List of Frequently Used Terms in Program and Project Management

  1. Acceptance Criteria: The specific conditions, criteria, and standards that a deliverable must meet to be accepted by the stakeholders.
  2. Agile: An iterative and flexible project management methodology that focuses on delivering value incrementally, adapting to change, and collaboration between cross-functional teams.
  3. Baseline: A reference point used to assess and measure project progress and performance.
  4. Change Control: The formal process of identifying, evaluating, and managing changes to project scope, schedule, and resources.
  5. Dependency: A relationship between project activities where the start or completion of one activity is dependent on the start or completion of another activity.
  6. Deliverable: Any tangible or intangible outcome or result produced as part of a project, which is required for acceptance.
  7. Estimation: The process of predicting the time, effort, and resources required to complete project activities or deliverables.
  8. Gantt Chart: A visual representation of project schedule that shows the planned start and end dates of project activities.
  9. Issue: A problem or concern that can potentially impact the successful completion of a project.
  10. Key Performance Indicator (KPI): A measurable value that indicates how effectively a project or organization is achieving its objectives.
  11. Lessons Learned: Insights or knowledge gained during the project that can be used to improve future project execution.
  12. Milestone: A significant event or point in time within a project that represents the completion of a major deliverable or phase.
  13. Organizational Change Management (OCM): The structured approach to managing the people aspects of transitioning from the current state to the desired future state within an organization.
  14. Project Charter: A document that formally authorizes the existence of a project, defines its objectives, and assigns responsibilities to the project team.
  15. Quality Assurance: A set of activities and techniques used to ensure that project deliverables and processes meet specified requirements and standards.
  16. RACI Matrix: A responsibility assignment matrix that defines who is Responsible, Accountable, Consulted, and Informed for each task or decision within a project.
  17. Risk: An uncertain event or condition that can have an impact on project objectives, and may require proactive management to minimize its potential effects.
  18. Scope Creep: The unplanned expansion of project scope without corresponding adjustments to time, budget, or resources.
  19. Stakeholder: An individual, group, or organization that has an interest or is affected by the outcome of a project.
  20. SWOT Analysis: An assessment technique used to identify and analyze project's Strengths, Weaknesses, Opportunities, and Threats.
  21. Task: A specific activity or piece of work necessary to complete a project or achieve a milestone.
  22. Vendor Management: The process of effectively selecting, contracting, and managing external vendors and suppliers to meet project requirements.
  23. Work Breakdown Structure (WBS): A hierarchical decomposition of the project deliverables and activities into manageable parts.
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