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Effective Portfolio Management Systems by William S. Ruggles, H. James Harrington, Christopher F. Voehl

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Appendix A: Project and OPM Definitions

The following Project and Portfolio Management definitions have been excerpted and expanded on from the Project Management Institute’s (PMI’s) Guide to the Project Management Body of Knowledge (PMBOK Guide).1

  • Adaptive: Product developed iteratively, detailed scope defined for each iteration as it begins.
  • Adaptive Life Cycle: For example, Agile Methods or Change-Driven, respond to lots of change and stakeholder involvement. Adaptive also interactive and incremental, but iterations have fixed costs and time (2–4 weeks), performing multiple processes in each iteration. Early iterations focus on planning, with particular emphasis on:
    • Scope decomposed into requirements and WBS (work breakdown structure): product ...

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