Business value is the quantifiable benefit a project delivers to the organization, which may be financial or strategic. The PMP emphasizes delivering value incrementally and confirming that benefits are identified, measured, and realized.
A project charter is the document that formally authorizes a project, names the project manager, and grants them authority to apply resources.
A stakeholder is any individual, group, or organization that can affect, be affected by, or perceive itself to be affected by a project.
Servant leadership is a leadership approach in which the project manager focuses on serving the team — removing impediments, coaching, and enabling self-organization — rather than directing it.
Agile is an iterative, incremental delivery approach that produces value in short cycles and adapts to change through frequent feedback.
A product backlog is an ordered list of everything that might be needed in a product, maintained and prioritized by the product owner in agile delivery.
The critical path is the longest sequence of dependent activities through a project schedule, and it determines the shortest possible project duration.
A risk register is the document that records identified risks along with their analysis, owners, and planned responses.
A risk response is the planned action chosen to address a risk.
Change control is the process of formally reviewing, approving or rejecting, and documenting changes to project scope, schedule, cost, or deliverables.
Earned value management (EVM) is a technique that integrates scope, schedule, and cost to measure project performance using metrics such as planned value, earned value, and actual cost.
Scope is the sum of the products, services, and results to be delivered by a project.
A kanban board is a visual workflow tool that shows work items moving through columns (for example, To Do, In Progress, Done) to limit work in progress and expose bottlenecks.
Business value is the quantifiable benefit a project delivers to the organization, which may be financial or strategic.