Branching logic is conditional logic typically diagrammed as a tree structure with each branch being a logical result based on choices made.
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Breakeven is when costs and income are equal....
A Budget is an estimate of funds planned to fund a particular project or fiscal period. It is a planned allocation of resources, measured in dollars....
A Build is a working version of a subsystem that delivers a defined subset of functions that will be included in the final product....
Burden is a group of general, unavoidable, overhead costs that cannot be assigned to direct project tasks.
An action Item is work that is a follow-on activity, usually to a meeting. It is often an action arising out of the conversation, but not core to accomplishing meeting objectives. A project manager will formally schedule an action item to ensure the necessary activity is noted and assigned, but scheduled to be completed later so as not to derail the meeting.
Alignment means that your people and resources are all working toward the same set of goals. In the IT world, we often talk about alignment between business and IT. This means that the business has a clear vision and a set of goals it is trying to achieve. Then everything IT does, supports those goals in the very best way it can. If everything is perfect, which is never the case, then the two are optimally aligned.
Big Bang Testing is testing a complete system (an integration test of all modules) all at once.
Black Box Testing views the entire application as a black box - focusing on inputs and outputs rather than internal lines of code. The tester avoids influence from the developer and actually tries every sort of (not necessarily logical) input they can think of to see what will happen.
Timeboxing is establishing a due date for a project or task based on external factors versus how long we think the work will take. This happens when work must be completed by a given date based on business needs. This is not a problem if the project manager has the resources to make it happen. It becomes problematic if the deadline is set with considering resource constraints. (i.e. - it can't be done on time with the resources you have)