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Digital Business Management Assignments Synonyms


Summary

Digital asset management is the effective organisation, retrieval and distribution of digitised files.

  • This technology is often available on premises or in the cloud.
  • Keeping files in a cloud based DAM system helps to keep your files safe, organized and available from anywhere at a moment’s notice.
  • Digital asset management is a key tool in brand management, as making sure team members have immediate access to the correct branded materials helps to facilitate brand consistency across an organization.
  • To make sure that you maximise return on investment in digital asset management software, it is important to give users adequate training in how to use the DAM system.
  • Bynder’s AI capabilities allow files to be tagged automatically (with 80% accuracy) upon upload. This means that files can be organized and found faster than ever.

A quick intro...


Guide contents

  1. Who should read this guide?
  2. What is digital asset management?
  3. The benefits of digital asset management software
  4. Case studies: the benefits of digital asset management in reality
  5. The cost of digital asset management
  6. Identifying your digital asset management requirements
  7. Implementing digital asset management software
  8. Digital asset management ROI
  9. The future of digital asset management
  10. The digital asset management glossary
  11. Conclusion 

1. Who should read this guide?

This guide was created to help introduce and explain the purpose and role of digital asset management (DAM) within an organization. Are you assessing whether or not to invest in digital asset management? Want to learn about what DAM is? Or, are you trying to determine if your existing digital asset management software matches the needs of your organization? If so, then this guide is for you.

Any organization can use DAM . Typically, marketing departments see the biggest benefit as they need to quickly and easily access a large number of content files. However, this depends on the type of organization and the function that it fulfills, as in many instances, many departments receive an equal benefit from the introduction of a digital asset management system.

Wondering if your competitors are already using DAM software? Digital asset management has become an essential tool in a wide range of industries including:

  • Law enforcement
  • Military
  • Travel and leisure
  • Food and beverages
  • Media and agency
  • Finance and insurance
  • Education and government
  • Charities and nonprofit
  • Pharma and healthcare
  • Fashion
  • Consumer goods and retail
  • Transportation

This guide will provide an in-depth explanation of what DAM is, what DAM does, whether you need DAM, how to get the most out of it and where DAM is heading in the future.

2. What is digital asset management?

Let's start by nailing down the first part of the term. "Digital asset" is a fancy description for a file that is saved in a digital format. Characterized as "assets" to reflect the value they hold for the user; assets can cover everything from an image file to a financial report.

DAM is a must-have in sales and marketing . In its most basic state, DAM is a system used to store files in a digital format. However, it is much more than just a well-organized digital filing system. A well integrated—and well-used—DAM tool is a dynamic storage and delivery system that can be either hosted on site, or in the cloud.

Although a relatively new concept, understanding of digital asset management is improving across marketing departments and organizations. DAM software was born out of a need for organizations to be able to store their digital assets in a safe and organized environment, and as this need grows, digital asset management knowledge will improve.

Want to know how DAM could help you? Download The definitive guide to DAM.

3. The benefits of digital asset management software

The true value of DAM becomes apparent when users move, view and use digital assets.

Quality digital asset management software will enable users to access the digital assets they need as fast as possible. This could be by downloading the asset, viewing the asset or embedding the asset on an external site. Having an active content delivery network (CDN) will ensure that the asset is loaded to the external source as quickly as possible. 

To access an asset, you first need to be able to find it. DAM solutions provide a number of quick and easy ways to navigate through your digital assets. The traditional way to organize assets is through a system of folders. Each asset is placed into the folder that suits its type or purpose. An alternative, but common, approach to digital asset organization is through a filter system—where digital assets are assigned a series of meta-properties during the upload process. The user can apply filters to the digital asset bank and filter out the assets that they do not want.

Using filters is a more efficient form of organization, especially when compared to a folder structure—which is dependent upon the asset uploader depositing the file where they think it should be stored. Future users searching for the same asset may then become frustrated when they can't find it in the folder they believe the asset is best suited, which raises concerns regarding asset assignment. With a filter structure, the user can assign several different properties to one asset, meaning that if the asset satisfies different criteria, the asset can then be filtered and found.

