PMI
Use of authority or power.
Force/Direct
A business with no protection.
Sole Proprietorship
A 1-page business plan focused on problems
Lean Canvas
Handles marketing and promotion
CMO
An abbreviated time interval within a project during which a usable and potentially releasable increment of the product is created.
Hint: Breaking a big project into smaller, more manageable tasks.
Sprint
n x (n-1)/2
Communication Channels Formula
Our ___runs the finances.
CFO
The first step in completing a sale.
Prospect
Holds products before shipping to consumers.
Fulfillment Center
A tracking system based on data, represented by cards. It only works if the input of team members is entered in a timely and honest manner.
KanBan
Examples include Document Repositories, Intranets, knowledge bases, and Project Portals.
Pull Method
If a company sells ownership shares to the public…
IPO
Business structure makes it easier to raise large amounts of money
C Corp
Producer → Retailer → Consumer
Indirect distribution
The customer keeps adding things after the contract is complete.
Scope Creep
Helps ensure that everyone is kept informed.
Push Method
Strengths inside a company are ___ factors.
Internal
Gives advice and invests in startups
Angel Investor
Producer → Consumer
Direct distribution
The practice of adding unnecessary extra features or functionalities to a project
beyond its original scope, essentially "over-delivering."
Gold Plating
Real-time problem-solving.
○ Examples: Meetings, Video Conferencing, and Instant Messaging.
Interactive Method
Outside market forces are ___ factors.
External
Invests money in exchange for equity or debt
Venture Capitalist
Seeks resources to help start-up.
Founder
Start with what you do now.
Make sure continuous development is done in small, manageable steps.
Encourage acts of leadership at all levels.
Change Management Principles: