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Key Performance Indicators (KPI) are a set of quantifiable measures that a company or industry uses to gauge and compare performance in terms of meeting their strategic and operational goals.
3-Points is a technique used by professionals in estimating. This technique use the three figures that are produced initially for every distribution that is required, based on prior experience or best-guesses:
Accountability is an individual's requirement to accept the consequences, both positive and negative, for activities and actions. Often, an individual in a leadership position is held accountable for actions taken by subordinate team members.
Definition
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 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.
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 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.
A benchmark is an accepted standard of performance that has been achieved by a member or members of an industry group.
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.
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"Maybe this world is another planet's hell." - Aldous Huxley |
