Project Management
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1051 items found

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Project Scope Statement

Wiki

A Project Scope Statement is a foundational document that outlines the specific deliverables, objectives, and boundaries of a project. It provides a clear description of what will be accomplished during the project and what will not be included. The Scope Statement typically includes the project's purpose, goals, [https://dlssolicitors.com/define/s...

Risk

Wiki

Risk describes a factor that may have a negative OR a positive impact on a project. A positive risk is also called an opportunity in general. Risk is quantified by measuring the probability of an unexpected event occurring with an impact that event would have on your project.

Budget

Wiki

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.

Black Box Testing

Wiki

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.

Benchmark

Wiki

A benchmark is an accepted standard of performance that has been achieved by a member or members of an industry group.

Risk Management

Wiki

The risk management plan referred to in the PMBoK is the beginning of managing risk. The work that is done within a manufacturing process for example is also governed by Operational Risk Management. This is a process that begins in the planning phase of a project and continues throughout project execution and ends with the project close out.

Business Analysis

Wiki

Business analysis is an internal consultancy role that has the responsibility for investigating business situations, identifying and evaluating options for improving business systems, defining requirements and ensuring the effective use of information systems in meeting the needs of the business refhttps://en.wikipedia.org/wiki/Business_analysis/ref.

Expert judgment

Wiki

Expert Judgment is a technique in which judgment is provided based upon a specific set of criteria and/or expertise that has been acquired in a specific knowledge area, application area, or product area, a particular discipline, an industry, etc. Such expertise may be provided by any group or person with specialized education, knowledge, skil...

Forecasting

Wiki

Project forecasting consists of taking the project status information and extrapolating the current project performance to the end of the project. Forecasts can be made with respect to project duration, overall project cost, performance/quality level of project deliverables, or any combination of these.

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