It could be argued that users of a folder-based system can create multiple versions of the same asset and place these copies into every folder that it is suited. However, this causes a number of problems. When this asset needs to be updated, it's important that all copies of the asset are updated. This in itself could take some time, and copies may be forgotten. Making numerous copies of the same asset purely for navigational purposes would also be an inefficient use of file storage space. 

A digital asset management solution also enables an organization to grant, and police the rights of all users. Permissions to access the portal and different assets can be restricted, as well as the ability to edit and replace assets within the DAM system.

Additionally, DAM software facilitates the use of the correct versions of assets. This means that people do not use different versions of the same asset, such as out of date logos or sales presentations. This ensures that an organization's brand is presented in a consistent way—which is crucial for recognition and strength.

Allowing access to digital assets from anywhere in the world is another benefit of DAM. Using cloud-based digital asset management software ensures that all users have access to the digital assets that they need from wherever they are in the world.  In organizations that have offices and employees across the world, this capability is immensely valuable.

Digital asset management systems also offer a secure place to store your digital assets. Secure login ensures that only the people you want to have access to your digital assets will have access to them. Additionally, you may be able to change the permissions of user accounts which provide the ability to upload new assets or edit existing assets. This makes sure that everyone has the type of access to the digital asset bank that they require. 

4. Case studies: the benefits of digital asset management in reality

  • Learn how innocent drinks reached 2,500 downloads in the first 30 days.
  • Find out how Icelandair enjoyed a 50% reduction in search time after they moved to the Bynder.
  • Read about how Battersea Dogs & Cats Home have 12,000 stored media assets.
  • DPDgroup have 163 marketers successfully using Bynder. Click to read more. 
  • Bynder digital asset management has helped AkzoNobel to reduce internal emails by 90%.

Download the free e-book - The definitive guide to DAM

5. The cost of digital asset management

The costs of your digital asset management software can be split by the time it takes to install the solution and its on-going costs.

The costs of installing your digital asset management bank will depend on the DAM software vendor you choose. Bynder software works in the cloud.  Consequently, there are no on-site technical installations that need to take place.  Other DAM software solutions that do not offer cloud-based storage may require costly on-site installations on your organization’s premises.

Another significant cost to consider is the time it takes to decide on the taxonomy and organizational structure of your digital asset bank. It's important to invest time in planning how to organize your assets because this will dictate the usability of your system. A mark of a great DAM is that the DAM taxonomy is closely tied to the type of assets that your organisation creates.

Training is another factor that needs to be taken into account when reviewing digital asset management costs. When browsing different providers, make sure that the user interface is easy to understand—as this will help to reduce user training and streamline the process of making your system operational. 

The final (and probably greatest) DAM cost to contemplate is any ongoing service or subscription fee. While entirely dependent upon the DAM provider that you choose, it's important to identify your digital asset management goals so that you can examine which DAM vendors are best suited to your usage and budget requirements. The best DAM vendors will offer product demos so that you can see how the product works and if it is worth your investment. Click here for a Bynder product trial.

6. Identifying your digital asset management requirements

Every organization has different digital assets and different creative processes. Therefore, every organization has different digital asset management requirements. It's important to think about how your current processes are inefficient and where you are experiencing challenges. Have a chat with various departments and see what they think. You could even pass around an online form and ask people to fill it in.

For example; do colleagues keep using the old version of a logo even though a new one has been created? A common pain point is that after a new logo has been created in a company, people still use the old logo in presentations or on the website. So, a requirement that you may identify would be that you need a DAM that has version control. Therefore, once a new version of an existing asset has been created, it can overwrite the the old version. This means that the old version is no longer available and so cannot be used.

Do you have so many files that it takes an age to find anything? As an example, an email marketer who works in an e-Commerce company will need quick access to hundreds of different product images so that they can be used in marketing emails. If your files are poorly organized, it will take considerably longer to find the images that you need, and therefore will take longer to create your marketing emails. So, in this scenario, you might require a DAM that helps you to organize your product images in a more sensible way.

