Acceptance CriteriaAcceptance criteria (AC) means a collection of predefined requirements that a software product needs to fulfill to be admitted by the end-user. They define the characteristic behavior from the end-user perspective and are different for every user story. Skillfully written acceptance criteria
Adaptive Program ManagementIt is crucial to have a systematic approach to program management as a business. Adaptive program management is one such approach and framework that helps businesses create successful programs, projects, and much more. Every business in the program and project management industry must be familiar
Adaptive Project Management
Adapting to new markets and evolving with them is the key to success for businesses in the modern world. Traditional approaches to project management are not outdated. That is why it is crucial to keep up with processes such as adaptive project management.
If you are in the project management
Adaptive Project Management FrameworkAn adaptive approach to anything is all about results rather than the activity involved. A result-based approach emphasizes iterations, reviews, and relevant changes for the next iteration. So, if you want a framework for your project management, the adaptive project management framework is
Adaptive Software DevelopmentAdaptive Software Development (ASD) is a plain product of the early elegant framework, known as Rapid Application Development (RAD). Its purpose is to enable teams to quickly and effectively adapt to changing needs or market demands, develop their products through lightweight initiatives and
Affinity GroupingAffinity grouping is a method of grouping non-numeric data based on a common similarity. It may sound not very easy, but the core of this technique is simple and very intuitive. Brainstorm with team members, organize ideas into thematic groups and clusters. Affinity grouping typically works in
Agile DefinitionThe key to surviving in the business world is to adapt to new ways of working and incorporate them into your industry. The project and product management industry is growing day by day. That means people must keep up and find the best work methods to enhance their performance.
That is what an
Agile FrameworkThere are many processes teams can utilize to fulfill the goals of product and software development. Of course, each process has its own history, benefits, and principles. The agile framework is one such process that allows product development teams to fulfill their goals in no time.
If you want
Agile ManifestoThe Agile Manifesto is a statement of agile software development's fundamental principles and values. The Agile manifesto Software Development, as it is officially known, attempts to provide a more effective model for organizations to successfully adopt the Agile project management approach and
Agile Product OwnerAgile working environments are nothing without the people that make these environments. Many people are responsible for various things that will take product development to the next level. The primary aim is to guarantee that the team offers maximum value to the business.
The agile product owner
Agile TransformationTransforming a whole organization to a flexible, reactive approach based on agile methodology is known as agile Transformation. Agile Transformation is primarily concerned with organizing teams, building backlogs, and routinely producing working, tested software. Essential considerations are
Agile ValuesAgile software and product development are some of the top aspects of the product management industry. The Agile Manifesto guides the entire process to help leaders and teams. It is a concise document that states four values and twelve principles essential for agile software and product
AgilityAgility is defined as enterprise culture, leadership, strategy, and management agility, adding value to all stakeholders. Agility practices the laws of agile improvement to the entire organization. It empowers companies to react more to improve, accelerate time to business, and decrease costs
AI BuilderMicrosoft AI Builder is a low-code AI development platform.
It enables businesses and organizations to create custom artificial intelligence (AI) models without extensive coding skills.
Annual Recurring RevenueThe revenue amount that a company estimates to earn each year is referred to as ARR. The subscription model's very significant element is recurring revenue. Annual Recurring Revenue provides a year-over-year comparison of the business's performance. One of the most significant KPIs for subscription
Application Portfolio ManagementThe most common problem enterprise organizations share is that individuals buy software to solve issues. However, they realize that the software is only a temporary fix, and after that, they forget about it or use it once in a blue moon. Because of this, the IT teams are overburdened as they have
Azure BoardsAzure Boards is a web-based project management tool that is part of the larger Azure DevOps Services suite.
It provides teams with a centralized hub for managing work items, tracking project progress, and collaborating with stakeholders.
Azure DevOpsAzure DevOps is a cloud-based platform that provides a set of tools and services to help software development teams plan, build, test, and deploy their applications with ease.
At its core, Azure DevOps is designed to help teams work more collaboratively and efficiently, regardless of their size or
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BacklogA backlog is a listing of the tasks needed to maintain a larger strategic plan. A backlog is a collection of work that must be completed. The word "backlog" is often used in accounting and finance. One of the essential factors that make the backlog meaningful is the highlighted items. The product
Backlog GroomingIn product and software development, teams must meet regularly and collaborate. It allows them to tweak strategies, work on the product, and focus on outcomes. Backlog grooming is also an essential process of product and software development.
It involves vital team stakeholders and guarantees
BaselineA baseline for project management is the starting point for a clearly defined project plan. It is a fixed reference point for measuring and comparing the progress of a company's projects. It allows them to evaluate how well their project performs over time. The project baseline is the completion
Beta TestThe Beta test refers to providing the end-user with the software product intent to test it. In beta testing, the actual user uses the software product for a specified period and indicates bugs, issues, and errors. The software companies distribute their product to the user before releasing it for
Beta VersionAn incomplete version of the software, having major features but is not stable enough to be released to the general public. It is mainly intended for beta testing. The Beta Version of a software product is given to the product's end-users with an intent to test it and improve it as much as
Burndown chartA burndown chart is a graphical representation of work remaining in a project versus time. It provides a clear and concise way to visualize how much work is left to be completed in a specific timeframe.
This chart typically has two axes: the vertical axis represents the amount of work, often
Business CaseThe business case is a document that explains how a project's benefits overcome its cost and why it should be executed. The business case document is created during the project initiation phase to give different stakeholders the reasons to invest in a particular project. It contains the financial
Business Model CanvasA Business Model Canvas is a short but comprehensive chart that provides essential details of getting a product or service into the market.
The contents of this generally one pager report vary according to the nature of the business and segment of the market that is to be targeted.
It is more of
Business RoadmapA business roadmap is a visual representation of a company’s future plan of action.
It outlines the direction it is headed and the strategies it will follow to achieve the set goals and objectives.
A business roadmap is a very useful organizational tool that is not just beneficial for internal
Business TransformationBusiness transformation is a parasol term that encompasses the need for changing an organization’s way of doing business.
The transformation may occur because of internal or external stimuli. It may include any aspect of an organization like human resources, functional activities and processes,
Buyer PersonaBased on data and surveys, buyer Persona is a semi-virtual representation of a company's ideal customer. This persona helps Product Managers spend time with qualified leads, develop products that meet their target customer needs and orchestrate operations across the organization, from marketing to
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Change ManagementChange management is a precise approach to addressing organizational processes, goals, changes and, technology transitions. Change management aims to implement strategies to bring about change, control change, and adapt people to change. Such strategies involve structured procedures to inquire
Chief Product Officer/CPOThe Chief Product Officer (CPO) is liable for the Product Distribution and the end-to-end reliability of the product portfolio. The Chief Product Officer is a strategic leader, visionary, team supervisor, and supporter of an organization's product (or product). CPO's primary goal is to lead and
ChurnChurn measures the percentage of accounts that have chosen not to Churn or renew their contracts. A high Churn rate can wreck a company's Monthly Recurring Revenue (MRR) and show objection with company product or co-operation. It is also the percentage of employees leaving the company within a
Collaborative Work ManagementAs its name refers, Collaborative Work Management is a way of working in a team to achieve a particular goal or create something. The term can be divided into two parts:
Collaborative: Working with a group of people to create something
Work Management: Organizing and managing the work.
It is a set
Competitive LandscapeA Competitive Landscape is a list of choices your customers have other than your product. It includes your competitors' products and services. It is the complete description of your competitors' position in the market and helps identify their product offerings, marketing strategies, and social
ConfluenceConfluence is a powerful tool for collaboration that many organizations use to improve teamwork and productivity.
At its core, it is a content management system that allows teams to create, share, and collaborate on documents, ideas, and information in one central location.
Continuous DeliveryThis terminology is mostly used in the software development industry. It refers to the efficacious implementation of the continuous deployment process.
Continuous deployment is the process of reducing the time gap between writing a code for software and releasing it live.
Continuous Delivery or
Cost of DelayCost of Delay is a method to understand and share the effects of time on prediction results. It provides companies with a way to calculate and compare the costs of choosing to complete a project or function later without completing it. In general, the meaning of deferred costs is precisely what the
Cross-Functional TeamA cross-functional team is a collection of people from different backgrounds that work together to accomplish a single goal. Typically, it involves employees from all organizational levels. Members from several departments or areas of competence collaborate in cross-functional teams. Members of a
Customer Advisory BoardA customer advisory board is a group of carefully selected customers who help in obtaining valuable market insights.
They meet up on regular basis to provide their advisory to the organization and share their customer experiences.
Customer ExperienceGreat customer experience requires great efforts from a business in order to ensure that every stage of a customer journey is oriented the way customers want.
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Customer experience is set by all the interactions customer encounters during all the stages from pre-purchase to
Customer FeedbackCustomer Feedback is information, insights, issues, and opinions that the community shares about its experience with the products and services of the company. This feedback is a guide to improving the customer experience, and even negative feedback (especially) can make a positive difference to
Customer Feedback LoopThe Customer Feedback Loop is one of the most effective ways to improve products and services based on customer satisfaction. The feedback loop can enhance the service provided by constantly collecting, learning, and applying user suggestions. A customer feedback loop is a plan for steadily
Customer Feedback PortalThe Customer Feedback Portal is an app, widget, or website that allows companies to provide business feedback at any time. The primary use of the idea portal is to have external users provide feedback, but it can also be used to manage all feedback from other sources. Just write down company
Customer Journey MapThe Customer Journey Map is visual storytelling of all the company's events with its services, brands, and products. By creating a journey map, the company can directly touch the consumer's heart and know what is missing, what is right, and where to improve in the customer's lifecycle. The company
Customer ResearchCustomer Research is to simplify the decisions, emotions, urges, and purchasing behavior of the target customer. We collect information using various methods, identify common characteristics of different customer groups, classify them into customer segments and buyer personas, and conduct marketing
Customer ValidationCustomer validation is a significant action in the product improvement process, the steps needed to get the product from idea to market. At this stage, Company validates assumptions and hypotheses about customer issues, target markets, and products. The findings obtained during the verification
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Definition Of DoneThe process of product and software development is not linear. That is because you keep using feedback to tweak the product for the end-users. Because of this, it can be challenging to define a point where you need to get to be successful.
