Understand Project Management Terminology

A professional designation given to individuals who have been trained and certified in the Scrum framework by the Scrum Alliance, a non-profit organization dedicated to advancing Scrum practices.

A RAID log in project management is a tool used to document and manage four key aspects of a project: Risks, Assumptions, Issues, and Dependencies. Each component helps project managers effectively track and address potential problems, maintain project transparency, and ensure all team members are aware of critical factors that may impact the project’s success.

A formal document in project management that outlines the business needs and requirements necessary to achieve the objectives of a project or to develop a product or service.

Any individual, group, or organization that has an interest in or is affected by the outcomes, actions, or decisions of a project or organization. Stakeholders can include but are not limited to, customers, employees, investors, suppliers, community members, and regulatory authorities. They may have differing levels of influence, involvement, and impact on the project, and their needs and expectations must be managed carefully throughout the project's lifecycle to ensure its success.

A professional certification awarded by the Scrum Alliance to individuals who have been trained in the principles and practices of the Scrum framework, specifically focusing on the role of the Product Owner.

A linear and sequential approach to project management and software development. It is characterized by distinct phases that flow downward, akin to a waterfall, and each phase must be completed before the next one begins.

A set of principles and practices for software development and project management that emphasizes collaboration, flexibility, continuous improvement, and high-quality results. It is based on iterative development, where requirements and solutions evolve through the collaborative effort of cross-functional teams.

QA or QC refers to the systematic processes and activities designed to ensure that a project's deliverables meet predefined standards and requirements. It focuses on preventing defects in a project's output rather than detecting them after they occur.

Also known as stage-gate or phase-gate, is a project management methodology that divides a project into distinct phases or stages, separated by "gates." At each gate, the project's progress is reviewed and assessed to determine whether it should proceed to the next phase, be adjusted, or be terminated. This structured approach helps manage risk, ensure quality, and improve decision-making throughout the project lifecycle.

A phase in project management and systems development, where the needs and conditions to achieve project objectives are identified, documented, and confirmed. This process ensures that all stakeholders have a clear understanding of what the project aims to deliver and what functionality or features the final product must have.