Definitions 271-300

Question 1

What is a Resource Breakdown structure?

Answer 1

a hierarchical representation of resources by category and type.

Question 2

What is a Resource Management Plan?

Answer 2

A component of the project management plan that describes how project resources are acquired, allocated, monitored, and controlled.

Question 3

Define Responsibility.

Answer 3

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.

Question 4

What is RAM? (Responsibility Assignment Matrix)

Answer 4

A grid that shows the project resources assigned to each work package.

Question 5

Define Result.

Answer 5

An output from performing project management processes and activities. Also see deliverable.

Question 6

Define Retrospective.

Answer 6

A regularly occurring workshop in which participants explore their work and results in order to improve both the process and product.

Question 7

Define Rework.

Answer 7

Action taken to bring defective or nonconforming component into compliance with requirements or specifications.

Question 8

Define Risk.

Answer 8

An uncertain event or condition that, if it occurs has a positive or negative effect on one or more project objectives.

Question 9

What is Risk Acceptance?

Answer 9

A risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.

Question 10

What is Risk-Adjusted Backlog?

Answer 10

A backlog that includes product work and actions to address threats and opportunities.

Question 11

What is Risk Appetite?

Answer 11

The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward.

Question 12

What is Risk Avoidance?

Answer 12

A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact.

Question 13

What is RBS? (Risk Breakdown Structure)

Answer 13

A hierarchical representation of potential sources of risks.

Question 14

What is Risk Enhancement?

Answer 14

A risk response strategy whereby the project team acts to increase the probability of occurrence or impact of an opportunity.

Question 15

What is Risk Escalation?

Answer 15

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.

Question 16

What is Risk Exploiting?

Answer 16

A risk response strategy whereby the project team acts to ensure that an opportunity occurs.

Question 17

What is Risk Exposure?

Answer 17

An aggregate measure of the potential impact of all risks at any given point in time in a project, program, or portfolio.

Question 18

What is a Risk Management Plan?

Answer 18

A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed.

Question 19

What is Risk Mitgation?

Answer 19

A risk response strategy whereby the project team act to decrease the probability of occurrence or impact of a threat.

Question 20

What is a Risk Register?

Answer 20

a repository in which outputs of risk management processes are recorded.

Question 21

What is a Risk Report?

Answer 21

A project document that summarizes information on individual project risks and the level of overall project risk.

Question 22

What is a Risk Review?

Answer 22

The process of analyzing the status of existing risks and identifying new risks. Might also be known as risk assessment.

Question 23

What is Risk Sharing?

Answer 23

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.

Question 24

What is a Risk Threshold?

Answer 24

The measure of acceptable variation around an objective that reflects the risk appetite of the organization and stakeholders. Also known as risk appetite.

Question 25

What is Risk Transference?

Answer 25

A risk response strategy whereby the project team shifts the impact of a threat to a third party, together with ownership of the response.

Question 26

Define Roadmap.

Answer 26

A high-level time line that depicts such things as milestones, significant, events, reviews, and decision points.

Question 27

Define Role.

Answer 27

A defined function to be performed by a project team member, such as testing, filing, inspecting, or coding.

Question 28

What is Rolling Wave Planning?

Answer 28

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.

Question 29

What is Root Cause Analysis?

Answer 29

An analytical method used to determine the basic underlying reason that causes a variance or a defect or a risk.

Question 30

Define Scatter Diagram.

Answer 30

A graph that shows the relationship between two variables.