Project management

Terms related to project management, including definitions about project management methodologies and tools.

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Pareto principle - The Pareto principle, also known as the 80/20 rule, is a theory maintaining that 80 percent of the output from a given situation or system is determined by 20 percent of the input.
Parkinson's law - Cyril Northcote Parkinson observed that "work expands so as to fill the time available for its completion" in a 1955 essay published in "The Economist" based on his experience in the British Civil Service.
Parkinson's law of triviality (bikeshedding) - Parkinson's law of triviality is an observation about the human tendency to devote a great deal of time to unimportant details, while crucial matters go unattended.
PDCA (plan-do-check-act) - PDCA stands for plan-do-check-act, sometimes seen as plan-do-check-adjust.
performance testing - Performance testing is a testing measure that evaluates the speed, responsiveness and stability of a computer, network, software program or device under a workload.
pilot program (pilot study) - A pilot program, also called a feasibility study or experimental trial, is a small-scale experiment that helps an organization learn how a large-scale project might work in practice.
PMO (project management office) - A project management office (PMO) is a group, agency or department that defines and maintains the standards of project management for a company.
Pomodoro Technique - The Pomodoro Technique is a time management method based on 25-minute stretches of focused work broken by five-minute breaks.
positioning statement - A positioning statement is an expression of how a given product, service or brand fills a particular consumer need in a way that its competitors don’t.
private sector - The private sector is the part of a country's economic system that is run by individuals and companies, rather than a government entity.
product owner - A product owner is a role on a Scrum team that is accountable for the project's outcome.
project charter - A project charter is a formal short document that states a project exists and provides project managers with written authority to begin work.
project constraint - A constraint in project management is any restriction that defines a project's limitations.
project management - Project management is the discipline of using established principles, procedures and policies to guide a project from conception through completion.
Project Management Body of Knowledge (PMBOK) - The Project Management Body of Knowledge (PMBOK) is a document containing standard terminology, best practices and process guidelines around project management as defined by the Project Management Institute (PMI).
project management framework - A project management framework is a set of processes, tasks, and tools that provide guidance and structure for the execution of a project.
Project Management Professional (PMP) - Project Management Professional (PMP) certification is a qualification program overseen by the Project Management Institute (PMI).
Project planning: What is it and 5 steps to create a plan - Project planning is a discipline addressing how to complete a project in a certain timeframe, usually with defined stages and designated resources.
Project portfolio management: A beginner's guide - Project portfolio management is a formal approach used by organizations to identify, prioritize, coordinate and monitor projects that align with their strategy and goals.
project post-mortem - Project post-mortem is a process intended to inform project improvements by determining aspects that were successful or unsuccessful.
project scope - Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.
public-private partnership (PPP) - A public-private partnership (PPP) is a funding model for public infrastructure projects and initiatives such as a new telecommunications system, public transportation system, airport or power plant.
quality control (QC) - Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer.
rainmaker (business) - A rainmaker is an individual who generates an unusually high amount of revenue for an organization by bringing new clients and new business to the company.
reality check - A reality check is a second opinion, either requested or provided voluntarily, about the status of some current situation.
red teaming - Red teaming is the practice of rigorously challenging plans, policies, systems and assumptions by adopting an adversarial approach.
release - A release is the distribution of the final version or the newest version of a software application.
release plan - In agile software development, a release plan is an evolving flowchart that describes which features will be delivered in upcoming releases.
requirements analysis (requirements engineering) - Requirements analysis, also called requirements engineering, is the process of determining user expectations for a new or modified product.
resource allocation - Resource allocation is the process of assigning and managing assets in a manner that supports an organization's strategic planning goals.
resource contention - In computing, 'resource contention' refers to a conflict over a shared resource between several components.
Respect for People principle - Continuous Improvement (CI) and Respect for People are the two foundational principles of the Toyota Way, the company's business management guide.
Results-Only Work Environment (ROWE) - A Results-Only Work Environment (ROWE) is one in which the most important criteria for evaluating employee performance is the completion of satisfactory work on time.
risk-reward ratio - The risk-reward ratio is a mathematical calculation used by investors to measure the expected gains of a given investment against the risk of loss.
RS Means - RS Means is a division of Reed Business Information that provides cost information to the construction industry so contractors in the industry can provide accurate estimates and projections for their project costs.
satisficer - A satisficer is a pragmatic individual who makes decisions based on meeting requirements in a timely manner, finding the “good enough” solution and moving on.
segregation of duties (SoD) - Segregation of duties (SoD) is an internal control designed to prevent error and fraud by ensuring that at least two individuals are responsible for the separate parts of any task.
should-cost analysis (should-cost review) - A should-cost analysis, also called a should-cost review, is a procurement strategy for cost optimization in which the customer reverse engineers the cost of producing a finished product or service and uses that information to negotiate a contract.
