Backlog A backlog is a list of features, requirements, or tasks that need to be done for a software product, ordered by how important they are. The backlog is where the development team keeps all of the tasks that they plan to work on in future iterations or releases. Usually, the product owner creates and manages the…
Backlog Refinement Backlog refinement, also called backlog grooming or backlog management, is a step in Agile project management that involves reviewing and improving the items in the product backlog to make sure they are ready to be built. The product backlog is a list of all the features, bugs, technical tasks, and other pieces of work that…
Baseline A baseline is a starting point or reference point that is set at the beginning of a project and is used to measure progress and performance throughout the life cycle of the project. It is a snapshot of the project’s initial conditions, goals, and objectives, against which the project team can measure progress and success. Key…
Benchmarking Benchmarking is the process of comparing the performance, practises, or processes of one organisation with those of other organisations in the same or similar industry. It is a tool for finding the best ways to do things, improving performance, and getting ahead of the competition. Usually, there are four main steps in the benchmarking process: Planning:…
Benefits Management Plan A benefits management plan is a document that explains how a project will give the stakeholders the expected benefits and results. It is an important part of managing a project because it helps make sure that the project fits with the business’s overall goals and gives the expected value. Usually, the following parts make…
Bid Documents Bid documents are a group of documents that a company or organisation puts together and sends to possible bidders in order to get bids for a project, contract, or procurement. Usually, bid documents include information about the project or contract, such as requirements, specifications, terms and conditions, and criteria for judging. The size and type…
Bidder Conference A bidder conference, also called a pre-bid conference, is a meeting between the people in charge of a project or contract and the people who want to bid on it. At a bidder conference, the goal is to give potential bidders information about the project or contract and answer any questions they might have. Usually,…
Budget In project management, the term “budget” refers to the money set aside to finish a job. It is an important part of planning a project because it helps project managers figure out how much the whole thing will cost, divide up the resources well, and keep track of and control project costs. Typically, a project budget…