Is an ability to access assets while on the move important to you and your team? With mobile DAM access, this is possible. This is particularly important for organizations who have fast-moving sales teams who require access to key assets when a computer cannot be used.

Or do you already have a DAM, but there is no usage information available, and so you cannot see the ROI it is generating for the company? So then you may decide that a requirement for a new DAM would be that you want to have user analytics so that you can see who is using the DAM and which assets are being used—and which are not.

After you have identified your unique pain points, then you can start to understand what you require from your digital asset management system.

7. Implementing digital asset management software

Deciding how to organize your assets is a big step in the implementation of your digital asset management software. So it is important to spend time developing a consistent taxonomy for your assets.

Digital asset management software can be complex, and so educating users on how to use your system is of utmost importance. The level of education required will depend on your users—how familiar are your users with DAM software and online technology in general? It is important to give detailed information on how the digital asset management system works, and all of the different features that are available to users. It is also important to create a bank of this information where users can search and find previous lessons where necessary.

Finally, one of the most effective ways to encourage take-up of your digital asset management system is to brand the portal according to your brand guidelines.  In this way, users feel more comfortable in working with something that has the same look and feel as their own intranet or website. Therefore, it is important to take this into account when implementing your DAM solution.

8. Digital asset management ROI

Making sure that you see an investment from any software package that you implement in your company is crucial, and digital asset management software is no different. Unsurprisingly, achieving a return on investment in digital asset management depends on the usage of the digital assets.

Two main things can be done to increase the usage of your DAM software. Primarily, properly educate users on how DAM software works—this will help the user to understand how the DAM software can benefit them. Secondly, admin users should analyze usage statistics to identify any users who are slow to adopt the system and may subsequently require more training or support.

9. The future of digital asset management

The way marketing teams work is changing. And, so is digital asset management. This section will detail the key technological advances happening in digital asset management now—and in the future.

Mobile DAM apps are a major source of innovation within the DAM space. So much of how organizations function is now tied to mobile technology and on-the-move functionality. Mobile app digital asset management has become a key tool in the ability of marketing teams to utilize the assets they need, right when they need them.

Additionally, AI for DAM is arriving and can be used in everyday business. Bynder’s latest AI capabilities are empowering marketers with the ability to automate the uploading of visual assets. Bynder’s AI capabilities empower marketers with the ability to automate and streamline daily processes.

With automated tags generated with 80% accuracy upon upload, marketers can find what they need faster, saving hours of administrative duties including organization of all marketing graphics, files and videos. This sits right at the heart of what we believe is important for marketers today; freeing up the time to get back to their creative roots. To read more about Bynder’s latest AI capabilities, click here.

Intelligent asset suggestion will be another forward step in the future of digital asset management. DAM software will integrate with digital analytics platforms to identify the digital assets that lead to the highest number of conversions when they are included in online marketing materials.  As a result, your digital asset management software will be able to suggest the asset that you should use in your marketing materials to secure the highest conversion rate.

10. The digital asset management glossary

The following section will provide definitions for key digital asset management terms.

