Risk Identification
The process of determining risks that could potentially prevent the project, program or investment from achieving its objectives. It includes documenting and communicating the concern.
Risk Management
The identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Risk Register
Record of the risks identified in a project or program that are monitored by the team to determine when or if they will occur. As a best practice, each identified risk should be assigned to one of more persons whose responsibility it is to monitor the risk triggers and implement the risk response plan should the risk occur.
Robotic Process Automation
Perform “if, then, else” statements on structured data, typically using a combination of user interface (UI) interactions or by connecting to APIs to drive client servers, mainframes or HTML code. An RPA operates by mapping a process in the RPA tool language for the software “robot” to follow.
Role-Based Access Control
A security model that restricts system access based on predefined roles and permissions assigned to individual users or user groups.
Role Based Security
Strategy of designing the permissions or authorizations that are granted in the system based on the roles a person performs and/or their position in the organizational hierarchy. The permissions to access and update information in the systems are assigned to these roles.
Scalability
The degrees to which the system, network, or process of a computer’s hardware or software can be expanded in size, volume, or number of users served and continue to function properly. The ability of a system or network to handle increasing workloads and data volumes while maintaining performance and responsiveness.
Scalable
The ability to expand the capability of a system to include a larger user base or operate on a bigger hardware platform.
Schedule
Time sequenced plan of activities or tasks used to direct and control project execution. Usually shown as a milestone chart, Gantt or other bar chart, or a tabulator listing of dates.
Schema
A description of the structure of data within a database.
