Eight Useful Project Management Acronyms




1. BHAG
Big Hairy-Assed Goal

2. SWAG    
Sophisticated Wild Ass Guess
  
3. ADDIE
A very popular project management methodology:

Analysis, Design, Development, Implementation, Evaluation

4. BEER
Behavior, Effect, Expectation, Results

It helps you assess performance of anything, particularly a new initiative.  

5. BENDWIMP
Beliefs, Evidence, Needs, Desires, Wounds, Interests, Mentors, Proud of

A model, typically used as a table or template or matrix for identifying motivations and issues of stakeholders within a project plan.  

6. BOSCARDET
Background, Objectives, Scope, Constraints, Assumptions, Reporting, Dependencies, Estimates, Timescales

Very useful acronym for inception of projects, committees, investigations (inquiries), studies, reports, etc, where purpose, parameters and ground-rules etc., have to be established.  

7. SOSTAC PLANNING MODEL
The SOSTAC acronym stands for:
Situation analysis - where are we now? 
Objectives - where do we want to go? 
Strategy - how we are going to get there. 
Tactics - the details of strategy. 
Action - putting the plan to work. 
Control - measurement, monitoring, reviewing, updating and modifying.

Now add in the 3M's - the three key resources, Men, Money and Minutes. 

Men - men and women, expertise and abilities to do different jobs. 
Money - budgets - have we the money? 
Minutes - time - what are the time scales, schedules or deadlines? Is there enough time? 
(Source: PR Smith, ‘Great Answers to Tough Marketing Questions’)

8. Plan-Do-Check-Act (PDCA) 
- Implementing new ideas in a controlled way Also known as the PDCA Cycle, or Deming Cycle 
- Plan: Identifying and analyzing the problem. 
Do: Developing and testing a potential solution. 
Check: Measuring how effective the test solution was, and analyzing whether it could be improved in any way. 
Act: Implementing the improved solution fully.

 

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In: Acronyms