Ever notice what a minefield of project management acronyms we are expected to negotiate our way through on a daily basis?
Take a conversation I recently overheard in a project management workshop:
“Yes I had to decide whether to do PRINCE2®or PMP® or even CAPM®! I know PMI® publishes the PMBOK® guide, and APMG is involved in accreditations. Oh, and did you know OGC have changed their name? Then I realised I need to consider that PMI requires PDUs and that I need to understand EVM and EMV.
I’m not sure if my next step should be MSP® or P3O® or even MoP®. And on that matter, do you know I’ve heard PPM been used in 2 different ways! Where’s the consistency in all this? Our PMO is also looking into P3M3® or even OPM3®…
By the way are you here just for foundation or practitioner as well?”
Am I dreaming; imaging this? Is this a nightmare? Is your brain hurting as well as mine by this verbosity of letters?
Is the sender trying to:
- (a) enlighten
- (b) empower
- (c) bedazzle
- (d) bamboozle
the poor receiver by this entanglement of characters?
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 of project management acronyms:
|APMG||APM Group – Examination institute which accredits training and consulting organizations, and manages certification schemes for products like PRINCE2, MSP, P3O, MoP etc|
|CAPM||Certified Associate in Project Management is an entry-level certification for project practitioners from the PMI|
|EMV||Expected Monetary Value is a statistical technique that calculates the average outcome when the future includes scenarios that may or may not happen (referenced in the PMBOK guide)|
|EVM||Earned Value Management is a project management technique for measuring project performance and progress|
|MoP||Management of Portfolios approaches the management of change projects and programmes from a strategic viewpoint|
|MSP||Managing Successful Programmes represents proven programme management good practice in successfully delivering transformational change across a wide range of public and private sector organisations|
|OGC||Office of Government Commerce is the former owner of ‘Best Management Practice’ including PRINCE2, MSP etc. Now known as the Cabinet Office|
|OPM3||PMI’s Organizational Project Management Maturity Model – a globally recognized best-practice standard for assessing and developing capabilities in Portfolio Management, Program Management, and Project Management|
|PDUs||Professional development units – PMP credential holders are required to participate in professional development activities to maintain the credential.|
|PMP||Project Management Professional is industry-recognized certification for project managers from the PMI. Globally recognized and demanded, the PMP demonstrates that you have the experience, education and competency to lead and direct projects.|
|PPM||(1) Abbreviation for project and programme management (2) Abbreviation for portfolio project 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|
|P3M3||Portfolio, Programme and Project Management Maturity Model that provides a framework with which organisations can assess their current performance and put in place improvement plans.|
|P3O||Portfolio, Programme and Project Offices provides guidance on how to define, establish and operate a 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