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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 /; responsible, accountable, consulted, and informed) [3] [4] or linear responsibility chart [5] (LRC), is a model that describes the participation by various roles in completing tasks or deliverables [4] for a project or business process.
Business letters are the most formal method of communication following specific formats. They are addressed to a particular person or organization. A good business letter follows the seven C's of communication. The different types of business letters used based on their context are as follows, Letters of inquiry; Letters of claim/complaints
Business process mapping refers to activities involved in defining what a business entity does, who is responsible, to what standard a business process should be completed, and how the success of a business process can be determined. The main purpose behind business process mapping is to assist organizations in becoming more effective.
Business Process Model and Notation (BPMN) is a standard for business process modeling that provides a graphical notation for specifying business processes in a Business Process Diagram (BPD), [3] based on a flowcharting technique very similar to activity diagrams from Unified Modeling Language (UML). [4]
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
A bijective function is also called a bijection or a one-to-one correspondence (not to be confused with one-to-one function, which refers to injection). A function is bijective if and only if every possible image is mapped to by exactly one argument. [1] This equivalent condition is formally expressed as follows:
Business diagram may refer to: Flowcharts: Basic flowchart, Audit Flowcharts, Cause-Effect (Fishbone) Diagrams, cross-functional vertical and horizontal diagrams, data flow diagrams, opportunity flowchart, workflow diagram; Organizational Charts ; Project management: Gantt chart, Project Schedules, PERT Charts, Calendar, Timelines
ConceptDraw DIAGRAM (previously known as ConceptDraw PRO [1]) is proprietary diagramming software used to create business graphics, including: [2] diagrams, flowcharts, Infographics, data visualization for business process models, data presentation and project management documentation. [3]