Navigating the Project Management Acronym
Minefield www.pm-partners.com.au © PM-Partners group. All rights reserved

Ever notice what a minefield
of acronyms we are expected to negotiate our way through on a daily basis?

Take conversations I have overheard
in project management workshops… www.pm-partners.com.au © PM-Partners group. All rights reserved

I had to decide whether
to do PRINCE2® or PMP® or even Oh, and did you know CAPM®! I know PMI® publishes OGC have the PMBOK® guide, and APMG is changed their name? involved in accreditations. I’m not sure if my next step should Then I realised I need to be MSP® or P3O® or even consider that PMI requires PDUs MoP®. And on that matter, do you and that I need to understand EVM know I've heard PPM been used in and EMV. 2 different ways! Where’s the consistency By the way are you here just in all this? Our PMO is also looking for foundation or practitioner into P3M3® or even OPM3®… as well? www.pm-partners.com.au © PM-Partners group. All rights reserved

Am I dreaming? Did I
hear this? Is this a nightmare? www.pm-partners.com.au © PM-Partners group. All rights reserved

Is your brain hurting as
much as mine, by this verbosity of letters? www.pm-partners.com.au © PM-Partners group. All rights reserved

IS THE SENDER TRYING TO:

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rights reserved

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rights reserved

the poor receiver by this
www.pm-partners.com.au entanglement of characters? © PM-Partners group. All rights reserved

In the interests of not
wanting to leave you in acronym wilderness here’s a little cheat sheet to wind your way through the convoluted maze: www.pm-partners.com.au © PM-Partners group. All rights reserved

ACRONYM CHEAT SHEET APM Group
- Examination institute which accredits training and consulting organizations, and manages APMG certification schemes for products like PRINCE2, MSP, P3O, MoP etc Certified Associate in Project Management is an entry-level certification for project practitioners from the CAPM PMI Expected Monetary Value is a statistical technique that calculates the average outcome when the future EMV includes scenarios that may or may not happen (referenced in the PMBOK guide) Earned Value Management is a project management technique for measuring project performance and EVM progress Management of Portfolios approaches the management of change projects and programmes from a MoP strategic viewpoint Managing Successful Programmes represents proven programme management good practice in MSP successfully delivering transformational change across a wide range of public and private sector organisations Office of Government Commerce is the former owner of ‘Best Management Practice’ including PRINCE2, OGC MSP etc. Now known as the Cabinet Office PMI's Organizational Project Management Maturity Model – a globally recognized best-practice standard OPM3 for assessing and developing capabilities in Portfolio Management, Program Management, and Project Management PRINCE2® , P3O®, MSP®, MoP®, P3M3® are Registered Trade Marks of the Cabinet Office Managing Benefits™ is a trade mark of the APM Group Limited www.pm-partners.com.au © PM-Partners group. All rights reserved

ACRONYM CHEAT SHEET Professional development
units – PMP credential holders are required to participate in professional PDUs development activities to maintain the credential. Project Management Professional is industry-recognized certification for project managers from the PMI. PMP Globally recognized and demanded, the PMP demonstrates that you have the experience, education and competency to lead and direct projects. (1) Abbreviation for project and programme management (2) Abbreviation for portfolio project PPM management PMI Project Management Institute PMO Abbreviation commonly used for Project/Programme Management Office PMBOK Project Management Body of Knowledge PRINCE2 A project management method. The acronym stands for Projects IN Controlled Environments Portfolio, Programme and Project Management Maturity Model that provides a framework with which P3M3 organisations can assess their current performance and put in place improvement plans. Portfolio, Programme and Project Offices provides guidance on how to define, establish and operate a P3O portfolio, programme or project office. PRINCE2® , P3O®, MSP®, MoP®, P3M3® are Registered Trade Marks of the Cabinet Office Managing Benefits™ is a trade mark of the APM Group Limited www.pm-partners.com.au © PM-Partners group. All rights reserved

Still in the convoluted maze?
Call us and we can guide you through. 1300 70 13 14 www.pm-partners.com.au © PM-Partners group. All rights reserved

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