All product managers must agree on the Definition of Done
Definition Of ReadyThe agile scrum framework includes many terms and processes you must be familiar with. These will help you create better solutions for the entire team as they focus on product development. The definition of ready (DoR) is an important parameter to set before a sprint takes place.
It will clear
Demand ManagementThe supply chain and supplier relationships are important aspects of any business. It helps businesses fulfill customer requirements while ensuring the optimization of the processes. Such requirements can't be fulfilled without successful demand management.
Here is what you must know about it.
DependencyDependency describes the relationships between activities and specifies the order in which they must be executed. Dependencies happen in all decision-making, preparation, and expansion processes and are ideally pre-determined. Tasks may be successors or predecessors to other tasks so that the
Design ThinkingWhat if a product or a solution were not just standard templated ones but were thought through to suit what you wanted as a user? What if you were the center of all the efforts that go on in designing the product or solution?
Design Thinking is an approach to problem-solving, product and solution
DevOpsDevOps combines techniques, tools, and educational aspects for automating and integrating software expansion and IT teams. It focuses on team empowerment, communication and collaboration, and technology automation. Quickly put, DevOps eliminates the limits between the development and operations
Digital Product ManagerDigital products are software goods or services that are intangible and exist in the digital world. These products can include digital media, music, internet television, mobile applications, cloud-based software and services, or even a non-digital product with digital technologies.
A digital
Digital TransformationAccording to Mckinsey & Co report published on October 5, 2020, the present worldwide pandemic has caused 58 % of customer interactions to become digital, up from 36 % the prior year.
The process of employing digital technology to build new or adapt current to business processes, culture, and
Disciplined Agile (DA)Disciplined Agile is a process decision framework that provides a cohesive approach to Agile and Lean practices. Key points to understand include:
1. DA is rooted in principles and values, including choice, alignment, and transparency, which guide organizations in making process decisions that best
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Eisenhower MatrixIt is a significant production and time management framework designed to help product managers prioritize agenda items or tasks. Its urgency and importance first classify it. This method is also known as the Eisenhower decision matrix, the Eisenhower box, or the emergency-importance matrix. It
Engineering BacklogEngineering backlog lists the tasks that are prioritized for the development team to execute in the next sprints. Some organizations use this term to present a backlog where the product owner breaks user stories or epics into specific engineering tasks. Similarly, some organizations use engineering
Enterprise Architecture PlanningEnterprise Architecture planning is a blueprint that defines the use of IT infrastructure and information systems to achieve business strategies and objectives. It is a top-down approach clearly explaining the processes, information components, applications, and technology platforms that need to be
Enterprise Architecture RoadmapAn Enterprise Architecture Roadmap is the visual representation of the sequence of steps taken to transition from the current architecture to the desired architecture. The Enterprise Architecture Roadmap is a tangible deliverable that illustrates what needs to be accomplished and when, so it is
EpicAn epic is a collection of user stories that have a common strategic goal in agile development. When numerous epics share an exact purpose, they are grouped around a motif, a still-broader commercial objective. Another significant contrast is that a user story may be finished within an agile
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FeatureA trait or attribute that provides value to end-users and classifies a product to the market is product features. A device's battery life can be termed a feature. In the same way, a suitcase's fabric or other qualities can change. A product feature might comprise any of the Product's capabilities,
Feature FlagIn the world of software and product development, it is all about speed. That is because the world and technology are rapidly changing, and businesses need to keep up with it. Feature updates, bug fixes, UI changes, and much more are done in real-time.
Feature-less RoadmapA roadmap that focuses on outcomes rather than the features is referred to as a Feature-less Roadmap. It is a strategic blueprint. When a product team follows a feature-less roadmap instead of a product roadmap, it can deliver a valuable product for customers that also support the company's goals.
FeedbackFeedback is a possibility that happens when the outcome of a system is used as input to the system and is part of the causal chain. It changes the variables in the system, resulting in different outputs and, therefore, different feedbacks, which may be good or bad. Customer feedback is a collection
Fibonacci EstimationEstimates have tendencies of being wrong. You might have gotten many inaccurate estimates over the course of your business. However, accurate estimates are a requirement for product and project management.
Thanks to intelligent developers in an agile environment, the estimation process is now
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Gantt ChartGantt Chart is the most popular and practical means of describing activities (tasks or events) demonstrated against time. A Gantt Chart assists project managers and team members in viewing the start dates, end dates, and milestones of project schedules in one simple stacked bar chart. The schedule
Go-to-MarketA GTM strategy is a tactical work plan that outlines the steps essential for succeeding in a new market. It can be used to launch new products and services, renovate a company, or even bring current products to new markets. A simple way to think of it is a more specific version of a marketing plan
Go-To-Market StrategyMarketing strategies are always ongoing as the landscape keeps on changing. However, the go-to-market strategy is all about focusing on how you will launch your next event. Here is what you must know about the go-to-market strategy.
Growth Product ManagerAll departments and individuals within the business are always working towards improving the organization. But, of course, the primary aim of a Growth Product Manager is to help the company succeed. Here is the complete guide to understanding their role in the organization.
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Halo effectThe halo effect (or generalization effect) manifests when positive attributes or accomplishments of an individual, team, or project overshadow other aspects, leading to biased perceptions and judgments.
Hammock activityIn project management, a hammock activity is a grouping mechanism that summarizes or aggregates multiple related activities under a single, high-level task.
Unlike regular activities, this aggregate activity does not represent physical work but acts as a way to monitor and control specific
Handover processThe handover process is a structured approach that ensures the transfer of knowledge, responsibilities, and deliverables between project phases, teams, or stakeholders.
Facilitating clear communication and coordination ensures a seamless continuation of project activities.
HierarchyHierarchy refers to the structure that defines the relationships, levels of authority, and responsibilities within an organization's project and portfolio management framework.
It establishes clear lines of communication, decision-making processes, and accountability throughout the PPM lifecycle.
High-level estimationHigh-level estimation, or top-down estimation, is an initial assessment of project requirements and constraints performed during the early stages of project planning.
It involves making rough approximations based on limited information and is typically conducted before a detailed project plan is
Hindsight biasHindsight bias, also known as the "I knew it all along" effect, is a psychological phenomenon wherein individuals perceive past events as more predictable than they were at the time.
It stems from the desire to create a sense of order and coherence in uncertainty.
Historical dataHistorical data refers to the collection of past information, records, and data points that document events, activities, and outcomes over a specific period.
It provides a reference point for analyzing trends, patterns, and performance to inform decision-making, improve future outcomes, and drive
Hotspot analysisHotspot analysis is a data-driven technique to identify and prioritize critical areas or "hotspots" in a project.
These hotspots can be areas of high risk, inefficiencies, bottlenecks, or opportunities that require immediate attention.
Human resource managementHuman resource management (HRM) is a strategic approach that focuses on managing the organization's human capital to optimize performance and achieve goals.
HRM encompasses various processes: recruitment, selection, training and development, performance management, compensation and benefits, and
Hybrid project managementHybrid project management (or integrated project management) is an innovative methodology that blends traditional project management practices with agile principles.
It offers a flexible framework that allows project teams to tailor their approach according to the unique characteristics and
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ICE ModelThe ICE model is one such framework. ICE is an acronym for visions, associations, and attachments. This model was first introduced in 1996 by Wilson as "an effort to condense the literature of cognitive transformation." Fostaty Young and Wilson have further developed to define three main stages of
ICE PrioritizationICE stands for Impact, Confidence, and Ease. This prioritization method was initially developed to prioritize growth experiments, but its simplicity has made it popular for all projects. The ICE approach enables the creation of new products and MVPs or prioritizes feature requests, marketing, and
Ideal Customer Profile (ICP)Knowing your customers and user base is one of the most important steps for success. It allows the organization to provide accurate solutions to users that offer value and high satisfaction. Besides that, it also enables the business to boost customer experience and personalization.
The Ideal
IdeationFree thinking is crucial to any business if they want to create a culture of innovation and creativity. Organizations must use various methods to uncover new ideas and boost the product development process. It helps solve any development issues and overcome market challenges.
Ideation is one such
Impact MappingImpact mapping is a light cooperative planning approach for teams that desire to impact software products significantly. It is based on user interaction design, result-driven planning, and a thought guide. An impact map is a way to help a company unify the overall business picture with its goals
Infrastructure as codeInfrastructure as Code, often abbreviated as IaC, is a methodology that enables teams to manage and provision infrastructure using code rather than manual processes or traditional graphical interfaces.
In essence, IaC treats infrastructure components, such as servers, networks, and databases, as
InitiativeIn every company, the journey to developing a product starts with a concise vision. You have plans for the future and believe in achieving them in different ways.
Once you develop a strategy, you have to implement various things to accomplish success. That is where the role of initiatives comes.
Integrated Portfolio ManagementIn the last decade, we have seen the emergence of many new IT processes. These are there to help the IT sector and teams to evolve and meet all the organization's needs in no time. However, with so many new processes and elements, businesses face the challenge of process integration.
Integrated
Interaction RoadmapInteraction Roadmap is the most suitable technique in strategies presuming and project management. Interaction Roadmap is a considerable adequate approach for system planning. By scrutinizing the disposition of projects, the Project Manager recognizes that projects have complicated systems'
IT Product ManagementIT product management implies managing all stages of the software product lifecycle, including setting strategy, roadmap, feature definition, development stages, launch, etc. Most of the stages in IT product management are similar to traditional product management, but overall, it requires product
IterationIn all companies, various individuals and departments collaborate to ensure a project runs smoothly. However, many other things, such as iterations, helps in product management as well.
