1. FREE CAPM® Exam Questions – 2024 Updated
This course offers 50 selected practice questions, reflecting the most current format and content for the 2024 CAPM® exam. You’ll not only get instant feedback on your answers but also detailed explanations to ensure you fully understand the rationale behind each question.
2. Glossary of Terms
This resource is a compilation of definitions of terms from PMI® standards, practice guides, and assets in addition to verified third-party sources.
Cross-references to synonymic or similar entries are indicated in bold at the end of an entry.
5 Whys Method
An effective tool for root cause analysis in which the question “Why?” is asked of a problem in succession until the root cause is found. Developed by Sakichi Toyoda, a Japanese inventor and industrialist, the 5 Whys method is an integral part of the Lean philosophy.
80/20 Rule
A general guideline with many applications; in terms of controlling processes, it contends that a relatively large number of problems or defects, typically 80 percent, are commonly due to a relatively small number of causes, typically 20 percent. This rule is also known as Pareto analysis and the results displayed on a Pareto Chart.
100 Percent Rule
A principle stating that the total of the work at the lowest levels of a work breakdown chart (WBS) rolls up to the higher levels. The 100 percent rule ensures that a WBS captures all known scope and project deliverables.
Accept
A strategy for managing negative risks or opportunities that involves acknowledging risk and not taking any action until the risk occurs.
Acceptance Criteria
A set of conditions required to be met before deliverables are accepted.
Accepted Deliverables
Deliverables that meet the acceptance criteria and have been formally signed off and approved by the customer or sponsor as part of the scope validation process.
Active Listening
A communication technique that involves acknowledging the speaker’s message and the recipient clarifying the message to confirm that what was heard matches the message that the sender intended.
Activity
A distinct, scheduled portion of work performed during a project. Activities have a duration, with a beginning and an end. Also known as a schedule activity.
Activity Cost Estimates
Each task is assigned a budget, and the aggregate of these estimates results in the project budget. Activity cost estimates include labor, materials, equipment, and fixed cost items like contractors, services, facilities, financing costs, and so on. This information can be presented in detailed or summarized form.
Activity Dependency
A logical relationship that exists between two project activities. The relationship indicates whether the start of an activity is contingent upon an event or input from outside the activity.
Activity Duration Estimates
Quantitative assessments of the likely number of time periods that are required to complete an activity.
Activity List
A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scope-of-work description so project team members understand what work is to be performed.
Activity Resource Estimates
Material and human resources that are needed to complete an activity; often expressed by a probability or range.
Activity Resource Requirements
The resources (physical, human, and organizational) required to complete the activities in the activity list.
Actual Cost (AC)
Earned value management (EVM) term for the realized cost incurred for the work performed on an activity during a specific time.
Adaptive
A type of project life cycle or methodology that values responding to change over following a set plan. Adaptive methodologies seek solutions that deliver maximum value to the customer.
Administrative Closure
Involves verifying and documenting project results to formalize project or phase completion.
Affinity Diagram
A technique that allows large numbers of ideas to be classified into groups for review and analysis.
Affinity Estimating
A technique designed to rapidly estimate large stories (epics or features) in the backlog. Examples include T-shirt sizes, coffee cup sizes, or a Fibonacci sequence.
Agile
A term used to describe a mindset of values and principles as set forth in the Agile Manifesto. See also Agile Life Cycle, Agile Manifesto, Agile Practitioner, and Agile Principles.
Agile Coach
A process role on a project team that helps organizations achieve true agility by coaching teams across the enterprise on how to apply agile practices and choose their best way of working. See also Scrum Master.
Agile Estimating
An approach that assists with planning a project appropriately from the beginning to ensure the team can focus on the quality of each deliverable.
Agile Life Cycle
An approach that’s both iterative and incremental to refine work items and deliver frequently.
Agile Manifesto
In 2001, a group of 17 software developers met in Snowbird, Utah to discuss
lightweight software development. Based on their experiences, they came up with
the four core values of agile software development that make up the Agile Manifesto: individuals and interactions over processes and tools, working software over comprehensive documentation, customer collaboration over contract negotiation, and responding to change over following a plan.
Agile Practitioner
A person embracing the agile mindset who collaborates with like-minded colleagues in cross-functional teams. Also referred to as an agilist.
Agile Principles
A set of 12 guidelines that support the Agile Manifesto and which practitioners and teams should internalize and act upon.
1. Pursue customer satisfaction by early and continuous delivery of valuable software
2. Welcome changing requirements, even in late development
3. Deliver working software frequently (weeks rather than months)
4. Close, daily cooperation between business and technical people
5. Projects are built around motivated individuals, who should be trusted
6. Face-to-face conversation is the best form of communication (colocation)
7. Working software is the primary measure of progress
8. Sustainable development, able to maintain a constant pace
9. Continuous attention to technical excellence and good design
10. Simplicity is essential
11. Best architectures, requirements, and designs emerge from self-organizing teams
12. Regularly, the team reflects on how to become more effective and adjusts accordingly
Agile Release Planning
A process in which a team determines the number of iterations, or sprints, that are needed to complete each release, the features that each iteration will contain, and the target dates of each release.
Agreements
Any documents or communications that define the initial intentions of a project. Examples include contracts, memorandums of understanding (MOUs), service-level agreements (SLAs), letters of agreement, letters of intent, verbal agreements, emails, or other written agreements.
Ambiguity
A state of being unclear, having difficulty in identifying the cause of events, or having multiple options from which to choose.
Analogous Estimation
A technique for estimating the duration or cost of an activity on a project using historical data from a similar activity or project. Also known as top-down estimating.
Approved Change Requests
Change requests that have been reviewed and approved by the change control board (CCB) and are ready to be scheduled for implementation.
Artifact
Any project management processes, inputs, tools, techniques, outputs, EEFs, and OPAs that the project management team uses on their specific project. They are subject to configuration management and are maintained and archived by the team.
Assumption
A factor in the planning process that’s considered true, real, or certain without proof or demonstration. Anything considered true during planning should be validated. Assumptions are closely linked to constraints.
Audit
An examination of a project’s goals and achievements, including adequacy, accuracy, efficiency, effectiveness, and the project’s compliance with applicable methodologies and regulations. It tends to be a formal, one-sided process that can be extremely demoralizing to team members.
Autocratic
A group decision-making method in which one member of the group makes the decision. In most cases, this person will consider the larger group’s ideas and decisions and will then make a decision based on that input.
Avoid
A strategy for managing negative risks or threats that involves changing the project management plan to remove the risk entirely by extending the schedule, changing the strategy, increasing the funding, or reducing the scope.
Backlog
The prioritized list of all the work, presented in story form, for a project team. See also Iteration Backlog.
Backlog Refinement
The progressive elaboration of project requirements and/or the ongoing activity in which the team collaboratively reviews, updates, and writes requirements to satisfy the need of the customer request.
At a backlog refinement meeting, the backlog is progressively elaborated and (re)prioritized to identify the work that can be accomplished in an upcoming iteration.
Bar Chart
A graphic display of schedule-related information. In a typical bar chart, schedule activities or WBS components are listed down the left side of the chart, dates are shown across the top, and activity durations are shown as date-placed horizontal bars. See also Gantt Chart.
Baseline
Original objectives plus approved change requests for scope, schedule, cost, and resources required to finish the project. Baselines represent the approved plan, and they’re useful for measuring how actual results deviate from the plan.
Benchmarking
The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance.
Bottom-Up Estimating
A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the WBS.
Brainstorming
A simple technique used to generate a list of ideas. It should be led by a facilitator with a group consisting of stakeholders, team members, and subject matter experts. After quickly generating a list of alternatives, the group then performs analysis of the alternatives and generally chooses a particular option for action.
Budget
A time-phased plan for when funds will be disbursed on a project. It helps the organization anticipate when money will be coming in and/or going out for the duration of the project. Budget accuracy is dependent upon a well-defined project scope and schedule. The total project budget is the cost baseline plus management reserves. See also Cost Baseline.
Budget at Completion (BAC)
The sum of all budgets established to provide financial support for the work to be performed.
Buffer
A planning term related to contingency. See also Reserve.
Burn Chart
A tool used to track the progress of a project by plotting the number of days of sprint against the number of hours of work remaining. The burn chart is used to communicate progress during and at the end of an iteration/sprint/increment, showing the number of stores that have been completed and the ones that remain. The concept is that as the project progresses over time, the backlog of work will “burn down,” or lessen.
Burndown Chart
A graphical representation of the work remaining versus the time left in a timebox. A type of burn chart.
Burnup Chart
A graphical representation of the work completed toward the release of a product. A type of burn chart.
Business Case
A value proposition for a proposed project that may include financial and nonfinancial benefits.
Business Requirement
A requirement that describes a higher-level need of the organization, such as a business issue or opportunity, the rationale for why an initiative is being undertaken, and a measurable representation of a goal the business is seeking to achieve.
Business Value
The net quantifiable benefit derived from a business endeavor. The benefit may be tangible, intangible, or both.
