Project management

Gantt Chart: A Gantt Chart is a visual timeline that shows the schedule of a project. It displays tasks, their durations, and dependencies, helping project managers track progress and ensure timely completion. Kanban: Kanban is a visual project management method for tracking and improving workflow. Work items are organized on a board, making it easy to monitor progress, identify bottlenecks, and optimize efficiency through continuous improvement. Lean: Lean is a project management philosophy aimed at maximizing value while minimizing waste. Originating from manufacturing, Lean emphasizes efficiency, continuous improvement, and delivering more value with fewer resources. OKR: Objectives and Key Results (OKR) is a goal-setting framework that aligns team objectives with measurable outcomes, enabling teams to track progress and achieve ambitious goals through focused efforts. PMO: Project Management Office (PMO) is a centralized department within an organization that defines and maintains project management standards. The PMO provides oversight, resources, and guidelines to ensure successful project execution. ROI: Return on Investment (ROI) measures the profitability of a project by comparing the expected financial return to the costs. It helps determine the value and impact of a project. Scrum: Scrum is a framework within Agile for managing and completing complex projects. It divides work into time-boxed iterations called sprints, focusing on continuous improvement and team collaboration. Scrum roles include Product Owner, Scrum Master, and Development Team. SMART Goals: SMART Goals are specific, measurable, achievable, relevant, and time-bound objectives used in project management to ensure clear and attainable targets. SOW: Statement of Work (SOW) is a document that outlines project specifics, including deliverables, timelines, and expectations. It is often used as a contract to define the scope of a project with stakeholders or clients. Waterfall: Waterfall is a traditional project management approach where tasks are completed sequentially. Each phase, such as planning, design, development, and testing, must be finished before moving to the next. Waterfall works well for projects with clear, unchanging requirements. WBS: Work Breakdown Structure (WBS) is a hierarchical breakdown of a project into smaller, manageable components. WBS helps organize and define tasks, making it easier to track progress and manage project complexity.