IT Project Management Part 2 - Vocabulary flashcards

Vocabulary flashcards covering key terms and concepts from the lecture notes on project management, governance, maturity, agile methods, and related frameworks.

Project

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

Program

A set of interrelated activities, usually involving a group of people who are working together toward a common goal over a period of time.

Portfolio

A collection of programs and projects managed to achieve an organization's strategic objectives.

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements; including planning, delegating, monitoring and control to achieve objectives within time, cost, quality, scope, benefits and risk.

Organizational Project Management

An organizational approach to align strategy, programs, and projects to realize strategic objectives.

PMBOK Guide (Sixth Edition)

Glossary of terms used in project management as defined in the PMBOK Guide – Sixth Edition (PMI, 2017).

PRINCE2 Glossary

Glossary based on Axelos’ PRINCE2 (latest edition 2017) used to define PRINCE2 terms.

Governance

Framework for oversight, decision rights, and risk management across portfolios, programs, and projects to ensure alignment with strategy.

Risk Management

Process of identifying, analyzing, and responding to project risks to minimize negative impacts on objectives.

Benefits Management

Process of identifying, planning, tracking, and realizing the benefits that a program or project is intended to deliver.

Value Management

Systematic approach to maximizing value by ensuring programs/projects deliver benefits relative to costs.

Resource Management

Planning, acquiring, and managing the human, physical, and financial resources needed for a project or program.

Stakeholder Management

Process of identifying stakeholders, analyzing their needs, and engaging them to influence project outcomes.

Integration Management

Coordinating all components of a project to ensure alignment and achievement of objectives.

Time Management

Planning and controlling the project schedule to meet deadlines.

Scope Management

Defining and controlling what is included in the project to prevent scope creep.

Cost Management

Planning and controlling project costs to complete within approved budget.

Quality Management

Ensuring deliverables meet required standards and stakeholder expectations.

Communications Management

Planning, executing, and monitoring how information is collected, shared, and documented among stakeholders.

Procurement Management

Acquiring goods and services from outside the performing organization to complete the project.

Financial Management

Managing project finances, budgeting, and cost performance to support objectives.

Knowledge Areas

PMBOK’s 10 knowledge areas: Integration, Scope, Schedule, Cost, Quality, Resource, Communications, Risk, Procurement, and Stakeholder.

Process Groups

Five process groups: Initiating, Planning, Executing, Monitoring and Controlling, and Closing.

Phase Gate

A milestone-based checkpoint at the end of a phase to authorize progression to the next phase.

Project Life Cycle

Phases such as Pre-Project Initiation, Starting the Project, Organizing and Preparing, Carrying Out the Work, and Ending the Project.

Agile Manifesto

A declaration valuing individuals and interactions over processes and tools, working software over documentation, customer collaboration over contract negotiation, and responding to change over following a plan.

Agile Values

The four values of the Agile Manifesto guiding how teams collaborate and work.

Agile Principles

The twelve guiding principles behind Agile development and delivery.

Development Approaches

Predictive, Iterative, Adaptive, and Hybrid approaches used to manage how requirements and delivery are handled.

Predictive

Plan-driven development where requirements are defined up-front and a final product is delivered at the end.

Iterative

Delivery occurs in iterations with feedback to progressively elaborate requirements.

Incremental

Delivery of the product in increments, each adding new functionality.

Hybrid

A combination of predictive and adaptive development approaches.

Scrum

An iterative, timeboxed framework for delivering product increments.

Kanban

A visual workflow method to improve flow and limit work in progress.

Lean

An approach focused on eliminating waste and maximizing value.

SAFe

Scaled Agile Framework for applying Agile practices at enterprise scale.

Disciplined Agile Delivery (DAD)

An enterprise-wide, risk-value delivery lifecycle framework that emphasizes people-first, learning-oriented delivery.

PRINCE2 Agile

Blends PRINCE2 principles/themes/processes with Agile focus areas and techniques, tailoring PRINCE2 by incorporating Agile ingredients.

Triple Constraint

Traditional project constraint focusing on scope, time (schedule), and cost, with quality and other factors often considered as well.

Project Manager

The person assigned by the performing organization to lead the team to achieve the project objectives, with authority to plan, execute, and control day-to-day activities.