Management Latest 2022 Graded A
project management ✔✔organizing and directing other people to achieve a planned result within
a predetermined schedule and budget.
oversight committee ✔✔clients and key managers who review the progress and direct the project
Level of formality or ceremony ✔✔the rigor of holding formal meetings and producing detailed
documentation
Agile Project Management ✔✔a way of balancing flexibility and chaos: how to be agile and
flexible while maintaining control of the project schedule, budget, and deliverables.
agile time frame-difficult to create/maintain project schedule
cost estimates are difficult to make, especially with a project in which the requirements are
expected to change throughout. project manager controls cost
quality management: each iteration has a deliverable. testing spread throughout project, also
process evaluations of each iteration
system vision document (SVD) ✔✔a document to help define the scope of a new system
business benefits ✔✔the benefits that accrue to the organization; usually measured in dollars (part
of SVD)
system capabilities ✔✔the required capabilities of a new system; part of a System Vision
Document (part of SVD)
, cost/benefit analysis ✔✔process of comparing costs and benefits to see whether investing in a new
system will be beneficial
net present value (NPV) ✔✔the present value of dollar benefits and dollar costs of a particular
investment
break-even point ✔✔the point in time at which dollar benefits offset dollar costs
payback period ✔✔the time period during which the dollar benefits offset the dollar costs
tangible benefit ✔✔a benefit that can be measured or estimated in terms of dollars
intangible benefit ✔✔a benefit that accrues to an organization but that can't be measured
quantitatively or estimated accurately
project dashboard ✔✔allows all types of project information to be posted and viewed by Web
browsers
project iteration schedule ✔✔the list of iterations and use cases or user stories assigned to each
iteration
detailed work schedule ✔✔the schedule that lists, organizes, and describes the dependencies of
the detailed work tasks
Work Breakdown Structure (WBS) ✔✔the list or hierarchy of activities and tasks of a project;
used to estimate the work to be done and to create a detailed work schedule