Definitions 271-300 Flashcards
What is a Resource Breakdown structure?
a hierarchical representation of resources by category and type.
What is a Resource Management Plan?
A component of the project management plan that describes how project resources are acquired, allocated, monitored, and controlled.
Define Responsibility.
An assignment that can be delegated within a project management plan such that the assigned resource incurs a duty to perform the requirements of the assignment.
What is RAM? (Responsibility Assignment Matrix)
A grid that shows the project resources assigned to each work package.
Define Result.
An output from performing project management processes and activities. Also see deliverable.
Define Retrospective.
A regularly occurring workshop in which participants explore their work and results in order to improve both the process and product.
Define Rework.
Action taken to bring defective or nonconforming component into compliance with requirements or specifications.
Define Risk.
An uncertain event or condition that, if it occurs has a positive or negative effect on one or more project objectives.
What is Risk Acceptance?
A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.
What is Risk-Adjusted Backlog?
A backlog that includes product work and actions to address threats and opportunities.
What is Risk Appetite?
The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward.
What is Risk Avoidance?
A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact.
What is RBS? (Risk Breakdown Structure)
A hierarchical representation of potential sources of risks.
What is Risk Enhancement?
A risk response strategy whereby the project team acts to increase the probability of occurrence or impact of an opportunity.
What is Risk Escalation?
A risk response strategy whereby the team acknowledges that a risk is outside of its sphere of influence and shifts the ownership of the risk to a higher level of the organization where it is more effectively managed.
What is Risk Exploiting?
A risk response strategy whereby the project team acts to ensure that an opportunity occurs.
What is Risk Exposure?
An aggregate measure of the potential impact of all risks at any given point in time in a project, program, or portfolio.
What is a Risk Management Plan?
A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed.
What is Risk Mitgation?
A risk response strategy whereby the project team act to decrease the probability of occurrence or impact of a threat.
What is a Risk Register?
a repository in which outputs of risk management processes are recorded.
What is a Risk Report?
A project document that summarizes information on individual project risks and the level of overall project risk.
What is a Risk Review?
The process of analyzing the status of existing risks and identifying new risks. Might also be known as risk assessment.
What is Risk Sharing?
A risk response strategy whereby the project team allocates ownership of an opportunity to a third party who is best able to capture the benefit of that opportunity.
What is a Risk Threshold?
The measure of acceptable variation around an objective that reflects the risk appetite of the organization and stakeholders. Also known as risk appetite.
What is Risk Transference?
A risk response strategy whereby the project team shifts the impact of a threat to a third party, together with ownership of the response.
Define Roadmap.
A high-level time line that depicts such things as milestones, significant, events, reviews, and decision points.
Define Role.
A defined function to be performed by a project team member, such as testing, filing, inspecting, or coding.
What is Rolling Wave Planning?
An iterative planning method in which the work to be accomplished in the near term is planned in detail, while the work in the future is planned at a higher level.
What is Root Cause Analysis?
An analytical method used to determine the basic underlying reason that causes a variance or a defect or a risk.
Define Scatter Diagram.
A graph that shows the relationship between two variables.
