Key Terms Flashcards
Learn common MDM terms
WBS - Work Breakdown Structure
WBS is hierarchial and breaks down the work and it’s deliverable oriented. It defines the work of the project
Milestone
A significant point in time or event on schedule (black diamond) – when you hit it, celebrate!
Baseline
Where a project can become a failed project or successful. It’s an approved project (baseline) that includes the project schedule
Triple Constraint
Triangle that balances the Time, Money, Scope typically around changes [Quality in the middle]
Project Life Cycle
Single phase project: Initiating, Planning, (Monitoring & Controlling), Executing, Closing
Gantt Chart
Graphical display of schedule information that includes dates, duration, owners, and deliverable
CCB - Change Control Board
A group of stakeholders (representative from stakeholder groups) that are on the board and people designated in the project plan who are the people with the authority to make approval or denies. Review/approve/reject/delay changes.
Stakeholders
Include people, customers, organizations, vendor partners, that are actively involved in the project. They may be affected positively or negatively by the outcome of the project so they have vested interest in the outcome
Change Management
Project management plan (who, what, where) related to changes in the project in order to control the scope
Risk Mitigation
About building a risk response planning technique associated with threats to the project. If something occurs, identify what happens next?»_space; Goal is to reduce probability of occurrence or impact
RAG Status - Red, Amber, Green
Tool to indicate whether something is on or off track
PI - Product Increment
Additional functionality to be added at each sprint/iteration
Safe Agile
Brings various functional groups together to plan & deliver a bigger working software for each sprint/iteration
WS - Working Software
Software that is built with MVP to make it functional to the customer
MVP - Minimum Viable Product
What are the minimum functionalities to make the software usable for the customer