Terms for Projects in 2021

December 17, 2020


As times change, so do the terms we use to communicate with each other. This change in terminology is also true in project management. Trends, technologies, and new methodologies significantly influence a project manager's profession, as these changes are often the core drivers for projects. While companies and their environments evolve, so must the project manager who manages this change.

We have, therefore, collected a summary of the current terms and topics in project management:

Agile. Everyone knows it, many talk about it, and there are many variations. Our Agile article helps with open questions.

The Business Model. To manage projects in line with business goals, it is important to know the company's business model inside out.

The famous scope creep. One of the most extensive and most challenging aspects of the project to control remains the scope and content. Scope creep describes the slow and unnoticeable growth of tasks that slowly but surely puts the schedule in jeopardy.

The End User. As companies become more customer-centric, an increasing number of initiatives aim to improve companies' customer approaches. It is time for project managers to think of the end-user.

Data Modeling. In the course of digitalization, it is becoming increasingly important to learn from data. In data modeling, conventions are, therefore, visually defined and documented, which should contribute to the data's usability.

Emotional intelligence (EQ). Many different people work together on projects, so, inevitably, things do not always run harmoniously. EQ describes a person's ability to be empathetic and to manage situations well by controlling emotions.

Strategic Analysis. Projects linked to strategic goals. It is, therefore, necessary to understand why and how a project is to be carried out. This basic understanding can be well understood by the project team so that everyone acts in the project's spirit.

Hybrid Methodology. Most articles or books that write about Agile project management also address the hybrid approach. Hybrid means to combine Agile methods with the structure and process of classic project management.

Even though Agile methods have received more attention in recent years, it is still essential to master classic techniques:

WBS stands for Work Breakdown Structure. The WBS divides the project into smaller work packages and sub-projects. It helps to manage better and estimate the effort more precisely.

Milestones. The milestones show progress on the road as well as in the project. Therefore, most milestones in the project are goals, which are to be reached at a fixed date.

Triple Constraints. The three factors, time, budget, and quality/scope, limit every project. In project management, a good compromise between these factors must be found.

Project Life Cycle. Depending on the type of project and its degree of predictability, defining a suitable life cycle is necessary. Then, the life cycle will determine which methods should be used.

Gantt Chart. The Gantt chart shows the sequence of the individual process steps and their interdependencies. The timeline can also be used to track the target progress.

CCB - Change Control Board. To prevent scope creep as far as possible, changes to the project should only be made after a thorough consultation. A project committee then discusses the extent of the changes and how this will affect the entire project. Changes should be incorporated in a controlled manner.

Stakeholders. All those who are affected by a project are called stakeholders. They have a direct or indirect impact on the success of the project and should receive consideration.

Risk Mitigation. Influences lurk everywhere, which can bring the project in danger. These risks must be anticipated, documented and strategies defined for dealing with them should they occur.

If you need help to introduce the right terminology in your company and improve communication in the project, our team is always ready to help.