Project management – glossary of the most important terms

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What are project methodologies?

Project methodologies streamline work through breakdown of big undertakings into smaller units that are easier to control and complete as well as ordering them on the timeline. As projects are characterised with uniqueness and one-time nature, the actions it consists of need to be systematised and ordered to ensure as high repeatability of executed orders as possible. Implementation of a methodology well suited to the specifics of the enterprise and projects run by it requires, however, great knowledge and familiarity with terms applied to describe them. This article compiles the most important of them.

Most important terms in project management

Project

Project is a unique undertaking leading to creation of a unique product. Therefore, it differs from repeatability-oriented production and services. Depending on the adopted methodology, it can be broken down into smaller one-off or cyclic tasks.

SMART features

SMART features are the acronym of Specific, Measurable, Achievable, Relevant, Time-bound. That’s what a well-formulated project objective should be characterised with.

Smart, smart features
graf. https://blog.saldeosmart.pl/

Kickoff meeting

The participants of the kickoff meeting (starting meeting inaugurating the project) are the team members and the client. Its purpose is to collect key information – targets, assumptions, deadlines, budget, etc. – regarding the order. Its essential elements include discussion and building a positive and encouraging atmosphere.

Roadmap

The roadmap is another term to describe a schedule, plan or scheme of actions oriented at accomplishment of the given goal. It is usually employed in strategic planning at the high organisational level and is dedicated to long-term activities.

Feasibility study

The feasibility study is an analysis and assessment of the project potential. Its purpose is objective identification and strengths and weaknesses of assumptions as well as related opportunities or threats. It comprises determination of resources required to complete the project as well as its chance for success.

Critical path

The critical path is a series of specific activities – a delay in any of them results in extension of product completion. It is the longest possible series of tasks ordered chronologically where the next one can be started only after the previous one is completed.

Project manager

The project manager is the person responsible for accomplishment of its goals. The project manager is responsible for planning, coordination of tasks and project closing and, therefore, he or she has to be active at all stages of work.

Scoping

Scoring is a procedure involving determination of the scope of the entire project or its part. In certain situations, it may be required by the law, e.g. in the scope of assessment of project environmental impact.

Gantt chart

The Gantt chart is a graph used in management. It is based on project break-down into tasks and time planning. To improve transparency, the tasks may be marked with different symbols.

Gantt chart in IC Project
Gantt chart in IC Project

Milestone

The milestone is an event in the project schedule that summarises the set of tasks or a phrase (e.g. supplying the beta version to the client). Its occurrence may entail the need or option to decide on the further form of the project.

Spaghetti plot

The spaghetti plot is used in lean methodologies to visualise in-house product paths at the early product or production stage. It facilitates tracing weaknesses generating losses due to wrong allocation and extension of transport or decision paths.

Burn down chart

The burn down chart is used in Agile methodologies, e.g. Scrum. It is used to visualise work remaining to be done in relation to time, enabling determination of trends and timeliness control.

Kanban board

The Kanban board may have a physical or digital form. “Post-it notes” are attached to it, symbolising the specific tasks – each with its performer, assumptions and deadline assigned. Traditionally, it is divided into three categories: “to do”, “in progress” and “completed”, and changing the status of the given tasks means moving it.

Kanban IC Project
Kanban in IC Project

Poka-yoke

Poka-yoke (in Japanese poka – mistake, yokeru – proofing) is a mitigation method for risk of defects and accidents resulting from mistakes. It assumes that mistakes are the fault of processes, not people.

Muda, Mura, Muri

Muda (waste), Mura (unevenness) and Muri (overburden) are three types of losses occurring – and requiring elimination – in Lean methodologies. Their identification and implementation of optimisation solutions is a necessary step in enterprise development.

Risk register

The risk register is one of the documents used in the PRINCE 2 method. It contains information on threats, their analysis, countermeasures and status. It is updated by the manager at almost any project stage and influences the planning of further tasks to be performed by the team.

Parkinson’s law

The Parkinson’s law was formulated in 1955. It is the adage that “work expands so as to fill the time available for its completion”. At first, it was used in relation to public administration, but it also applies to project management. One of its implications is the fact that an employee who is given a specific amount of time to complete a task will complete it as late as possible.

Deadline

The deadline is the final due time for completion of a task or entire project. Exceeding it usually entails negative consequences provided for in the contract of employment or order. The deadline is also the milestone point.

What else should you know about project management?

The above glossary is not an exhaustive list of terms you may encounter when studying project methodologies. Although they do share certain elements, such as the very notion of the project, its beginning, tasks, etc., each of these methodologies uses its own specific set of terms. What does not make it easier is the fact that the number of methodologies, their variants and combinations is difficult to estimate. For this reason, individual broadening of knowledge and search for information are crucial.

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