Project Management Glossary
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Definitive estimate: a cost estimate that provides an accurate estimate of project costs

Early finish date: the earliest possible time an activity can finish based on the project network logic

Early start date: the earliest possible time an activity can start based on the project network logic

Earned value (EV): the percentage of work actually completed multiplied by the planned cost, formerly called the budgeted cost of work performed (BCWP)

Earned value management (EVM): a project performance measurement technique that integrates scope, time, and cost data

Empathic listening: listening with the intent to understand

Estimate at completion (EAC): an estimate of what it will cost to complete the project based on performance to date

Executing processes: coordinating people and other resources to carry out the project plans and produce the products or deliverables of the project

Expected monetary value (EMV): the product of the risk event probability and the risk event’s monetary value

Expert power: using one’s personal knowledge and expertise to get people to change their behavior

External dependencies: sequencing of project activities or tasks that involve relationships between project and non-project activities

External failure cost: a cost related to all errors not detected and corrected before delivery to the customer

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