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…
Project Management Principle – Team Team is a key part of project management that stresses how important it is to build and lead a strong project team in order to reach project goals. This theory acknowledges that the success of a project often depends on the skills, knowledge, and cooperation of the people working on it. Managing…
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…
Project Management Principle – Stewardship In project management, stewardship is a key concept that stresses the responsible management and use of resources to reach project goals. This concept says that project managers have to make good use of the money, people, and things they have. To be good stewards, project managers need to set priorities and divide…
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…