Cadence
A rhythm of project work execution. See also timebox and continuous flow.
Cause and Effect Diagram
This diagram shows the relationship between causes and effects. Primarily used in root cause analysis (risk and quality) to uncover the causes of risks, problems, or issues. Also called a fishbone diagram or Ishikawa diagram.
Change Control
Purposeful management of changes to the project (scope, schedule, cost, or quality). In change control, a change request goes through a formal process before an approval or denial is made.
Change Control Board (CCB)
A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating such decisions.
Following a CCB meeting, decisions are recorded and communicated to the appropriate stakeholders. A CCB meeting may also be referred to as a change control meeting.
Change Control Form
A document used to request a project change, including recommendations for corrective or preventive actions. See also Change Request.
Change Log
A living list of all project change requests (CR). This log is used to track and provide accurate status of each CR (requester, owner, details, impact analysis, decision, and so on).
Change Management
A comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to a future state, where they realize desired benefits. Change management is different than project change control, which is a process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, and then approved or rejected.
Change Request (CR)
A request for change sent to upper management or the change control board (CCB) for its evaluation and approval. See also Change Control Form.
Charter
A shortened name for the project charter, a formal document that starts the project. Typically used by the project sponsor and the project manager, this document provides the reason for the project (based on business case) and may include high-level requirements, assumptions, constraints, milestone(s), and a preliminary budget. See also Project Charter.
Checklist
A set of procedural instructions used to ensure that a product or component quality is achieved.
Close Project or Phase Process
The process of finalizing all activities for the project, phase, or contract.
Close-Out Meetings
Sessions held at the end of a project or phase during which teams discuss work and capture lessons learned.
Closing Process Group
One of the five project management Process Groups. It consists of those processes performed to formally complete or close the project, phase, or contract.
Coach
An agile servant leader role that exists to help the team and identify and remove any impediments (obstacles).
Coaching
The act of giving guidance and direction to another person to facilitate personal and/or professional growth and development.
Code of Accounts
A numbering system used to uniquely identify each component of the WBS.
Code of Ethics and Professional Conduct
A PMI -published body of knowledge that describes the ethical, professional behavior and expectations of an individual working as a project practitioner or with PMI in a given capacity.
Collaboration
The act of working together and sharing information to create deliverables, work products, or results.
Collect Requirements Process
The process in which requirements documentation is developed. Precedes the Define Scope process.
Colocation
An organizational placement strategy in which project team members are physically located close to one another to improve communication, working relationships, and productivity.
Communication
The act of accurately encoding, sending, receiving, decoding, and verifying messages. Communication between sender and receiver may be oral or written, formal or informal.
Communication Channels
The number of possible communication paths on a project. The formula for calculating communication channels is [n(n – 1)] ÷ 2; n = number of people on the project.
Communication Method
A systematic procedure, technique, or process used to transfer information among project stakeholders.
Communication Model
A description, analogy, or schematic used to represent how the communication process will be performed for the project.
Communication Requirements Analysis
An analytical technique used to determine the information needs of project stakeholders through interviews, workshops, or a study of lessons learned from previous projects.
Communication Technology
Specific tools, automated systems, computer programs, and so on used to transfer information among project stakeholders.
Communications Management Plan
A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated.
Complexity
A characteristic of a program, project, or its environment that’s difficult to manage due to human behavior, system behavior, or ambiguity.
Compliance
The state of meeting—or being in accord with—organizational, legal, certification, or other relevant regulations.
Conflict
A difference in opinion or agenda among team members, stakeholders, or customers on a project.
Conflict Management
The application of one or more strategies for dealing with disagreements that may be detrimental to team performance.
Conflict Resolution
The process of working to reach an agreement after a conflict arises.
Consensus
A group-decision technique in which the group agrees to support an outcome even if some individuals don’t agree with the decision.
Constraint
An external factor that limits the ability to plan. Constraints and assumptions are closely linked.
Context Diagram
A visual depiction of the product scope showing a business system (process, equipment, computer system, and so on) and how people and other systems (actors) interact with it.
Contingency Plan
A risk-response strategy developed before risks occur; it’s meant to be used if and when identified risks become reality.
Contingency Reserve
Time or money allocated in the schedule or cost baseline for known risks with active response strategies.
Continuous Flow*
Refers to the continuous movement of work through a process. It is based on the principles of Lean and is designed to help teams reduce waste and improve efficiency. In a continuous flow system, work is broken down into small, manageable pieces and continuously moved through the process. This helps to reduce the amount of time that work spends waiting in queues and helps to ensure that work is always moving forward.
One example of a continuous flow system is the Kanban Method. Similar to Flow-Based Agile.
Continuous Improvement (CI)
The ongoing effort to improve products, services, or processes.
Contract
A mutually binding agreement that obligates the seller to provide the specified project, service, or result and obligates the buyer to pay for it.
Control Account
A management control point at which scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement.
Control Charts
A graphic display of process data over time and against established control limits; the display has a centerline that assists in detecting a trend of plotted values toward either control limit. Control charts are often associated with control limits, specification limits, means, and standard deviation. They’re used to analyze and communicate the variability of a process or project activity over time. See also Variability Control Charts.
Control Quality Process
Part of the Monitoring and Controlling Process Group, this process focuses on the quality of deliverables.
Control Resources Process
Part of the Monitoring and Controlling Process Group, this process ensures that the flow and usage of physical resources line up with the plan
Control Scope Process
Part of the Monitoring and Controlling Process Group, this process ensures that changes to scope are properly controlled.
Cost Aggregation
Summing the lower-level cost estimates associated with the various work packages for a given level within the project’s WBS or for a given cost control account.
Cost Baseline
The approved version of the time-phased project budget—excluding any management reserves—which can be changed only through formal change control procedures and is used as a basis for comparison to actual results. See also Budget.
Cost-Benefit Analysis
A financial analysis method used to determine the benefits of a project against its costs.
Cost Forecast
Cost estimates adjusted according to performance—for example, estimate at complete, budget at completion, estimate to complete, and so on.
Cost Management Plan
A component of a project or program management plan that describes how costs will be planned, structured, and controlled.
Cost of Conformance
Cost of conformance refers to the costs associated with preventing poor quality in products, deliverables, or services of a specific project. This includes the following:
- Appraisal costs: Costs related to evaluating, measuring, auditing, and testing products, deliverables, or services of a specific project.
- Prevention costs: Costs related to building a quality product, including training, documenting processes, equipment, and time to do it right.
- Failure costs (internal/external): Costs related to nonconformance of products, deliverables, or services based on the needs or expectations of the stakeholders. This includes rework and scrap.
Cost of Nonconformance
Cost of nonconformance refers to the costs associated with failures found during and after the project due to poor quality in products, deliverables, or services. This includes the following:
- Internal failure costs: Costs related to failures found by the project team, such as rework and scrap.
- External failure costs: Costs related to failures found by the customer, such as liabilities, warranty work, and lost business.
- The cost of nonconformance is a part of the cost of quality, which also includes the cost of conformance.The cost of conformance includes prevention and appraisal costs, while the cost of nonconformance includes waste and rework. Measuring the cost of quality is important for minimizing quality losses and achieving optimal quality costs for projects.
Cost of Quality (CoQ)
All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements.
Cost Performance Index (CPI)
A measure of the cost efficiency of budgeted resources, expressed as the ratio of earned value to actual cost.
Cost Variance (CV)
The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost.
Cost-Benefit Analysis
An analysis that allows project managers to determine if the benefits of an action outweigh the costs, or conversely, if the costs outweigh the benefits. This can be an important criterion in decision-making.
Create WBS Process
A planning process that produces the schedule baseline, which consists of the work breakdown structure (WBS), the WBS dictionary, and the scope statement. (The scope statement is produced from the Define Scope process.)
Critical Path
The sequence of activities that represents the longest path through a project, which determines the shortest possible duration.
Critical Path Activity
Any activity on the critical path in a project schedule.
Critical Path Method (CPM)
A technique of schedule analysis in which schedule activities are evaluated to determine the float or slack for each activity and the overall schedule. To calculate critical path, use the forward and backward pass along with float analysis to identify all network paths, including critical.
Critical Thinking
Critical thinking includes disciplined, rational, logical, evidence-based thinking and requires an open mind and the ability to analyze objectively. Critical thinking, especially when applied to discovery, can include conceptual imagination, insight, and intuition. It can also include reflective thinking and metacognition (thinking about thinking and being aware of one’s awareness).
Project professionals need to recognize bias, identify the root cause of problems, and consider challenging issues, such as ambiguity, complexity, and so forth. Critical thinking helps to accomplish these activities.
Project team members apply critical thinking to:
- Research and gather unbiased, well-balanced information;
- Recognize, analyze, and resolve problems;
- Identify bias, unstated assumptions, and values;
- Discern the use of language and the influence on oneself and others;
- Analyze data and evidence to evaluate arguments and perspectives;
- Observe events to identify patterns and relationships;
- Apply inductive, deductive, and abductive reasoning appropriately; and
- Identify and articulate false premises, false analogy, emotional appeals, and other faulty logic.
