Remove Engineering Remove Project Cost Remove Project Life Cycle Remove Software Development
article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

The scrum methodology has been around since the mid-1980s and has been a core sub-methodology of agile since 2001 when Ken Schwaber and Mike Beedle wrote the book on it: Agile Software Development with Scrum. Scrum allows you to create flexible project plans that can be adjusted at any point without impacting your project or budget.

SCRUM 411
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. engineering, IT, human resources, etc.), of a project.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Project Management

MPUG

The PMI also notes that a project is typically different from ongoing operations or business as usual and that it requires the coordination of various resources and activities in order to achieve its objectives. From start to finish, a project usually goes through 5 phases, called the Project Life Cycle.

article thumbnail

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Management of Novel Projects Under Conditions of High Uncertainty,” A. México, 1 al 3 de Febrero de 2006.

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program.

article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. Most project management plans also include an HR management plan.

article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow Blog

Read more: Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization. Effective Communication This involves communication between team members, project teams, and stakeholders. Effective interaction and information sharing are a cornerstone of efficient risk management.