Communication Skills Tools
Description
There are 4 important tools in this category of tools. They the concern with the transfer of information among the stakeholders.
Tools
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Story Map
Story Map A story map is a tool used in project management to show a product or project backlog in a structured way. It makes it easier to see the requirements and features that need to be built and to put them in order of how important they are to the end user. There are two main…
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Stacey Matrix
Stacey Matrix The Stacey Matrix is a tool used in project management and organizational theory to help teams and organizations figure out the right amount of structure and control for a given job or project. Ralph Stacey made it, and it is based on the work he did on complexity theory. Most of the time, the Stacey…
Product Owner
Product Owner In the Agile development method, a product owner is the person in charge of defining and ranking the features and requirements of a product or service. The product owner acts as the link between the development team and the stakeholders to make sure that the product or service meets the needs of the business and…
RECOGNITION AND REWARDS – PMP Tools and Techniques
Description It is the process of recognizing and rewarding desirable behaviors in an organization. It is used in (Human) Resource Management during the Executing phase while developing the team. The main rationale behind this to make the employee feel appreciated for the work he or he is doing. It is usually part of the HR policy…
Story Point
Story Point In agile project management, story points are a way to estimate how much work or how hard a user story or feature will be. A user story is a description of a feature or requirement from the user’s point of view. It is usually written in the form “As a [user], I want [feature], so…
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Internal Rate Of Return (IRR)
Internal Rate of Return (IRR) The International Rate of Return (IRR) is a financial measure used to figure out the rate of return on a property that uses more than one currency. It looks at the value of money over time and the exchange rates between the country where the investment is made and the country where…
