Business Glossary
Business Glossary¶
About This Glossary
This business glossary provides definitions and context for all business terms used within the project. It serves as a reference for stakeholders, product managers, and team members to ensure consistent understanding of business concepts and terminology.
Project Management¶
Agile¶
Definition
An iterative approach to project management and software development that helps teams deliver value to their customers faster and with fewer headaches.
Category: Project Management | Status: Approved | Created: 2023-01-01
Key Characteristics:
- Iterative development cycles (sprints)
- Regular feedback and adaptation
- Cross-functional teams
- Customer-centric approach
Stakeholders¶
Product Owner¶
Definition
A role in Agile development responsible for maximizing the value of the product by representing the business and user interests to the development team.
Category: Stakeholders | Status: Approved | Created: 2023-01-01
Key Characteristics:
- Defines product vision and roadmap
- Prioritizes the product backlog
- Accepts or rejects work results
- Represents user needs and business requirements
Business Value¶
ROI¶
Definition
Return on Investment. A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) by the cost.
Category: Business Value | Status: Approved | Created: 2023-01-01
Key Characteristics:
- Financial metric for investment evaluation
- Expressed as a percentage or ratio
- Used for decision-making and prioritization
- Can be calculated for features, projects, or initiatives