Roadmap A roadmap is a high-level strategic plan that shows a company or organization’s goals, initiatives, and plans for reaching those goals over a certain time period. It is a picture of the strategic direction of the company and a plan for how to get there. Roadmaps can be used in many different ways, such as for…
Schedule (Project Schedule) In project management, a project schedule is a document that outlines the sequence of activities required to complete a project. The project schedule is a key component of the project plan and is used to manage project timelines, resources, and costs. A project schedule typically includes the following components: List of Activities: A comprehensive…
Schedule Baseline A schedule baseline in project management is a project schedule that has been approved and agreed upon by everyone involved. It gives a starting point for measuring and keeping track of the project’s actual progress. The schedule baseline shows when all project tasks are supposed to start and end, as well as the critical path…
Scope Baseline A scope baseline is a document that describes the agreed-upon project scope and is used as a point of reference throughout the project. It describes the project’s goals, deliverables, and requirements that must be met for the project to be considered a success. The project scope statement, the Work Breakdown Structure (WBS), and the WBS…
Sponsor n the context of a project or organization, a sponsor is an individual or group that provides financial or other resources to support the project or organization’s goals and objectives. The sponsor is typically a senior executive or other influential individuals within the organization, or an external partner, who has the authority to allocate resources and…
Specification A specification is a detailed list of product, service, or process needs or its working. It is a formal document that lists the technical or functional standards and specifications that must be met to make sure the product, service, or process works as it should. Usually, specifications include design, performance, functionality, quality, safety, and quality requirements,…
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…
Tailoring In project management, tailoring means changing project management processes, methods, and tools to fit the needs of a specific project. It means choosing, adapting, and changing project management processes and techniques to fit the specific needs of a project and help it reach its goals. In the tailoring process, the project’s characteristics, goals, and limitations are…