Cross-Functional Teams
Teams that have all the capabilities to deliver the work they’re assigned. Team members can specialize in certain skills, but the team can deliver what they’ve been called on to build. See also Self- Organizing Team
Crystal Family of Methodologies
A collection of lightweight, agile software-development methods focused on adaptability to a particular circumstance.
Cultural Awareness
Understanding the cultural differences of the individuals, groups, and organizations in the project stakeholder community to adapt communication strategies that avoid or reduce miscommunication and misunderstandings.
Customer
The individual or organization that will accept the deliverable(s) or product. Customers can be internal organizational groups or external to an organization.
Cycle Time
Refers to the period from the time a team starts a task to the time it’s completed. See also Lead Time.
Daily Coordination Meeting
See Daily Standup
Daily Standup
A brief—typically 15-minute—collaboration meeting during which the project team reviews its progress from the previous day, declares intentions for the current day, and highlights any obstacles encountered or anticipated. This meeting may also be referred to as a daily scrum or standup. See also Daily Coordination Meeting.
Data
Refers to gathered empirical information, especially facts and numbers.
Data Analysis
The act of scrutinizing facts and numbers for typical purposes of decision-making, verifying, validating, or assessing.
Data Gathering
Techniques used to solicit and document ideas—for example, brainstorming, interviews, focus groups, questionnaires, surveys, and so on.
Data Representation
A way of depicting data visually to aid in its communication and comprehension.
Decision-Making
The process of selecting a course of action from among multiple options.
Decision Tree Analysis
A diagramming and calculating technique for evaluating the implications of a chain of multiple options in the presence of uncertainty.
Decomposition
A technique used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts.
Define Activities Process
Part of the Planning Process Group, this process defines the activities (tasks) necessary to complete work packages/stories.
Define Scope Process
Part of the Planning Process Group, this process produces the scope statement, which depicts a detailed and complete understanding of the project’s vision.
Definition of Done (DoD)
A team’s checklist of all the criteria required to be met so that a deliverable can be considered ready for customer use.
Definition of Ready (DoR)
A team’s checklist for a user-centric requirement that has all the information the team needs to begin working on it.
Deliverable
Any unique and verifiable product, result, or capability that’s used to perform a service and is required to be produced to complete a process, phase, or projects.
Demo
A review at the end of each iteration with the product owner and other customer stakeholders to review the progress of the product, get early feedback, and review an acceptance from the product owner of the stories delivered in the iteration. See also Iteration Review or Sprint Review.
Dependency
A relationship between one or more tasks/activities. A dependency may be mandatory or discretionary, internal or external. See also Start-to-Start, Start- to-Finish, Finish-to-Start, and Finish-to-Finish.
Determine Budget Process
Part of the Planning Process Group, this process produces the cost baseline/project budget.
Develop Project Charter
Part of the Initiating Process Group, this process produces the project charter, which officially starts the project.
Develop Project Management Plan Process
A planning process made up of 19 components that guides to how a project will be managed.
Develop Schedule Process
Part of the Planning Process Group, this process arranges activities to create the schedule baseline.
Develop Team Process
Part of the Executing Process Group, this process enhances and empowers the team to improve teamwork and individual skills.
Diagramming Techniques
Various means of depicting a system or virtual concept, such as a business or process flow, that indicate entities, relationships, and interactions.
Direct and Manage Project Work Process
An Executing process that reviews the entire project and analyzes planned versus actual (with schedule forecast and cost forecast as an input) to determine the overall project status.
Document Analysis
A technique used to gain project requirements from current document valuation.
Duration
The amount of time needed to complete an activity/task or work package.
Earned Value (EV)
A measure of work performed expressed in terms of the budget authorized for that work.
Earned Value Analysis (EVA)
An analysis method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project.
Earned Value Management (EVM)
A methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
EEF
Any or all environmental factors, either internal or external to the project, that can influence the project’s success. Enterprise environmental factors (EEFs) include culture, weather conditions, government regulations, political situations, market conditions, and so on.
Effort
The number of labor units required to complete a scheduled activity or WBS component, often expressed in hours, days, or weeks.
Emotional Intelligence (EI)
The ability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people. EQ (emotional quotient) is also a commonly used abbreviation.
Empathy
Part of emotional intelligence (EQ or EI), this is the ability to understand others’ viewpoints and be a team player. It enables us to connect with others and understand what moves them.
Empowerment
An essential attribute of agile teams to enable localized decision-making capabilities. Empowerment is the quality of granting, nurturing, or motivating a team member or team to exercise their own knowledge, skill, and ability.
Enhance
A strategy for managing positive risks or opportunities that involves increasing the probability that the opportunity—or the impact it will have—will happen by identifying and maximizing enablers of these opportunities.
Epic
A block of work with one common objective, such as a feature, customer request, or business requirement. A helpful way to organize work and create a hierarchy, epic helps teams break their work down while continuing to work toward a larger goal.
Escalate
The act of seeking helpful intervention in response to a threat outside the scope of the project or beyond the project manager’s authority.
Estimate
A number, figure, or representation that denotes cost or time.
Estimate Activity Durations Process
A planning process that determines the estimate time needed to complete a work package and/or activity.
Estimate Activity Resources Process
Part of the Planning Process Group, this process estimates the materials and human resources needed to perform the project activities.
Estimate at Completion (EAC)
The expected total cost of completing all work, expressed as the sum of the actual cost to date and the estimate to complete.
Estimate Costs Process
Part of the Planning Process Group, this process determines the financial estimate for each work package and/or activity.
Estimate to Complete (ETC)
The expected cost of finishing all the remaining project work.
Executing Process Group
One of the five Project Management Process Groups. It consists of those processes performed to complete the work defined in the project management plan to satisfy the project requirements.
Exit Gate
Logical point at the end of a project phase at which an independent party and/or relevant stakeholder reviews that phase’s deliverables to determine whether they were completed successfully and whether the subsequent project phase should be initiated. Used in predictive or traditional projects. See also Kill Point.
Expected Monetary Value (EMV)
A quantitative method of calculating the average outcome when the future is uncertain. The calculation of EMV is a component of decision tree analysis. Opportunities will have positive values, and threats will have negative values.
Expert Judgment
Judgment based upon expertise in a given application area, knowledge area, discipline, or industry. Such expertise may be provided by any group or person with specialized education, knowledge, skill, experience, or training.
Explicit Knowledge
Knowledge that can be codified using symbols such as words, numbers, and pictures. This type of knowledge is easily documented and may be shared with others.
Exploit
A strategy for managing positive risks or opportunities that involves attempting to make sure that the opportunity happens.
Extreme Programming (XP)
Agile methodology used for software development in which iterations last for one week and programmers work in pairs.
Facilitated Workshops
Organized working sessions held by project managers to determine a project’s requirements and to get all stakeholders together to agree on the project’s outcomes.
Facilitation
A skill used to lead or guide an assembled group toward a successful conclusion, such as making a decision or finding a solution.
Feature
A group of stories that delivers value to the customer.
Fibonacci Sequence
A mathematical sequence in which the value of each number is derived from the sum of the two preceding numbers (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 … ). Used in agile estimating or relative estimating techniques, such as planning poker. Simplified sequence: 0, 1, 2, 3, 5, 8, 13, 20, 40, 100.
Final Report
A summary of the project’s information regarding performance, scope, schedule, quality, cost, and risks.
Finish-to-Finish (FF)
A logical relationship in which a successor activity can’t finish until a predecessor activity has finished.
Finish-to-Start (FS)
A logical relationship in which a successor activity can’t start until a predecessor activity has finished.
Fishbone Diagram
See Cause and Effect Diagram.
Float
Also called slack. See Total Float and Free Float.
Flow-Based Agile*
An agile methodology that focuses on optimizing the flow of work through the development process. It is based on the principles of Lean and Kanban and is designed to help teams improve their efficiency and productivity.
Similar to Continuous Flow.
Focus Groups
An elicitation technique that brings together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product, service, or result.
Forward Pass
Technique for calculating the early start and early finish dates of the schedule activities. This is part of the critical path method and is paired with backward pass to determine activity and schedule float along with the critical path. See also “Backward Pass”.
Functional Manager
A supervisory, organizational role in a specialized area or department.
Functional Organization
An organizational structure in which staff are grouped by specialization areas and the project manager has limited authority to assign work and apply resources.
Functionality
In an agile context, an action that the system performs that adds value to the customer/user.
Gantt Chart
A bar chart of schedule information on which activities are listed on the vertical axis, dates are shown on the horizontal axis, and the activity durations are shown as horizontal bars placed according to start and finish dates.
Generalizing Specialist
Refers to a project team member who has a particular area of deep expertise but also has experience in many other areas that may not be directly related to their core area. These team members are valuable during agile projects because of their ability to work in different areas.
