Project Management Definitions

Flashcards covering project management vocabulary from the lecture notes.

Servant Leadership

The practice of leading the team by focusing on addressing the needs and development of team members in order to enable the highest possible team performance.

Simulation

An analytical method that models the combined effect of uncertainties to evaluate their potential impact on objectives.

Single-Point Estimating

An estimating method that involves using data to calculate a single value which reflects a best guess estimate.

Specification

A precise statement of the needs to be satisfied and the essential characteristics that are required.

Sponsor

A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success.

Sprint

A short time interval within a project during which a usable and potentially releasable increment of the product is created.

Stakeholder

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.

Stakeholder Analysis

A method of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project.

Stakeholder Engagement Assessment Matrix

A matrix that compares current and desired stakeholder engagement levels.

Stakeholder Engagement Plan

A component of the project management plan that identifies the strategies and actions required to promote productive involvement of stakeholders in project or program decision making and execution.

Stakeholder Performance Domain

The performance domain that addresses activities and functions associated with stakeholders.

Stakeholder Register

A project document that includes information about project stakeholders including an assessment and classification of project stakeholders.

Standard

A document established by an authority, custom, or general consent as a model or example.

Statement of Work (SOW)

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

Status Meeting

A regularly scheduled meeting to exchange and analyze information about the current progress of the project and its performance.

Status Report

A report on the current status of the project.

Steering Committee

An advisory body of senior stakeholders who provide direction and support for the project team and make decisions outside the project team's authority.

Story Map

A visual model of all the features and functionality desired for a given product, created to give the team a holistic view of what they are building and why.

Story Point

A unit used to estimate the relative level of effort needed to implement a user story.