bullet Tip Number 1

AC: Actual Cost

Blue Bullet Tip Number 2

BAC: Budget At Completion

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CCB: Change Control Board

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CR: Change Request

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CV: Cost Variance

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EAC: Estimate At Completion

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EV: Earned Value

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EVM: Earned Value Management

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FFP: Firm Fixed Price

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KPI: Key Performance Indicator

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LL: Lessons Learned

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PDCA: Plan Do Check Act

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PMBOK: Project Management Body of Knowledge

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PMI: Project Management Institute

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PMO: Project Management Office

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PV: Planned Value

Blue Bullet Tip Number 17

QA: Quality Assurance

Blue Bullet Tip Number 18

RACI: Responsible, Accountable, Consult, Inform

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RFP: Request for Proposal

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RFQ: Request for Quotation

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SLA: Service Level Agreement

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SV: Schedule Variance

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SOW: Statement of Work

Blue Bullet Tip Number 24

VOC: Voice of the Customer

Blue Bullet Tip Number 25

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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