Group Decision Techniques
Teamworking techniques to move a group toward consensus or decision. Examples are unanimity, majority, plurality, and dictatorship.
Growth Mindset
As conceived by Stanford psychologist Carol Dweck and her colleagues, this is the belief that a person’s capacities and talents can be improved over time.
Ground Rules
Expectations regarding acceptable behavior by project team members.
Herzberg’s Motivation-Hygiene Theory
In 1959, behavioral scientist Frederick Herzberg proposed that “hygiene,” or environmental factors, can cause workers to feel satisfied or unsatisfied with their jobs, and these factors affect their performance. The theory also proposes that a worker’s independent drive associated with motivation also affects performance, and that workers respond to feelings of connection with their work. Therefore, leaders should encourage workers to accept more authority as well as promote feedback. Also known as Two-Factor Theory, Herzberg’s Motivation Theory, and Dual Structure Theory.
Histogram
A bar or column chart that graphically represents numerical data—for example, the number of defects per deliverable, a ranking of the cause of defects, the number of times each process is noncompliant, or other representations of project or product defects.
Historical Information
Archived information from previous projects that can be used for various reasons, including estimating cost, schedule, resources, and lessons learned.
Identify Risks
Performed throughout the project, this is the process of identifying individual project risks as well as sources of overall project risk and documenting their characteristics. The key benefit of this process is the documentation of existing individual project risks and the sources of overall project risk. The process also brings together information so the project team can respond appropriately to identified risks.
Identify Stakeholders
Performed periodically throughout the project as needed, this is the process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success. The key benefit of this process is that it enables the project team to identify the appropriate focus for engagement of each stakeholder or group of stakeholders.
Impediment
An obstacle that prevents the team from achieving its objectives.
Implement Risk Response Process
art of the Executing Process Group, this is the process of implementing agreed- upon risk-response plans. The key benefit of this process is that it ensures that agreed-upon risk responses are executed as planned to address overall project risk exposure, minimize individual project threats, and maximize individual project opportunities. This process is performed throughout the project.
Increment
A functional, tested, and accepted deliverable that’s a subset of the overall project outcome.
Incremental Delivery
An agile concept that functionality should be delivered in small pieces or stages rather than as a complete solution.
Incremental Life Cycle
An adaptive project life cycle in which the deliverable is produced through a series of iterations that successively add functionality within a predetermined timeframe. After the final iteration, the deliverable contains the necessary and sufficient capability to be considered complete.
Influence/Impact Grid
Used in stakeholder management. A classification model that groups stakeholders on the basis of their involvement in and impact on the project. See also Power/Influence Grid.
Information
Data that has been analyzed, organized, and processed to make it more meaningful.
Information Management
A system that allows the team to collaborate, share, and capture project work.
Information Radiator
The generic term for visual displays placed in a visible location so everyone can quickly see the latest information. Also known as Big Visible Chart in agile.
Initiating Process Group
One of the five Project Management Process Groups. It includes the process(es) performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
Input
Something needed or used by a process to create the process output.
Inspection
Reviewing the functionality or suitability of a product, service, or result against the plan (requirements/story).
Interactions
In an agile context, this generally refers to face-to-face conversations between members, customers, and stakeholders.
Interactive Communication
An exchange of information between two or more individuals that ensures common understanding for everyone participating in that exchange.
Internal Rate of Return (IRR)
The interest rate that makes the net present value of all cash flow equal to zero. This rate is a function of the cost of capital for project implementation.
Interpersonal Skills
Skills used to establish and maintain relationships with other people or stakeholders.
Interview
A formal or informal approach to elicit information from stakeholders by talking with them directly.
INVEST
Acronym describing the desirable attributes of a good story. Stands for: Independent, Negotiable, Valuable, Estimable, Small, and Testable.
Ishikawa Diagram
See Cause and Effect Diagram.
Issue
A current condition or situation that may have an impact on the project objectives.
Issue Log
Used to record and monitor information on active issues. Issues are assigned to a responsible party for follow-up and resolution.
Iteration
A timeboxed cycle of development on a product or deliverable in which all the work needed to deliver value is performed.
Iteration Backlog
The work committed to during a given iteration and that’s expected to burn down the duration. This work doesn’t carry over to the next iteration.
Iterative Life Cycle
A project life cycle in which the project scope is generally determined early in the project life cycle, but time and cost estimates are routinely modified as the project team’s understanding of the product/service increases. Iterations progressively develop the product/service through a series of repeated cycles, while increments successively add to the functionality of the product/service.
Iteration Planning
An iteration planning meeting is used to clarify the details of backlog items, acceptance criteria, and the work effort required to meet an upcoming iteration commitment. This meeting may also be referred to as a sprint planning meeting.
Iteration Review
An iteration review is held at the end of an iteration to demonstrate the work that was accomplished during the iteration. This meeting may also be referred to as a sprint review.
Kaizen
A management concept adapted by the project management community that refers to project activities that continuously improve all project processes. Kaizen usually involves all stakeholders; the concept originated in Japan and generally involves “change for the better” or “continuous improvement.”
Kanban
Japanese management philosophy that means “signal.” This philosophy focuses on promoting visibility of the work in process (WIP) and limiting the amount of WIP that the team allows.
Kanban Board
A visualization tool that enables improvements to the flow of work by making bottlenecks and work quantities visible. It’s a popular framework, used to implement agile and DevOps software development. Also referred to as a signboard.
Kano Model
A mechanism, derived from the customer marketing industry, to understand and classify all potential customer requirements or features into four categories.
Key Performance Indicator (KPI)
A set metric used to evaluate a project, an organizational unit, or a project team’s performance against the project vision and objectives. KPI can be time-bound.
Kickoff
A kickoff meeting is a gathering of project team members and other key stakeholders at the outset of a project to formally set expectations, gain a common understanding, and commence work. It establishes the start of a project, phase, or iteration.
Kill Point
The stage gate or phase review point. At this point, the progress of the project is evaluated, and a decision is made to continue or cancel the project. A set of criteria may be developed to assist with the decision. See also Exit Gate.
Knowledge Management
A business area dedicated to connecting individuals to shared knowledge and general collaboration on project work. The modality used for connection can be face-to-face and/or virtual.
Lag
Refers to the amount of time whereby a successor activity will be delayed with respect to a preceding activity on the critical path.
Late Finish
The latest date an activity can finish without delaying the finish of the project.
Late Start
The latest that a project activity can start without having to reschedule the calculated early finish of the project.
Lead
The amount of time whereby a successor activity can be advanced with respect to a predecessor activity.
Leadership
The ability to guide others to achieve results. Leadership abilities are gained through experience, building relationships, and taking on initiatives.
Leading
The act of establishing direction, aligning the team to a vision, and inspiring/motivating them to achieve a project’s objectives.
Lead Time
Refers to the period from the time the team places a task on the board until delivery. Because the order of items in the Ready column can be changed, this can be unpredictable. See also Cycle Time.
Lean
An agile method used primarily in manufacturing that focuses on achieving outcomes with little or no waste.
Lessons Learned
The knowledge gained during a project that shows how project events were addressed or should be addressed in the future for the purpose of improving performance.
Lessons Learned Register
A project document used to record knowledge gained during a project. The knowledge attained can be used in the current project and entered into the lessons learned repository for subsequent use.
Lessons Learned Repository
A central store of historical lessons learned information from various projects across jurisdictions.
Logical Relationship
Those relations between the elements of discourse or thought that constitute its rationality, in the sense either of reasonableness or intelligibility.
Majority
A group decision-making method in which a course of action is agreed upon by a predefined quorum.
Manage Communications
The process of creating, collecting, distributing, storing, retrieving, and the ultimate disposition of project information in accordance with the communications management plan defined within the project.
Manage Project Knowledge
The process of using existing knowledge and creating new knowledge to achieve project objectives and contribute to organizational learning. The process must include tools that allow the conversion of data into information and information into knowledge.
Manage Project Quality
The process of continually measuring the quality of all activities and taking corrective action until the desired quality is achieved. Quality management lowers the risk of product/service failure or unsatisfied clients.
Manage Project Team
The process of tracking team member performance, providing feedback, resolving issues, and managing team changes to optimize project performance. The key benefits of this process are that it influences team behavior, manages conflict, resolves issues, and appraises team member performance.
Manage Stakeholder Engagement Process
The process of communicating and working with stakeholders to meet their needs/expectations, address issues as they occur, and foster appropriate stakeholder engagement in project activities throughout the project life cycle.
Management Reserve
An amount of the project budget held outside of the performance measurement baseline (PMB) for management control purposes, reserved for unforeseen work that’s within the scope of the project. The management reserve, usually 5 to 10% of the project budget, shouldn’t be confused with the contingency reserve.
Managing
The exercise of executive control or authority.
Maslow’s Hierarchy of Needs
A theory of psychology explaining human motivation based on the pursuit of different levels of needs. The theory states that humans are motivated to fulfill their needs in a hierarchical order. This order begins with the most basic needs before moving on to more advanced needs. The goal, according to this theory, is to reach the fifth level of the hierarchy: self-actualization.
