Project Management Vocabulary 5

📚 Key vocabulary
stakeholder — any individual, group, or organization that has an interest in or is affected by a project's outcome
deliverable — a tangible or intangible output produced as part of a project that can be measured and verified
scope creep — the uncontrolled expansion of a project's requirements beyond what was originally agreed upon
critical path — the longest sequence of dependent tasks in a project that determines the minimum completion time
milestone — a significant event or achievement in a project timeline that marks progress toward completion
risk register — a document used to identify, assess, and monitor potential risks throughout a project
Gantt chart — a bar chart showing a project schedule with tasks, durations, and dependencies plotted over time
sprint — a short, time-boxed period in Agile projects during which a specific set of tasks is completed
baseline — the approved version of a project plan used as a reference point to measure actual performance
resource allocation — the process of identifying and assigning available resources to project tasks efficiently