Cloud-based SaaS DAM solution: The software as a service model is a more forward-thinking system of digital asset management. The software is not directly installed on the machines in your organization, but rather based in the cloud. Users are given access to the software through the internet. This means that users can access the software from whichever device they want, from any location, rather than just the device that the software has been installed on. Additionally, SaaS product updates can be made directly to the software on the cloud and so is instantly available to everyone.
Collections: Collections are a term used in the Bynder DAM solution and defines a group of assets that can be shared with others.
Creative content platform: The term "creative content platform" is a synonym of digital asset management.
DAM software: DAM Software is a synonym of digital asset management.
DAM system: The term DAM system is a synonym of digital asset management.
DAM taxonomy: Digital asset management taxonomy is the system of names and properties that are assigned to digital assets so that they can be found at a later date.
Search: Digital asset search is the main method of navigation within many digital asset banks. Many search bars now have auto complete to help the user ensure that they type the correct keyword into the search bar.
Digital asset: A digital asset is a file in a digital form.
Digital content management: Digital content management is a synonym of digital asset management.
Digital media management: Digital media management is a synonym of digital asset management.
Digital rights management: Digital rights management is the way in which an organization will control the legal right to distribute certain images and/or files as part of their marketing efforts or otherwise.
Derivative:A derivative is an altered version of a file. For example, your DAM portal may allow you to create derivatives of an image based on dimensions.
Enterprise content management:Enterprise content management is a synonym of digital asset management.
Filter: Filtering is the method by which Bynder's digital asset management organizes assets. Users add meta-properties to digital assets on upload. When users want to filter the digital asset bank, filters can be applied which will filter irrelevant assets out of your view, leaving you with a collection of assets that fit your criteria.
Media management software: Media management software is a synonym of digital asset management.
Metadata: Metadata is information that is assigned to each asset to aid the organization and searchability of the digital asset.
On-site DAM solution: An on-site digital asset solution involves the use of on-site servers to store the digital assets of the organization. This method of digital asset management requires a much longer period of installation as physical components must be stored in the premises of the organization. Additionally, work must be carried out to ensure the security of the physical location of the storage servers to ensure that the digital assets are safe from theft. Software updates must also be made on each individual device. This process can take a great deal of time, and if the software needs to be regularly updated, this can cause a disruption to productivity within an organization.
System integration: Digital asset management systems often have integration options with third-party tools.
Watermarking: Watermarking your digital assets is a way of ensuring that people do not use digital assets without the correct digital copyright permissions.

11. Conclusion

This guide has provided an overview of what digital asset management is; its benefits, and detailed the factors that must be considered when implementing a digital asset management solution. It explained the costs associated and the implementation of DAM, how to maximize DAM return on investment, and finally, how it may develop in the future.

If you would like to view a demo of the Bynder digital asset management solution, please click here.

If you have any questions about this guide, please get in contact with us here.

 

From Wikipedia, the free encyclopedia

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Main article: Project Management

A glossary of terms relating to Project management/consulting.

A[edit]

  • Agile software development is a set of fundamental principles about how software should be developed based on an agile way of working in contrast to previous heavy-handed software development methodologies.[1]
  • Aggregate planning is an operational activity which does an aggregate plan for the production process, in advance of 2 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of operations of the organization is kept to the minimum over that period.
  • Allocation is the assignment of available resources in an economic way.

B[edit]

  • Benefits management plan a document that describes the activities necessary for achieving the benefits of a project and when these planned benefits will be delivered. It also outlines metrics and procedures to measure progress against benefits.
  • BOSCARD a strategic planning tool used in project management to give the Terms of reference for new projects.
  • Budget generally refers to a list of all planned expenses and revenues.
  • Budgeted cost of work performed (BCWP) measures the budgeted cost of work that has actually been performed, rather than the cost of work scheduled.
  • Budgeted cost of work scheduled (BCWS) the approved budget that has been allocated to complete a scheduled task (or Work Breakdown Structure (WBS) component) during a specific time period.
  • Business case a document that examines business need and cost-benefits analysis of a project to justify the approval of the project and to set its boundaries.
  • Business model is a profit-producing system that has an important degree of independence from the other systems within an enterprise.
  • Business analysis is the set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems. Solutions often include a systems development component, but may also consist of process improvement or organizational change.
  • Business operations are those ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders. They are contrasted with project management, and consist of business processes.
  • Business process is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers. There are three types of business processes: Management processes, Operational processes, and Supporting processes.
  • Business Process Modeling (BPM) is the activity of representing processes of an enterprise, so that the current ("as is") process may be analyzed and improved in future ("to be").

