ITEC 3505 AI NOTES WEEK 1

Agile: An iterative approach to project management that emphasizes collaboration, customer feedback, and rapid adaptation to change.

Best Practice: An optimal way recognized by industry to achieve a stated goal or objective.

Cost: Meeting the budget for a project.

Cost Estimates: An approximation of the cost of resources needed to complete project activities.

Critical Chain Scheduling: A project management technique that builds on critical path analysis by adding buffers to account for limited resources and project uncertainties.

Critical Path Analysis: A project management technique that analyzes a network diagram to determine the longest possible path of activities, which represents the minimum time needed to complete the project.

Data Analysis: Techniques used to analyze project data, such as root cause analysis and trend analysis.

Data Gathering: Techniques used to collect data and information related to a project, such as brainstorming, interviews, and surveys.

Data Representation: Techniques used to visually represent project data, such as histograms, scatter plots, and Pareto charts.

Earned Value Management: A technique for measuring project performance by comparing the planned value of work with the earned value and actual cost.

Ethics: A set of principles that guide decision-making based on personal values of what is "right" and "wrong".

Full-Stack Software Development: Encompasses expertise in both front-end and back-end development of software applications.

Gantt Chart: A standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format.

Metrics: A standard of measurement to assess project performance, such as customer satisfaction or return on investment.

Network Diagrams: A schematic display of the logical relationships among project activities.

Operations: Work done to sustain the business, as contrasted with projects, which are temporary endeavors.

Organizational Project Management: A framework in which portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives.

Procurement: Acquiring goods and services from an outside source.

Program: A group of related projects managed in a coordinated manner to obtain benefits and control not available from managing them individually.

Program Manager: Provides leadership and direction for the project managers heading the projects within a program.

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

Project Charter: A document that formally authorizes a project or a phase of a project and documents initial requirements that satisfy the stakeholders' needs and expectations.

Project Integration Management: Refers to the processes and activities to identify, define, combine, unify, and coordinate the various processes and project management activities within the project management process groups.

Project Management: The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

Project Management Office (PMO): An organizational group responsible for coordinating the project management function throughout an organization.

Project Management Professional (PMP®): Someone who has documented sufficient project experience, agreed to follow a code of ethics, and passed the PMP® exam.

Project Portfolio Management: Organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise’s success.

Project Sponsor: The person or group that provides direction and funding for the project.

Project Stakeholders: People involved in or affected by project activities, including the project sponsor, project manager, project team, support staff, customers, users, suppliers, and even opponents to the project.

Scope: Meeting the goals for what the project is intended to accomplish.

Scope Statement: A detailed description of the project's deliverables and the work required to create those deliverables.

Talent Triangle: A model that includes technical project management skills, strategic and business management skills, and leadership skills.

Time: Meeting the deadline or schedule of a project.

Triple Constraint: Meeting project scope, time, and cost goals.

Waterfall: A sequential, phase-by-phase project management approach where each phase must be completed before the next one begins.

Work Breakdown Structure (WBS): A deliverable-oriented hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives and create the required deliverables.