Product vs. Program
Products are individual items or services designed to meet specific customer needs, while programs are collections of related projects and products managed together to achieve broader strategic goals.
Products are individual items or services designed to meet specific customer needs, while programs are collections of related projects and products managed together to achieve broader strategic goals.
A document that outlines the objectives, scope, deliverables, and timeline of a project, providing clear direction and expectations for all stakeholders.
Also known as feature creep, the continuous addition of new features to a product, often beyond the original scope, leading to project delays and resource strain.
Statement of Work (SOW) is a formal document that outlines the scope, objectives, deliverables, and timelines for a project.
A professional responsible for planning, executing, and closing projects, ensuring they are completed on time, within scope, and on budget.
Product Requirements is a document that outlines the essential features, functionalities, and constraints of a product.
The abilities and knowledge required to effectively plan, execute, and close projects, including leadership, communication, time management, and risk management.
Balanced Scorecard (BSC) is a strategic planning and management system used to align business activities to the vision and strategy of the organization.
Minimum Marketable Feature (MMF) is the smallest set of functionality that delivers significant value to users and can be marketed effectively.