C[edit]

  • Capability Maturity Model (CMM) in software engineering is a model of the maturity of the capability of certain business processes. A maturity model can be described as a structured collection of elements that describe certain aspects of maturity in an organization, and aids in the definition and understanding of an organization's processes.
  • Change control is the procedures used to ensure that changes (normally, but not necessarily, to IT systems) are introduced in a controlled and coordinated manner. Change control is a major aspect of the broader discipline of change management.
  • Change management is a field of management focused on organizational changes. It aims to ensure that methods and procedures are used for efficient and prompt handling of all changes to controlled IT infrastructure, in order to minimize the number and impact of any related incidents upon service.
  • Case study is a research method which involves an in-depth, longitudinal examination of a single instance or event: a case. They provide a systematic way of looking at events, collecting data, analyzing information, and reporting the results.
  • Certified Associate in Project Management is an entry-level certification for project practitioners offered by Project Management Institute.
  • Communications Log is an ongoing documentation of communication events between any identified project stakeholders, managed and collected by the project manager that describes: the sender and receiver of the communication event; where, when and for how long the communication event elapsed; in what form the communication event took place; a summary of what information was communicated; what actions/outcomes should be taken as a result of the communication event; and to what level of priority should the actions/outcomes of the communication event be graded
  • Constructability is a project management technique to review the construction processes from start to finish during pre-construction phrase. It will identify obstacles before a project is actually built to reduce or prevent error, delays, and cost overrun.
  • Costs in economics, business, and accounting are the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.
  • Cost engineering is the area of engineering practice where engineering judgment and experience are used in the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and planning and scheduling."[2]
  • Construction, in the fields of architecture and civil engineering, is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking. Normally the job is managed by the project manager and supervised by the construction manager, design engineer, construction engineer or project architect.
  • Cost overrun is defined as excess of actual cost over budget.
  • Critical path method (CPM) is a mathematically based modeling technique for scheduling a set of project activities, used in project management.
  • Critical chain project management (CCPM) is a method of planning and managing projects that puts more emphasis on the resources required to execute project tasks.

D[edit]

  • Dependency in a project network is a link amongst a project's terminal elements.
  • Dynamic Systems Development Method (DSDM) is a software development methodology originally based upon the Rapid Application Development methodology. DSDM is an iterative and incremental approach that emphasizes continuous user involvement.
  • Duration of a project's terminal element is the number of calendar periods it takes from the time the execution of element starts to the moment it is completed.
  • Deliverable A contractually required work product, produced and delivered to a required state. A deliverable may be a document, hardware, software or other tangible product.

E[edit]

  • Earned schedule (ES) is an extension to earned value management (EVM), which renames 2 traditional measures, to indicate clearly they are in units of currency or quantity, not time.
  • Earned value management (EVM) is a project management technique for measuring project progress in an objective manner, with a combination of measuring scope, schedule, and cost in a single integrated system.
  • Effort management is a project management subdiscipline for effective and efficient use of time and resources to perform activities regarding quantity, quality and direction.
  • Enterprise modeling is the process of understanding an enterprise business and improving its performance through creation of enterprise models. This includes the modelling of the relevant business domain (usually relatively stable), business processes (usually more volatile), and Information technology
  • Estimation in project management is the processes of making accurate estimates using the appropriate techniques.
  • Event chain diagram : diagram that show the relationships between events and tasks and how the events affect each other.
  • Event chain methodology is an uncertainty modeling and schedule network analysis technique that is focused on identifying and managing events and event chains that affect project schedules.
  • Executive sponsor is the senior member of the project board and often the chair.
  • Extreme project management (XPM) refers to a method of managing very complex and very uncertain projects.

F[edit]

  • Float in a project network is the amount of time that a task in a project network can be delayed without causing a delay to subsequent tasks and or the project completion date.
  • Focused improvement in Theory of Constraints is the ensemble of activities aimed at elevating the performance of any system, especially a business system, with respect to its goal by eliminating its constraints one by one and by not working on non-constraints.
  • Fordism, named after Henry Ford, refers to various social theories. It has varying but related meanings in different fields, and for Marxist and non-Marxist scholars.

G[edit]

  • Henry Gantt was an American mechanical engineer and management consultant, who developed the Gantt chart in the 1910s.
  • Gantt chart is a type of bar chart that illustrates a project schedule. It illustrates the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project.
  • Goal or objective consists of a projected state of affairs which a person or a system plans or intends to achieve or bring about — a personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines
  • Goal setting involves establishing specific, measurable and time targeted objectives
  • Graphical Evaluation and Review Technique (GERT) is a network analysis technique that allows probabilistic treatment of both network logic and activity duration estimated.