Matrix Organization
An organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and for directing the work of individuals assigned to the project.
Metric
A description of a project or product attribute and how to measure it.
Milestone
A specific point within a project life cycle used as a measure in progress toward the ultimate goal. A milestone marks a specific point along a project timeline. The point may signal anchors such as a project start and end date, a need for external review, or input and budget check. It’s represented as a task of zero duration and is displayed as an important achievement in a project.
Milestone Charts
A graphical representation of milestones. This is a type of project schedule bar chart that only includes milestones or major deliverables and their corresponding points in time.
Milestone List
Refers to an input or an output of various processes. A document that contains the milestones of a project.
Mind Mapping
A graphic technique used to consolidate ideas from individual brainstorming sessions into a single map. The map display is used to reflect similarities and differences and helps to understand new ideas.
Minimum Business Increment (MBI)
The smallest amount of value that can be added to a product or service that benefits the business.
Minimum Viable Product (MVP)
The smallest collection of features that can be included in a product for customers to consider it functional. In lean methodologies, MVP can be referred to as “bare bones” or “no frills” functionality.
Mitigate
A strategy for managing negative risks or threats that involves taking action to reduce the probability of the occurrence or impact of a risk.
Monitor and Control Project Work
Performed throughout the project, this is the process of tracking, reviewing, and reporting overall progress to meet the performance objectives defined in the project management plan. The key benefits of this process are that it allows stakeholders to understand the current state of the project, recognize the actions taken to address any performance issues, and foresee future project status with cost and schedule forecasts.
Monitor Communications Process
This process determines if the planned communications artifacts and activities have had the desired effect of increasing or maintaining stakeholders’ support for the project’s deliverables and expected outcomes.
Monitor Risks
The process of monitoring the implementation of agreed-upon risk response plans, tracking identified risks, identifying and analyzing new risks, and evaluating risk process effectiveness throughout the project. The key benefit of this process is that it enables project decisions to be based on current information about overall project risk exposure and individual project risks.
Monitor Stakeholder Engagement Process
Performed throughout a project, this is the process of monitoring project stakeholder relationships and tailoring strategies for engaging stakeholders through modification of engagement strategies and plans. The key benefit of this process is that it maintains or increases the efficiency and effectiveness of stakeholder engagement activities as the project evolves and its environment changes.
Monitoring and Controlling Process Group
One of the five Project Management Process Groups. It consists of those processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes.
Moscow Analysis
A prioritization technique used in management, business analysis, project management, and software development to reach a common understanding with stakeholders on the importance they place on the delivery of each requirement; it’s also known as “MoSCoW prioritization” or “MoSCoW analysis.”
Motivation
The inner drive or external encouragement that keeps people involved and wanting to complete work of high quality in a timely fashion.
Multicriteria Decision Analysis
A technique that utilizes a decision matrix to provide a systematic, analytical approach for establishing criteria—such as risk levels, uncertainty, and valuation— to evaluate and rank many ideas.
Needs Assessment
An investigation that involves understanding business goals and objectives, issues, and opportunities and recommending proposals to address them. A needs assessment often precedes the business case, and the results of the needs assessment may be summarized in the business case document.
Negotiation
An approach used by more than one individual or group to come to an agreement or resolution that’s mutually agreed by all parties.
Net Present Value (NPV)
The difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the financial viability of a projected investment or project.
Network Diagram
A graph that shows the activities, duration, and interdependencies of tasks within a project.
Node
Represents the start or end of an activity in a sequence.
Nominal Group Technique
A technique that enhances brainstorming with a voting process, used to rank the most useful ideas for further brainstorming or for prioritization.
Nonfunctional Requirements (NFRs)
A term from agile software development. NFRs define system attributes such as security, reliability, performance, maintainability, scalability, and usability. They serve as constraints or restrictions on the design of the system across backlogs.
Nonverbal Communication
The use of body language and other means besides speaking—posture, gestures, dress and appearance, facial expressions, and the like—to communicate.
Observations
Techniques used to gain knowledge of a specific job role, task, or function to understand and determine project requirements. See Job Shadowing.
Opportunity
A risk that, if developed, could create a positive effect on one or more project objectives.
Opportunity Cost
A concept applied to quantify the missed opportunity when deciding to use a resource (such as investment dollars) for one purpose rather than another. Alternately, opportunity cost is the loss of potential future return from the second-best unselected project. In other words, it’s the opportunity (potential return) that won’t be realized when one project is selected over another.
Organizational Chart
A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. Typically, this diagram visually conveys a company’s internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity.
Organizational Culture
The underlying beliefs, assumptions, values, and behaviors that contribute to and define the unique social and psychological environment of an organization.
Organizational Process Assets (OPA)
Refers to all the implicit input or assets on processes used by an organization in operating a business. This may include business plans, processes, policies, protocols, and knowledge.
Organizational Theory
The study of how people, teams, and organizations behave. It’s part of the search for common themes to maximize efficiency and productivity, problem solving, and meeting the stakeholder requirements of a project.
Output
A product, result, or service generated by a process. May be an input to a successor process.
Outsourcing
Moving beyond the organization to secure services and expertise from an outside source on a contract or short-term basis.
Paired Comparison*
A technique used to compare a number of different elements in pairs to assess their relative importance to each other. This technique is often used to prioritize a small number of elements when there is no objective data available. The process involves comparing each element with every other element and assigning a score to each comparison. The scores from the paired comparisons are then summed up, and the resulting score permits the classification of the elements in order of importance.
Parametric Estimation
An estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. This technique is scalable and linear.
Pareto Analysis
Pareto analysis is a technique used to identify the most significant factor among a set of data. It is a special form of vertical bar chart, also known as a Pareto diagram or Pareto chart, that emphasizes the 80/20 rule, where 80% of problems can be related back to 20% of the causes. The vertical axis can depict any category of information that is important to the product team, such as cost or frequency, while the horizontal axis displays the categories of data being measured, such as types of problems or cause categories. The data results are displayed in descending order, which easily draws attention to the problems, causes, or costs that have the greatest significance and thereby require the most attention.
Pareto Chart
A bar graph that visually represents the most significant or prevalent causes of problems. See also 80/20 Rule.
Path
The sequence of project network activities.
Payback Period
The interval required to amass via profit or value the initial investment made for a project.
Perform Integrated Change Control
The process of reviewing all change requests, approving changes, and managing changes to deliverables, project documents, and the project management plan. These decisions are communicated to stakeholders.
Perform Qualitative Risk Analysis
A process used to identify individual risks by looking at how likely they are to happen (probability of occurrence) and how bad they would be for the project if they did happen (impact).
Perform Quantitative Risk Analysis
The process of numerically analyzing the effect of identified risks on overall project objectives.
Persona
An imaginary person or identity created by the team to model interactions with the system to gather requirements.
Phase
Refers to a collection of activities within a project. Each project phase is goal- oriented and ends at a milestone.
Phase Gate
A review at the end of a phase in which a decision is made to continue to the next phase, continue with modification, or end the project or program.
Plan Communications Management
Performed periodically as needed, throughout a project, this is the process of developing an appropriate approach and plan for project communications activities based on the information needs of each stakeholder or group, available organizational assets, and the needs of the project. The key benefit of this process is a documented approach to engage stakeholders effectively and efficiently by presenting relevant information promptly.
Plan Cost Management
Performed once or at predefined points in the project, this is the process of defining how the project costs will be estimated, budgeted, managed, monitored, and controlled. The key benefit of this process is that it provides guidance and direction on how project costs will be managed throughout the project.
Plan Quality Management
Performed once or at predefined points in the project, this is the process of identifying quality requirements and/or standards for the project and its deliverables and documenting how the project will demonstrate compliance with quality requirements and/or standards. The key benefit of this process is that it provides guidance and direction on how quality will be managed and verified throughout the project.
Plan Resource Management
Performed once or at predefined points in the project, this is the process of defining how to estimate, acquire, manage, and use team and physical resources. The key benefit of this process is that it establishes the approach and level of management effort needed for managing project resources based on the type and complexity of the project.
Plan Risk Management
Performed once or at predefined points in the project, this is the process of defining how to conduct risk management activities for a project. The key benefit of this process is that it ensures that the degree, type, and visibility of risk management are proportionate to both risks and the importance of the project to the organization and other stakeholders.
Plan Schedule Management
Performed once or at predefined points in the project, this is the process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule. The key benefit of this process is that it provides guidance and direction on how the project schedule will be managed throughout the project.
Plan Scope Management
Performed once or at predefined points in the project, this is the process of creating a scope management plan that documents how the project and product scope will be defined, validated, and controlled. The key benefit of this process is that it provides guidance and direction on how scope will be managed throughout the project.
Plan Stakeholder Engagement Process
Performed periodically throughout the project as needed, this is the process of developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project. The key benefit is that it provides an actionable plan for interacting effectively with stakeholders.
