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AGILE METHODOLOGY#1

A flexible project management approach focusing on iterative development and collaboration, commonly used in software development.

PROJECT LIFECYCLE#2

The series of phases a project goes through, from initiation to closure, ensuring organized management and execution.

STAKEHOLDER#3

Any individual or group with an interest in the project, including clients, team members, and sponsors.

RISK MANAGEMENT#4

The process of identifying, assessing, and mitigating risks that could impact project success.

RESOURCE ALLOCATION#5

The distribution of available resources among various tasks to optimize project efficiency and effectiveness.

WORK BREAKDOWN STRUCTURE (WBS)#6

A hierarchical decomposition of a project into smaller, manageable components or tasks.

GANTT CHART#7

A visual representation of a project schedule, showing tasks along a timeline to track progress.

PROJECT CHARTER#8

A document that formally authorizes a project, outlining objectives, scope, and stakeholders.

MILESTONES#9

Significant points or events in a project timeline that indicate progress and completion of key phases.

CONTINGENCY PLAN#10

A strategy developed to address potential risks and unforeseen issues during a project.

QUALITATIVE RISK ASSESSMENT#11

Evaluating risks based on their impact and likelihood using subjective judgment.

QUANTITATIVE RISK ASSESSMENT#12

The numerical analysis of the probability and impact of risks, often using statistical methods.

PROJECT EVALUATION#13

The process of assessing a project's performance and outcomes against established criteria.

LESSONS LEARNED#14

Insights gained from the project experience, used to improve future project management practices.

RESOURCE MANAGEMENT PLAN#15

A document outlining how resources will be allocated, managed, and monitored throughout the project.

COMMUNICATION PLAN#16

A strategy for how project information will be shared with stakeholders, including frequency and channels.

SCOPE CREEP#17

The uncontrolled expansion of project scope without adjustments to time, cost, and resources.

TEAM MEETINGS#18

Regular gatherings of project team members to discuss progress, challenges, and next steps.

KEY PERFORMANCE INDICATORS (KPIs)#19

Metrics used to evaluate the success of a project in achieving its objectives.

AGILE VS. WATERFALL#20

Two project management methodologies; Agile is iterative, while Waterfall is sequential and linear.

INITIATION PHASE#21

The first phase of the project lifecycle, focusing on defining the project and obtaining authorization.

CLOSURE PHASE#22

The final phase of the project lifecycle, involving completion, evaluation, and formal closure.

PROJECT DELIVERABLES#23

Specific outputs or results that must be completed and delivered at the end of a project phase.

RISK IDENTIFICATION TECHNIQUES#24

Methods used to identify potential risks, including brainstorming and checklists.

STAKEHOLDER ANALYSIS#25

The process of identifying stakeholders and assessing their influence and interests in the project.