Project Management, Jit Goel, XCEL Corp Jit Goel

10 Project Management Terms You Should Know



It is hard for the team members to put effort into getting things done if the objective of the project is not clear. Before starting a project, it is best to organize a kick-off meeting where you can define the goal what you are trying to achieve.


Deliverables are the outcome of a product in its development phase. They are produced as a part of the project’s lifecycle. The project creates internal or external deliverables as a result of the execution.


Goals provide you with the focus required to design a roadmap to fulfill the objectives of the project. They should be Specific, Measurable, Achievable, Relevant and Time-bound (S.M.A.R.T).


Identify the resources required by a project like capital, people, tools, space, time, etc. If there isn’t any proper allocation of resources, the successful completion of the project will be a difficulty.


Be sure to pick the decision makers of your project with much care. Also, make sure every decision you make is transparent to all the team members. Having a limited number of persons with deciding authority will reduce the risk of falling entirely into analysis and helps in meeting the deadlines.


Analyze a situation from various angles or point of views to identify multiple solutions and choose the best one. Initiate healthy debates to explore new ideas and insights that can help in making a decision.


Time is considered as the most critical resource in every project. Your team must complete tasks on time to meet the project deadlines. If the project is not completed on time, it will eat up more resources to achieve the same result.


Before you start working on a project, prioritize your tasks to understand the things that need to be focused more. Review the priorities regularly to keep track of how the team is working on getting prioritized tasks completed on time.


Accountability should not be confused with responsibility, teams can share their workload between them, but the individuals in a project team are responsible for getting their tasks completed.

Critical Path

The term refers to the longest path to the successful achievement of the result based on the execution of numerous processes. If an activity in the critical path is delayed by a couple of days, it also delays the project completion.

Author: Jit Goel ( President/CEO ) / Jack ( Content Writer )

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