Rapid Prototyping
The fast-and-loose approach to creating early versions of a product. Rapid prototyping is all about speed over polish, getting a rough draft into users’ hands to see if you’re onto something, or just… not.
Resource Leveling
Smoothing out work assignments so your team can handle it all without burning out. Resource leveling is about keeping things manageable—no more sprints, just steady progress.
Revenue Model
The method your business uses to make money, from subscriptions to ads to direct sales. A revenue model outlines the “how” of your income strategy, so you’re not relying on luck.
Project Charter
The original plan for scope, schedule, and budget—a yardstick to measure progress. The project baseline keeps you on track (or lets you know when you’re wildly off-course).
Project Sponsor
The key executive backing the project financially and strategically. The project sponsor clears roadblocks, keeps resources flowing, and makes sure the project stays high-priority.
Read Ocean
A crowded market with competition chomping at each other for a piece of the pie. Red Ocean is where survival means out-selling, out-marketing, and outlasting, with a splash of cutthroat thrown in.
Resource Management Plan
A detailed guide for organizing and using your project resources efficiently. The resource management plan keeps budgets, manpower, and materials in line to avoid waste and chaos.
Revenue Recognition
The accounting rulebook on when and how you officially count your earnings. Revenue recognition ensures your income is reported accurately, keeping the books (and the auditors) happy.
Project Closeout
The wrap-up phase where loose ends get tied, lessons are learned, and the project is officially marked “done.” Project closeout is the victory lap, ensuring everything’s signed, sealed, and delivered.
Project Status Report
A regular update that keeps stakeholders in the loop on progress, risks, and milestones. Project status reports are the “here’s where we’re at” moments that keep everyone in sync.