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RACI Matrix
In business and project management, a responsibility assignment matrix (RAM), also known as RACI matrix (; ''responsible'', ''accountable'', ''consulted'', and ''informed'') or linear responsibility chart (LRC), is a model that describes the participation by various roles in completing Task (project management), tasks or deliverables for a project or business process. The four key responsibilities most typically used being: ''responsible'', ''accountable'', ''consulted'', and ''informed''. It is used for clarifying and defining roles and responsibilities in cross-functional or departmental projects and processes. There are a number of alternatives to the RACI model. Key responsibility roles in the RACI model Role distinction There is a distinction between a role and individually identified people: a ''role'' is a descriptor of an associated set of tasks; may be performed by many people; and one person can perform many roles. For example, an organization may have ten people who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management
Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, created at the beginning of the development process. The primary constraints are Scope (project management), scope, time and budget. The secondary challenge is to operations research, optimize the Resource allocation, allocation of necessary inputs and apply them to meet predefined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are established, they should influence all decisions made by other people involved in the project– for example, project managers, designers, contractors and subcontractors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Work Breakdown Structure
A work-breakdown structure (WBS) in project management and systems engineering is a breakdown of a project into smaller components. It is a key project management element that organizes the team's work into manageable sections. The Project Management Body of Knowledge defines the work-breakdown structure as a "hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables." A WBS provides the necessary framework for detailed cost estimation and control while providing guidance for schedule development and control.Booz, Allen & HamiltoEarned Value Management Tutorial Module 2: Work Breakdown Structure science.energy.gov. Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management Techniques
A project is a type of assignment, typically involving research or design, that is carefully planned to achieve a specific objective. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system (work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints. A project may form a part of wider programme management or function as an ''ad hoc'' system. Open-source software "projects" or artists' musical "projects" (for example) may lack defined team-membership, precise planning and/or time-limited durations. Overview The word ''project'' comes from the Latin word ''projectum'' from the Latin verb ''proicere'', "before an action", which in turn comes from ''pro-'', which denotes precedence, something that comes before s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diffusion Of Responsibility
Diffusion of responsibility is a sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when other bystanders or witnesses are present. Considered a form of attribution, the individual assumes that others either are responsible for taking action or have already done so.Ciccarelli, S. K. & White, J. N. (2009). ''Psychology'' (2nd ed.) New Jersey: Pearson Education. . The diffusion of responsibility refers to the decreased responsibility of action each member of a group feels when they are part of a group. For example, in emergency situations, individuals feel less responsibility to respond or call for help, if they know that there are others also watching the situation – if they know they are a part of the group of witnesses. In other group settings (in which a group is appointed to complete a task or reach a certain goal), the diffusion of responsibility manifests itself as the decreased responsibility each member feels to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bain & Company
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and nonprofit organizations. One of the Big Three (management consultancies), Big Three management consultancies, Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain (consultant), Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later corporate spin-off, spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively. In the 2000s, Bain & Company continued to expand and create additional practice areas focused on working ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product Description
In the PRINCE2 project management method, a product description (PDD) is a structured format that presents information about a project product. It is a management product (document), usually created by the project manager during the process of initiating a project in the initial stage of the PRINCE2 project management method. It is approved by the project board as part of the project plan documentation. Jay Siegelaub It should not be confused with a project product description(PPD), which (in the PRINCE2 method) is generated in the start up process of the pre-project stage, and forms part of the Project Brief. While the PPD is related to "finalist products"—those delivered to the client at the end of the project—the PDD refers to all project products, including intermediate products necessary in the project life that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acceptance Testing Acceptance Criteria
