Schedule Forecasts Schedule forecasting is a part of project management that involves guessing where a project’s schedule will be in the future based on how things are going now and what has happened in the past. It is the process of using different analytical techniques to estimate how long tasks will take and when the whole project…
Stakeholder A stakeholder is a person, group, or organization that has a vested interest in a project or organization or one who is directly or indirectly influenced by the success or failure of the project. The stakeholder can be internal or external to the organization. This can include employees, customers, suppliers, shareholders, government agencies, and the general…
Stakeholder Engagement Assessment Matrix A Stakeholder Engagement Assessment Matrix is a tool that is used to measure the level and quality of engagement with different stakeholders in a project or organization. On one side of the matrix, the names of the stakeholders are written, and on the other side, the levels or stages of engagement are written….
Test Plan A test plan is a document that describes how software testing will be done, what its goals are, how big it will be, and when it will be done. It gives a detailed plan for making sure that software or a system works the way it is supposed to and meets the needs of the…
Sensitivity Analysis Sensitivity analysis is a method used in project management to figure out how the results of a project will change if assumptions or variables change. It involves trying out different scenarios and changing the project’s parameters to find the most important things that affect the project and figure out how they might affect the project’s…
Template In the context of project management, a template is a pre-made document or file that shows how a certain type of project deliverable should be set up. Templates are used to start new documents and make sure that all project documents have the same structure, formatting, and content. Some popular templates used in project management are…
Work Package A Work Package is a detailed description of a specific deliverable or part of a project that is given to a single team or person to complete. Usually, a work package includes a description of the work that needs to be done, the goals and expected results, the resources that will be needed, the timeline…
Scope Creep Scope creep is a term used in project management to describe the tendency of a project’s scope to gradually expand beyond its original boundaries or objectives. It occurs when changes or additions are made to the project without proper evaluation of their impact on the project’s timeline, budget, or resources. Scope creep can happen for…
