Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
op-158 Glossary
Business management 1
| Term | Definition |
|---|---|
| Business operations | The day-to- today activities needed for continued business functioning |
| Deliverable | The result a project is created to achieve |
| Dynamic | Changeable |
| Feasible | Reasonable ; achievable |
| Governance mechansim | Rule or regulation used to ensure that a project stays on track and meets its requirements |
| Lessons -learned document | A project -end summary of what went well ,what didn't go well , and how to improve in the future |
| Project | A short -term undertaking that creates a unique good or service |
| Project champion | A project sponsor ; a person who has the ability and authority to assist the project manager in getting the job done |
| Project charter | A format document that officially authorizes a project to get underway |
| Project close | The ffith stage of the project management proccess ; include wrapping up the product , delivering the end product; and documenting lessons learned |
| project execution | The third stage of the project management process; includes carry ou the actual project work |
| Project initiation | The first stage of the project management proccess; includes allof the activities required for starting up a new project , such as creating a statement of work and a project charter |
| Project management | The skills , tools , and processes used to plan , execute , and control the elements of a project |
| Project manager | Person responsible for overseeing all of the activities that are part of a project |
| Project monitoring and controlling | The fourth stage of the project management process ; includes making sure the project stays on track and making the appropriate corrective measures if it doesn't |
| Project planning | The second stage of the project managment process; includes determining how all parts of the project will be accomplished , including creating the work breakdown structure |
| R&D project | A business endeavor that involves the research and development of new knowledge ,new processes , new technologies , etc |
| Risk analysis | An assessment of a project's potential risks and challenges, peformed by project managers to better prepare of minimizing the effects |
| Scope | What a project will and will not include |
| Stakeholder | A person who has an interest or investment in a project's outcome |
| Statement of work (SOW) | A dynamic document that serves as the foundation of a project ; includes goals , scope , deliverables ,etc. |
| Work breakdown Structure (WBS) | A documents that details the division of a project workload into smaller , more manageable parts |
| Project Creep | A problem wherein the scope of a project keeps getting bigger and bigger |
Created by:
ashley.p709
Popular Business sets