Planned Value (PV)
The approved value of the work to be completed for a specific time period.
Planning Poker
Agile exercise to help the team estimate work.
Planning Process Group
One of the five Project Management Process Groups. It consists of those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve.
PMBOK®
PMBOK® stands for Project Management Body of Knowledge. It includes the entire collection of processes, best practices, terminologies, and guidelines that are accepted as standard within the project management industry.
PMBOK® Guide
A Guide to the Project Management Body of Knowledge (PMBOK® Guide) is the Project Management Institute’s flagship publication, representing standards in the business area of project management. It’s currently in its Seventh Edition.
Political Awareness
The ability to recognize the power structure internal to the organization, and the ability to navigate relationships within it.
Portfolio
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
Portfolio Management
The centralized management of one or more portfolios to achieve strategic objectives.
Power/Interest Grid
A classification model that groups stakeholders on the basis of their levels of authority and interest in the project.
Precedence Diagramming Method (PDM)
A technique used to create the network diagram. It constructs a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed.
Precedence Relationship
A logical dependency used in a precedence diagramming method (PDM).
Predictive Life Cycle
Project management approach in which activities are completed in a distinct or linear fashion, and a new phase begins only when the previous phase is completed. Value is delivered at the project’s completion in the form of deliverables. See Waterfall.
Preventive Action
Action taken to proactively prevent or avoid anticipated problems. This is closely tied to risk management.
Prevention
A concept in quality management indicating that quality can’t be inspected into a product but should be planned for from the start to avoid problems.
Probability and Impact Matrix
A grid for mapping the probability of each risk occurrence and its potential impact on project objectives.
Process Flow Diagram
A visual representation of the steps involved in a process or workflow. It is used to identify the sequence of events and the relationships between different steps in a process. The diagram typically includes the following elements:
- Process steps: The individual steps involved in the process, usually represented as boxes or rectangles.
- Decision points: Points in the process where a decision must be made, usually represented as diamonds.
- Inputs and outputs: The data or materials that are required for each step in the process, and the results or outputs of each step.
- Flow lines: The arrows that connect the process steps and decision points, indicating the sequence of events.
- Process flow diagrams are commonly used in business analysis and process improvement projects to identify inefficiencies and opportunities for improvement. They can also be used to communicate complex processes to stakeholders in a clear and concise manner.
Process Manager
A business role that oversees and optimizes business processes to improve efficiency and productivity for an organization. The role seems to have originated within the IT industry but is applicable elsewhere.
Process Owner
A business role responsible for a specific process within an organization. In Lean Six Sigma applications, a process owner is an individual who assumes responsibility for the end-to-end management of a specific process.
Procurement Strategy
A buyer’s approach in determining the project delivery method and the type of legally binding agreement(s) for delivering the desired results.
Product
An artifact that’s produced, quantifiable, and can be either an end item in itself or a component item. See also Deliverable.
Product Backlog
A Scrum term, this is a prioritized list of customer requirements that will improve a product/service. The backlog represents the single source for work.
Product Owner
An individual or organization responsible for gathering inputs about a product from the customer and translating the requirements into the product vision for the team and stakeholders.
Product Life Cycle
A series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.
Product Management
The integration of people, data, processes, and business systems to create, maintain, and evolve a product or service throughout its life cycle.
Product Manager
A professional role responsible for developing products for an organization, known as the practice of product management. Product managers own the strategy behind a product (physical or digital), specify its functional requirements, and manage feature releases. Product managers also coordinate work done by many other functions—for example, software engineers, data scientists, and product designers—and are ultimately responsible for product outcomes. This term also refers to technology professionals who focus on the vision for a product or service.
Product Roadmap
A high-level visual summary of the product or products of the project that includes goals, milestones, and potential deliverables.
Product Scope
The functions and features that characterize a product or a service.
Program
Related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually. A project may or may not be part of a program, but a program will always have projects.
Program Management
The application of knowledge, skills, and principles to a program to achieve program objectives and obtain benefits and control not available from managing program components individually.
Progressive Elaboration
The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.
Project
A temporary endeavor undertaken to create a unique product, service, or result.
Project Artifact
Any document related to the management of a project.
Project Calendar
Specifies the working and nonworking days and times for project activities.
Project Charter
A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Project Coordinator
A project coordinator handles administrative tasks for the project manager and team members to manage a project effectively and efficiently. Tasks may include procuring project resources such as equipment and supplies, managing deadlines, workflow, and scheduling project meetings and other appointments on the project team’s behalf.
Project Documents
Any documents that are prepared in support of a project—for example, requirements, specifications, contracts with vendors, design documents, test plans, and publications that will be delivered to the client along with the final product.
1. Activity attributes
2. Activity list
3. Assumption log
4. Basis of estimates
5. Change log
6. Cost estimates
7. Cost forecasts
8. Duration estimates
9. Issue log
10. Lessons learned register
11. Milestone list
12. Physical resource assignments
13. Project calendars
14. Project communications
15. Project schedule
16. Project schedule network diagram
17. Project scope statement
18. Project team assignments
19. Quality control measurements
20.Quality metrics
21. Quality report
22. Requirements documentation
23. Requirements traceability matrix
24. Resource breakdown structure
25. Resource calendars
26. Resource requirements
27. Risk register
28. Risk report
29.Schedule data
30.Schedule forecasts
31. Stakeholder register
32. Team charter
33.Test and evaluation documents
Project Expeditor
Role or position on a project team that works as an assistant and coordinates communications on the team’s behalf. Individuals performing this role can’t make or enforce decisions but can communicate with contractors or suppliers of project resources to ensure the timely delivery of materials.
Project Funding
The means by which the money required to undertake a project, program, or portfolio is secured and then made available.
Project Funding Requirements
Budgetary requirements that specify when funds will be needed for the project.
Project Governance
The framework, functions, and processes that guide project management activities to create a unique product, service, or result to meet organizational, strategic, and operational goals.
Project Life Cycle
The series of phases that a project passes through from its start to its completion.
Project Management
The application of knowledge, skills, tools, and techniques to project activities to fulfill a project plan.
Project Management Institute (PMI®)
A professional membership association for project managers.
Project Management Office (PMO)
A management structure that standardizes project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques. PMOs are more common in larger organizations because of the larger number of projects that can be in process at once.
Project Management Plan
The document that describes how a project will be executed, monitored and controlled, and closed.
Project Management Process
A systematic series of activities directed toward causing a result such that one or more inputs will be acted upon to create one or more outputs.
PMI lists 49 processes related to predictive project development approaches. They’re mapped to process groups and project management knowledge areas, as shown below.
Reference: Process Groups: A Practice Guide, Table 1-1, page 556
Project Management Process Groups
Refers specifically to five logic-oriented groupings of project management processes.
- Initiation
- Planning
- Executing
- Monitoring and Controlling
- Closing
Project Manager
The person assigned by the performing organization to lead the team responsible for achieving project goals and objectives.
Project Meetings
In-person or virtual communication events held with stakeholders that are intended to generate group decisions; participants discuss issues, create proposals, and approve or reject offers. This process contributes to achieving quicker project deliverables, planned goals, and expected results. Project meetings are an effective method of distributing information and communicating with the team and stakeholders.
Project Methodology
A system of principles, practices, techniques, procedures, and rules used by those who manage projects.
Project Performance Domains
Groups of related activities that are critical to the effective delivery of project outcomes. Project performance domains are interactive, interrelated, and interdependent areas of focus that work in unison to achieve desired outcomes. There are eight project performance domains:
1.Stakeholders
2.Team
3.Development Approach and Life Cycle
4.Planning
5.Project Work
6.Delivery
7.Measurement
8.Uncertainty
Project Phase
A collection of logically related project activities that culminates in the completion of one or more deliverables. A phase has a set of goals and objectives, and attainment of these goals/objectives triggers a milestone.
Project Plan
Defines project goals and objectives, specifying tasks and methodology. A plan identifies the required resources, associated budgets, and timelines for completion. A project plan is expected to define all works in a project—human resources as well as other resources required to execute the plan.
Project Requirements
The agreed-upon conditions or capabilities of a product, service, or outcome that a project is designed to satisfy. See also Requirements.
Project Schedule
An output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources.
Project Schedule Network Diagram
A graphic representation of the logical relationships among project schedule activities. This is an output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources. See also Network Diagram.
Project Scope
The features, functions, and works that characterize the delivery of a product, service, and/or result.
Project Scope Statement
The description of the project scope, major deliverables, assumptions, and constraints.
Project Sponsor
A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success. See also Sponsor.
Project Team
A set of individuals performing the work of the project to achieve its objectives.
Projectized Organization
A structure in which a project manager and a core project team operate as a separate organizational unit within the parent organization.
Prototypes
A method of obtaining early feedback on user requirements by building a working model of the expected product. Prototypes can be used to solicit aesthetics, functionalities, and so on. Several iterations may be displayed.
