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IBF Lesson 8 Terminology

This series of exercises have been created to help you with the terminology associated with this lesson in the Internet Business Foundations module.

AB
Project ManagementThe practice of applying skills and processes to activities in order to meet deadlines and achieve desired results.
ProjectA sequence of tasks that must be accomplished within a certain time frame to achieve a desired result.
TaskA unit of work that must be accomplished during the course of a project.
ResourceA person, department or device needed to accomplish a task.
AssignmentThe appointment of a specific resource to a task.
ScopeThe goals and task of a project, and the work required to complete them.
Scope CreepGradual increases in project scope that can undermine the success of a project.
StakeholdersA person or group with an interest in a project and the power to exert influence over the project and affects results.
Needs AnalysisDetermining a customer's needs by acquiring information, processing and evaluating the information, then creating a plan of action to address the needs.
AssumptionA factor that is considered to be real or certain for planning purposes.
ConstraintA factor, such as budget or time, that limits a project managers options.
Statement of Work (SOW)A contract to initiate a project; the contract contains project goals and specifies how those goals will be met.
Project ScheduleA document that lists the planned dates for performing tasks and meeting goals defined in a project plan.
Gantt ChartA horizontal bar chart that graphically displays project tasks and durations.
Return on Investment (ROI)Profit earned as a result of a project relative to the value of resources required to complete it.


Stephen

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