H[edit]

  • Hammock activity is a grouping of subtasks that "hangs" between two end dates it is tied to (or the two end-events it is fixed to).
  • HERMES is a Project Management Method developed by the Swiss Government, based on the German V-Modell. The first domain of application was software projects.

I[edit]

  • Integrated Master Plan (IMP) is an event-based, top level plan, consisting of a hierarchy of Program Events.
  • ISO 10006 is a guidelines for quality management in projects, is an international standard developed by the International Organization for Standardization.
  • Iterative and Incremental development is a cyclic software development process developed in response to the weaknesses of the waterfall model. It starts with an initial planning and ends with deployment with the cyclic interaction in between

K[edit]

  • Kickoff meeting is the first meeting with the project team and the client of the project.

L[edit]

  • Level of Effort (LOE) is qualified as a support type activity which doesn't lend itself to measurement of a discrete accomplishment. Examples of such an activity may be project budget accounting, customer liaison, etc.
  • Linear scheduling method (LSM) is a graphical scheduling method focusing on continuous resource utilization in repetitive activities. It is believed that it originally adopted the idea of Line-Of-Balance method.
  • Lean manufacturing or lean production, which is often known simply as "Lean", is the practice of a theory of production that considers the expenditure of resources for any means other than the creation of value for the presumed customer to be wasteful, and thus a target for elimination.

M[edit]

  • Management in business and human organization activity is simply the act of getting people together to accomplish desired goals. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.
  • Management process is a process of planning and controlling the performance or execution of any type of activity.
  • Management science (MS), is the discipline of using mathematical modeling and other analytical methods, to help make better business management decisions.
  • Megaproject is an extremely large-scale investment project.
  • Milestones are tools used in project management to mark specific points along a project timeline.
  • Motivation is the set of reasons that prompts one to engage in a particular behavior.

N[edit]

  • Nonlinear Management (NLM) is a superset of management techniques and strategies that allows order to emerge by giving organizations the space to self-organize, evolve and adapt, encompassing Agile, Evolutionary and Lean approaches, as well as many others.

O[edit]

  • Operations management is an area of business that is concerned with the production of good quality goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. It is the management of resources, the distribution of goods and services to customers, and the analysis of queue systems.
  • Operations, see Business operations
  • Operations Research (OR) is an interdisciplinary branch of applied mathematics and formal science that uses methods such as mathematical modeling, statistics, and algorithms to arrive at optimal or near optimal solutions to complex problems.
  • Organization is a social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment.
  • Organization development (OD) is a planned, structured, organization-wide effort to increase the organization's effectiveness and health.

P[edit]