Psychological Safety
Being able to show and employ oneself without fear of negative consequences toward status, career, or self-worth—in other words, we should be comfortable being ourselves in our working setting
Pull Communications
Messages that require interested people to access the information through their own initiative.
Push Communications
Messages that are sent out to people who need to receive the information.
Qualitative Risk Analysis
A technique used to determine the probability of occurrence and the impact of identified risk.
Quality
The degree to which a set of inherent characteristics fulfills requirements.
Quality Audit
A structured, independent process to determine if project activities comply with organizational and project policies, processes, and procedures.
Quality Management Plan
A component of the project or program management plan that describes how applicable policies, procedures, and guidelines will be implemented to achieve the quality objectives.
Quality Metric
A description of a project or product attribute and how to measure it.
Quality Policy
The basic principles that should govern an organization’s actions as it implements its system for quality management.
Quality Report
A project document that includes quality management issues, recommendations for corrective actions, and a summary of findings from quality control activities and may include recommendations for process, project, and product improvements.
Questionnaires
Written sets of questions designed to quickly gather information from many respondents.
RACI Chart
Stands for Responsible, Accountable, Consulted, and Informed. A common type of responsibility assignment matrix (RAM) that uses responsible, accountable, consulted, and informed statuses to define the involvement of stakeholders in project activities.
Recognition
A personalized, intangible, and experiential event that focuses on behavior rather than outcome.
Regulations
Requirements imposed by a governmental body. Regulations can establish product, process, or service characteristics, including applicable administrative provisions with government-mandated compliance.
Relative Estimating
Also called sizing. The process of estimating stories or backlog tasks in relation to each other instead of in units of time.
Release*
Refers to the release of a solution or part of a solution into a production environment while the development team is still responsible for it. It may also refer to the release of a solution or a segment of a solution to the operational area that takes responsibility for it.
Release Plan
A plan that sets expectations for the dates, features, and/or outcomes a project expects to deliver over the course of several iterations.
Release Planning
The process of identifying a high-level plan for releasing or transitioning a product, deliverable, or increment of value to the customer.
Reports
A formal record or summary of information.
Requirement
A measurable condition or capability that must be present in a product, service, or result to satisfy a business need.
Requirements Documentation
A description of how individual requirements meet the business need of a project.
Requirements Management Plan
A component of the project or program management plan that describes how requirements will be analyzed, documented, and managed.
Requirements Traceability Matrix
A grid that links product requirements from their origin to the deliverables that satisfy them.
Reserve
A provision in the project management plan to mitigate cost and/or schedule risk, often used with a modifier (for example, management reserve or contingency reserve) to provide further detail on what types of risks should be mitigated. See also Buffer.
Reserve Analysis
A method used to evaluate the amount of risk on a project as well as the amount of schedule and budget reserve to determine whether the reserve is sufficient for the remaining risk.
Residual Risk
The risk that remains after risk responses have been implemented.
Resource
A skilled individual, team, or the equipment, services, supplies, commodities, materials, budgets, or funds required to accomplish the defined work.
Resource Breakdown Structure
A hierarchical representation of resources by category and type.
Resource Calendar
A calendar that identifies the working days and shifts for which each specific resource is available.
Resource Management Plan
A component of the project management plan that describes how project resources are acquired, allocated, monitored, and controlled.
Resource Requirements
The types and quantities of resources required for each activity in a work package.
Responsibility Assignment Matrix (RAM)
A grid that shows the project resources assigned to each work package.
Retrospective
Agile meeting held after the iteration/sprint/increment for the team to review the process and results to identify what went well and what can be done differently. Closely tied to continuous improvement. This process is the same as lessons learned.
Return on Investment (ROI)
A financial metric of profitability that measures the gain or loss from an investment relative to the amount of money invested.
Reward
A tangible, consumable item that’s given to a person based on a specific outcome or achievement.
Reward and Recognition Plan
A formalized way to reinforce performance or behavior.
Rework
Action taken to bring a defective or nonconforming component into compliance with requirements or specifications.
Risk
An event or condition of uncertainty that, if it occurs, has a positive or negative effect on one or more project objectives.
Risk Acceptance
A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.
Risk Appetite
The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward.
Risk Avoidance
A risk response strategy whereby the project team acts to eliminate a threat or protect the project from its impact.
Risk Breakdown Structure (RBS)
A hierarchical representation of potential sources of risk.
Risk Categorization
Organization by sources of risk (for example, using the RBS), the area of the project affected (again, using the WBS), or other useful category, such as project phase, to determine the project areas most exposed to the effects of uncertainty.
Risk Category
A group of potential causes of risk.
Risk Enhancement
A risk response strategy whereby the project team acts to increase the probability of occurrence or impact of an opportunity.
Risk Exploiting
A risk response strategy whereby the project team acts to ensure that an opportunity occurs.
Risk Exposure
An aggregate measure of the potential impact of all risks at any given time in a project, program, or portfolio.
Risk Impact
The likely effect on project objectives if a risk event occurs.
Risk Management Plan
A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed.
Risk Mitigation
A risk response strategy in which the project team acts to decrease the probability of occurrence or impact of a threat.
Risk Owner
The person responsible for monitoring the risk and for selecting and implementing an appropriate risk response strategy.
Risk Probability
The likelihood that a risk event will occur or prove true during the project.
Risk Register
A repository in which outputs of risk management processes are recorded. As the central planning document for project risk analysis and control, the risk register contains a list of the most important risks to the project’s completion. For each risk, it identifies the likelihood of occurrence, the impact to the project, the priority, and the applicable response plans.
Risk Response Plan
This plan involves reducing and eliminating risks and their potential impacts through appropriate mitigation techniques.
Risk Sharing
A risk response strategy in which the project team allocates ownership of an opportunity to a third party who is best able to capture the benefit for the project.
Risk Threshold
The level of risk exposure above which risks are addressed and below which risks may be accepted.
Risk Transference
A risk response strategy in which the project team shifts the impact of a threat to a third party together with ownership of the response.
Risk Workshop
A special meeting for the purpose of identifying project risks. In addition to project team members, this workshop might include the project sponsor, SMEs, customer representatives, and other stakeholders depending on the size of the project.
Role
Refers to a human-driven function in a work setting.
Rolling Wave Planning
An iterative planning technique in which work to be accomplished in the near term is planned in detail, while work farther in the future is planned at a higher level.
Root Cause Analysis
An analytical technique used to determine the basic underlying reason for a variance, defect, risk, or more than one of any of these.
Salience Model
A classification model that groups stakeholders according to level of authority, immediate needs, and how appropriate their involvement is in terms of the project.
Schedule Baseline
The approved version of a schedule model that can be modified using formal change control procedures and used as the basis of comparison to actual results. The schedule baseline is one of the main project documents to be created before the project starts.
Schedule Forecast
Estimates or predictions of conditions and events in the project’s future based on information and knowledge available at the time the schedule is calculated.
Schedule Management Plan
A component of the project or program management plan that establishes the criteria and activities for developing, monitoring, and controlling the schedule.
Schedule Performance Index (SPI)
A measure of schedule efficiency expressed as the ratio of earned value to planned value.
Schedule Variance (SV)
The amount by which the project is ahead or behind the planned delivery date, at a given point in time, expressed as the difference between the earned value and the planned value.
Scope
The sum of the products, services, and results to be delivered as a project. See also Project Scope and Product Scope.
Scope Baseline
The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary that can be changed using formal change control procedures and used as a basis for comparison to actual results.
Scope Creep
The uncontrolled expansion of project scope without adjustments to time, cost, and resources.
Scope Management Plan
A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled, and validated.
Scope Statement
Details about project deliverables and the major objectives of a project, including measurable outcomes.
Scrum
An agile framework for developing and sustaining complex products, with specific roles, events, and artifacts.
Scrum Master
The coach of the development team and process owner in the Scrum framework. Removes obstacles, facilitates productive events, and protects the team from disruptions.
Scrum Team
Dedicated, self-managing, cross-functional, fully empowered individuals who deliver the finished work required by the customer.
Secondary Risk
A risk that arises as a direct result of implementing a risk response.
Self-Organizing Team
A cross-functional team in which people fluidly assume leadership as needed to achieve the team’s objectives. See also Cross-Functional Teams.
Sequential Relationships
Refers to a consecutive relationship between phases; phases occur in procession and without overlap.
Servant Leadership
The practice of leading the team by focusing on understanding and addressing the needs and development of team members to enable the highest possible team performance.
Service-Level Agreement (SLA)
A contract between a service provider (either internal or external) and the end user that defines the level of service expected from the service provider.
Share
A strategy for managing positive risks or opportunities that involves allocating some or all the ownership of the opportunity to a third party.
Skills List
Provides details of all the skills the team possesses. This includes interpersonal skills needed to establish and maintain relationships with other people. Some of the skills may be irrelevant to the project team, while some are highly relevant to project goals.
Slack
Used in the critical path method. This is the amount of time a task can be delayed without affecting the deadlines of subsequent tasks.
Sprint
Used in Scrum. A short time interval during which a usable and potentially releasable increment of the product is created. See also Iteration.
