Glossary

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

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…