Description A technique that is used to measure, compare, and analyze the quality, resource, schedule, and cost performance against the baseline or an agreement. There are four major areas of performance reviews – 1. procurement, 2. quality, 3. resources, and 4. schedule. In procurement management, it is used to measure the sellers’ performance on the contract to the date….
Description  Make or Buy Analysis This technique involves analyzing data about product requirements and comparing the alternatives between buying and manufacturing. It belongs to the tool category – Data analysis Where it is Used Process Groups Planning Knowledge Areas Project Procurement Mgmt. Activities Plan Procurement Management Process Group Knowledge Area Activity Planning Project Procurement Mgmt. Plan Procurement Management   Kailash B, MBA,…
Description Iteration Burndown (Picture Source – Wikipedia) It is a chart to track the unfinished work in an iteration. A graph is plotted usually with the remaining work in the y-axis and time in the x-axis. It helps forecast the variance of actual burndown against the ideal burndown chart and forecast the expected burn down in the…
Description Influence Diagrams An influence diagram presents a project situation with several entities, outcomes, relationships, and influences. It helps in decision making under constrained situations.  It belongs to the tool category – Data analysis Where it is Used  Process Groups Planning  Knowledge Areas Project Risk Mgmt.  Activities Perform Quantitative Risk Analysis Process Group Knowledge Area Activity Planning Project Risk Mgmt. Perform Quantitative…
Description Earned Value Analysis It is the way of analyzing and calculating the degree of variances in a project, most importantly the schedule and cost variances.  It belongs to the tool category – Data analysis Where it is Used  Process Groups Monitoring & Controlling Knowledge Areas Project Cost Mgmt. Project Integration Mgmt. Project Procurement Mgmt. Project Schedule Mgmt.  Activities…
Description  Document Analysis Analyzing the available documents of a project provides valuable insights into future projects or future actions in the existing project. This is known as document analysis.  It belongs to the tool category – Data analysis  Where it is Used  Process Groups Initiating Planning Executing Closing  Knowledge Areas Project Integration Mgmt. Project Quality Mgmt….
Description  Decision Tree Analysis When there is more than one option to choose from, it is used to evaluate the best one based on the event and its probability of occurrence while all the events are presented through a tree structure.  It belongs to the tool category – Data analysis Where it is Used  Process Groups Planning Knowledge…
Description  Cost-benefit Analysis It is a financial analysis tool used to determine the benefits vs. cost.  It belongs to the tool category – Data analysis Where it is Used  Process Groups Monitoring & ControllingPlanning Knowledge Areas Project Integration Mgmt.Project Resource Mgmt.Project Quality Mgmt.Project Risk Mgmt. Activities Plan Quality ManagementPlan Risk ResponsesMonitor and Control Project WorkPerform Integrated Change ControlControl Resources Process Group…