Six Sigma - Six Sigma is a business methodology for quality improvement that measures how many defects there are in a current process and seeks to systematically eliminate them.
Software Process Improvement and Capability Determination (SPICE) - Software Process Improvement and Capability Determination (SPICE) is an international framework to assess software development processes.
software requirements specification (SRS) - A software requirements specification (SRS) is a comprehensive description of the intended purpose and environment for software under development.
stakeholder - A stakeholder is a person, group or organization with a vested interest, or stake, in the decision-making and activities of a business, organization or project.
stand-up - In agile software development, a stand-up is a daily progress meeting, traditionally held within a development area.
startup accelerator - A startup accelerator, sometimes referred to as a seed accelerator, is a business program that supports early-stage, growth-driven companies through education, mentorship and financing.
startup company - A startup company is a newly formed business with particular momentum behind it based on perceived demand for its product or service.
state diagram (state machine diagram or statechart diagram) - A state diagram (also known as a state machine or statechart diagram) is an illustration of all the possible behavioral states a software system component may exhibit and the various state changes it's predicted to undergo over the course of its operations.
steering committee - A steering committee is a group of high-level advisors who have been appointed to provide an organization or project with direction.
sunsetting - Sunsetting is the intentional phasing out or termination of something, and in business, the term is used often regarding brands, partnerships, agreements, policies, and hardware and software.
system of systems (SoS) - A system of systems (SoS) is the collection of multiple, independent systems in context as part of a larger, more complex system.
T-shaped employee - A T-shaped employee, in the context of human resources, is an individual who has a depth of knowledge as well as skills in a particular area of specialization.
team collaboration - Team collaboration is a communication and project management approach that emphasizes teamwork, innovative thinking and equal participation to achieve objectives.
team collaboration tools - Team collaboration tools -- also known as team collaboration software -- is a term used to define the different types of software and online services available to companies and individuals that enable them to feasibly work together on common projects, regardless of their physical location.
The Phoenix Project - The Phoenix Project is a best-selling novel about DevOps.
think tank - A think tank is an organization that gathers a group of interdisciplinary scholars to perform research around particular policies, issues or ideas.
third party - A third party is an entity that is involved in some way in an interaction that is primarily between two other entities.
time management - Time management is the coordination of tasks and activities to maximize the effectiveness of an individual's efforts.
timebox - In agile software development, a timebox is a defined period of time during which a task must be accomplished.
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Toyota Way - The Toyota Way is a comprehensive expression of the company's management philosophy, which is based on the two foundational pillars of Continuous Improvement, also known as kaizen, and Respect for People.
triage in IT - Triage is a term referring to the assignment of priority levels to tasks or individuals to determine the most effective order in which to deal with them.
triple bottom line (TBL) - The triple bottom line (TBL) is a sustainability-based accounting framework that includes social, environmental and financial factors as bottom-line categories.
triple constraint - The triple constraint is a model that describes the three most significant restrictions on any project: scope, schedule and cost.
two pizza rule - The two pizza rule is a guideline for limiting the number of attendees at a meeting.
Unfreeze, Change, Refreeze (Kurt Lewin Change Management Model) - Unfreeze, Change, Refreeze or Kurt Lewin's Change Management Model is a model to understand and manage organizational change.
unique selling point (USP) - A unique selling point (USP), also called a unique selling proposition, is a marketing statement that differentiates a product or brand from its competitors.
unknown known - An unknown known is information that an individual or organization has in its possession but whose existence, relevance or value has not been realized.
use case diagram (UML use case diagram) - A use case diagram is a way to summarize details of a system and the users within that system.
user acceptance testing (UAT) - User acceptance testing (UAT), also called application testing or end-user testing, is a phase of software development in which the software is tested in the real world by its intended audience.
validated learning - Validated learning is an approach to demonstrating progress against business goals when traditional key performance indicators (KPIs) are not very useful.
vision statement - A vision statement is an organization's declaration of its mid-term and long-term goals, stating what they want to become in the future.
VUCA (volatility, uncertainty, complexity and ambiguity) - VUCA is an acronym that stands for volatility, uncertainty, complexity and ambiguity -- qualities that make a situation or condition difficult to analyze, respond to or plan for.
what if scenario analysis (WISA) - A business can use what if scenario analysis (WISA) to see how a given outcome, such as project costs, might be affected by changes in particular variables, such as the late delivery of supplies or the unavailability of key personnel.
What is business process management? An in-depth BPM guide - Business process management (BPM) is a structured approach to improving the processes organizations use to get work done, serve their customers and generate business value.
What is DevOps? The ultimate guide - The word 'DevOps' is a combination of the terms 'development' and 'operations,' meant to represent a collaborative or shared approach to the tasks performed by a company's application development and IT operations teams.
white box testing - White box testing is a software testing methodology in which the code structure is known and understood by the tester.
workflow management - Workflow management is the discipline of creating, documenting, monitoring and improving upon the series of steps, or workflow, that is required to complete a specific task.

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