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CPM
Stands for Critical Path Method; a step-by-step project management technique for process planning that defines critical and non-critical tasks.
Project Organization
A structured setup designed specifically for managing projects, involving roles, responsibilities, and frameworks that direct how a project is executed and controlled.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values, indicating how spread out the data points are from the mean.
Cost/Time Trade-Off
A project management concept that emphasizes the relationship between the cost of completing a project and the time it takes to complete it, indicating that decreasing the completion time often results in increased costs.
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