BADM GIGANOTE

Project

A temporary endeavor undertaken to create a unique product, service, or result.

Stakeholders

An individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity or outcome of a project, program or portfolio.

Project management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Process

A series of actions designed to bring about a consistent and similar result or service.

Soft skills

Active listening, interpersonal skills, conflict management, and leadership skills such as establishing the vision and critical thinking.

Hard skills

Teachable abilities or skill sets that are easy to quantify, often learned in classrooms or on the job.

Functional manager

Functional managers organize the work of similar individuals and hand off their deliverables to another group.

Project life cycle

The series of phases that a project passes through from its start to its completion.

Project management process group

Phases to structure projects and lead them from beginning to end: initiating, planning, executing, monitoring and control, and closing.

Initiating

Processes performed to define a new project or a new phase of an existing project by obtaining authorization to start.

Planning

Processes required to establish the scope of the project, refine objectives, and define the course of action required to attain those objectives.

Executing

Processes performed to complete the work defined in the project management plan to satisfy project requirements.

Monitoring and controlling

Processes required to track, review, and regulate the progress and performance of the project.

Closing

Processes performed to formally complete or close the project, phase, or contract.

Integration management

Processes and activities needed to identify, define, combine, unify, and coordinate activities within the Project Management Process Groups.

Scope management

Processes required to ensure that the project includes all the work required, and only the work required, to complete successfully.

Schedule management

Processes required to manage the timely completion of the project.

Cost management

Processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs.

Quality management

Processes for incorporating the organization's quality policy regarding planning, managing, and controlling project quality requirements.

Resource management

Processes to identify, acquire, and manage resources needed for successful project completion.

Communications management

Processes required to ensure timely and appropriate planning, collection, creation, distribution, storage, retrieval, management, control, monitoring, and disposition of project information.

Risk management

Processes of risk management planning, identification, analysis, response planning, implementation, and monitoring risk.

Procurement management

Processes necessary to purchase or acquire products, services, or results needed from outside the project team.

Stakeholder management

Processes required to identify people, groups, or organizations that could impact the project and develop management strategies for engaging stakeholders.

Project Processes

Forty-nine individual project work processes that are each in a process group and a knowledge area.

Deliverable

Any unique and verifiable product, result, or capability produced to complete a process, phase, or project.

Scope

The sum of the products, services, and results to be provided as a project.

Quality

The degree to which a set of inherent characteristics fulfills requirements.

Product scope

Features and functions that characterize a product, service, or result.

Project scope

The work performed to deliver a product, service, or result with specified features and functions.

Sponsor

An individual or group that provides resources and support for the project and is accountable for enabling success.

Steering / leadership team

A team or committee that decides on the priorities or order of business of an organization.

PMO (project management office)

A management structure that standardizes project-related governance processes.

Project manager

The person assigned to lead the team responsible for achieving project objectives.

Project team

Members of a project team responsible for achieving project objectives.

Agile

An iterative approach to delivering a project throughout its life cycle.

Agile lifecycle

Composed of several iterations or incremental steps towards project completion.

Iterative process

Incremental steps towards the completion of a project.

Emergent design

Design that evolves as functionality is developed rather than through an upfront process.

Product owner

Role on a product development team responsible for managing the product backlog.

Scrum master

Facilitator of the work performed in Agile project management.

WBS (work breakdown structure)

A hierarchical decomposition of the total scope of work to accomplish project objectives.

Vision

A long-term objective depicting what a company will look like in the future.

Mission statement

Description of what a company does and why it exists.

Strategic objectives

High-level goals outlining what you want to achieve with deadlines.

S M A R T

Specific, measurable, achievable, results based, and time-specific objectives.

Portfolio management

Centralized management of one or more portfolios to achieve strategic objectives.

Portfolio

Projects and programs managed as a group to achieve strategic objectives.

Program

Related projects managed in a coordinated manner for combined benefits.

Program management

Application of knowledge and skills to achieve program objectives.

Subproject

A significant point or event subordinate to the project.

Statement of work

A narrative description of products, services, or results to be delivered by the project.

Business case

Economic feasibility study used to validate benefits of a project.

Cost benefit analysis

Tool to determine project benefits against its costs.

Source selection criteria

Attributes desired by the purchaser for the seller to meet or exceed.

Product roadmaps

Plans of action for how a product will evolve over time.

Release

Final delivery of a software package after multiple iterations.

Portfolio vision

Future state of a portfolio’s value streams and solutions.

Solutions

Products or services designed to meet specific agile methods.

Products

Artifact that is quantifiable, can be a standalone item or component.

User stories

Descriptions of requirements from the user's perspective, including who, how, and why.

Product backlog

Ordered list of user-centric requirements maintained for a product.

Epic

Large user stories that are difficult to estimate or complete in one iteration.

Eat your dessert first

Early value delivery approach.

Minimum viable product (mvp)

Early product version with enough features for initial users.

Customer driven-value

Establishing expectations based on customer needs.

Refine requirements

Iterative process of requirements definition evolving from the MVP feedback.

Customer prioritization

Giving priority to customer-defined needs.

Risk-adjusted backlog

Backlog containing risk response tasks for actionable risks.

Prioritized backlog

Organized product backlog items to determine development sequence.

Project charter

A document that formally authorizes the existence of a project.

Milestone schedule

Schedule presenting milestones with planned dates.

Acceptance criteria

Conditions required for software to satisfy customer.

Risk

An uncertain event that could impact project objectives.

Assumptions

Factors in the planning process considered true without proof.

Constraint

Factors that limit the options for managing a project.

Resources

People, parts, and equipment needed to complete a project.

Lessons learned

Knowledge gained from project events showing how to improve future performance.

Scope creep

Uncontrolled expansion of project scope without adjustments.

Uncertainties

Involves unpredictability and ambiguity.

Assumptions log

Collection of factors considered true in the planning process.

Share knowledge

Agreement to inform others about important project information.

Product vision

Describes the product’s purpose and intended use.

Time boxes

Fixed periods of time to complete tasks.

Defer decisions

Practice of delaying decisions to allow time for better preparation.

Sustainable pace

Agile work speed that prevents burnout.

Commit to work

Team members commit to the prioritized work at the start of the sprint.

Commitment

Team agreement to complete work in a specified period.

Definition of done

Checklist of criteria required for deliverable readiness.

Sprint (iteration)

Fixed period for delivering team commitments.

Functional organization

Structure where staff is grouped by specialization with limited project focus.

Projected organization

Structure where the project manager has full authority.

Co-location

Placing multiple resources in a single location.

Matrix organization

Structure where project manager shares authority with functional manager.

Milestone

Significant point or event in a project.

Agile

Describes a mindset of values and principles in project management.

Duration

Measure of time for tasks or projects.

Experimentation

Procedure to support or refute a hypothesis.

Empiricism

Knowledge derived from experience.

Small releases

Delivering small working increments promptly.