If you’re looking to learn more about the role of iterations in product development, you’ve come to the right
Iteration CanvasIn agile software development, iteration is reserved for a specific time for development. Typical iterations last 1-2 weeks; however, some iteration may be as long as four weeks. Most agile development teams agree on the length of their iterations and continue to operate on an iterative basis. As
Iteration RoadmapIteration roadmap is a method in which iteration is a test, fixed-length time span, and the energetic team performs incremental rate in terms of work, checked software, and operations. The recommended length of the time frame is two weeks. But, one to four weeks is fair, based on the business
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Jira Advanced RoadmapsJira Advanced Roadmaps is a software tool designed to help teams plan and manage their projects.
With Jira Advanced Roadmaps, teams can create detailed plans, set goals, and track progress in real-time.
Jira AlignJira Align is a comprehensive enterprise agility platform that helps organizations align their strategies, processes, and people.
At its core, it provides a holistic view of the organization's performance, allowing leaders to make data-driven decisions and adapt to changing market conditions.
Jira Product DiscoveryJira Product Discovery is a feature within the Jira platform that helps product teams identify and solve the right problems, generate new ideas, and validate them with real users.
It provides a structured framework for product discovery that allows teams to streamline their process, reduce waste,
Jira Service ManagementJira Service Management is designed to help businesses improve their customer service and support.
It offers a user-friendly interface that allows support teams to quickly and easily manage service requests, track customer issues, and resolve problems.
Jira SoftwareJira is a web-based application that allows teams to create and track issues and tasks related to their projects. It was originally developed by Atlassian in 2002.
It offers a wide range of features, including project management, bug, issue, time tracking, and workflow management.
Jira Work ManagementJira Work Management is a project management tool developed by Atlassian.
It's designed to help non-tech teams organize their work, collaborate more efficiently, and achieve their goals faster.
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Kanban BoardThe Kanban board is an important visualization tool for introducing Kanban into firm business. The Kanban board is practiced by everyone in the team who applies Kanban to visually maintain their work and advance the delivery of products and co-operations in terms of predictability, feature, and
Kanban RoadmapThe Kanban Roadmap helps product managers leverage the Kanban Expression methodology for strategic planning. In the Kanban method, we classify the effort into distinct buckets such as "planned," "in progress," "completed," and "blocked." This approach to product roadmaps allows product teams to
Kano ModelThe Kano Model is a methodology for prioritizing features on a product roadmap based on their probability of satisfying customers. Product teams can weigh the advantages of a high-satisfaction product against the costs of delivering it to determine whether adding it to the schedule is a wise
Kano PrioritizationA set of concepts and methods that benefit companies to determine customer (and prospect) satisfaction with product functionality. These ideas are often referred to as the Kano Model, based on the customer satisfaction with the functionality of our product depending on the level of functionality
Kick-off meetingA kick-off meeting is the inaugural gathering of project stakeholders, including the project team, clients, sponsors, and other key individuals.
Its primary purpose is to initiate a project, align everyone's understanding of project goals and objectives, and establish a solid foundation for the
KPI / Key Performance IndicatorKey Performance Indicator (KPI) is a quantifiable measure meant to evaluate the performance of an organization or employees over time for meeting a specific objective. Organizations deploy KPIs frequently to measure their progress and success towards achieving the key business objectives. There can
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Large Scale Scrum (LeSS)Large Scale Scrum, or LeSS, is an Agile framework designed to extend the principles and practices of Scrum to larger organizations and more complex projects.
LeSS retains the core principles of Scrum while introducing additional elements to address the complexities of large-scale projects. It
Lean ProductWhen it comes to waste, there is a lot of it that organizations create too. That is wasting time and resources during the product development phase. Because of this, many organizations use lean product development to create the best products that optimize the entire process.
Here is what you must
Lean Software DevelopmentAs an agile framework, Lean Software Development (LSD) is meant to optimize development efficiency and resources, while reducing waste. It is also known as the Minimum Viable Product (MVP) strategy because it intends to deliver only what the product needs. So, when a team practices LSD strategy, it
LTV/Lifetime ValueLifetime Value Analysis is a procedure in which a business calculates the worth of a customer to an enterprise via the customer's entire life cycle. LTV is one of the metrics employed to calculate a company's growth. LTV is a net profit forecast from the ongoing relationship between customers and
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Market Penetration StrategyMarket Penetration Strategy refers to calculating the total percentage of how much the consumer is using a product/service compared to the total market share of that product. It is a way of determining the size of the current market. If the market for a particular product or service is large, the
Market ShareMarket share is the ratio of total sales developed by a company in an industry. Market share is figured by dividing the company's deals by the industry's whole deals simultaneously. Market share, very merely, is the rate of outcome, service, or software in a specific area, estimated by deals.
Market ValidationA crucial step in the product development process is market validation. It helps create the most innovative products that cater to the needs of the target audience and the users. Businesses use the method of market validation to understand whether an idea will develop and lead to a successful
Marketing StrategyA marketing strategy is a complete strategy that incorporates all the marketing objectives and goals of a company. Executives derive a successful marketing strategy from market research. They also focus on the right product mix to maximize profits.
A marketing strategy is designed to promote goods
Microsoft 365Microsoft 365 is an integrated suite of applications, services, and cloud-based storage solutions provided by Microsoft.
It combines the power of traditional desktop applications with cloud-based functionality, enabling users to work seamlessly across devices and collaborate in real time.
Microsoft DataverseDataverse, as a part of Power Platform, enables you to manage and store data utilized by business applications securely.
Data within Dataverse is stored within a set of tables.
Microsoft PlannerMicrosoft Planner is a project management tool that allows users to create, organize, and assign tasks within a team or organization.
It is part of the Microsoft 365 suite of applications and is accessible through a web browser or mobile app.
Microsoft Power AppsPower Apps is a collection of apps, services, connectors, and a data platform that offers a quick development environment for creating unique apps for your company's requirements.
You can easily create unique business apps with Power Apps that connect to your data housed in the Microsoft Dataverse
Microsoft Power AutomatePower Automate is a service you can use to automate repetitive operations and increase productivity across all enterprises.
With Power Automate you can design desktop, cloud, or business process flows with wide range of connectors like Planner, Power BI, Azure DevOps. and Project Online.
Microsoft Power PlatformThe Microsoft Power Platform is a robust collection of programs that enables you to automate operations, develop solutions, do data analysis, and build virtual agents.
The Power Platform has five major components: Power BI, PowerApps, Power Automate, Virtual Agents, and Power Pages. Let’s dive
Microsoft PPM SolutionsMicrosoft PPM is an end-to-end collaborative project, portfolio, and resource management platform that assists organizations in gaining visibility, insight, and control to improve decision-making, improve project and work initiative alignment with the business strategy, maximize resource
Microsoft ProjectMicrosoft Project is a complex of project and task management tools that help project managers and teams of all sizes conduct their work correctly: assign tasks, plan resources, mitigate risks, etc.
Microsoft Project DesktopMicrosoft Project Desktop is an on-premises project management application with a perpetual license.
The platform is used to build project schedules, which are then saved as MPP files and shared with others to update project status. It also supports setting budgets, managing tasks, and reporting.
Microsoft Project for the webMicrosoft Project for the web is one of the most offered cloud-based platforms to support project management and task coordination.
Project for the web used by project managers and team members to plan and manage work of any size providing simple, robust project management capabilities.
Microsoft Project OnlineMicrosoft is the unspeakable leader in project management tools development. One of the most powerful in this set of platforms is Project Online - a flexible cloud-based tool aimed to help project managers conduct Project Portfolio Management (PPM) and everyday work with their coworkers.
Microsoft Project ServerMicrosoft Project Server is a flexible, on-premises solution based on SharePoint Server for project portfolio management (PPM) and everyday work.
Using MS Project Server, team members and project managers can start a project and prioritize project portfolio investments almost
Microsoft TeamsMicrosoft Teams is a collaboration and communication platform designed for businesses and organizations.
It allows teams to collaborate on projects, share information, and communicate with each other in real time.
Microsoft To-DoMicrosoft To-Do is a task management application.
It allows users to create and manage tasks and to-do lists to help them stay organized and increase productivity.
Users can create tasks, set due dates and reminders, add notes and subtasks, and organize them into lists.
MilestoneMilestones are a specific point in the project life cycle to measure progress towards the ultimate goal. Milestones in project management are used as signposts for project start or end dates, external reviews or inputs, budget checks, submission of significant deliverables. A milestone is a
Minimum Viable ProductMinimum viable Product (MVP) is a concept of lean entrepreneurship, emphasizing the impact of learning in new product development. MVP is a new product version that allows a team to collect the most significant number of validated learning of customers with minimal effort. This validated learning
monday.commonday is a cloud-based work platform designed to help teams collaborate and manage projects more efficiently.
It provides a centralized space where team members can communicate, share files, track tasks, and monitor progress in real-time.
Monthly Recurring RevenueMonthly Recurring Revenue is one of the crucial indicators in the subscription industry (MRR). Monthly recurring revenue (MRR) is an essential indicator for network partner organizations because it is money that can be accurately predicted every 30 days. The predicted total revenue generated by a
Moscow Prioritization ModelThe MoSCoW strategy is also called MoSCoW analysis or MoSCoW prioritization. It is a prioritization methodology used in business analysis, management, project management, and application development to establish a common understanding with stakeholders on the great significance of delivering each
MPP File ExtensionAn MPP file is a file extension created by Microsoft and broadly used in the MS Project product family – a solution for creating, scheduling, organizing, coordinating, and maintaining projects.
