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Project management

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

REQ - ZER

  • 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.
  • Ringelmann effect - The Ringelmann effect is a reduction in productivity per individual that tends to occur as the numbers of people involved in a work group increase.
  • risk-reward ratio - Risk-reward ratio is a formula used 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.
  • rule of thumb - A rule of thumb is a principle that is intended to provide general guidance rather than precise direction.
  • 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.
  • scenario - Scenarios are potential events or combinations of events that could have an effect on a business -- typically a given scenario carries either risk or opportunity.
  • scenario planning - Scenario planning allows a business to prepare for various potential events and situations, known as scenarios.
  • seed capital - Seed capital is the funding required to get a new business started.
  • 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.
  • Service Integration Maturity Model (SIMM) - The Service Integration Maturity Model (SIMM) is a paradigm developed by IBM that defines the extent to which various services are integrated in a service-oriented architecture (SOA).
  • 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.
  • SOA governance - SOA governance refers to the processes used to oversee and control the adoption and implementation of service-oriented architecture (SOA) in accordance with recognized practices, principles and government regulations.
  • social loafing - Social loafing is a reduction of individual effort that tends to occur when people work in groups.
  • social media manager - A social media manager is the individual in an organization trusted with monitoring, contributing to, filtering, measuring and otherwise guiding the social media presence of a brand, product, individual or corporation.
  • social proof - Social proof is a psychological phenomenon in which the actions and attitudes of the people around us (either in real life or online) are considered support to guide our own behavior.
  • 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.
  • spike - A spike is a sharp rise in the frequency for a given variable, usually immediately followed by a decrease.
  • SRI International (SRI) - SRI International (SRI), founded as Stanford Research Institute International, is an independent, non-profit research institute headquartered in Menlo Park, California.
  • stand-up - In agile software development, a stand-up is a daily progress meeting, traditionally held within a development area.
  • Standard Performance Evaluation Corporation (SPEC) - The Standard Performance Evaluation Corporation (SPEC), originally known as the System Performance Evaluation Cooperative, is a consortium of leading computer hardware and software manufacturers that was founded in 1988 with the goal of defining, establishing, maintaining and endorsing benchmarks applicable to computer systems.
  • 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 diagram or statechart diagram, is an illustration of the states an object can attain as well as the transitions between those states in the Unified Modeling Language (UML).
  • statistical process control (SPC) - Statistical process control (SPC) is a scientific, data-driven methodology for monitoring, controlling and improving procedures and products.
  • steering committee - A steering committee is a group of high-level advisors who have been appointed to provide an organization or project with direction.
  • story - In agile software development, a story is a particular business need assigned to the software development team.
  • story point (story points) - Story points are used in agile project management and development to determine the difficulty of implementing a particular story (business need).
  • sunsetting - Sunsetting, in a business context, is intentionally and gradually phasing something out.
  • support-driven development - Support-driven development is a strategy used by developers to create products that fit the needs of customers by designing them based on direct customer feedback.
  • 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.
  • take off - Take off, sometimes spelled as "take-off" or "takeoff," is a part of the cost estimating process in the construction industry.
  • 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.
  • terminology management - Terminology management is the systematized collection of concepts and terms with the purpose of unifying and standardizing technical documentation.
  • 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 bank - A time bank is a reciprocity-based work trading system in which hours are the currency.
  • time management - Time management is the coordination of people's tasks and activities to maximize the effectiveness of their efforts.
  • timebox - In agile software development, a timebox is a defined period of time during which a task must be accomplished.
  • timeboxing - A timebox is a strictly-enforced limit on how long a given task or project can take: There is no allowance made for the possibility of extension.
  • Top searches of 2008 - What were people searching the WhatIs.
  • Toyota Way - The Toyota Way is a comprehensive expression of the company's management philosophy, which is based on the two foundational principles of Continuous Improvement (kaizen) and Respect for People.
  • triage - Triage is the procedure of assigning levels of priority 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 an accounting framework that includes social, environmental and financial results as bottom lines.
  • 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 proposition (USP, also seen as unique selling point) is a factor that differentiates a product from its competitors, such as the lowest cost, the highest quality or the first-ever product of its kind.
  • 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.
  • V-Model (Vee-Model) - The V-Model, also called the Vee-Model, is a product-development process originally developed in Germany for government defense projects.
  • validated learning - Validated learning is an approach to demonstrating progress against business goals when traditional key performance indicators (KPIs) are not very useful.
  • vendor neutral - Vendor neutrality is a business and design approach that seeks to ensure broad compatibility and interchangeability of products and technologies.
  • 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.
  • webinar - A webinar is an educational, informative or instructional presentation that is made available online, usually as video or audio with slides.
  • WebOps (Web operations) - WebOps, short for Web operations, is the area of IT systems management that deals with the complexities of Web-based applications and the systems that support them.
  • 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.
  • work breakdown structure (WBS) - A work breakdown structure (WBS) is a chart in which the critical work elements, called tasks, of a project are illustrated to portray their relationships to each other and to the project as a whole.
  • 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.
  • zero-sum game - A zero-sum game is a situation in which the potential gain for players remains constant.
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