Description  Root Cause Anaysis  A technique that is used to determine the underlying root causes of risk, variance, or a defect.  Often Cause and Effect Diagram is used to find the root cause. It is used in Risk Management to identify the main cause of anticipated threats (and opportunities). It is used in Quality Management to find out the…
Description  SWOT Analysis The technique that analyzes the project, option, or an organization from the following 4 sides. 1. Strengths (S)  It includes the areas in which the organization or project is very good. 2. Weaknesses (W)  These are the areas where the organization or the project suffers. 3. Opportunities (O)  These are the avenues where…
Description Risk Data Quality Assessment It is a technique used in project management to assess the usefulness of the information available to manage the risk. Not all the information gathered during risk identification is useful. So the quality of risk information collected plays a key role in the success of the project and hence the project manager should…
Description   It is a statistical technique used in project management, in which the relationships between a series of input variables and the corresponding outputs are analyzed.  It is used in the Closing phase of the project. It helps understand why a project performed in a certain way. It can provide information to come up with…
Description  It is a process of reviewing proposals mostly used in supporting contracts and deciding awards. Whereas simple procurements may require just checking against the SOW and price comparison of different vendors, complex procurements are doing by several rounds of evaluations. The proposals are generally rated and scored using Source Selection Criteria. Some of the important elements of these…
Description  A technique to compare the actual performance against the baseline or planned performance. It belongs to the tool category – Data analysis Where it is Used  Process Groups Monitoring & Controlling Closing Knowledge Areas Project Integration Mgmt.Project Cost Mgmt.Project Schedule Mgmt.Project Scope Mgmt. Activities  Control Costs Monitor and Control Project Work Control Schedule Control Scope Close Project…
Description An analytical technique that uses historical data to predict future results of project parameters. It belongs to the tool category – Data analysis Where it is Used  Process Groups Monitoring & ControllingClosing Knowledge Areas Project Integration Mgmt.Project Cost Mgmt.Project Procurement Mgmt.Project Resource Mgmt.Project Schedule Mgmt. Activities Control CostsMonitor and Control Project WorkControl ProcurementsControl ResourcesControl ScheduleControl ScopeClose Project or Phase Process Group Knowledge…
Description It is an analysis of the problems, constraints, non-value-added activities to identify opportunities for process improvement. It is not the same as a Quality Audit though it sounds similar. In an Audit, it is checked whether a project follows a defined process, but Proces Analysis, it s examined to know the cause of the issues in the…