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NDA (Non-Disclosure Agreement)A non-disclosure agreement, commonly known as an NDA, is a legally binding contract that establishes a confidential relationship between parties involved in a project.
Its primary purpose is safeguarding sensitive and proprietary information from unauthorized disclosure or use by individuals or
Network diagramA network diagram is a graphical representation of project tasks and their interdependencies.
It provides a visual roadmap of the project, illustrating the sequence of activities, their relationships, and the overall project flow.
NexusNexus is a scaled Agile framework based on Scrum, a popular Agile methodology. It is specifically tailored to address the challenges of scaling Agile for larger projects that involve multiple teams.
It provides a structure and set of practices that enable organizations to coordinate and integrate
NodeA node refers to a point or a key element within a project network or diagram.
It represents a specific task, activity, event, or milestone that needs to be accomplished within a project's timeline.
Nominal group techniqueThe NGT gathers input and makes decisions through a structured group process.
NGT provides a framework that ensures equal participation and encourages individual creativity.
Non-linear project managementNon-linear project management is a flexible and adaptive approach to managing projects that acknowledges complex endeavors' inherent uncertainties and dynamic nature.
Unlike linear project management, which follows a sequential and rigid structure, adaptive project management embraces iterative
Normalization of devianceThe term "Normalization of Deviance" was first introduced by sociologist Diane Vaughan in her study of the 1986 Challenger space shuttle disaster.
In project management, the normalization of deviance refers to the gradual acceptance and rationalization of deviations from established project
Nudge theoryThe Nudge theory, popularized by Nobel laureate Richard H. Thaler and legal scholar Cass R. Sunstein, suggests that indirect suggestions and positive reinforcement can influence individual behavior and decision-making.
It emphasizes the importance of designing choice architectures that make
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Objectives and Key Results (OKR)OKR means for Objectives and Key Results, a goal management system that helps firms build and implement the strategy. The framework's advantages include a more robust emphasis on target results, increased visibility, and better strategic consistency. Skilled workers and their activities are
Office 365Office 365 is a cloud-based productivity suite developed by Microsoft.
Unlike the traditional Microsoft Office suite, which relied on locally installed software, Office 365 operates entirely in the cloud, allowing users to access their documents, emails, and applications from anywhere, anytime,
Outlook tasksOutlook Tasks is a feature of Microsoft Outlook that allows users to create and manage to-do lists and track their progress.
Tasks are essentially electronic versions of traditional to-do lists but with more functionality and integration with other Outlook features.
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PBIX file extensionPBIX file extension is a file format used by Microsoft Power BI.
A PBIX file typically contains all the data, queries, and visualizations needed to create a report or dashboard. It can include multiple pages, each with its own set of visualizations.
PivotPivot means to makeshift or turn in a new direction to accommodate the change in its industry, customer preferences. With the help of pivoting, the company creates a framework in which the company achieves the best level of product or services. It is easy to know what products demand by pivoting
Planning PokerPlanning Poker is a scrum technique that the project teams use to estimate the effort needed to complete a project. This technique is also called the Scrum Poker or Pointing Poker. In this technique, the entire project team gives the input and consensus, due to which the estimates done using this
PortfolioEveryone is familiar with the term portfolio as it relates to a grouping of things under an umbrella. However, the term portfolio can take various forms depending on the industry and context. For example, it is one of the most widely used terms for project and program management industries.
If you
Portfolio GovernanceIf you are looking to make portfolio management successful, you must have strong portfolio governance practices within the organization. Unfortunately, many organizations struggle with governance, leading to poor decisions, accountability, and many other problems. The key is to understand portfolio
Portfolio ManagementPortfolio management is the procedure of selecting, prioritizing, and controlling an organization's projects and programs following its strategic goals and delivery capabilities. The key goal is to ensure that change efforts are implemented while retaining business as usual. Portfolio management is
Portfolio Management LifecycleOrganizations have trouble investing money in projects and programs that give high returns. That is because while some projects may look good on paper, that might not be the case in execution. So, companies must gain clarity through the lifecycle to select appropriate projects.
The portfolio
Portfolio ManagerThe portfolio manager is responsible for creating and managing the portfolio for a project. When it comes to portfolio management, one cannot just say that because Project Managers are responsible for managing projects, they are responsible for managing portfolios. When it comes to managing
Portfolio PrioritizationBusinesses must create optimal value if they want to stay successful in the long run. One of the best ways to maximize value is by prioritizing and ranking tasks and components. All businesses in the project management industry must do this prioritization for their portfolio.
Here is everything
Running a business means you have to plan ahead. That is because one must make calculated decisions to ensure the organization's success. Resource planning is one such crucial aspect that helps the business in guaranteeing smooth operations for its projects.
If you are looking to optimize your
Power BIPower BI is a group of software services, applications, and connectors that combine to transform users' various data sources into coherent, engaging visuals and interactive insights.
Power BI makes it simple to connect to data sources, view the data, identify the critical information, and share it
Power PagesPower Pages is an innovative digital tool developed by Microsoft that aims to revolutionize how individuals and teams approach content creation and collaboration.
At its core, the platform offers a versatile environment where users can create and organize various types of content, optimizing
Power QueryPower Query is a robust data connectivity and transformation tool that empowers users to extract, transform, and load data from various sources.
It provides a user-friendly interface and a wide range of functions to manipulate data efficiently in Microsoft Excel and Power Bi.
Power Virtual AgentsPower Virtual Agents, developed by Microsoft, is an innovative platform designed to enable organizations to build intelligent chatbots and virtual agents.
It provides a user-friendly interface that allows users to create conversational AI solutions without the need for extensive coding expertise.
PredecessorA predecessor refers to a task that must be completed before another task can start.
Tasks in a project often have interdependencies, and these dependencies are crucial for establishing the sequence of work.
Predecessors help project managers create a logical flow of tasks, ensuring that each
PRINCE2the project team have a project plan ready with defined timelines, milestones, and roles before starting a project. It is mostly used in the UK, Australia, and other European countries for effective project management.
PrioritizationA product manager has many duties to conduct, which allows them to ensure smooth project management. For instance, they have to come up with objectives to achieve different initiatives.
Another significant task that a product manager has to complete is prioritization. This allows them to minimize
ProductAnything an enterprise sells that solves a market problem or a customer's needs or desires is called a product. A product is any object or set a company sells to meet its customers' needs or desires. The product may be real or virtual. Natural products combine vital assets (cars, furniture, and
Product AdoptionProduct adoption explains the process of a customer getting aware of a product, knowing its value, and starting to use it. At a primary level, adoption can be represented by the percentage of users who offer a specific set of responses after finding a company's product. Product adoption is very
Product AnalyticsProduct analytics is the collection, analysis, and use of user information of a product to make better decisions. Analytics may help a team understand how their customers use product features, identify areas of difficulty, and better the overall user experience. Business insight software uses event
Product ArchitectureProduct architecture is a mechanism for assigning product functionality to physical components. Instead of representing the product as a prototype, companies break it into essential components and represent them geometrically. It reveals redundancy and better represents the relationship between
Product BacklogA product backlog defines and prioritizes the task-level specifics necessary to fulfill the roadmap's strategic approach. The backlog should emphasize what activities are next on the development team's to-do list as they work toward the roadmap's big-picture goal. User stories, bug patches, and
Product BriefA product brief explains a product's goals, features, and overall direction. Product managers use it to define the requirements and crucial product data needed to build a new quality or effect.
A product brief is an excellent tool for product development. Making one requires little effort but may
Product CanvasA product canvas is a planning tool that focuses on features to assist you in creating fantastic products. It mixes agile and UX approaches to validate product concepts.
Engineering and product management must be on the same page regarding goals and strategies to accomplish projects. A Technology
Product DesignProduct design is the process through which designers merge client requests and company objectives to aid organizations in generating productive items constantly. Product designers improve the user experience in the solutions they deliver to their customers while also supporting their organizations
Product DesignerA product designer is responsible for the overall user experience of a product and typically collaborates with product management on the product's commercial goals and objectives. Product designers are often linked with visual and tactile features. However, they may also assist with information
Product Development CycleThe product development cycle develops the product from the ideas to the market and end-users. It is the process of launching and moving a product from an idea to its market. Product life cycle applies to the period stock is offered into the consumer's business until it is removed from the shelf.
Product Development FrameworkProduct development framework is the process of delivering new products to customers and improving existing products. Customers can be external or internal. It can support various products, including software and hardware, consumer goods, and services. The method described above that allows
Product Development ManagerThe product development manager supports businesses to compose new products and to improve sales and profits. He works with market researchers and product marketers to develop development and marketing strategies based on new product ideas. He also controls the process of developing products and
Product Development ProcessThe product development process can be described as all the stages a business has to complete to sprout a product from its idea to its availability in the market. This process refers to the entire scope of activities a company conceives and implements a new product. The product improvement process
Product DifferentiationProduct differentiation is a business strategy for distinguishing a service or product from others competitors on the market. This strategy tries to assist organizations in gaining a competitive margin and defining engaging, unique selling propositions (USPs) that differentiate their product from
Product DiscoveryProduct discovery is a process in which a team deeply understands the customers and then uses that understanding to develop products that perfectly fit customer needs. It reduces the uncertainty over the ideal to ensure that the right product gets developed that users actually need. If a team
Product EnablementProduct Enablement is a term used to describe enabling customers to use all the features of a product. This process can be done in both the marketing and customer support channels but often starts with marketing, as we are responsible for getting the details of how the product works. Product
Product ExcellenceThe word “Product Excellence” means making a product that makes a difference in its user’s life and makes their work easier. It is a way to make the right product available in the market faster. When you understand what your customers need, and how to fulfill their needs, you come one step closer
Product FeaturesThe product features describe the functionality of a product. They describe the capabilities of a product i.e. what a product can do. In most cases, the product features address the user's needs. These features include the functional features as well as the non-functional features. The functional
Product IncrementThe term product increment refers to adding a new feature to a product. Whenever we want to enhance the functionality of a product, we add a new feature to it. Whenever we are building a software product, it is not built all at once. Instead, it is built feature by feature or module by module. With
Product LaunchA product launch implies a strategically planned and coordinated effort by a business to release the new product into the market and make it accessible for customers. It has many purposes to serve for a business where making it accessible for purchase is just one part of its main purpose. It also
Product LeadershipThe term Product Leadership refers to leading the product towards success throughout its life cycle. It is responsible for the success of the company. Product leadership is not the responsibility of product managers but the people who are in authority or are in a position to lead a product, such as
Product Led GrowthA product-led growth strategy is a business approach that emphasizes the company's product considered growth as a primary source. It is less expensive, reaches a larger audience, and has been shown to work for SaaS, B2C, and B2B, businesses alike. When it comes to a company's growth, product-led
Product Life CycleThe term product life cycle refers to different stages that a product goes through throughout its life span. It is the period from when a product was launched and introduced to the consumers to when it was removed from the shelves or the market.
