IDE - Project Management

Project Management

Involves planning, executing, monitoring, and closing projects to meet specific goals within constraints such as time, budget, and resources.

Project Management Methodologies

Includes Waterfall, Agile, Scrum, Hybrid.

Project Life Cycle

Consists of five main process groups: Initiating, Planning, Executing, Monitoring & Controlling, Closing.

Stakeholder Register

Documents stakeholder interests, influence, and communication needs.

Project Charter

Defines project objectives, scope, and key deliverables.

Agile Project Management

Emphasizes collaboration, adaptability, and iterative development.

Scrum Master

Facilitates team collaboration and removes obstacles in the Scrum Framework.

Net Present Value (NPV)

Discounted cash flow analysis to determine project profitability.

Work Breakdown Structure (WBS)

Hierarchical decomposition of project tasks.

Gantt Charts

Visual representation of project schedule.

Payback Period

Time required to recover the initial investment.

Critical Path Method (CPM)

Identifies the longest sequence of dependent activities.

Sprint

Iterative cycles (2-4 weeks) for delivering product increments in Scrum.

Daily Scrum

Short meeting to review progress in Agile.

Project Closure

Includes final documentation, stakeholder sign-off, and lessons learned.