Comprehensive Project Management Terms and Frameworks

What is the organization of a company's resources to move a specific task toward completion?

Project Management

What refers to the series of phases that a project passes through from start to completion?

Project Life Cycle

What phase identifies the objective or need of the project?

Initiation

What phase involves creating a detailed project plan?

Planning

What phase puts the plan into motion?

Execution

What phase tracks performance and manages changes?

Monitoring and Control

What phase includes documentation and release of deliverables?

Closure

What defines the boundaries of a project including what is included and excluded?

Project Scope

What document records project scope information in a clear, shareable format?

Project Scope Statement

What is the uncontrolled expansion of project scope without adjustments?

Scope Creep

What are specific, measurable, and time-bound goals of a project?

Project Objectives

What criteria mean Specific, Measurable, Achievable, Relevant, and Time-bound?

SMART Criteria

What is the formal document that officially authorizes a project's existence?

Project Charter

What breaks down a project into smaller manageable components?

Work Breakdown Structure (WBS)

What is the process of identifying, organizing, and allocating tools, expertise, and finances?

Resource Planning

What is the assignment and distribution of resources to specific project tasks?

Resource Allocation

What identifies tasks, responsible persons, and start and finish dates?

Project Schedule

What shows project start and end dates, duration, and milestones?

Project Timeline

What is the process of calculating expected costs of a project?

Cost Estimation

What is the approved financial plan outlining all estimated project costs?

Project Budget

What estimation method uses past project costs as basis?

Analogous Estimating

What estimation method uses formula-based cost rates?

Parametric Estimating

What estimation method sums the cost of all individual tasks?

Bottom-up Estimating

What estimation method uses best, worst, and most likely estimates?

Three-point Estimate

What estimation method relies on expert experience?

Expert Judgment

What estimation method adds contingency buffer?

Reserve Analysis

What estimation method uses probability-based cost forecasting?

Monte Carlo Simulation

What project methodology uses short cycles called sprints to adapt quickly to change?

Agile Methodology

What is the linear and sequential project management approach with rigid progression?

Waterfall Methodology

What Agile framework facilitates collaboration using sprints and defined roles?

Scrum

What is the prioritized list of all work needed for the product in Scrum?

Product Backlog

What contains tasks to be done in the current sprint?

Sprint Backlog

What is the finished work at the end of a sprint?

Increment

What is a short time period (1-4 weeks) where the team works on selected tasks?

Sprint

What meeting decides what tasks will be done in a sprint?

Sprint Planning

What is the short daily meeting to discuss progress?

Daily Scrum

What meeting shows finished work and gathers feedback?

Sprint Review

What meeting evaluates what went well and what to improve?

Sprint Retrospective

What digital tool provides a centralized platform for planning, tracking, and managing projects?

Project Management Software

What software uses boards, lists, and cards to organize tasks?

Trello

What software helps teams plan, track, and manage work with deadlines and collaboration features?

Asana

What is a full-scale project management solution for automating workflows and visualizing data?

Wrike

What comprehensive software is used for detailed project planning in large organizations?

Microsoft Project

What flexible project management software is suitable for teams of all sizes?

Monday.com

What tool visually displays tasks across time?

Gantt Chart

What breaks down project costs into detailed components?

Cost Breakdown Structure (CBS)

What breaks down resources into categories?

Resource Breakdown Structure

What document records identified project risks?

Risk Register

What tool tracks time spent on tasks?

Time Sheet

What chart defines roles and responsibilities in a project?

RACI Chart

What ensures everyone understands tasks and avoids misunderstandings?

Communication in Project Management

What are software platforms that allow teams to work together in real time?

Team Collaboration Tools

What collaboration tool is part of Microsoft 365?

Microsoft Teams

What communication platform is used for virtual meetings?

Zoom

What messaging platform is used for team communication?

Slack