Product ManagementIt is the process of bringing new or improved products to market or improving an existing product. An initial concept for a product that the customer will engage with and an assessment of the product's success are the beginning and end of the process. Management of product creation, marketing, and
Product Management AuditA product management audit's objective is to determine the current state of the company's product management and strategy. The statistical analysis identifies and removes barriers to a product's success as part of the audit. All aspects of the company's product plans and management procedures are
Product Management CertificationsProduct management certifications are documentation awarded by PM organizations that demonstrate a person's understanding of the subject. Any competent product manager must possess these abilities. On the other hand, each area can be tackled in new and more efficient ways. Detailing, implementing,
Product Management FrameworkThe Product Management Framework is a structure in which the top-down business professionals of target customers are at the center of the Product Management, Product Marketing, Sales, and Customer Success teams. Product management practices vary from company to company, depending on needs and
Product Management ToolsProduct management tools are software or web applications that support product teams performing some or all phases of a product lifecycle, from product planning, research, and development to launch, assessment, and iteration.
The product team uses product management tools for some or all of the
Product ManagerA product manager is an employee who determines the needs of customers and the company as a whole, establishes success for a product, and organizes a team to make that success a reality. Product management has been studied for more than a decade and has a firm grasp of what it means. The profession
Product MetricsProduct metrics are data about how customers and users interact with digital applications and products and how they interact with the business. Product metrics are used by product teams, marketing teams, customer success teams, and analytics teams to determine the success of products and websites.
Product MissionA product's mission is a clear and concise text that describes the highest level of purpose for that product. Make sure the product manager knows whom they are delivering the product for and what they are doing for it. It will also clarify the characteristics of the product and answer questions.
Product OperationsProduct operations are becoming a common task. As with other operations, the goal is to support a specific team. In this case, a product team to streamline the team by handling data technologies and streamlining processes. These include streamlining communication within the different departments in
Product OpsProduct Ops is a function devised to help handle the company's cross-functional product units. Product Ops, short for Product Operations, is similar to other operational functions, such as Marketing Operations and Sales Operations, and helps bridge the gap between product, engineering, and customer
Product OwnerThe primary objective of the Product Owner (PO) role is to represent customers in the development team. An essential activity is managing and creating the backlog evident or giving a prioritized list of demands for future product development. The only person who can alter the order in the product
Product PortfolioA product portfolio is a set of services and products that an enterprise sells; a thorough study of this portfolio provides insight into the company's growth prospects and profit & sales sources. Such a combination may be considered a set of product lines and individual products. This combination
Product Portfolio ManagementPortfolio management is used for evaluating any product and its current progress. It also includes recognizing risks and coming opportunities, simplifying resource allocation based on priorities and product success, and finally adjusting those products with the long-term strategic goals of the
Product portfolio managerA product portfolio manager is a professional responsible for overseeing and managing a company's entire product portfolio.
While the role may vary from organization to organization, it primarily involves:
- Strategic alignment
- Prioritization
- Resource allocation
Product PositioningProduct positioning is a kind of marketing that introduces the advantages of a company's product to a specific target end-user. Market research groups can identify which audiences are targeted based on positive responses to a product. Studies can also determine which product benefits are most
Product Prioritization FrameworksProduct prioritization frameworks are a step-by-step approach for prioritizing product development tasks. The primary goal of this framework is to priorities tasks based on the needs of the target audience.
This framework assists teams in determining whether or not they are focusing on the most
Product Requirement DocumentThe Product Requirement Document (PRD) defines the value and purpose of the product. Product managers write PRD to describe what they are making, who it is for, and how it helps the customer. It is often tangled with the Market Requirement Document, but they are distinct. MRD should be created
Product Risk AnalysisA project has never had unlimited time and money to develop. PRA is a vital tool to help testers allocate limited resources. It starts with the risks involved in a particular project or change. We want to do the most testing where the risk is maximum. Product Risk Analysis assists in identifying
Product Risk ManagementRisk management is an essential element of product design. It benefits in minimizing product and project-related risks such as project funds and schedule overruns or missing product quality and cost objectives. Risk management is essential for complex international product development projects.
Product RoadmapThe product roadmap is an action plan to align organizations around projects or products' short and long-term objectives and how we can accomplish them. It is a common source of truth that describes the direction, product's vision, priorities, and growth over time. While a road map usually shows
Product StackProduct stacks are the applications, technologies, and other resources that product managers use to bring products to market. This word comes from the development community. In the development community, team toolkits are often called "development stacks" or "technology stacks." A product stack is
Product StakeholderA product stakeholder is an individual (or group) who is interested in the product and can impact its success or get impacted by the product. A stakeholder includes everyone who should contribute to the product and approve different product elements, such as planning, developing, testing, and
Product StrategyThe product strategy defines what the product manager wants to achieve, provides a context around their market, and guides the high-profile work themes that help them achieve their goals. The company wants to align the organization around a shared vision and keep everyone focused on the work that
Product Strategy FrameworkA product strategy framework is a step-by-step procedure to build a product strategy with a complete guide of where to start and end. Product strategy describes what the company wants to do, give context for the market, and directs the major work to get objectives. Suppose a company wants to unite
Product TeamA product team is a cross-functional and collaborative team that works to accomplish the common goal of developing a product with all the required features and amenities. A product team is set up with different cross-functional roles where each member is meant to bring a specific set of skills to
Product VisionThe product vision is part of this instructional constellation, linked to the company's overall mission. A strong product vision can help build a forward-looking, customer-driven product strategy. Most product teams struggle to see the bigger picture without a precise vision. They usually tend to
Product VulnerabilityAny weakness or flaw that can be used to affect a product or service is known as product vulnerability. A potential cyber attack on a product's functionality or integrity may also be possible because of the flaw's open door. Other possible effects include a violation of privacy. The monitoring of
Product-Market FitThe term "product-market fit" refers to a situation in which a company's target consumers purchase, use, and notify others about its product in sufficient quantities to keep it growing and profitable. The Product-Market Fit Hierarchy is an implementable model that uses five key components to
ProgramProject management in a company involves employees conducting various tasks. For instance, goals have to be set to ensure smooth management. Besides that, programs play a key role in any business.
If you are wondering about the meaning of a program in project management, you're in the right place.
Program GovernanceDecisions are one of the key features of a company’s success. They can account for a successful project. However, they can also result in failure depending on the authority.
In a company, sound decisions are integral and allow a business to thrive. The one thing that helps managers to make a good
Program IncrementA program increment is a period in which agile Release Trains deliver incremental value in the form of running and testing systems. One of the primary purposes of PI planning is to keep everyone aware in the team to have a good experience of team collaboration. Planning, constructing, testing, and
Program Increment BacklogA backlog is a centralized storage area that contains a prioritized list of items that will be implemented. These operations can be features, epics, user stories, or tasks that are critical components of an organization's strategic strategy that must be implemented. The Agile Release Train's core
Program Increment GoalPI goals are a set of summarized instructions to represent the business and technical parts of a goal that an agile development or release train must achieve. They form the foundation for planning and aligning a program increment's results—the use of PI objectives aids in knowing what needs to be
Program Increment RoadmapA Program Increment (PI) Roadmap supports the creation of a timeline of events or milestones that defines all of the targeted deliverables along the product's journey. Future planning takes time and effort when creating a PI Roadmap. It is, in reality, a complex process because a team cannot
Program ManagementProgram management is the strategic management of multiple related projects in order to execute them simultaneously and let them share resources and other activities. Basically, it is a grouping of individual projects that are somehow linked together based on their area of impact or common goal.
Program ManagerA program manager is the strategic project planner/manager of an organization whose job is to oversee multiple projects at the same time, where all projects are related to one major program. A program manager holds a high-level view of the whole program, strategically manages and directs all the
ProjectA project can be defined as a series of steps needed to accomplish a specific goal. There are some deliverables of each project. The deliverables refer to the outcomes that are achieved when a project is completed. They can be a product, a service, or just a feature. Each project has a specified
Project BriefThe term “Project Brief” refers to the description of how a project will be executed to achieve the desired outcomes. The project managers use the project brief to explain to their clients regarding the project plan and what they are offering. In a nutshell, the project brief is a short
Project BudgetThe project budget refers to the amount of money needed to be spent to complete a project. It includes all the estimated costs incurred before the project completion. The project managers use it to estimate the total cost of a project. It includes the labor costs, material and procurement costs,
Project Business CaseThe project business case is a document that explains the business plan of a company that it is trying to achieve through a particular project. It also gives the reasons why someone should invest in a project. It is developed when a project is in its early stages. It outlines the why, what, how,
Project CanvasThe project canvas is a simple tool designed to help the project managers describe a particular project to their teams, clients, and other people. It is an ideal structure to define stages that a project will go through and a simple structure of its elements. It provides an overview of the project
Project CollaborationEffective communication is an integral feature that all projects in a company must possess. However, sometimes it is more difficult to achieve. In such a case, project collaboration can help immensely.
