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Project Management Terms

Planning, scheduling, risk and agile vocabulary used in project work.

94 cardsCollege, Adult#project-management#agile#business

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  • ProjectTerm
    A temporary effort to create a unique product, service or result
  • Project managerTerm
    Person responsible for leading a project to its goals
  • StakeholderTerm
    Anyone affected by or interested in the project
  • SponsorTerm
    The person who funds and champions a project
  • ScopeTerm
    The work that must be done to deliver the project
  • Scope creepTerm
    Uncontrolled growth of scope
  • DeliverableTerm
    A tangible output the project produces
  • MilestoneTerm
    A significant point or event in a project
  • Work breakdown structureTerm
    Hierarchical division of the work into smaller parts
  • TaskTerm
    A single piece of work
  • DependencyTerm
    A relationship where one task relies on another
  • Finish-to-startTerm
    A task cannot start until its predecessor finishes
  • Critical pathTerm
    The longest sequence of tasks, determining the shortest project time
  • Float (slack)Term
    Time a task can slip without delaying the project
  • Gantt chartTerm
    Bar chart showing tasks over time
  • PERTTerm
    Technique estimating time with optimistic, likely and pessimistic values
  • BaselineTerm
    The approved plan against which progress is compared
  • ScheduleTerm
    Plan of when work will happen
  • BudgetTerm
    Approved cost plan
  • Cost varianceTerm
    Earned value minus actual cost
  • Earned valueTerm
    A measure of work completed in terms of budget
  • Schedule performance indexTerm
    Earned value divided by planned value
  • Cost performance indexTerm
    Earned value divided by actual cost
  • Triple constraintTerm
    Scope, time and cost, balanced against quality
  • Quality assuranceTerm
    Preventing defects through good processes
  • Quality controlTerm
    Inspecting results to find defects
  • RiskTerm
    An uncertain event that could affect objectives
  • Risk registerTerm
    A log of identified risks and responses
  • Risk mitigationTerm
    Reducing the chance or impact of a risk
  • Risk avoidanceTerm
    Changing plans to eliminate a risk
  • Risk transferTerm
    Shifting a risk to a third party, like insurance
  • Risk acceptanceTerm
    Choosing to tolerate a risk
  • Contingency planTerm
    Backup response if a risk occurs
  • IssueTerm
    A problem that has already happened
  • AssumptionTerm
    Something believed true for planning purposes
  • ConstraintTerm
    A limitation on the project
  • CharterTerm
    A document formally authorizing a project
  • Kickoff meetingTerm
    The meeting that launches a project
  • Status reportTerm
    A summary of progress
  • Change requestTerm
    A formal proposal to alter the project
  • Change controlTerm
    Process for reviewing and approving changes
  • RequirementsTerm
    Needs the project must satisfy
  • Acceptance criteriaTerm
    Conditions a deliverable must meet to be accepted
  • Stakeholder registerTerm
    List of stakeholders and their interests
  • RACI matrixTerm
    Chart assigning Responsible, Accountable, Consulted, Informed
  • Communication planTerm
    Plan for who gets what information and when
  • Resource levelingTerm
    Adjusting the schedule to avoid overusing people
  • Fast trackingTerm
    Doing tasks in parallel to shorten time
  • CrashingTerm
    Adding resources to shorten the schedule
  • WaterfallTerm
    Sequential approach where each phase finishes before the next
  • AgileTerm
    Iterative approach delivering working increments
  • ScrumTerm
    Agile framework using short sprints
  • SprintTerm
    A fixed short period of work in Scrum
  • Product ownerTerm
    Scrum role that prioritizes the work
  • Scrum masterTerm
    Scrum role that helps the team follow the process
  • Development teamTerm
    People who build the product increment
  • Product backlogTerm
    Prioritized list of everything wanted in the product
  • Sprint backlogTerm
    Items chosen for the current sprint
  • User storyTerm
    A short description of a need from a user's view
  • Story pointsTerm
    Relative units estimating effort
  • Daily stand-upTerm
    A brief daily team meeting
  • Sprint reviewTerm
    Meeting to show completed work
  • RetrospectiveTerm
    Meeting to reflect on how to improve
  • VelocityTerm
    Amount of work a team completes per sprint
  • Burndown chartTerm
    Graph of remaining work over time
  • KanbanTerm
    Method visualizing work on a board with limits on work in progress
  • Work in progress limitTerm
    A cap on tasks being worked on at once
  • Definition of doneTerm
    Shared checklist for when work is complete
  • Minimum viable productTerm
    Simplest version that delivers value and tests assumptions
  • IterationTerm
    One cycle of repeated work
  • LeanTerm
    Maximizing value and minimizing waste
  • TimeboxTerm
    A fixed time limit for an activity
  • PrototypeTerm
    An early sample used to test ideas
  • Lessons learnedTerm
    Insights recorded for future projects
  • Project closureTerm
    Formally ending a project
  • HandoffTerm
    Transferring deliverables to the owner
  • ProcurementTerm
    Acquiring goods or services from outside
  • VendorTerm
    An outside seller of goods or services
  • Statement of workTerm
    Description of work a vendor will do
  • Service level agreementTerm
    Contract defining expected service performance
  • ProgramTerm
    A group of related projects managed together
  • PortfolioTerm
    A collection of projects and programs aligned to strategy
  • PMOTerm
    Project management office
  • PMBOKTerm
    A guide of project management knowledge published by PMI
  • Project lifecycleTerm
    Phases from start to finish
  • Feasibility studyTerm
    Analysis of whether a project is practical
  • Cost-benefit analysisTerm
    Comparing expected costs to expected benefits
  • Return on investmentTerm
    Benefit gained relative to cost
  • BottleneckTerm
    A step that limits the speed of a process
  • EscalationTerm
    Raising an issue to a higher authority
  • Critical chainTerm
    Method focusing on resource constraints and buffers
  • BufferTerm
    Extra time or money reserved for uncertainty
  • Gold platingTerm
    Adding unrequested extras beyond requirements
  • Fishbone diagramTerm
    Cause-and-effect diagram to find root causes

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