AuthorMatt

MOST

M

MOST is an acronym for:

Mission – what the business wants to achieveObjectives – goals to realise the missionStrategy – approach to be taken to meet the objectivesTactics – detailed steps to reach the strategy

Porter’s Five Forces

P

Porter’s Five Forces is a framework for analysis of the competition that a business faces, and to assess the profitability of an industry.

Bargaining Power of SuppliersBargaining Power of BuyersThreat from Substitute ProductsThreat of New EntrantsIndustry Competitors

PESTLE

P

PESTLE is an acronym that is used to identify key external stimulus within an organisation. The acronym stands for:

Political (e.g. trade unions), Economic (competitors, interest rates), Societal (demographics social mobility), Technological (reduction of barriers to entry), Legal (regulation, employment law), Environmental (waste, going green).

SMART

S

SMART is an acronym for Specific, Measurable, Attainable, Realistic, Time-boxed. A method for ensuring goals or targets follow a formula.

MoSCoW

M

MoSCoW is a method of prioritisation used in business analysis and project management, which identifies features and components as one of the following: Must Have, Should Have, Could Have, Would Like to Have – in order to inform and align stakeholders and project teams as to the priorities of the project.

Business Entity Model

B

A Business Entity Model details the way in which a business’s entities interact with each other to achieve a specified business goal. The Business Entity Model can also detail the relationships between entities, and the attributes of an entity. Typically they will be modeled in UML.

Agile

A

Agile is a light-weight software development methodology / framework that focuses on iterative analysis, development, testing, and release cycles to continually deliver functioning pieces of software by self-organising / self-managed teams. There are various flavours of Agile development, including SCRUM, Lean, and XP. 

Content Management System (CMS)

C

CMS is an acronym for Content Management System which is an application – or series of linked components – that enables the creation, modification, deletion, publication and categorisation of digital content – text, video, image, audio – typically for publication on the web or on an intranet. Examples of popular CMS’s are: Drupal, Umbraco, WordPress.