Project collaboration is a practice that many companies have been using for years. If you want to
Project ControlIn all companies, projects are not self-running and require comprehensive planning. Otherwise, turning it into a success would be difficult and time-consuming. A key thing that can help with management is project control.
A project manager must ensure that tasks are completed within time and
Project DashboardsProject portfolio management involves many different tools for tracking purposes. They help with the smooth operations of various projects within a company. A key thing that helps with tracking is the project dashboard.
If you want to learn more about project dashboards, you’ve come to the right
Project DependencyProject management involves many tasks that may be individual or interrelated. This is why managers have to ensure their completion in different ways.
Project dependency plays an integral role in the management of interlinked tasks. If you’re looking to learn more about it, your search ends now.
Project Gantt Chart
In all companies, planning a project requires time and effort. This is why using different tools is a viable option. Many managers opt for them to save time while improving efficiency.
A project Gantt chart is a tool that is famous in the project management industry. If you want to understand
Project Intake FormMany companies work on a task-to-task basis and allow their clients to order a particular product. This is why it is essential for such a company to obtain information about what the client wants. That is where a project intake form comes in.
Project managers in many companies use the intake form
Project Intake ProcessIn the project management industry, a company takes on multiple clients simultaneously. However, it is to note that managers do not agree to take all potential customers. A thorough process has to be conducted before a business takes on a client.
A process that helps a company say yes or no to a
Project ManagementAs its name depicts, Project Management refers to the activities performed during the development of a project. Project management is needed for every project because it defines the track to be followed during the project. It is done from the beginning to the completion of the project. It includes
Project ManagerA project manager manages the activities needed to perform to achieve the desired outcome from a project. He plays a vital role in planning, executing, controlling, and completing the project. His abilities determine the success or failure of the project. A project manager should be motivated,
Project ObjectivesA project in a company has to be fulfilled on time while keeping various parameters in mind. One of the top things that a manager has to ensure is to set project objectives. This is because you cannot know whether the project is a success or not unless you know clearly what the project is meant to
Project PlanIn the project management industry, planning plays an integral role in the company's success. This is because it helps you tackle issues before starting the project. Not only that, but it can aid you in maximizing work efficiency.
A project plan is an integral document that helps with managing
Project PortfolioThe project management industry is vast and includes various techniques for delivering the desired results. Managers have to take different factors into account when building project layouts.
A project portfolio is an effective technique that can help improve project results. Generically, a
Projects and portfolios can take up sufficient resources and time for any business. The key is to optimize these resources to make the most out of them. That is where PPM comes in, and here is everything you must know about this.
Project PrioritizationMany businesses in any industry don't have one project in their plan. If the business grows, it will have several projects waiting to be worked on. However, everything is to be done in its time and under the deadline.
Some projects are long run, and some are for the short run. An organization
Project RequestA Project Request is a simple description of a project given to an organization's project management department. It briefly describes the project, its purpose, and how it will benefit an organization. It can also be referred to as the project proposal, but the difference is that the project
Project RoadmapThis blog post will provide a high-level overview of what a project roadmap is, and how you can use it to get the most out of your startup. We'll discuss why an effective project roadmap is important for your business, and provide examples from some well-known companies that have been successful
Project ScheduleThe term Project Schedule refers to the timetable of a project. It shows the starting and ending date for a project, how the tasks are divided into different milestones and how they are related. The project schedule is the graphical representation (usually a Gantt chart) of the planned dates and
Project SelectionProject selection refers to the process of selecting a project. In an organization, many projects might be running simultaneously, and many new projects are proposed on a daily basis. So, the company and the project team must decide which project to start first and which project can be delayed.
Project StatusBefore a project is started, a detailed plan of the tasks is prepared to be completed in every stage. The completion of every task leads to the completion of the project itself. Therefore, you must be aware of the project's status in progress.
Project status can be a detailed or short overview,
Project Status ReportWe all know how vital Project Status is for a project and an organization. There are many tasks and things that need to be carried out by a project team. Reporting the progress of each stage in the project to the managers is the highest responsibility of the project team.
The Project Status Report
Project TeamThe project team can make or break effective project management within an organization. That is why all businesses need to understand the basics of a project team. That includes what the project team is, its roles, and responsibilities.
All of this will help with better project management and
Project TemplateA template is a pre-defined design and layout that you can use without customizations. A project template is a document that defines how a project should look like. It is used to capture the structure and content of the existing projects. It can be used to speed up the new project creation process
Project TimelineA project timeline is a visual representation of the chronological sequence of tasks, activities, and milestones that must be completed to successfully execute a project.
It outlines the start and end dates for each task and helps project managers and team members understand the project's
PrototypeA prototype is a realistic model that depicts the design of a product. It is usually created to show the product owner or other key stakeholders. A prototype is used to ensure that the project team is working on exactly what the customer or stakeholders expect. The prototyping is done during the
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Qualitative risk analysisQualitative risk analysis (or QRA) is a technique used to evaluate risks based on their impact and probability of occurrence.
Unlike quantitative risk analysis, which involves assigning numerical values to risks and calculating their potential impact on project objectives, QRA focuses on a more
Quality assuranceQuality assurance is not just a one-time activity; it is an ongoing process that starts right from the project's inception and continues until its closure.
Its primary focus is preventing defects, errors, and issues rather than detecting and fixing them after they occur.
Quality controlQuality control is a systematic approach project managers and teams employ to monitor, assess, and manage the quality of project deliverables.
It aims to identify and rectify any defects, errors, or deviations from project requirements during the execution phase.
Quality function deploymentQFD is a structured approach that bridges the gap between customer expectations and project outputs by systematically transforming customer requirements into engineering characteristics.
The methodology captures customer needs and preferences to guide the development process, ensuring that the
Quality management planQuality management refers to establishing and maintaining the standards that govern a project's products, services, or results.
It involves identifying the quality objectives, determining the processes required to achieve them, and continuously monitoring and controlling the project's outputs to
Quality triangleThe Quality Triangle, or the "Project Management Triangle" or the "Triple Constraint," represents the interrelationship between three key project elements: Time, Cost, and Quality.
The key principle is that a change in one element will inevitably impact the other two.
Quantifiable objectiveQuantifiable objectives, also known as measurable or SMART goals, are specific, achievable, and easily trackable targets set by project managers to guide the team's efforts throughout a project's lifecycle.
Quantitative risk analysisQuantitative risk analysis is a systematic and data-driven approach used to numerically assess the impact of identified risks on a project's objectives.
It utilizes statistical techniques, historical data, and probabilistic modeling to quantify uncertainties and make more accurate predictions
Questionnaire designA questionnaire is a structured tool that comprises a series of questions designed to gather specific information from respondents.
In project management, questionnaires are utilized to collect quantitative and qualitative data about various aspects of the project, such as stakeholder
Quick winsQuick wins are tactical victories that yield tangible results in a short period, often during the early stages of a project.
The concept revolves around completing manageable tasks swiftly, demonstrating progress, and instilling confidence in the team and stakeholders.
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Rapid PrototypingHave you ever found yourself in a situation where you have to build something, but don't know what? You need an idea of how it's going to look before you start building. This is where rapid prototyping comes in handy!
Rapid Prototyping has become more and more popular over the past few years
RefactoringRefactoring is the procedure of optimizing the internal structure of current source code while maintaining the program's outer behavior. Refactoring is a noun that refers to a specific behavior-preserving modification, such as Introduce Parameter or Extract Method. The team refactors to better
Release ManagementRelease Management has become a critical part of any software development organization. It is the process of managing updates for all types of products, including hardware devices and firmware, so that they are released to customers in an efficient and timely manner. The release management process
Release NotesThe Release notes refer to the document produced and distributed whenever a new product is launched or any recent changes are made in the current product. The Release notes briefly describe a new product or the updates done in a product. Usually, they are created for the end-users but can also be
Release PlanThe Release plan refers to a project team's document to plan how certain product features will be released. This document provides the timelines and lets the customer know when to expect the updated product. The project team usually uses it internally to understand the flow of the project.
Resource AllocationResource Allocation refers to utilizing the hardware and human resources in an effective yet most usable way. The project managers should allocate the resources to fulfil the project's needs even if they are scarce. Resource allocation should be done to fulfil the organization's strategic goals
Resource Capacity PlanningResource capacity planning identifies the amount of work that the resources could do at an organization. It is a way of filling the gap between the resource capacity and demand for future projects. It balances the available resources to meet the customer or the project resource requirements. The
Resource CostThe term Resource Cost refers to the cost of all the resources required to complete a project. These resources are needed to perform an integral part of the project development process. These resources include the material as well as the human resources. For material resources, it would be the
The process of managing, allocating, scheduling, and utilizing the resources to achieve the strategic goals is called Resource Management. Resource management is done to make the most of the available resources to increase the efficiency of the processes. It is the responsibility of project
Resource PlanA resource plan identifies the resources that are needed for completing a project. These resources include both human and material resources. It is a document that identifies and allocates various business resources to the project. They also ensure the efficient utilization of scarce resources.
