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Project11, Concepts definitions
Team
Staff - employees that do the…
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Concepts definitions
Team
- Staff - employees that do the service (cleaners, drivers, etc.)
- Executors - employees that solve main problems of the project
- Managers - employees that control the work of the executors
Deadline
- MVP - minimal viable product - a prototype that has main features of the product. MVP is used for checking the need for a new product
- Final - product for the mass consumption. Final version
- Profitable - a product that gives profit to the manufacturer. The final product needs some time to become profitable
Goal
- Product - a material object for consumption
- Technology - an algorhythm of actions aimed on solving a particular problem in production
- Service - A paid intangible action performed for a customer.
Research
- Technology - Development of new ways to solve a particular problem in production.
- Solutions - A search for new techniques and methods or improving existing ones in order to solve a particular problem.
- Restrictions - Obstacles and limitations to a project that have to be taken into consideration.
Financing
- Loans - Money lend to project organizers by other organizations or individuals that has to be repaid including sum above the lend amount (interest).
- Investments - Assets (money, property, etc.) put into a venture or a project by investor to derive a fraction of project revenue.
- Private - Funds dedicated to project by its organizers.
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