Key Terms Q-R Flashcards
qualitative risk analysis
Determining the impact of identified risks on the project and the probability they’ll occur. Aligns risks in a priority order according to their effect on the project objectives.
Quality Control
Monitoring work results to see whether they fulfill the quality standards
set out in the quality management plan; determines whether the end product conforms to the requirements and product description defined during the planning processes.
Quality Management Plan
Describes how the project management team will enact the quality policy and documents the resources needed to carry out the quality plan. It describes the responsibilities of the project team in implementing quality and outlines all the processes and procedures the project team and organization will use to satisfy quality requirements
Quality Planning
Identifying the quality standards applicable for the project and how they’ll be fulfilled.
quantitative risk analysis
A complex analysis technique that uses a mathematical approach to numerically analyze the probability and impact of risk events
quantitatively based durations
A duration estimate obtained by applying a productivity rate of the resource performing the task.
RACI chart
A type of responsibility assignment matrix that describes the resources needed for the task and their role for that task using the following descriptors: responsible, accountable, consult, or inform.
rebaselining
Setting a new project baseline because of substantial changes to the schedule
or the budget
Report Performance
This process is where the project manager gathers and documents the collection of baseline data for the project. Baseline data includes cost, schedule, scope, and quality data. Performance report information is delivered to the stakeholders at project
status meetings and steering committee meetings.
request for proposal (RFP)
A document that is sent out to potential vendors requesting
them to provide a proposal on a product or service
requirement
The specifications and characteristics of the goal or deliverable.
resource planning
A process that defines and documents all the resources needed and the quantity of resources needed to perform project activities, including human, material, and equipment resources.
resource pool description
A listing of all the job titles within a company or department with a brief description of the job. It may also identify the number of people currently employed in each job title.
resource requirements
A document containing a description of the resources needed from all three resource types for work package items from the WBS.
responsibility assignment matrix (RAM)
A resource chart that defines the WBS
identifier, the resource type needed for the WBS element, and the quantity of resources needed for the task. A WBS is displayed in chart form.
revision
An update to the approved start or end date of the schedule baseline, typically a result of approved scope changes.
rework
An action that is taken as a result of quality activities to correct a defect
risk
A potential future event that can have either negative or positive consequences
risk analysis
The process used to identify and focus on those risks that are the most critical to the success of your project.
risk identification
Identifying the potential project risks and documenting their characteristics
risk list
A numbered list of risks that are produced during the risk identification process
and that are documented within a risk register
risk management plan
Details how risk management processes will be implemented, monitored, and controlled throughout the life of the project. It does not define responses to individual risks
risk monitoring control
The process that involves implementing the risk response plan, tracking and monitoring identified risks, and identifying and responding to new risks as they occur.
risk planning
Identifying, analyzing, and determining how risk events will be managed for a project.
risk response planning
A process that describes how to reduce threats and take advantage of opportunities, documents the plan for negative and positive risk events, and assigns owners to each risk
risk trigger
An event that warns a risk is imminent and a response plan should be implemented.
run chart
A Quality Control tool and technique that shows variation in the process over
time or shows trends such as improvements or the lack of improvements in the process.