Resource UtilizationThe term Resource Utilization refers to using the available resources. It measures the utilization of all the available resources. It describes the percentage of an employee's availability and capacity. It is used to determine how much time your team spends doing a billable task and how productive
Resource WorkloadThe amount of work given to each resource during a project is called the resource workload. A project, as a whole, depends upon certain tasks. So, it is divided into different milestones, and those milestones are further divided into simpler tasks. These tasks are needed to be performed by various
Retention RateThe Retention Rate refers to how many customers came back to purchase the product or avail of the service you offer during a specified timeframe. It measures the success rate of a product or service. Simply put, it can be stated that it is an important metric to determine success or failure. The
RetrospectiveA retrospective is a conference scheduled after a product has been released to make sure what went wrong throughout the development and delivery process. The purpose of the meeting is to improve issues in the future depending on what was learned and discussed. The Agile retrospective can be viewed
RICE ModelRICE clarifies Reach, Impact, Confidence, and Effort as a detailed prioritization structure for quantifying the possible worth of features, project ideas, and initiatives. The RICE standard enables product managers to quantify the evaluated worth of a feature or task idea, assembling it more
RICE PrioritizationThe RICE scoring model is a priority framework designed to help product managers identify which products, features, and other initiatives to place on their roadmaps, scoring these items based on four factors. The TRICE priority evaluation benchmark is a structure developed to support product
Risk Management in ProjectsThe world of project management is fraught with risk. Some risks are foreseeable, while others can be completely unexpected. No matter how much you plan for them, there will be times when the things you're most worried about happen anyway. And this doesn't just apply to projects - it applies to
Risk RegisterIn business, there are a lot of risks to be managed. Whether it is marketing risk, operational risk, or even financial risk, the goal of any company should be to mitigate these risks as much as possible. How can you do that? A good first step would be to create a complete "risk register."
A risk
Roadmapthat reflects the goals or expected outcomes of a project and provides all the main steps required to achieve it. It represents the goals to achieve ("why"), strategy to adopt ("how"), and time to complete ("when"). A roadmap contains elements such as project objectives and goals, key deliverables
Roadmap MilestoneA roadmap milestone is a call out of a high-level date that the product team must keep in mind as they progress with the product. It could be signaling a major deadline or upcoming event that the team must be aware of. Different teams can have different roadmap milestones depending on the project,
Roadmapping SoftwareA roadmap is a visual high-level summary of a company's goal or strategic objective for the product. It reflects the why, what, and when of a project, making it easy to set priorities and plan strategies accordingly. A roadmapping software provides a platform where key personnel can interact and
Roadmapping ToolA roadmap is a visual strategic document that documents both the goals and the executive strategy of the product. It reflects the product's vision, goals, strategy, functionality, features, and timeframes. A roadmapping tool assists in creating the perfect roadmap of a product with its different
ROIMeasurement of an investment's profit or success and comparison of investment efficiency is known as return on investment (ROI). An investment's profit margin versus its cost is measured using the concept of return on investment (ROI). An investment's profit (or return) is divided by the amount
Role of Product ManagerA product manager is someone who manages the development of a product, usually in collaboration with other members of the company. This person needs to be able to understand all aspects of what goes into making a successful product and how it will fit into the market. They are tasked with building
Role of Product OwnerProduct owner is the single most important role in Scrum. The product owner is responsible for maximizing value of the product and to act as a proxy between stakeholders and development team. This article describes how the product owner should interact with stakeholders, developers, testers etc.
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ScopeThe scope refers to the limit of something or the areas where a project could be used and stays valid. The scope of a project could be defined as how vast a project would be, what areas it will cover, to what extent it will solve the customer's problems, and so on. Before starting a project, an
ScrumScrum is a framework for facilitating teamwork. Scrum motivates teams to learn via self-organization, experiences while working on an issue, and report on their victories and failures to constantly improve, just like a rugby team (from which it gets its name). Scrum is a simple paradigm for
Scrum Agile FrameworkThe agile scrum approach is a sprint-based project management technique that provides maximum value to stakeholders. Due to its capacity to facilitate high-level efficiency and collaboration for project-based work, businesses of all sizes adopt the agile scrum approach. Even though Scrum and agile
Scrum MasterScrum Masters can promote Scrum to larger teams by ensuring that the Scrum framework is protected. The Scrum Master does this by making sure everyone in both the Scrum Team and the organization understands the theory and practice of Scrum. Scrum is a task managing framework that highlights
Scrum MeetingEvery production business wants to produce products faster and efficiently. This requires detailed planning and committed coordination among the departments of a company. The main goal of every manager or head of a department is to bring efficiency and improve performance.
To make this process
Scrum of ScrumThe Scrum of Scrums is an agile management technique that involves a meeting where representatives from each team meet to discuss the progress of their work and look for ways to collaborate. It scales the scrums to a group of 12 people.
The Scrum of Scrums meeting is a forum where teams can discuss
Scrum of ScrumsThe Scrum of Scrums approach builds upon the principles and practices of Scrum, extending them to address the challenges of larger projects.
The key idea behind SoS is to create a hierarchical structure that facilitates communication, alignment, and synchronization between multiple Scrum teams.
Scrum StandupA scrum standup session is a short, time-boxed team status review day after day, usually at a predetermined hour. The daily standup is referred to as a ‘Scrum standup' in the Scrum process. There are many degrees of inspection and adaptation in agile methods, from unit testing code that is done
Scrum@ScaleScrum@Scale is an Agile framework developed by Jeff Sutherland, one of the co-creators of Scrum.
At its core, Scrum@Scale emphasizes transparency, inspection, and adaptation, which are fundamental Agile values.
SharePointSharePoint is a robust web-based collaboration and document management platform developed by Microsoft.
It serves as a central hub for teams and organizations to store, organize, share, and collaborate on documents, files, and information.
Smart GoalsThe term SMART goals refer to setting achievable goals for you smartly. It implies setting specific, measurable, attainable, realistic, and timely goals. When you select a goal, your life gets a direction, and you get the motivation to achieve something. The SMART goals are the ultimate guide to
SmartsheetSmartsheet is a cloud-based project management and collaboration tool that helps teams work more effectively and efficiently.
It provides a centralized platform for managing tasks, projects, and processes, allowing team members to collaborate in real time, automate workflows, and track progress.
Software ArchitectureThe software architecture of a system describes the organization or structure of the system and explains its behavior. A system represents a collection of components that complete a particular function or a series of functions. In other words, software architecture provides a solid foundation for
SprintA sprint is a time-boxed, short period in which a team works to complete the pre-defined amount of work and make it ready for review. It is one of the core elements of agile methodology. Sprints empower product teams to offer more value to customers at a faster pace and follow the agile principle
Sprint BacklogEvery business needs to organize and prioritize its tasks in scrum meetings. Prioritizing the tasks helps reduce the burden and ease the workload on the team and create a room for improvement is the woek.
The sprint backlog is a process that helps a team manage their tasks in the given time. Using
Sprint Goal in AgileA sprint goal is a type of objective that the development team and product owner agree upon during each sprint. The goals are meant to help guide the team in determining which items will be developed, and they also provide transparency for stakeholders about what work is being done. This post
Sprint PlanningIt is no secret that sprints are the key to project success. They allow for teams to come together, plan out what needs to be done, and create a roadmap for achieving milestones on time. If you have never participated in a sprint before or have not been able to complete one successfully due to
Sprint RoadmapThe goal of every sprint is to provide enough value to customers and stakeholders that they want to work with you again. A successful sprint roadmap will help make this happen. This blog post will walk you through the process of building a winning plan for your next sprint and give examples of what
Stage-Gate ProcessThe Stage-Gate process is a project management technique in which a project is broken down into multiple stages with gates, and at the end of each state, the project status is evaluated. At each gate, the project is reviewed to take to project to a new stage or continue with modifications or end a
StakeholderA stakeholder in project management is any individual, group, or entity that has an interest or concern in the project's outcome.
Stakeholders can influence or be influenced by the project, and their involvement can significantly impact the project's success or failure. Identifying and
Stakeholder ManagementStakeholder management is an important aspect of successful leadership. This blog post discusses the different types of stakeholders, how to identify them, and how to manage them effectively. We will also look at ways that you can increase stakeholder engagement within your organization with a few
StakeholdersIf you are a business owner, then you most likely already know how important it is to define and communicate with your stakeholders. In the 21st century, there are many different types of stakeholders that may be involved in your business. There are shareholders who might own shares in your
Story MapA story map is a way to reflect the journey users take with the product, which includes all the tasks and activities they undertake. Agile teams use story maps to identify the main outcomes end users want to achieve with the product. So, instead of developing something that stakeholders like, a
Story MappingStory mapping is a technique of visualizing user stories in a more holistic view for better visualization of the overall user experience. In a story map, user stories are arranged in two independent dimensions. The horizontal axis arranges user activities (user journey arranged in sequential
Story PointStory point is an index engaged in agile task control and development to estimate the problem of implementing a given user's story. It is an abstract measure of the effort required to implement the story. Simply put, a story point is a number that tells a team the difficulty level of a story. The
Strategic AlignmentStrategic Alignment is the arrangement of all stakeholders, inner and outer so that all are concentrated and devoted to achieving a shared organizational vision. It means that all elements of the business, including its market strategy and the way the company itself is organized, best support the
Strategic InitiativesStrategic initiatives are a comprehensive strategy that associations arrange to accomplish strategic objectives and long-term improvement vision. If the goal is to ask what the company wants to achieve, the strategic initiative will explain it. The map's route to the destination is a set of
Strategic RoadmapThe Strategic Roadmap is a bridge (link) between strategy and execution. The Strategic Roadmap is a visualization of the company's strategic plan. Understand the activities that are completed within the given time frame. It gives the company a complete view of what is going to happen. The product
Strategic ThemeIn Project Management, the theme is the advanced goal or plan for the project. Themes are at the top of the strategic level of the project roadmap. Each theme is based on a set of related but narrow strategic plans called epic. An epic is made up of a set of related functions or user stories.
StrategyStrategy determines an organization's long-term direction and scope, and they say it should determine how resources are allocated to meet the needs of markets and stakeholders. The strategy is to merge organizational actions and influence and assign scarce resources within the organizational
Subject matter expertsA subject matter expert, often abbreviated as SME, is an individual who possesses specialized knowledge, expertise, and experience in a specific domain or field.
