Project Management Flashcards

Project Management
The discipline of planning, executing, and controlling work to meet specific goals within constraints like scope, time, and budget.

Project Lifecycle
The four main phases—Initiation, Planning, Execution, and Closure—that guide project progression from start to end.

Scope Management
Defines what is included and excluded in a project to prevent scope creep and ensure deliverables meet requirements.

Agile Methodology
An iterative approach that values customer collaboration, flexibility, and rapid delivery of working software.

Waterfall Model
A linear project management method where each phase is completed before moving to the next, ideal for well-defined projects.

Gantt Chart
A visual project schedule that shows task timelines, dependencies, and deadlines in a bar chart format.

Risk Management
The process of identifying, analyzing, and mitigating potential issues that could impact project success.

Scrum Framework
An Agile framework that includes roles (Scrum Master, Product Owner), events (Sprints), and artifacts (Backlog).

Stakeholder Management
Engaging and communicating with individuals or groups affected by the project to align expectations and gain support.

Critical Path Method (CPM)
A technique to identify the longest sequence of dependent tasks and determine the minimum project duration.

Budget Management
Controlling project costs by forecasting, allocating, and tracking financial resources against planned budgets.

Change Management
A structured approach to transitioning individuals, teams, and organizations to a desired future state.