8.7. Key Terms

Business Need/Opportunity:  What opportunities are there for the company?  Why are you completing this project?8.4

Business Objective:  The result that the proposal wishes to achieve, and/or the organization through the project.8.4

Communications Management: This is about keeping everybody in the loop. The communications planning process concerns defining the types of information you will deliver, who will receive it, the format for communicating it, and the timing of its release and distribution. 8.2

Communications Requirements Analysis: The first step in defining your communication plan is figuring out what kind of communication your stakeholders need from the project so they can make good decisions. 8.2

Executive Summary:  A brief summary of the project Who? What? When? Where? Why? Costs? 8.4

Product Description:  Describe the product/service that will be produced or complete.8.4

Scope: At the proposal stage, assume you can only define about 80% of the scope. As you proceed through the project, you’ll learn more about it and be better able to define the last 20%.8.4