In the context of project management, SMEs are individuals who have deep insights and understanding of a particular subject area
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Technical DebtIt's all too easy to forget about the costs of taking shortcuts. As a business owner, you might be tempted to cut corners on design or development work today in order to save time and money. You might think that this is an investment in your company, but what if I told you it was actually the
Technical Product ManagerA person who is accountable for the success of technical products is the technical product manager. The project team must ensure that the product is meeting all of the company's promises. They also work with technical product managers, stakeholders, and the development team to find and fix any
The Voice of Your CustomersWhat is the voice of your customers? They are the ones who tell you how to improve your product or service. They are the ones who provide valuable feedback. The voice of your customers should always be heard, so that you can make changes accordingly for them! In this blog post, we will discuss what
Timeline RoadmapA roadmap Timeline is a technique for strategic planning which groups together the goals and crucial deliverables (such as milestones and tasks) of a project on a timeline. Keep in mind that a roadmap plan differs from a conventional project plan in that it is a high-level, concise, and easy
TrelloTrello is a cooperative work managing application that follows team projects, highlights continuing jobs, indicates they are appointed, and details progress assembled. The core of Trello is to rely on the principles of the Kanban project to visualize the workflow, providing managers and team
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Use CaseClarifying how customers interact with products and systems is essential for requirement collection and high-level communication with stakeholders. A use case model diagram visualizes a product's users, how they interact with it, and what it does. However, what exactly is a use case? Moreover, why
User ExperienceUser Experience (UX) is the all-encompassing voyage users transit to utilize an outcome. It contains the immediate interchanges with the outcome and how it suits the general task fulfillment procedure. Nevertheless, whether additional characteristics of the understanding are beneath the immediate
User FlowUser Flow is a diagram or a picture on any website. It is a kind of application that shows the user how to complete any task. The user follows those steps to complete its task successfully. It could be any task, for example, buying groceries or purchasing any products. It is basically to understand
User InterfaceThe user interface (UI) is where human users interact with computers, websites, or applications. The goal of the effective user interface is to make the user experience intuitive and straightforward and require the user to make the slightest effort to obtain the maximum desired results. The UI is
User PersonaThe user Personas is a semi-fictional one based on the company's current (or ideal) customer. Personas can be formed by conversing with users and smashing down diverse demographic and psychological data to enhance product dealing. User Persona is a typical user; its goals and characteristics
User ResearchUser research strives to understand user conduct, requirements, and encouragements through observation technology, task analysis, and other feedback methods. The user research aimed to reveal the obstacles or setbacks users faced when interacting with products. User research methods focus on
User StoryA user story is a familiar natural language explanation of one or more features of a software system in terms of product management. A user story is a mechanism used to explain software function from the end user's point of view in agile software development. User stories define the type of user,
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Value PropositionThe value proposition is the value a company commits to offer customers if they buy their products. Value Proposition delivers a statement of purpose or statement that introduces the brand to consumers, tells them how the company works, what it stands for, and why it is worth their business. Value
VBA (Visual Basic for Applications)VBA, which stands for Visual Basic for Applications, is a programming language developed by Microsoft that is used to automate tasks and customize applications within the Microsoft Office suite.
It is an event-driven programming language and integrated development environment (IDE) that allows
VelocityThe most critical measure of an agile team's plan is its "velocity." The amount of work that the team does in each sprint phase. It helps teams determine how much progress they can make in a particular sprint phase. Adding all the story points that each user's story completed at the end of the
Vision StatementA company or organization's vision statement concentrates on the inherent prospect of the company's destiny; it is about what they are heading to be. While the vision statement may cite how the company plans to complete the future, a truth, "how," is part of the mission statement? The vision
Visual StudioVisual Studio is an IDE that facilitates software development across multiple programming languages, including C#, C++, Visual Basic, Python, and more.
It offers a user-friendly interface with a rich set of tools, making it an essential resource for both beginners and experienced developers.
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WaterfallThe waterfall approach is a linear project management approach that collects stakeholder and customer requirements at the beginning of a project and creates a continuous project plan to meet those requirements. The waterfall benchmark is called a waterfall because each assignment phase cascades
Weighted ScoreA weighted score is mainly defined as the mean of grades for each subject (interest) multiplied by its counterweight (division decimal). Each subject, (An), is characterized by its particular weight, established by the tutor. As a global command, a weighted score is a grading practice that employs
Weighted ScoringWeighted Scoring is a paradigm applied to categorize the procedures, assignments, conclusions, peculiarities, and other actions by allowing a mathematical estimation based on the expense worth or the enterprise benefit of the distinct operation. As the Company, decision-making is a challenging and
Weighted Shorted Job FirstWeighted Shorted Job First (WSJF) is a method of prioritizing work or projects. It is essentially a calculation method for pursuing low-hanging fruit better than projects with higher value but higher completion costs. The idea is that higher-value projects with shorter delivery times should take
What-if scenariosWhat-if scenarios are hypothetical situations project managers create to assess the potential impact of specific events or changes on their projects.
These scenarios help identify risks, understand consequences, and make informed decisions. They are essentially a form of risk assessment and
WireframeA wireframe is a tubular description of a page's interface that concentrates on course allocation and organizes the content, convenient functionalities, and assigned performances. Wireframes usually do not introduce any styling, tone, or graphics for these considerations. Wireframes also support
Work Breakdown Structure (WBS)The Work Breakdown Structure is a process of dividing complex projects into smaller, simpler and manageable tasks. As its name depicts, the WBS is used to break the process of completing a project into smaller steps or milestones. It lets the team focus on a single task rather than worry about the
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X-factorThe X-factor in project management can be likened to the "special sauce" that transforms an average project into a remarkable one.
It goes beyond the conventional project management tools and techniques, delving into intuition, adaptability, and innovation.
X-MatrixThe X-matrix is a visual management tool that aligns strategic goals, actionable objectives, key performance indicators (KPIs), and organizational initiatives.
Also known as "strategy deployment," Hoshin Kanri aims to connect top-level strategic goals with the day-to-day operations of a company.
X-ray risk analysisX-ray risk analysis is an advanced and comprehensive method used in project management to examine risks thoroughly.
It goes beyond traditional risk assessment techniques by adopting a multidimensional perspective like an X-ray machine visualizes structures hidden beneath the surface.
XaaS (Anything as a Service)XaaS is an abbreviation for "Anything as a Service," it encompasses various cloud-based service models that enable businesses to access and utilize a broad spectrum of resources without heavy investments in infrastructure and specialized software.
XML (eXtensible Markup Language)XML, eXtensible Markup Language, is a widely used language designed to structure, store, and transmit data in a human-readable format.
At its core, eXtensible Markup Language relies on a hierarchical structure, employing tags to define elements and their relationships, much like HTML.
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Y-chartThe Y-chart, also known as the "Y-shaped chart" or "Y-balance chart," is a graphical representation used to map the interrelationship between three essential aspects of a project: Time, Cost, and Scope.
These three dimensions form the vertices of the Y-chart, creating a triangle where each side
YAGNI (You Ain't Gonna Need It)YAGNI is rooted in the agile and lean methodologies, emphasizing flexibility and adaptability in project development.
At its core, YAGNI advocates avoiding unnecessary features, functionalities, or processes in a project. This means that project teams should refrain from adding elements that are
Yellow flagIn project management, these flags are used to categorize the current status of different aspects of a project.
A yellow flag is a cautionary indicator. It suggests that there might be potential issues or risks that could impact the project's progress or success if not addressed promptly.
Yield managementYield management, often called revenue management, initially emerged as a strategy within the airline and hotel industries.
Its primary objective was to maximize revenue by dynamically adjusting prices based on various factors such as demand, seasonality, and booking lead times.
Yield rateIn project management, it refers to the proportion of completed and successful deliverables compared to the total number of attempted deliverables or tasks within a project.
It is a key performance indicator that provides insights into the effectiveness of project execution and resource
Yield StrengthYield strength in project management can be defined as when a project encounters challenges, disruptions, or unexpected changes, yet continues to deliver results without derailing or failing—the project's resilience and ability to maintain progress under adverse conditions.
Yoke (Poka Yoke)Yoke, or Poka Yoke, was originally developed by Japanese engineer Shigeo Shingo as a part of the Toyota Production System (TPS), which laid the foundation for lean manufacturing principles.
The core idea behind Yoke is to design processes and systems to prevent or minimize human errors and
YottabyteA Yottabyte is a unit of digital information storage, representing an astounding one quadrillion gigabytes or million trillion megabytes.
To put it in perspective, a Yottabyte can store all the data on the internet many times over, making it one of the largest storage capacities known to humanity.
YTD (Year-to-Date)Year-to-date (YTD) is a financial and project management term widely used to assess performance and track progress over a specified period, typically from the beginning of the fiscal year or project initiation to the present date.
It measures how well a project performs with its goals and
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Zenith pointThe zenith point in project management can be described as the moment when a project reaches its peak efficiency and effectiveness.
Zero defectsZero defects in project management is a philosophy and approach that aims to eliminate errors, defects, and deviations from project plans and objectives.
It requires meticulous planning, vigilant monitoring, and continuous improvement throughout the project lifecycle.
Zero-based budgetingZero-based budgeting (ZBB) is an approach to budgeting where each expense must be justified from scratch for each budgeting period, regardless of previous budgets.
Zigzag pathProject management is often likened to a journey, with a defined start and end point. However, unlike a straight road, the path to successful project completion is more like a zigzag, filled with twists and turns.
Zone of toleranceThe zone of tolerance in project management refers to the range within which project parameters, such as scope, time, cost, and quality, are considered acceptable by stakeholders.
It is the boundary that separates what is acceptable and what is not in the eyes of project stakeholders, including
Zoom-in techniqueThe Zoom-in technique is a strategic approach that involves progressively focusing on specific details within a project while maintaining an awareness of the broader context.
