- RACIMethod used to indicate the roles and responsibilities of people or groups on work activities. The acronym stands for Responsible, Accountable, Consulted, and Informed. Read More
- Reference Class ForecastingA method of predicting the future by looking at similar past situations and their outcomes. Read More
- Resolve UncertaintyResolving Risk - Reducing the underlying uncertainty to an acceptable level. Rarely can all uncertainty be eliminated and sometimes product developers cannot reduce uncertainty, as in the case of competitor activity. If the organization accepts the risk, then it has resolved the(...) Read More
- Resolving RiskResolving Risk - Reducing the underlying uncertainty to an acceptable level. Rarely can all uncertainty be eliminated and sometimes product developers cannot reduce uncertainty, as in the case of competitor activity. If the organization accepts the risk, then it has resolved the(...) Read More
- RiskRisk – A state of uncertainty that can result in consequences that may be positive or negative in impact. If there is no meaningful impact, then there is no risk. Sometimes the term risk is used to describe only negative consequences, and opportunity to describe only positive(...) Read More
- Risk AttitudeThe company’s risk attitude is its willingness to take on risks in order to obtain profits. Example: Virgin Galactic, aiming to provide commercial flights in space, is risk-seeking. They are investing heavily in developing new products and technologies. Whether they will be successful is(...) Read More
- Risk Management FileSummary of risks related user and patient safety, which is usually developed per ISO 14971. Read More
- RoadmapsRoadmapping is a tool that can be used for planning and depicting your new product and technology acquisition strategies. The output of a product-technology roadmapping exercise is a roadmap that displays market and business needs over time, along with the products, technologies and other(...) Read More
- Root CauseThe underlying factor(s) which lead to a specific problem. Removal of the factor(s) will prevent the problem from recurring. Read More