Terms Flashcards
Outcome
An end result or consequence of a process or project; includes outputs, artifacts, could focus on benefits and value;
Portfolio
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives
Product
An artifact that is products, quantifiable, can be end item or a component
Program
Related projects, subsidiary programs, program activities managed in coordination for benefits not available if managing individually
Project
Temporary endeavor to create unique product, service or result; has begin and end date (to work or phases); Stands alone or part of program or portfolio.
Project management
Application of knowledge, skills, tools, techniques to project activities to meet the requirements; refers to guiding project toward intended outcome; can use a broad rang of approaches
Project Manager
Assigned by the organization to lead project team; perform variety of functions; facilitating project team work.
Deliverable
Unique and verifiable product, result or capability required to complete a process, phase or project
Development Approach
Method used to create and evolve the product, service or result during the project life cycle: predictive, adaptive, hybrid.
Predictive Approach
Requirements can be defined, collected, analyzed at beginning;
waterfall approach; higher level of risk; frequent reviews
change control mechanisms needed
Scope, schedule, cost, resource, risks can be defined early and are stable
Reduces level of uncertainty; planning is up front
May use proof of concept, majority of work follows initial plan
May use templates from previous projects
Adaptive Approach
Requirements subject to high level of uncertainty and volatility, likely to change throughout project; clear vision at start with initial requirements
Requirements are refined, changed, replaced with user feedback, or unexpected events;
Use iterative, incremental approaches
Iteration duration may differ
Project team determines scope from backlog, estimates work, and collaborates
Hybrid Approach
Combination of adaptive and predictive; elements of both
Where uncertainty or risk around requirements
Deliverables can be modularized, developed by different teams
Use an iterative or incremental approach
Incremental approach may produce deliverable through series of iterations
Each iteration adding functionality in a timebox
Deliverable is complete after final iteration
Example: Adaptive approach to develop product then Predictive to deploy
Cadence
Rhythm of activities conducted throughout project
Project Phase
Collection of logically related activities that culminate in completion of one or more deliverables
Project Live Cycle
Series of phases a project passes through from start to end/completion
