RACI Matrix
A roles and responsibilities cheat sheet for projects: who’s Responsible, Accountable, Consulted, and Informed. It’s like name tags for tasks, making sure no one ducks out on what they’re supposed to own.
Requirements Gathering
The detective work for figuring out exactly what a project needs to succeed. Requirements gathering is the step where you ask all the questions before you start building—so you don’t end up with costly surprises.
Return on Assets
A financial metric showing how efficiently a company uses its assets to generate profits. ROA answers the question, “Is your stuff making enough money?”
RAID Log
The project manager’s toolkit for Risks, Assumptions, Issues, and Dependencies. This log keeps potential pitfalls in check and gives you a handle on everything that could make—or break—a project.
Requirements Traceability
Mapping project requirements from start to finish, making sure every box is checked. Requirements traceability ensures nothing slips through the cracks by tracking every step back to the original need.
Revenue Forecast
A financial crystal ball for estimating future income, so you can plan and budget smartly. A revenue forecast keeps you on the proactive side, not scrambling to meet financial goals last-minute.
Rapid Prototyping
The fast-and-loose approach to creating early versions of a product. Rapid prototyping is all about speed over polish, getting a rough draft into users’ hands to see if you’re onto something, or just… not.
Resource Allocation
The art of matching your team and tools to the project tasks that need them most. Resource allocation keeps things balanced, so no one’s underwhelmed or overwhelmed.
Revenue Growth
The increase in income over time—a sign of good health for any business. Revenue growth means your efforts are paying off, attracting more customers and more dollars.
Read Ocean
A crowded market with competition chomping at each other for a piece of the pie. Red Ocean is where survival means out-selling, out-marketing, and outlasting, with a splash of cutthroat thrown in.