Glossary of Terms

This glossary contains definitions used by the Project Change Frame® and other methodologies supported by Lindsay McKenna Limited.

A number of definitions are taken from the Project Management Book of Knowledge (PMBOK®) from the Project Managment Institute. These are denoted by having (PMI) at the end of the definition..

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See Responsibility Assignment Matrix.
Rapid Prototyping
Developing a product or solution through the creation of rough mock-ups, which through trial and error increasingly approach the desired end result.
Request for Proposal
A bid document to solicit proposals from Suppliers, in a format that facilitates comparison, and ensures sufficient clarity on what is being requested.
A provision in the project 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 risk are meant to be mitigated. (PMI)
In the context of project management, a force that opposes any change or shift in the status quo, is motivated to protect and preserve the way things currently are, and acts against the introduction of the changes that the project is designed to bring about (See also Covert Resistance and Overt Resistance)
Money, person (or department), physical item or process which can be utilised by Project Team to help achieve a Project Goal.
Resource Log
Captures initial estimates on the required quantity of resources to complete each activity, including an estimate on timings.
Resource Leveling
Any form of network analysis in which start and finish dates are driven by resource management concerns. (PMI)
Resource Planning
The process of identifying what resources, and quantities of each, will be required to perform project activities across each Phase of the Project Change Frame®.
Responsibility Assignment Matrix
A structure which relates the project organisation structure to the WBS to help ensure that each element of the project's scope of work is assigned to a responsible individual. Also called an Accountability Matrix, Responsibility Chart, or Responsibility Matrix. (PMI)
Responsibility Charting
A technique which helps to identify and then make explicit who is doing what in a Team.
Any potential threat or occurrence which may prevent the project from being achieved. A risk is something that might happen, not something that has happened. See also Issue and Opportunity.
Risk Baseline
The risks that already exist in the area the project is looking to impact, and/or will exist if the project is not progressed.
Risk Management
The disciplines of identifying and assessing risks to a project, then taking action to reduce the likelihood that these risks will materialise, and producing Contingency plans in case they do occur.
Risk Matrix
A tool for assessing the likelihood that a risk will occur, and the severity of the impact if the risk does materialise.
Risk Reduction and Contingency Plan
This plan details the list of the risks a project is attending to, the activities being taken to reduce each risk from materialising, the activities planned in the event the risk happens, and who is accountable for each activity or risk.

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