Key Terms Q-R

Question 1

qualitative risk analysis

Answer 1

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.

Question 2

Quality Control

Answer 2

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.

Question 3

Quality Management Plan

Answer 3

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

Question 4

Quality Planning

Answer 4

Identifying the quality standards applicable for the project and how they’ll be fulfilled.

Question 5

quantitative risk analysis

Answer 5

A complex analysis technique that uses a mathematical approach to numerically analyze the probability and impact of risk events

Question 6

quantitatively based durations

Answer 6

A duration estimate obtained by applying a productivity rate of the resource performing the task.

Question 7

RACI chart

Answer 7

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.

Question 8

rebaselining

Answer 8

Setting a new project baseline because of substantial changes to the schedule
or the budget

Question 9

Report Performance

Answer 9

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.

Question 10

request for proposal (RFP)

Answer 10

A document that is sent out to potential vendors requesting

them to provide a proposal on a product or service

Question 11

requirement

Answer 11

The specifications and characteristics of the goal or deliverable.

Question 12

resource planning

Answer 12

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.

Question 13

resource pool description

Answer 13

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.

Question 14

resource requirements

Answer 14

A document containing a description of the resources needed from all three resource types for work package items from the WBS.

Question 15

responsibility assignment matrix (RAM)

Answer 15

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.

Question 16

revision

Answer 16

An update to the approved start or end date of the schedule baseline, typically a result of approved scope changes.

Question 17

rework

Answer 17

An action that is taken as a result of quality activities to correct a defect

Question 18

risk

Answer 18

A potential future event that can have either negative or positive consequences

Question 19

risk analysis

Answer 19

The process used to identify and focus on those risks that are the most critical to the success of your project.

Question 20

risk identification

Answer 20

Identifying the potential project risks and documenting their characteristics

Question 21

risk list

Answer 21

A numbered list of risks that are produced during the risk identification process
and that are documented within a risk register

Question 22

risk management plan

Answer 22

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

Question 23

risk monitoring control

Answer 23

The process that involves implementing the risk response plan, tracking and monitoring identified risks, and identifying and responding to new risks as they occur.

Question 24

risk planning

Answer 24

Identifying, analyzing, and determining how risk events will be managed for a project.

Question 25

risk response planning

Answer 25

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

Question 26

risk trigger

Answer 26

An event that warns a risk is imminent and a response plan should be implemented.

Question 27

run chart

Answer 27

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.