100 Biz Terms: Project Management and Execution

Unit 5: Vocabulary

  1. Milestone (noun) – An action or event marking a significant stage in a development or project.
  2. Scope (noun) – The extent of the area or subject matter that something deals with or to which it is relevant.
  3. Pivot (verb/noun) – To shift strategy or direction significantly, usually in response to market feedback.
  4. Implementation (noun) – The process of putting a decision or plan into effect; execution.
  5. Oversight (noun) – The action of overseeing or supervising something; or an unintentional omission.
  6. Disruption (noun) – Disturbance or problems that interrupt an event, activity, or process.
  7. Streamline (verb) – To make an organization or system more efficient and effective by employing simpler methods.
  8. Bottlenecking (verb/noun) – Slowing down a process due to limited capacity at one stage.
  9. Agile (adjective) – Able to move quickly and easily; or relating to a flexible method of project management.
  10. Derail (verb) – To obstruct or divert a process from its intended course.

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Speaking Prompts

  1. What key project milestone are you aiming to hit before the end of this month?
  2. How do you prevent “scope creep” when client demands expand during a project?
  3. Can you give an example of a business that successfully executed a pivot during a market shift?
  4. What are the primary challenges during the implementation phase of new software?
  5. Why is regulatory oversight critical in banking and healthcare industries?
  6. How is digital disruption affecting traditional business models in your field?
  7. What steps would you take to streamline the onboarding process for new employees?
  8. How do you identify which step in a pipeline is bottlenecking overall production?
  9. Why do software companies prefer agile methodologies over traditional waterfall models?
  10. What unexpected factor is most likely to derail a complex multi-team initiative?

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