Overview of Project Management

This array of flashcards covers key concepts in project management as discussed in the lecture notes.

Project Management (PM)

The discipline of planning, executing, and finalizing projects according to specific goals and success criteria.

Project Life Cycle

The series of phases that a project goes through from initiation to closure.

Unique Product

A distinct outcome or deliverable created through a project that has not been produced before.

Agile Project Management (Agile PM)

A methodology focusing on iterative development, collaboration, and the ability to adapt to changing requirements.

Program Management

The process of managing a group of related projects in a coordinated way to achieve strategic objectives.

Sociocultural Dimension

The aspect of project management that involves teamwork, leadership, and navigating organizational cultures.

Technical Dimension

The formal, logical parts of project management that include planning, scheduling, and controlling projects.

Iteration

A repeated cycle in project management aimed at gradual improvement and progress.

Status Reports

Documents providing updates on the progress of a project at any given point in time.

Risk Management

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Stakeholders

Individuals or groups who have an interest or investment in the outcome of a project.

Rolling Wave Development

An Agile methodology approach that plans for the immediate future while remaining flexible for future changes.

Work Breakdown Structure (WBS)

A hierarchical decomposition of a project into smaller, more manageable components.

Triple Bottom Line

A framework that incorporates three dimensions of performance: social, environmental, and economic.

Compression of Product Life Cycle

The trend toward the shortening duration of the time taken to bring a product from concept to market.

Customer Focus

An approach in project management that prioritizes the needs and requirements of stakeholders.