Sprint Backlog
A list of work items identified by the Scrum team to be completed during the Scrum sprint.
Sprint Planning
A collaborative event in Scrum in which the Scrum team plans the work for the current sprint.
Sprint Retrospective
This critical part of the Scrum process is attended by the product owner, the scrum master, and the Scrum team to analyze from a process perspective what’s working well and what isn’t and to agree upon changes to implement.
Sprint Review
A review at the end of each iteration with the product owner and other customer stakeholders to review the progress of the product, get early feedback, and review the product owner’s acceptance of the stories delivered in the iteration. See also Demo.
Sprint Velocity
A descriptive metric used by agile and hybrid teams, describing the rate and volume of work the team performs during an average sprint.
Stakeholder
An individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio.
Stakeholder Analysis
A technique of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be considered throughout the project.
Stakeholder Engagement Assessment Matrix
A matrix that compares current and desired stakeholder engagement levels
Stakeholder Engagement Plan
A component of the project management plan that identifies the strategies and actions required to promote productive involvement of stakeholders in project or program decision-making and execution. Used to understand stakeholder communication requirements and the level of stakeholder engagement to assess and adapt to the level of stakeholder participation in requirements activities.
Stakeholder Map
An artifact a business analyst can use to visually analyze stakeholders and their relationships to each other and to the opportunity under analysis.
Stakeholder Register
A project document that includes the identification, assessment, and classification of project stakeholders.
Stack Ranking*
A prioritization method used to determine the relative importance of different items in a backlog. It involves ranking items in order of importance, with the most important items at the top of the list and the least important items at the bottom. This method is often used in agile development methodologies to help teams focus on the most important tasks and ensure that they are completed first.
Standard
A document established by an authority, through custom, or by general consent as a model or example.
Start-to-Finish (SF)
A logical relationship in which a predecessor activity can’t finish until a successor activity has begun.
Start-to-Start (SS)
A logical relationship in which a successor activity can’t start until a predecessor activity has begun.
Statement of Work (SoW)
A document used to describe project work. The SoW identifies requirements, deliverables, scope, project details, and timelines for delivery.
Story
Describes the smallest unit of work in an agile framework. A story is an informal, general explanation of a product, service, or software feature written from the end user’s perspective. Its purpose is to articulate how the feature will provide value to the customer. See also User Story.
Story Card
One unit of delivery for an agile team.
Story Map
A visual model of all the features and functionalities desired for a given product, created to give the team a holistic view of what they’re building and why.
Story Points
Used in agile practice to estimate the amount of time it will take to complete a story item from the project backlog.
Storyboarding
A prototyping method that uses visuals or images to illustrate a process or represent a project outcome. Storyboards are useful to illustrate how a product, service, or application will function or operate when complete.
SWOT Analysis
A grid used to assess the strengths, weaknesses, opportunities, and threats of an organization, project, or option.
System
The rules, processes, procedures, people, and other elements that support an outcome or process. A project can have one or many systems—for example, a work authorization system, a change control system, an information system, and so on.
Tacit Knowledge
Personal knowledge that can be difficult to articulate and share such as beliefs, experience, and insights.
Tailoring
The mindful selection and adjustment of multiple factors. Tailoring determines the appropriate combination of processes, inputs, tools, techniques, outputs, and life cycle phases to manage a project.
Task
An activity with a specific purpose that should be accomplished within a defined period of time. See also Activity
Task Board
Used to visualize a team’s work, enabling team members and stakeholders to track their progress as work is performed during an iteration. Examples of task boards include kanban boards, to-do lists, procedure checklists, and Scrum boards.
Team
Group of people responsible for executing project tasks and producing deliverables outlined in the project plan and schedule.
Team Building
The process of continually supporting and working collaboratively with team members to enable them to solve problems, defuse interpersonal issues, share information, and tackle project objectives as a unified force.
Team-Building Activities
Specific functions or actions taken to help a team mature and become or remain productive. The activities can be formal or informal, brief, or extended, and facilitated by the project manager or a group facilitator.
Technique
The applied function, action, procedure, or routine defined for a process to produce the desired output. See “Tool”.
Template
A partially complete document in a predefined format that provides a structure for collecting, organizing, and presenting information and data.
Test-Driven Development (TDD)/Test-First Development
Derived from a software development practice, TDD helps in the design process by using repeated, short development cycles. First, the developer writes an initially failing) automated test case that defines a desired improvement or new function.
The team then produces the minimum amount of code to pass that test before finally refactoring the new code to acceptable starfdards
Theme
An agile term referring to groupings of epics or stories.
Theory X
A theory by Douglas McGregor proposing that managers who micromanage their employees or team members do so because they assume the workers are unmotivated and dislike work. See also Theory Y.
Theory Y
A theory by Douglas McGregor proposing that managers with optimistic and positive opinions of their employees or team members encourage more collaborative, trust-based relationships among them. See also Theory X.
Threat
A risk that would have a negative effect on one or more project objectives.
Three-Point Estimating
A technique used to estimate cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when uncertainty exists with individual activity estimates. Also called triangular estimating.
Threshold
A predetermined value of a measurable project variable that represents a limit that requires action if it’s reached.
Throughput
A key agile metric used to determine how many finished work items a process produces in a given time.
Timebox
A fixed period of time to provide duration limits for an activity, a piece of work, or a meeting—for example, 1 week, 2 weeks, 3 weeks, or 1 month.
Tolerance
The quantified description of acceptable variation for a quality, risk, budget, or other project requirement.
Tool
The applied function, action, procedure, or routine defined for a process to produce the desired output. See also Technique.
Total Float
The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.
Training
An activity in which team members acquire new or enhanced skills, knowledge, or attitudes.
Transfer
A strategy for managing negative risks or threats that involves shifting the impact and ownership of the risk to a third party and paying a risk premium to that party for taking on the risk liability.
Transparency
One of the three pillars of empirical process (transparency, inspection, and adaptability) that promotes real-time, accurate progress on every aspect of a project. See also Visibility.
Trigger Condition
An event or situation that indicates a risk is about to become an issue.
Triple Constraint
Refers to the factors of time, cost, and scope, which can be adjusted when managing projects. Often called the project management triangle.
T-Shaped
Refers to a person whose skill set includes one area of specialization and broad ability in other skills required by the team.
Unanimity
Agreement by everyone in the group on a single course of action.
User Story
An informal, general explanation of a product, service, or software feature written from the perspective of the end user. Its purpose is to articulate how the feature will provide value to the customer. See also Story.
Validate Requirements
The process of checking that requirements meet business goals and objectives. Performed by a business analyst.
Validate Scope
The process of formalizing acceptance of completed project deliverables.
Validation
The assurance that a product, service, or result meets the needs of the customer and other identified stakeholders. See also Verification.
Value
The worth that a project delivers to the business.
Value Delivery System
The combined and systematic effort by leadership, portfolio, and program and project management to create value in and for an organization.
Value Stream
An organizational construct that focuses on the flow of value to customers through the delivery of specific products or services.
Value Stream Mapping
A Lean enterprise technique used to document, analyze, and improve the flow of information or materials required to produce a product or service for a customer.
Variance
A quantifiable deviation, departure, or divergence away from a known baseline or expected value.
Variance Analysis
A technique for determining the cause and degree of difference between the baseline and the actual performance.
Velocity
A measure of a team’s productivity rate—that is, the rate at which deliverables are produced, validated, and accepted within a predefined interval.
Verification
The evaluation of whether a product, service, or result complies with a regulation, requirement, specification, or imposed condition. See also Validation.
Verified Deliverable
A deliverable that has been compared to the scope/requirements and specifications to ensure that it’s correct.
Virtual Team
A group of people with a shared goal who fulfill their roles with little or no time spent meeting in the same physical space.
Vision Statement
A summarized, high-level description of the expectations for a product, such as target market, users, major benefits, and what differentiates the product from others.
Volatility
The possibility for rapid and unpredictable change.
Waterfall
An informal name for the predictive project management approach. PMI no longer uses this term. See Predictive Life Cycle.
WBS Dictionary
A document that provides detailed deliverable, activity, and scheduling information about each component in the work breakdown structure (WBS).
Wireframe
A nonfunctional interface design—in other words, not written in code—that shows key elements and how they interact to give the user an idea of how the system will function.
Work Breakdown Structure (WBS)
A hierarchical decomposition of the total scope of work the project team will perform to accomplish project objectives and create the required deliverables.
Work in Process (WIP)
Work that has been started but not yet completed.
Work Package
Work defined at the lowest level of the work breakdown structure (WBS) for which cost and duration are estimated and managed.
Work Shadowing
An on-the-job technique that enables someone to learn about and perform a job while observing and working with a more experienced person.
Workaround
A suitable, unplanned alternative action used to complete work.
Workflow
The carefully planned sequence of tasks and activities that need to be done to complete a project.
XP Metaphor
A common Extreme Programming (XP) technique that describes a common vision of how a program works.