11. COST BENEFIT
ANALYSIS
In CBA, total expenditure of a project
is compared with its benefits to
calculate the net cost of the project.
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12.
13. CRITICAL PATH
It refers to the longest sequence of
project activities needed to be done
on time so that the project gets
completed within the deadline.
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14. DELIVERABLE
This refers to tangible products of a
project. Every project has deliverables
such as a report, a plan, a software
product etc.
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18. EARNED VALUE
The EV helps you know whether the
project is on track or not by
monitoring time and money spent
and the amount of work done.
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19. EXPLORATION
Consider all the possible options with
their negatives and positives before
taking final decision.
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20. FLOAT
The amount of time for which a task
can be postponed without any
impact on timeline of a project.
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21. GANTT CHART
In a gantt chart, horizontal bars show
activities of a project against time. A
horizontal bar shows beginning date
and end date of a task.
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22. GOAL
Goals help you plan in a better way
to complete a project successfully.
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23. ISSUE
The roadblocks that hinder the
project progress are referred to as
issues. These are needed to be
addressed to run a project
successfully.
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24. KANBAN
It consists of a series of cards that
visualizes the workflow creating
physical representations of their tasks.
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25. LIFECYCLE
Lifecycle of a project mainly has four
parts- planning, collaboration,
execution and delivery.
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31. PROJECT
It’s a structure made for a limited
period of time in order to plan,
organize and manage work to
achieve a specific goal.
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32. PROJECT MANAGER
The person who’s given authority to
manage a project. He has the full
responsibility and power to decide
processes to run the project.
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38. PROJECT TEAM
The project team consists of the
resources who are assigned tasks to
complete a project successfully.
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39. RED FLAGS
Ambience of a workplace matters a
lot. People should be encouraged to
raise their voice against anything they
find wrong and look for solutions to
such problems.
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41. RESOURCES
A manager needs resources to run a
project. The resources can be capital,
people, space or anything else
required to complete the project.
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42. RISK
It refers to an uncertain condition
which has an impact on the project, if
it occurs.
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43. SCOPE
Project scope refers to determination
and documentation of a list of
project goals, deliverables, tasks,
deadlines and related aspects.
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44. SCOPE CREEP
It refers to change in scope of a
project over time. It can take place if
a project’s scope is not defined or
controlled.
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45. SCRUM
A project management methodology
in which a small team is led by a Scrum
Master who solves the problems faced
at work.
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46. SIX SIGMA
It refers to a methodology based on
statistics used to improve any
process.
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49. TRANSPARENCY
A manager needs to know who’s
doing what and how much work has
been done by his team members at
any point of time.
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50. TIMELINE
It refers to a graphical representation
of a specific time period that shows
sequence of important events.
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51. WATERFALL
It’s a hierarchical design process which
shows progress in software
development through different phases
like analysis, design, construction,
testing, and deployment.
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