P - Definitions

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  • P

    paternalistic leadership

    Paternalistic leadership is a managerial approach that involves a dominant authority figure who acts as a patriarch or matriarch and treats employees and partners as though they were members of a large, extended family.

  • PCAOB (Public Company Accounting Oversight Board)

    The Public Company Accounting Oversight Board (PCAOB) is a congressionally established nonprofit that assesses audits of public companies in the United States to protect investors' interests.

  • 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, short-term experiment that helps an organization learn how a large-scale project might work in practice.

  • platform economy

    Platform economy is the tendency for commerce to increasingly move toward and favor digital platform business models.

  • PMO (project management office)

    A project management office (PMO) is a group, agency or department that defines and maintains the standards of project management for a company.

  • prescriptive analytics

    Prescriptive analytics is a type of data analytics that provides guidance on what should happen next.

  • privacy compliance

    Privacy compliance is a company's accordance with established personal information protection guidelines, specifications or legislation.

  • process innovation

    Process innovation refers to a change in an existing operation or product that creates significant value for an organization.

  • process mining

    Process mining is a technique that interprets logs from enterprise applications -- like customer resource management (CRM) and enterprise resource planning (ERP) platforms -- to identify the steps in common business processes, detect variations and prioritize areas of improvement.

  • procurement plan

    A procurement plan -- also called a procurement management plan -- is a document that is used to manage the process of finding and selecting a vendor.

  • 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

    A project charter is a formal short document that states a project exists and provides project managers with written authority to begin work.

  • project management

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

  • Project planning: What is it and 5 steps to create a plan

    Project planning is a discipline addressing how to complete a project in a certain timeframe, usually with defined stages and designated resources.

  • Project portfolio management: A beginner's guide

    Project portfolio management is a formal approach used by organizations to identify, prioritize, coordinate and monitor projects that align with their strategy and goals.

  • project post-mortem

    A project post-mortem is a business process that lets the project team, project management, and other stakeholders review and evaluate the results at the end of a project or after the resolution of an incident.

  • project scope

    Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.

  • proof of concept (POC)

    A proof of concept (POC) is a demonstration of a product 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.

  • public data

    Public data is information that can be shared, used, reused and redistributed without restriction.

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