Terms R-Z 2023 Flashcards
Glossary of Terms - Updated Feb 2023 (207 cards)
RACI Chart
Stands for Responsible, Accountable, Consulted, and Informed. A common type of responsibility assignment matrix (RAM) that uses responsible, accountable, consult, and inform statuses to define the involvement of stakeholders in project activities.
Recognition
A more personalized, intangible, and experiential event that focuses on behavior rather than outcome.
Refactoring
Refers to software development. Improving the design of the code so that it is easier to test, debug, and maintain.
Referent Power
Refers to establishing trust, respect, and credibility with people in work or personal life contexts.
Regulations
Requirements imposed by a governmental body. These requirements can establish product, process, or service characteristics, including applicable administrative provisions that have government-mandated compliance.
Relative Authority
The project manager’s authority relative to the functional manager’s authority over the project and the project team.
Relative Estimating
Also called sizing. The process of estimating stories or backlog tasks in relation to each other instead of in units of time.
Release Plan
The plan that sets expectations for the dates, features, and/or outcomes a project expects to deliver over the course of several iterations.
Release Planning
The process of identifying a high-level plan for releasing or transitioning a product, deliverable, or increment of value to the customer.
Reports
A formal record or summary of information.
Request for Information (RFI)
A type of procurement document whereby the buyer requests a potential seller to provide various pieces of information related to a product or service or seller capability.
Request for Proposal (RFP)
A type of procurement document used to request proposals from prospective sellers of products or services. In some application areas, it may have a narrower or more specific meaning.
Request for Quotation (RFQ)
A type of procurement document used to request price quotations from prospective sellers of common or standard products or services. Sometimes used in place of request for proposal and, in some application areas, it may have a narrower or more specific meaning.
Requirement
A measurable condition or capability that must be present in a product, service, or result to satisfy a business need.
Requirements Documentation
A description of how individual requirements meet the business need for the project.
Requirements Management Plan
A component of the project or program management plan that describes how requirements will be analyzed, documented, and managed.
Requirements Traceability Matrix
A grid that links product requirements from their origin to the deliverables that satisfy them.
Reserve
A provision in the project management plan to mitigate cost and/or schedule risk, often used with a modifier (e.g., management reserve, contingency reserve) to provide further detail on what types of risks are meant to be mitigated. See also ‘Buffer’.
Reserve Analysis
A method used to evaluate the amount of risk on the project and the amount of schedule and budget reserve to determine whether the reserve is sufficient for the remaining risk.
Residual Risk
The risk that remains after risk responses have been implemented.
Resource
A skilled individual or team, equipment, services, supplies, commodities, materials, budgets, or funds required to accomplish the defined work.
Resource Breakdown Structure
A hierarchical representation of resources by category and type.
Resource Calendar
A calendar that identifies the working days and shifts for which each specific resource is available.
Resource Histogram
A bar chart that represents when a resource will be needed in the project.