Project Management Glossary
Essential terms and definitions for modern project management professionals.
Browse by letter
Categories
A
Agile
An iterative approach to project management and software development
Acceptance Criteria
Conditions that a product must satisfy to be accepted
Adaptive Planning
Ability to adjust plans as project evolves
Activity Network Diagram
Graphical representation of project activities
Affinity Diagram
Organizing ideas into natural groupings
B
Backlog
A list of tasks required to be completed for the project
Burndown Chart
A graphical representation of work left to do versus time
Baseline
The original plan plus or minus approved changes
Balanced Scorecard
Framework for measuring performance
Brainstorming
Idea generation technique
Benchmarking
Comparing performance against best practices
C
Critical Path
The sequence of stages determining the minimum time needed for an operation
Change Control
A process for managing project changes
Capacity Planning
Determining resources needed for work
Cost Baseline
Approved version of the project budget
Contingency Plan
Planned response to a potential risk
D
Deliverable
Any unique and verifiable product, result, or capability
Dependency
A relationship between tasks where one depends on another
Daily Standup
Short sync meeting on progress and blockers
Dashboard
Visual display of key project metrics
E
Earned Value
A measure of work performed expressed in terms of the budget authorized for that work
Epic
A large body of work that can be broken down into stories
EVM
Earned Value Management performance system
Escalation
Process of raising an issue to higher authority
F
Float
The amount of time a task can be delayed without impacting subsequent tasks
Feasibility Study
An assessment of practicality and viability
Fast Tracking
Schedule compression by overlapping tasks
Forecasting
Estimating future project performance
G
Gantt Chart
A bar chart that illustrates a project schedule
Governance
Framework for decision-making and accountability
Gate Review
Checkpoint to evaluate progress
Granularity
Level of detail in project planning
H
Hybrid Project Management
Mix of predictive and adaptive methods
Histogram
Graphical representation of data distribution
Heuristic
Rule of thumb problem-solving technique
I
Iteration
A timeboxed period of development, typically 1-4 weeks
Increment
A functional slice of product delivered in each iteration
Incremental Delivery
Delivering partial functionality over time
Issue Log
Record of identified project issues
J
Jira
A tool widely used for agile project tracking
Just-In-Time
Lean practice of producing only when needed
K
Kanban
A visual system for managing work as it moves through a process
Kickoff Meeting
Initial meeting to align stakeholders and team
KPI
Key Performance Indicator
Knowledge Management
Capturing and sharing project knowledge
L
Lean
A methodology focused on value while minimizing waste
Lessons Learned
Knowledge gained for future improvement
Lag
Delay between dependent tasks
M
Milestone
A significant point or event in a project
MoSCoW Prioritization
Technique to prioritize Must, Should, Could, Won't
Monte Carlo Simulation
Technique to assess risk and uncertainty
Milestone Chart
Chart highlighting major milestones
N
Net Present Value
Method to evaluate project profitability
NDA
Non-Disclosure Agreement protecting information
Negotiation
Discussion to reach an agreement
O
OKRs
Objectives and Key Results framework
Opportunity Cost
Value lost by choosing one alternative
Optimization
Making the best use of resources
P
PMBOK
Project Management Body of Knowledge - a set of standard terminology and guidelines
PERT
Program Evaluation Review Technique
Procurement Management
Acquiring goods and services
Pareto Chart
Graph showing factors ordered by significance
Q
Quality Assurance
Ensuring deliverables meet required standards
Quality Control
Monitoring outputs for standards
Questionnaire
Survey method to collect stakeholder input
R
Risk Register
A document containing the results of risk analysis and risk response planning
RACI Matrix
A responsibility assignment chart defining roles and responsibilities
Retrospective
End-of-iteration meeting to discuss improvements
ROI
Return on Investment profitability measure
Resource Leveling
Technique to resolve resource conflicts
S
Scrum
An agile framework for managing work emphasizing teamwork, accountability and iterative progress
Scope Creep
The uncontrolled expansion of project scope without adjustments to time, cost, or resources
Stakeholder
Any person or group affected by the project
Sprint
Short development cycle in Scrum
Schedule Baseline
Approved project schedule
T
Triple Constraint
The balance of project scope, time, and cost
Team Charter
Document defining team objectives and roles
Timeboxing
Allocating fixed time for activities
Tolerance
Acceptable range of variation in performance
U
User Story
A simple description of a feature told from the perspective of the user
UAT
User Acceptance Testing to validate needs
Use Case
Description of system interaction by user
Uncertainty
Situations where outcomes are not known
V
Velocity
A measure of a team's rate of progress
Value Stream
Steps to deliver value to a customer
Variance Analysis
Tracking differences between planned and actual
Validation
Ensuring product meets user needs
W
WBS
Work Breakdown Structure - a hierarchical decomposition of project deliverables
Work Package
Lowest-level deliverable in a WBS
Workflow
Sequence of processes through which work passes
Workaround
Temporary solution to an issue
X
XP
Extreme Programming agile method
XML
Markup language for project data exchange
X-Function Collaboration
Cross-functional teamwork
Y
Yield
Measure of output versus input
YAGNI
You Aren’t Gonna Need It principle
Yield Management
Maximizing revenue through demand control
Z
Zero Defects
Doing things right the first time
Z-Score
Statistical measure of standard deviations
Zero Float
No flexibility in task scheduling