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In business and project management, a responsibility assignment matrix [1] (RAM), also known as RACI matrix [2] (/ ˈ r eɪ s i /) or linear responsibility chart [3] (LRC), is a model that describes the participation by various roles in completing tasks or deliverables [4] for a project or business process.
Project management software – is a type of software, including scheduling, cost control and budget management, resource allocation, collaboration software, communication, quality management and documentation or administration systems, which are used to deal with the complexity of large projects.
Risk management activities are applied to project management. Project risk is defined by the Project Management Institute (PMI) as, "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives." [1]
The Project Management Institute, an American nonprofit professional association for project management, thusly summarizes: "a Program is a group of related projects managed in a coordinated manner to obtain benefits and control NOT available from managing them individually.
In time management, gold plating is the phenomenon of working on a project or task past the point of diminishing returns.. For example, after having met a project's requirements, the manager or the developer works on further enhancing the product, thinking that the customer will be delighted to see additional or more polished features, beyond that which what was asked for or expected.
The project schedule is a calendar that links the tasks to be done with the resources that will do them. It is the core of the project plan used to show the organization how the work will be done, commit people to the project, determine resource needs, and used as a kind of checklist to make sure that every task necessary is performed.
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