CAPM Terms 2 Flashcards
(204 cards)
RACI chart
• A RACI chart is a matrix chart that only uses the activities of responsible, accountable, consult, and inform.
RAG rating
• An ordinal scale that uses red, amber, and green (RAG) to capture the probability, impact, and risk score.
Receiver
• The person who receives the message.
Refactoring
• To adjust working code to improve functionality and conservation.
Referent power
- The project team personally knows the project manager. Referent can also mean that the project manager refers to the person who assigned him the position.
- The project manager is respected or admired because of the team’s past experiences with the project manager. This is about the project manager’s credibility in the organization.
Refinement
• An update to the work breakdown structure.
Regression analysis
- This is a statistical approach to predicting what future values may be, based on historical values. Regression analysis creates quantitative predictions based on variables within one value to predict variables in another. This form of estimating relies solely on pure statistical math to reveal relationships between variables and to predict future values.
- A mathematical model to examine the relationship among project variables, like cost, time, labor, and other project metrics.
Relative prioritization
• A list of all user stories and features ordered by highest priority to the lowest priority.
Relative sizing
• To estimate the size of a story in comparison with another story.
Release
• Iteration outcomes delivered to customers (end-users).
Release plan
• A document that describes the timeline of a product release.
Reporting system
• A reporting system is a software program to store and analyze project data for reporting. A common reporting system will take project data, allow the project manager to pass the data through earned value management, for example, and then create forecasting reports about the project costs and schedule.
Request for Proposal (RFP)
• From buyer to seller. Requests the seller to provide a proposal to complete the procured work or to provide the procured product.
Request for Quote (RFQ)
• From buyer to seller. Requests the seller to provide a price for the procured product or service.
Requirements at a high level
• Requirements are in the form of user stories, and collected at a high level to estimate a budget.
Requirements documentation
• This documentation of what the stakeholders expected in the project defines all of the requirements that must be present for the work to be accepted by the stakeholders.
Requirements management plan
• This subsidiary plan defines how changes to the project requirements will be permitted, how requirements will be tracked, and how changes to the requirements will be approved.
Requirements prioritization model
• A model to rate each feature with the calculation of weighted formula defined by the team.
Requirements review
• To review the requirements so they fulfill the needs and priorities of stakeholders.
Requirements Traceability Matrix (RTM)
• This is a table that maps the requirements throughout the project all the way to their completion.
Reserve analysis
• Cost reserves are for unknown unknowns within a project. The management reserve is not part of the project cost baseline, but is included as part of the project budget.
Residual risks
• Risks that are expected to remain after a risk response.
Resistant stakeholder status
• Part of stakeholder analysis classification. A resistant stakeholder is aware of your project, but they do not support the changes your project will create.
Resource Breakdown Structure (RBS)
- This hierarchical chart can decompose the project by the type of resources used throughout it.
- This is a hierarchical breakdown of the project resources by category and resource type. For example, you could have a category of equipment, a category of human resources, and a category of materials. Within each category, you could identify the types of equipment your project will use, the types of human resources, and the types of materials.