Glossary B Flashcards
(15 cards)
Backlog.
An ordered list of work to be done.
Backlog Refinement.
Progressive elaboration of the content in the backlog and (re)prioritization of it to identify the work that can be accomplished in an upcoming iteration
Baseline.
The approved version of a work product, used as a basis for comparison to actual results
Basis of Estimates.
Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels
Benchmarking.
The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance
Benefits Management Plan.
The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program
Bid Documents.
All documents used to solicit information, quotations, or proposals from prospective sellers.
Bidder Conference.
The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences.
Blocker.
See impediment.
Budget.
The approved estimate for the project or any work breakdown structure (WBS) component or any schedule activity
Budget at Completion (BAC).
The sum of all budgets established for the work to be performed.
Burn Chart.
A graphical representation of the work remaining in a timebox or the work completed toward the release of a product or project deliverable.
Business Case.
A value proposition for a proposed project that may include financial and nonfinancial benefits
Business Model Canvas.
A one-page, visual summary that describes the value proposition, infrastructure, customers, and finances. These are often used in Lean Startup situations.
Business Value.
The net quantifiable benefit derived from a business endeavor that may be tangible, intangible, or both.
