Acronyms

Question 1

SME

Answer 1

Subject Matter Expert

(Professional with in-depth knowledge of a specific subject or area)

Question 2

OKR

Answer 2

Objectives and Key Results

(Project goal-setting framework used to define measurable goals and track their outcomes; it is based on: a concrete, well-defined, objective and 3–5 key measurable, quantitative, time-bound results for each objective)

Question 3

EEFs

Answer 3

Enterprise Environmental Factors

(Internal/external environmental factors that can influence the project’s success)

Internal: resource skills, culture, IT tools
External: marketplace, laws, socio-cultural influences

Question 4

OPAs

Answer 4

Organizational Process Assets

1. Processes, policies, procedures
2. Corporate knowledge-base

Question 5

PESTLE

Answer 5

Political, economic, socio-cultural, technical, legal, environmental

Question 6

TECOP

Answer 6

Technical, environmental, commercial, operational, political

Question 7

VUCA

Answer 7

Volatility, uncertainty, complexity, ambiguity

Question 8

PV

Answer 8

Present Value

(Current value of all future cash inflows given a specified rate of return)

Question 9

NPV

Answer 9

Net Present Value

(Difference between the present value of all cash inflows and the present value of all cash outflows)

Question 10

ADKAR

Answer 10

A: Awareness of need for change
D: Desire to support the change
K: Knowledge of how to change
A: Ability to demonstrate new skills/behaviors
R: Reinforcement to make change stick