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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:
www.pm-partners.com.au   © PM-Partners group. All rights reserved
www.pm-partners.com.au   © PM-Partners group. All 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
Australia’s most highly accredited
                    Project and PMO partner.


                                           Advisory




                                                      Capability
                    Delivery




www.pm-partners.com.au
© PM-Partners group. All rights reserved

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Project Management Acronym Minefield

  • 1.
  • 2. Navigating the Project Management Acronym Minefield www.pm-partners.com.au © PM-Partners group. All rights reserved
  • 3. Ever notice what a minefield of acronyms we are expected to negotiate our way through on a daily basis?
  • 4. Take conversations I have overheard in project management workshops… www.pm-partners.com.au © PM-Partners group. All rights reserved
  • 5. 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
  • 6. Am I dreaming? Did I hear this? Is this a nightmare? www.pm-partners.com.au © PM-Partners group. All rights reserved
  • 7. Is your brain hurting as much as mine, by this verbosity of letters? www.pm-partners.com.au © PM-Partners group. All rights reserved
  • 8. IS THE SENDER TRYING TO:
  • 9. www.pm-partners.com.au © PM-Partners group. All rights reserved
  • 10. www.pm-partners.com.au © PM-Partners group. All rights reserved
  • 11. the poor receiver by this www.pm-partners.com.au entanglement of characters? © PM-Partners group. All rights reserved
  • 12. 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
  • 13. 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
  • 14. 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
  • 15. 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
  • 16. Australia’s most highly accredited Project and PMO partner. Advisory Capability Delivery www.pm-partners.com.au © PM-Partners group. All rights reserved