Rework Rework in project management means that a task or activity that has already been done needs to be done again. This is usually because of mistakes, omissions, or changes in what the project needs. Rework can cause projects to go over budget and over time, and it can also affect the quality of the final deliverables….
Risk Appetite Risk appetite is the amount of risk an organisation is willing to take or put up with in order to reach its goals. It is the amount and kind of risk an organisation is willing to take to reach its goals and objectives while staying within its risk management framework. Most of the time, an…
User Story A user story is a short, simple sentence that describes a feature or function of an app from the user’s point of view. It is a way to write down what the user wants and needs in a way that the development team can easily understand. Agile software development methods, such as Scrum, often use…
Use Case A use case is a description of how a system or app will be used to reach a certain goal or complete a certain task. It is a tool used in software development to describe how a system will be used by its users and what its needs are. Usually, a use case has a…
Uncertainty Domain Uncertainty is a part of managing a project, and it can affect how well the project goes in many ways. In project management, the uncertainty performance domain is about imaging risks i.e. , how to handle uncertainty in terms of threats or opportunities in a project so that it meets its goals within the constraints…
Tolerance In project management, tolerance is the amount of change or deviation from a specific goal, target, or plan that is okay. During the planning phase, the project team and the people who have a stake in the project talk about and agree on the project’s tolerance. Tolerance is an important idea in project management because it…
XX There are several pieces of information that are not clear or are not necessary to be available with clarity while we go through the project. We assume and progress. In most cases, it is done at the beginning of the project where we outline the basic assumptions and as we dive into the project we keep…
Value Delivery System A value proposition is a sentence that says what a product or service gives its customers or users that no other product or service does. It describes the problem or needs that the product or service solves and explains why it is a better solution than other options on the market. In project management,…
