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Receiver

Part of the communications model: the recipient of the message.

Referent power

Power that is present when the project team is attracted to, or wants to work on the project or with, the project manager. Referent power also exists when the project manager references another, more powerful person, such as the CEO.

Request for Proposal

A document from the buyer to the seller that asks the seller to provide a proposal for completing the procured work or for providing the procured product.

Request for Quote

A document from the buyer to the seller asking the seller to provide a price for the procured product or service.

Residual risks

Risks that are left over after mitigation, transference, and avoidance. These are generally accepted risks. Management may elect to add contingency costs and time to account for the residual risks within the project.

Resource calendar

The resource calendar shows when resources, such as project team members, consultants, and SMEs, are available to work on the project. It takes into account vacations, other commitments within the organization, restrictions on contracted work, overtime issues, and so on.

Resource histogram

A bar chart reflecting when individual employees, groups, or communities are involved in a project. Often used by management to see when employees are most or least active in a project.

Resource leveling heuristics

A method to flatten the schedule when resources are over-allocated or allocated unevenly. Resource leveling can be applied in different methods to accomplish different goals. One of the most common methods is to ensure that workers are not overextended on activities.

Responsibility

Who decides what in a project.

Return on Investment (ROI)

The project's financial return in proportion to the amount of monies invested in the project.

Reward power

The project manager's authority to reward the project team.

Risk

An unplanned event that can have a positive or negative influence on the project success.

Risk categories

These help organize, rank, and isolate risks within the project.

Risk database

A database of recognized risks; the planned response and the outcome of the risk should be documented and recorded in an organization-wide risk database. The risk database can serve other project managers as historical information. Over time, the risk database can become a Risk Lessons Learned program.

Risk management plan

A subsidiary project plan for determining: how risks will be identified, how quantitative and qualitative analysis will be completed, how risk response planning will happen, how risks will be monitored, and how ongoing risk management activities will occur through the project lifecycle.

Risk owners

The individuals or groups responsible for a risk response.

Role

Who does what in a project.



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PMP Project Management Professional Study Guide
PMP Project Management Professional Study Guide, Third Edition (Certification Press)
ISBN: 0071626735
EAN: 2147483647
Year: 2004
Pages: 209

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