Glossary of Terms

The following terms and their definitions have been excerpted and expanded upon from the Project Management Institute’s (PMI’s) Guide to the Project Management Body of Knowledge (PMBOK® Guide)1:

Adaptive: A type of project in which the product is developed iteratively with detailed scope defined for each iteration as it begins with shorter intervals than the “predictive” approach (Also known as an “Agile” or “Scrum” approach).

Adaptive Life Cycle: A “stochastic” approach to project and portfolio management. For example, agile or change-driven methods respond to lots of change and stakeholder involvement. Adaptive is also interactive and incremental, but iterations have fixed costs and time (2–4 weeks), performing multiple ...

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