What is a RACI matrix used for in project management?

A RACI matrix is a powerful tool in project management specifically designed to clarify roles and responsibilities among project team members and stakeholders. The acronym RACI stands for Responsible, Accountable, Consulted, and Informed, which are the categories of stakeholder involvement defined within the matrix.

By using a RACI matrix, project managers can map out who is responsible for tasks, who must be consulted for input, who has the ultimate accountability for decisions, and who should be kept informed of progress. This clarity helps reduce confusion, ensures that all team members understand their roles and the expectations of them, and minimizes the risk of tasks falling through the cracks.

While other options (tracking project expenses, defining project timelines, and generating risk management plans) are all important aspects of project management, they do not pertain to the primary function of the RACI matrix. Its main use is specifically focused on delineating roles and responsibilities, making it an essential tool for effective team collaboration and project success.