Acceptance in psychology is a person's recognition and assent to the finality of a situation without attempting to change or protest it. This plays out at both the individual and societal level as people experience change. Types of acceptance The term ''acceptance'' is a noun with various meanings. Self-acceptance Self-acceptance is described as the state of being satisfied with one's current self, or the ongoing process of striving to be satisfied with one's current self. It is an agreement with oneself to appreciate, validate, and support the self as it is, despite deficiencies and negative past behavior. Some have trouble accepting themselves because of guilt, trauma, or a perceived lack of motivation. Self-acceptance has an effect on a person mentally, emotionally, within relationships and overall life. Psychological acceptance Acceptance is a core element of acceptance and commitment therapy (ACT) and cognitive behavioral therapy (CBT). In this context, accep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product Breakdown Structure Product
Product may refer to: Business * Product (business), an item that can be offered to a market to satisfy the desire or need of a customer. * Product (project management), a deliverable or set of deliverables that contribute to a business solution Mathematics * Product (mathematics) Algebra * Direct product Set theory * Cartesian product of sets Group theory * Direct product of groups * Semidirect product * Product of group subsets * Wreath product * Free product * Zappa–Szép product (or knit product), a generalization of the direct and semidirect products Ring theory * Product of rings * Ideal operations, for product of ideals Linear algebra * Scalar multiplication * Matrix multiplication * Inner product, on an inner product space * Exterior product or wedge product * Multiplication of vectors: ** Dot product ** Cross product ** Seven-dimensional cross product ** Triple product, in vector calculus * Tensor product Topology * Product topology Algebraic topology * Cap prod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizational Chart
An organizational chart, also called organigram, organogram, or organizational breakdown structure (OBS), is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. The term is also used for similar diagrams, for example ones showing the different elements of a field of knowledge or a group of languages. Overview The organization chart is a diagram showing graphically the relation of one official to another, or others, of a company. It is also used to show the relation of one department to another, or others, or of one function of an organization to another, or others. This chart is valuable in that it enables one to visualize a complete organization, by means of the picture it presents.Allan Cecil Haskell, Joseph G. Breaznell (1922) Graphic charts in business: how to make and use them'. p. 78 A company's organizational chart typically illustrates relations between people within an organization. Such rel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product Breakdown Structure
{{more citations needed, date=January 2021 In project management under the PRINCE2 methodology, a product breakdown structure (PBS) is a tool for analysing, documenting and communicating the outcomes of a project, and forms part of the product based planning technique. The PBS provides "an exhaustive, hierarchical tree structure of deliverables that make up the project, arranged in whole-part relationship" (Haughey, 2015).Duncan Haughey. (2015) ‘Project Management Tools’, Project Smart. Available from: https://www.projectsmart.co.uk/project-management-tools.php Comparison with the work breakdown structure The PBS is identical in format to the work breakdown structure (WBS), but is a separate entity and is used at a different step in the planning process. The PBS precedes the WBS and focuses on cataloguing all the desired outputs (products) needed to achieve the goal of the project. This feeds into creation of the WBS, which identifies the tasks and activities required to deli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subject-matter Expert
A subject-matter expert (SME) is a person who has accumulated great knowledge in a particular field or topic and this level of knowledge is demonstrated by the person's degree, licensure, and/or through years of professional experience with the subject. For example, a PhD in chemistry could be easily declared as a SME in chemistry, or a person with a Second Class Radiotelegraph License or equivalent issued by the national licensing body could be considered a SME in radiotelegraphy. A person with a master's degree in electronic engineering could be considered a subject-matter expert in electronics, or a person with many years of experience in machining could be considered a SME in machining Machining is a manufacturing process where a desired shape or part is created using the controlled removal of material, most often metal, from a larger piece of raw material by cutting. Machining is a form of subtractive manufacturing, which util .... The term is used when developing mater ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management Institute
The Project Management Institute (PMI, legally Project Management Institute, Inc.) is a U.S.-based not-for-profit professional organization for project management. Overview PMI serves more than five million professionals including over 680,000 members in 217 countries and territories around the world, with 304 chapters and 14,000 volunteers serving local members in over 180 countries. Its services include the development of standards, research, education, publication, networking opportunities in local chapters, hosting conferences and training seminars, and providing accreditation in project management. PMI has recruited volunteers to create industry standards, such as " A Guide to the Project Management Body of Knowledge", which has been recognized by the American National Standards Institute (ANSI). In 2012, ISO adapted the project management processes from the ''PMBOK Guide'' 4th edition. History In the 1960s, project management as such began to be used in the US aero ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
