Products are packaged solutions which are then adapted to satisfy the needs of the purchasing organization. Plug-and-play/Install-and-go
What is COTS (Commercial Off the Shelf)
This refers to a current problem
What is Issue
The formal request for implementation of a change
What is Request for Change
Any tangible outcome that is produced by the project
What is a Deliverable
This refers to an uncertain event or activity that may affect a project (has not yet occurred)
What is a Risk
The user interface that includes graphical elements
What is GUI (Graphical User Interface)
An action, event, or problem that threatens to stop your project
What is Showstopper
The total labor hours worked on a project and the total calendar days without weekends, PTO, or holidays
What is Effort and Duration
The documentation of probability, impact, mitigation, resolution, and who has responsibility
What is Documentation of items in the IRAAD
The documentation for risks and issues
What is an IRAAD
A support-type project activity that must be done to support other work activities or the entire project effort and usually consists of short amounts of work that must be repeated periodically
What is LOE (Level of Effort)
The total time from start to finish, including weekends, PTO, and holidays
What is Elapsed Time
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements
What is Project Management
The sum of the products, services, and results to be provided as a project
What is a Scope
A requirement that specifies a performance characteristic that a system or component must possess
What are Performance Requirements
The process used to implement approved change requests
What is Direct and Manage Project Execution
The management model that aims to improve the performance of organization by clearly defining objectives agreed to by management and employees
What is MBO (Management by Objectives)
Any task or activity that is dependent on something else to happen
What is Dependency
The individual with overall accountability of the project and ensures that the project delivers the agreed business benefits
What is a Business Sponsor (Executive Sponsor)
The management that uses data analysis about customer's history with a company to improve relationship with that customer
What is CRM (Customer Relationship Management)
An umbrella structure established to manage a series of related projects
What is Program
The benefits of splitting projects into phases
What are Stage gates, check for progress, improves accuracy
A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demands for resources with the available supply
What is Resource Leveling
Sequence of interdependent activities or tasks that must be finished before the project can be finished
What is a Critical Path
This refers to a framework of policies and technologies for ensuring that the proper people in an enterprise have the appropriate access to technology resources
What is IAM (Identity and Access Management)