Business Concepts in Project Management

Business Concepts in Project Management
Term Description
KPI Key Performance Indicator, a measurable value that indicates how well an organization or project is achieving key objectives.
Risk Management The process of identifying, assessing, and controlling potential risks to a project or business.
ROI Return on Investment, a measure used to evaluate the profitability of an investment or project.
SWOT Analysis A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats.
Budget Variance The difference between the planned budget and actual spending on a project.
P&L Statement Profit and Loss Statement, a financial report that summarizes revenues, costs, and expenses during a specific period.
Cash Flow The total amount of money being transferred in and out of a business, especially as affecting liquidity.
Operational Efficiency The ability of a business to deliver products or services in the most cost-effective manner without sacrificing quality.
Business Continuity Planning The process of creating systems of prevention and recovery to deal with potential threats to a company.
Market Segmentation The process of dividing a target market into smaller, more defined categories.
Value Proposition A business or marketing statement that describes why a customer should buy a product or use a service.
Stakeholder Engagement The systematic involvement of all individuals or groups affected by a project or business decision.
Business Model A plan or framework for how a company creates, delivers, and captures value in the marketplace.
Corporate Governance The system of rules, practices, and processes by which a company is directed and controlled.