Project management Definitions

  • P

    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.

  • Prototyping Model

    The prototyping model is a systems development method in which a prototype is built, tested and then reworked as necessary until an acceptable outcome is achieved from which the complete system or product can be developed. table prototype is finally achieved.

  • R

    rainmaker (business)

    A rainmaker is an individual who generates an unusually high amount of revenue for an organization by bringing new clients and new business to the company.

  • S

    self-directed work team (SDWT)

    A self-directed work team (SDWT) is a group of people, usually employees in a company, who combine different skills and talents to work without the usual managerial supervision toward a common purpose or goal.

  • Six Sigma

    Six Sigma is an approach to data-driven management that seeks to improve quality by measuring how many defects there are in a process and systematically eliminating them until there are as close to zero defects as possible.

  • SkunkWorks project (Skunk Works)

    A SkunkWorks project (also known as Skunk Works) is an innovative undertaking, involving a small group of people, that is outside the normal research and development channels within an organization.

  • startup company

    A startup company is a newly formed business with particular momentum behind it based on perceived demand for its product or service.

  • steering committee

    A steering committee is a group of high-level advisors who have been appointed to provide an organization or project with direction.

  • Y

    Yammer

    Yammer is a private microblogging and collaboration platform for enterprise social networking. Unlike public social media platforms such as Twitter,Yammer only allows members to connect with other members who belong to the same email domain.

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