The process of identifying individual risks as well as sources of overall risk and documenting their characteristics.

The process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success.

A strategic planning method that serves as a visual roadmap for the organization during product development.

An obstacle that prevents the team from achieving its objectives. Also known as a blocker.

The process of implementing agreed-upon risk response plans.

A fixed date imposed on a schedule activity or schedule milestone, usually in the form of a “start no earlier than” and “finish no later than” date.

A set of financial incentives related to cost, schedule, or technical performance of the seller.

An adaptive development approach in which the deliverable is produced successively, adding functionality until the deliverable contains the necessary and sufficient capability to be considered complete.

An adaptive project life cycle in which the deliverable is produced through a series of iterations that successively add functionality within a predetermined time frame. The deliverable contains the necessary and sufficient capability to be considered complete only after the final iteration.

A contract that provides for an indefinite quantity of goods or services, with a stated lower and upper limit, within a fixed time period.