Lecture Notes Flashcards

Flashcards generated from lecture notes.

Virtual Team

A group of people with a shared goal who work in different locations and who engage with each other primarily through phone and other electronic communications.

Vision Statement

A summarized, high-level description about the expectations for a product.

Visual Data and Information

Artifacts that organize and present data and information in a visual format, such as charts, graphs, matrices, and diagrams.

Voice of the Customer

A planning method used to provide products, services, and results that truly reflect customer requirements by translating those customer requirements into the appropriate technical requirements for each phase of project or product development.

Volatility

The possibility for rapid and unpredictable change.

Waste

Activities that consume resources and/or time without adding value.

WBS Dictionary

A document that provides detailed deliverable, activity, and scheduling information about each component in the work breakdown structure.

What-If-Scenario Analysis

The process of evaluating scenarios in order to predict their effect on project objectives.

Wideband Delphi

An estimating method in which subject matter experts go through multiple rounds of producing estimates individually, with a team discussion after each round, until a consensus is achieved.

Work Breakdown Structure (WBS)

A hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.

Work Package

The work defined at the lowest level of the work breakdown structure for which cost and duration are estimated and managed.