9.4: Key Terms
- Page ID
- 45612
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\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)- adaptive development approach
- development approach that provides a framework that enables project team members to repeat the processes of cycle planning and task initiation as needed
- Agile project management
- type of project management that involves taking an iterative and incremental approach to delivering projects
- change management process
- proper procedure for stakeholders to change or modify the scope of the project
- contingency plan
- outlines the actions you would take if a risky event occurred
- escalation policy
- determines when the project manager should report budget issues, such as being under or over budget
- extreme programming (XP)
- Agile methodology that emphasizes the use of software engineering practices to improve quality and responsiveness
- incremental development approach
- development approach that enables a project to be divided into parts, or increments, that work together and build on each other
- Kanban
- Agile framework that helps managers visualize and optimize the flow of work through a visual representation of the tasks and how they flow through the project
- portfolio management
- centralized management of a set of projects grouped together to identify, prioritize, authorize, and control the related work
- predictive development approach
- development approach useful for projects that have specific requirements with well-defined goals and objectives
- PRINCE2 (Projects in Controlled Environments)
- project management methodology and certification process that is widely recognized around the world
- program management
- coordinated organization, direction, and implementation of a group of related projects to achieve outcomes and realize benefits that are strategically important to the business
- project
- temporary initiative or endeavor to create a product, service, or result that has a beginning and end date
- project charter
- formal document that authorizes project initiation
- project closure
- stage at which the project comes to a formal conclusion, ensuring that all project objectives are met and deliverables are handed over
- project development
- process of planning a project and ensuring that it has the resources necessary to successfully achieve its goals and objectives
- project execution
- stage that involves implementing the project plan, managing resources, and monitoring progress
- project initiation
- stage at which a project is created and involves defining its purpose, objectives, and stakeholders
- project life cycle (PLC)
- development, monitoring, and control of a project
- project management
- use of specific knowledge, skills, tools, and techniques to provide guidance through each stage of a project
- Project Management Body of Knowledge (PMBOK)
- guide for handling projects using a systematic methodology and proven processes for initiating, planning, executing, managing, monitoring, and closing a project
- Project Management Institute (PMI)
- accrediting body for the project management process that certifies project managers, program managers, and portfolio managers
- project management office (PMO)
- department within an organization that provides the standards and guidelines to project managers for projects and governs how projects are initiated, planned, organized, implemented, managed, and closed
- project manager (PM)
- person who applies knowledge of project management and uses various tools and techniques to initiate, plan, execute, monitor, control, and close projects
- resource planning
- task of determining what resources are needed and when they will be needed for the project
- risk
- event or condition that has a negative effect should it occur during a project
- risk management
- process that encompasses risk identification, qualitative and quantitative analysis, risk response planning, and risk monitoring and control
- risk register
- document in which the results of risk analysis and risk response planning are recorded
- scope
- deliverables, objectives, and requirements of the project
- scope creep
- scope of the project grows beyond what was agreed to in the planning stage of the project as requirements are changed or modified
- scrum
- Agile framework that focuses on delivering value through small, cross-functional teams working in sprints, and the product backlog contains a prioritized list of user stories or features
- scrum master
- leader of the scrum meeting
- stakeholder analysis
- review and evaluation of each stakeholder, their background, expertise, and impact on the project
- statement of work
- document detailing the requirements, deliverables, schedule, and responsibilities of the stakeholders of a project to establish a clear understanding of what the project entails
- work breakdown structure (WBS)
- process that helps the project manager understand how the deliverables will be scheduled and any dependencies there might be in completing other deliverables, essentially breaking down a project into smaller, more manageable work packages and tasks