Project Management

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Requirement

Requirement
A condition or capability that is required to be present in a product, service, or result to satisfy a contract or other formally imposed specification.
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Requirements Management Plan

Requirements Management Plan
A component of the project or program management plan that describes how requirements will be analyzed, documented, and managed.
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Requirements Traceability Matrix (RTM)

Requirements Traceability Matrix (RTM)
A grid that links product requirements from their origin to the deliverables that satisfy them.
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Resource Breakdown Structure

Resource Breakdown Structure
A hierarchical representation of resources by category and type.
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Resource Calendar

Resource Calendar
A calendar that identifies the working days and shifts upon which each specific resource is available.
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Resource Leveling

Resource Leveling
A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply.
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Responsibility Assignment Matrix

Responsibility Assignment Matrix
A grid that shows the project resources assigned to each work package.
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Risk

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

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

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