Agile Dictionary - R - RACI to risk register - Prince2

byTam M. | reviewed 2023-08-19

A - Z Dictionary of terms for Prince2 Agile edition. This is the official Dictionary of terms for the Agile prince 2 method. PRINCE2® is a registered trade mark of AXELOS Limited. See glossaries for Managing Successful Programmes (MSP), Project Office Dictionary (P30), PRINCE2, ITIL and Risk Management. See also the Project Management Dictionary.

A - acceptance critera to Agilometer | B - backlog to business case | C - change authority to customer subject matter expert | D - definition of 'done' to Dynamic Systems Development Method | E - early adopter to experiment | F - G - feature to Glad! Sad! Mad! | H - I - higlight report to issue | K - Kaizen to Kano | L - lead time to Little's Law | M - manage by exception to MoSCoW | P - Plan-Do-Check-Act to push system | Q - quality assurance to quality tolerance | R - RACI to risk register | S - SAFe to supplier subject matter expert | T - team dynamics to transparency | U - V - user story to visioning | W - Waterfall method to workshop

RACI

A model used to help define roles and responsibilities. RACI stands for responsible, accountable, consulted and informed.

release

The set of products in a handover. The contents of a release are managed, tested and deployed as a single entity.

In PRINCE2 Agile, a release is typically a container for more than one low-level timebox (e.g. a sprint)). However, this is not necessarily the case as the act of releasing features into operational use may happen more regularly (e.g. after each sprint or several times during a sprint).

requirement

A term to describe what a product does and/or how it will do it. A requirement can be written in the form of a user story if desired and will exist with other requirements in the form of a list.

Download a Requirements Management Plan

Download a Requirements Traceability Matrix

retrospective

A regular event that looks at how the process of doing work can be improved. In keeping with the agile concept of 'inspect and adapt', these events help teams to continually improve their working practices, little by little, over time.

risk

An uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives. A risk is measured by a combination of the probability of a perceived threat or opportunity occurring, and the magnitude of its impact on objectives.

The Top 50 Business Risks!

risk management strategy

Describes the goals of applyingrisk management to the activity, the process that will be adopted, the roles and responsibilities, risk thresholds, the timing ofrisk management interventions, the deliverables, the tools and techniques that will be used, and the reporting requirements. It may also describe how the process will be coordinated with other management activities.

risk register

A record of all identified risks relating to an initiative, including their status and history. Also called a risk log.