  • Planning in organizations and public policy is both the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired goal on some scale.
  • Portfolio in finance is an appropriate mix of or collection of investments held by an institution or a private individual.
  • PRINCE2 : PRINCE2 is a project management methodology. The planning, monitoring and control of all aspects of the project and the motivation of all those involved in it to achieve the project objectives on time and to the specified cost, quality and performance.[3]
  • Process is an ongoing collection of activities, with an inputs, outputs and the energy required to transform inputs to outputs.
  • Process architecture is the structural design of general process systems and applies to fields such as computers (software, hardware, networks, etc.), business processes (enterprise architecture, policy and procedures, logistics, project management, etc.), and any other process system of varying degrees of complexity.
  • Process management is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering.
  • Product breakdown structure (PBS) in project management is an exhaustive, hierarchical tree structure of components that make up an item, arranged in whole-part relationship.
  • Product description in project management is a structured format of presenting information about a project product
  • Program Evaluation and Review Technique (PERT) is a statistical tool, used in project management, designed to analyze and represent the tasks involved in completing a given project.
  • Program Management is the process of managing multiple ongoing inter-dependent projects. An example would be that of designing, manufacturing and providing support infrastructure for an automobile manufacturer.
  • Project : A temporary endeavor undertaken to create a unique product, service, or result.[4]
  • Project accounting Is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management.
  • Project charter is a statement of the scope, objectives, and participants in a project.
  • Project Cost Management A method of managing a project in real-time from the estimating stage to project control; through the use of technology cost, schedule and productivity is monitored.
  • Project management : The complete set of tasks, techniques, tools applied during project execution'.[5]
  • Project Management Body of Knowledge (PMBOK) : The sum of knowledge within the profession of project management that is standardized by ISO.[6]
  • Project management office: The Project management office in a business or professional enterprise is the department or group that defines and maintains the standards of process, generally related to project management, within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation, guidance and metrics on the practice of project management and execution.
  • Project management process is the management process of planning and controlling the performance or execution of a project.
  • Project Management Professional is a certificated professional in project management.
  • Project Management Simulators are computer-based tools used in project management training programs. Usually, project management simulation is a group exercise. The computer-based simulation is an interactive learning activity.
  • Project management software is a type of software, including scheduling, cost control and budget management, resource allocation, collaboration software, communication, quality management and documentation or administration systems, which are used to deal with the complexity of large projects.
  • Project Management Triangle is a model of the constraints of project management.
  • Project manager : professional in the field of project management. Project managers can have the responsibility of the planning, execution, and closing of any project, typically relating to construction industry, architecture, computer networking, telecommunications or software development.
  • Project network is a graph (flow chart) depicting the sequence in which a project's terminal elements are to be completed by showing terminal elements and their dependencies.
  • Project plan is a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed.[7]
  • Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment.[8]
  • Project stakeholders are those entities within or without an organization which sponsor a project or, have an interest or a gain upon a successful completion of a project.
  • Project team is the management team leading the project, and provide services to the project. Projects often bring together a variety number of problems. Stakeholders have important issues with others.
  • Proport refers to the combination of the unique skills of an organisation's members for collective advantage.

Q[edit]

  • Quality can mean a high degree of excellence ("a quality product"), a degree of excellence or the lack of it ("work of average quality"), or a property of something ("the addictive quality of alcohol").[1] Distinct from the vernacular, the subject of this article is the business interpretation of quality.
  • Quality, Cost, Delivery(QCD) as used in lean manufacturing measures a businesses activity and develops Key performance indicators. QCD analysis often forms a part of continuous improvement programs

R[edit]

  • Reengineering is radical redesign of an organization's processes, especially its business processes. Rather than organizing a firm into functional specialties (like production, accounting, marketing, etc.) and considering the tasks that each function performs; complete processes from materials acquisition, to production, to marketing and distribution should be considered. The firm should be re-engineered into a series of processes.
  • Resources are what is required to carry out a project's tasks. They can be people, equipment, facilities, funding, or anything else capable of definition (usually other than labour) required for the completion of a project activity.
  • Resource leveling : 'A scheduling calculation that delays activities such that resource usage is kept below specified limits. It is also known as resource limited scheduling'.[9]
  • Risk is the precise probability of specific eventualities.
  • Risk management is a management specialism aiming to reduce different risks related to a preselected domain to the level accepted by society. It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics.
  • Risk register is a tool commonly used in project planning and organizational risk assessments.

S[edit]

  • Schedules in project management consists of a list of a project's terminal elements with intended to start and finish dates.
  • Scientific management is a theory of management that analyzes and synthesizes workflow processes, improving labor productivity.
  • Scope of a project in project management is the sum total of all of its products and their requirements or features.
  • Scope creep refers to uncontrolled changes in a project's scope. This phenomenon can occur when the scope of a project is not properly defined, documented, or controlled. It is generally considered a negative occurrence that is to be avoided.
  • Scrum is an iterative incremental process of software development commonly used with agile software development. Despite the fact that "Scrum" is not an acronym, some companies implementing the process have been known to adhere to an all capital letter expression of the word, i.e. SCRUM.
  • Six Sigma is a business management strategy, originally developed by Motorola, that today enjoys widespread application in many sectors of industry.
  • Software engineering is the application of a systematic, disciplined, quantifiable approach to the development, operation, and maintenance of software.[10]
  • Standards are documents approved by a recognized body, that provide, for common and repeated use, rules, guidelines, or characteristics for products, processes, or services with which compliance is not mandatory. (ISO 9453)[11]
  • Stakeholder Clients or other parties invested in the Project.
  • Systems Development Life Cycle (SDLC) is any logical process used by a systems analyst to develop an information system, including requirements, validation, training, and user ownership. An SDLC should result in a high quality system that meets or exceeds customer expectations, within time and cost estimates, works effectively and efficiently in the current and planned IT infrastructure, and is cheap to maintain and cost-effective to enhance.[12]
  • Systems engineering is an interdisciplinary field of engineering that focuses on how complex engineering projects should be designed and managed.

