A special project that is sponsored by a person on the company's executive team, such as the CFO, CTO, or CIO. This project may not have clear business value, which is why it is considered a 'pet project.'
Example: The employee was working on a project to add social sharing to the company's product. This was a c-suite pet project, and not part of the company's main goals for the year.
Variations: special project, CEO pet project, CTO pet project, CIO pet project
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.