Project management Definitions

  • I

    IT service catalog

    An IT service catalog is a list of technology resources and offerings available from the IT service provider within an organization.

  • L

    Lean Six Sigma

    Lean Six Sigma is a data-driven approach to improving efficiency, customer satisfaction and profits.

  • lean startup

    Lean startup is an approach to building new businesses based on the belief that entrepreneurs must investigate, experiment, test and iterate as they develop products.

  • M

    migration

    In information technology (IT), migration is the process of moving from the use of one operating environment to another operating environment that is, in most cases, thought to be a better one.

  • O

    OODA loop

    The OODA loop (Observe, Orient, Decide, Act) is a four-step approach to decision-making that focuses on filtering available information, putting it in context and quickly making the most appropriate decision while also understanding that changes can be made as more data becomes available.

  • organizational goals

    Organizational goals are strategic objectives that a company's management establishes to outline expected outcomes and guide employees' efforts.

  • P

    PICK chart (Possible, Implement, Challenge and Kill chart)

    A PICK chart (Possible, Implement, Challenge and Kill chart) is a visual tool for organizing ideas. The purpose of a PICK chart is to identify which ideas can be implemented easily and have a high payoff.

  • pilot program (pilot study)

    A pilot program, also called a feasibility study or experimental trial, is a small-scale experiment that helps an organization learn how a large-scale project might work in practice.

  • PMO (project management office)

    A project management office (PMO) is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization.

  • PPM (project and portfolio management)

    PPM (project and portfolio management) is a methodology used to prioritize IT projects based on cost, benefits and use of resources to achieve business goals.

  • product development (new product development - NPD)

    Product development, also called new product management, is a series of steps that includes the conceptualization, design, development and marketing of newly created or newly rebranded goods or services.

  • project charter (PC)

    A project charter (PC) is a document that states a project exists and provides the project manager with written authority to begin work.

  • project management

    Project management is the discipline of using established principles, procedures and policies to successfully guide a project from conception through completion.

  • project post-mortem

    Project post-mortem is a process intended to inform project improvements by determining aspects that were successful or unsuccessful.

  • proof of concept (POC)

    A proof of concept (POC) is an exercise in which work is focused on determining whether an idea can be turned into a reality.

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