T[edit]

  • Task is part of a set of actions which accomplish a job, problem or assignment.
  • Tasks in project management are activity that needs to be accomplished within a defined period of time.
  • Task analysis is the analysis or a breakdown of exactly how a task is accomplished, such as what sub-tasks are required
  • Time limit is a narrow field of time, or a particular point in time, by which an objective or task must be accomplished.
  • Timeline is a graphical representation of a chronological sequence of events, also referred to as a chronology. It can also mean a schedule of activities, such as a timetable.

U[edit]

V[edit]

  • Value engineering (VE) is a systematic method to improve the "value" of goods and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements.[13]
  • Vertical slice is a type of milestone, benchmark, or deadline, with emphasis on demonstrating progress across all components of a project.
  • Virtual Design and Construction (VDC) is the use of integrated multi-disciplinary performance models of design-construction projects, including the Product (i.e., facilities), Work Processes and Organization of the design - construction - operation team in order to support explicit and public business objectives.

W[edit]

  • Wideband Delphi is a consensus-based estimation technique for estimating effort.
  • Work in project management is the amount of effort applied to produce a deliverable or to accomplish a task (a terminal element).
  • Work Breakdown Structure (WBS) is a method and a kind of representation that defines a project and groups the project’s discrete work elements in a way that helps organize and define the total work scope of the project. A Work breakdown structure element may be a product, data, a service, or any combination. WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance for schedule development and control.
  • Work package is a subset of a project that can be assigned to a specific party for execution. Because of the similarity, work packages are often misidentified as projects.
  • Work stream is a set of associated activities, focused around a particular scope that follow a path from initiation to completion.

Related lists[edit]

References[edit]

External links[edit]

Capability Maturity Model.
PERT chart with two critical paths.
Project Management Triangle
The systems development life cycle.
A work breakdown structure.
  1. ^Peter Schuh (2005). Integrating Agile Development in the Real World. ebrary, Inc. p.2.
  2. ^AACE International's Recommended Practice 11R-88, Required Skills and Knowledge of Cost Engineering, provides some answers which are excerpted here. Beyond being a guiding document for AACE International’s education and certification developments, 11R-88 is an excellent reference for industry core competency and career model development.
  3. ^The PRINCE2 Guide - A to Z.
  4. ^Project Management Institute (2004). A Guide to the Project Management Body of Knowledge: PMBOK Guide. 3rd Edition. Newtown Square, Pennsylvania, Project Management Institute, p. 5.
  5. ^DIN 69901
  6. ^http://www.pmi.org/info/PP_OPM3ExecGuide.pdf
  7. ^Project Management Body of Knowledge (PMBOK), 2000 Edition
  8. ^Harold Kerzner (2003). Project Management: A Systems Approach to Planning, Scheduling, and Controlling (8th ed.). Wiley. ISBN 0-471-22577-0. 
  9. ^"Resource levelling". Retrieved June 27, 2015. 
  10. ^"IEEE Standard Glossary of Software Engineering Terminology," IEEE std 610.12-1990, 1990, quoted at the beginning of Chapter 1: Introduction to the guide "Guide to the Software Engineering Body of Knowledge". February 6, 2004. Archived from the original on 2008-01-18. Retrieved 2008-02-21. 
  11. ^A Guide to the Project Management Body of Knowledge (pmbok Guide), Fifth Edition. 5th ed. Newtown Square, Pa.: Project Management Institute, 2013.
  12. ^"Systems Development Life Cycle". In: Foldoc(2000-12-24)
  13. ^Value Methodology Standard

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