Reserve Analysis

Vanity Metric A vanity metric is a measurement or metric that looks impressive or flattering but doesn’t really tell you much about the success or progress of a business or organization. Vanity metrics tend to focus on metrics that make a business or organization look good on the outside but don’t tell you much about how healthy…

Cause-and-Effect Diagram A cause-effect diagram, also called an Ishikawa or fishbone diagram, is a graphic tool used to find and analyse the root causes of a problem or effect. It is named after Dr. Kaoru Ishikawa, a Japanese quality control expert who developed the technique. The diagram is structured like a fishbone, with the “effect” or problem…

Task Board In project management, a Task Board is a visual tool that shows where each task is in a project. It is used a lot in Agile project management methods like Scrum and Kanban. Most of the time, the Task Board is a physical or digital board with columns or swimlanes that show where a task…

Risk Acceptance Risk acceptance is a strategy for managing risks that means you accept the possible effects of a risk without taking any specific steps to avoid or reduce the risk. This strategy is usually used when the possible effects of a risk are small or can be handled without causing a lot of trouble or cost….

Mandatory Dependency A mandatory dependency in project management is a link between two tasks where the start or end of one task depends on the start or end of the other. This kind of dependence is also called a “hard” or “non-negotiable” dependency. Most of the time, mandatory relationships are based on technical or logical needs, and…