Decision Making – PMP Tools

Decision Making – PMP Tools

Decision Making Tools   Description  This technique is used to select a course of action from multiple alternatives. There are 4 important decision making techniques.   Tools   Autocratic decisionmaking Multicriteria decision analysis Prioritization/ranking Voting  

VOTING – PMP Tools and Techniques

VOTING – PMP Tools and Techniques

Description   Used to elicit product requirements, this method uses people to choose one of many alternatives. It is decided on the basis of unanimity (everyone agrees), a majority (more than 50% people agree), or plurality (most people agree). It belongs to the tool category – Decision making   Where it is Used  Process Groups This tool is used…

PRIORITIZATION / RANKING – PMP Tools and Techniques

PRIORITIZATION / RANKING – PMP Tools and Techniques

Description It is a decision-making technique in which the stakeholder requirements are prioritized and ranked usually based on the influence of the stakeholder and the urgency of a need. It is used for stakeholder management in the planning phase.  It belongs to the tool category – Decision Making  Where it is Used  Process Groups This tool is used…

MULTI-CRITERIA DECISION ANALYSIS – PMP Tool

MULTI-CRITERIA DECISION ANALYSIS – PMP Tool

Description Multi Criteria Decison Analysis (Copyrights MyPMP) It is a technique that analyzes risk, uncertainty, and valuation to evaluate and rank the decision making attributes & ideas in a project. It is an important decision-making tool. The other popular one is Voting. But contrary to Voting, it is slightly complex and in some places can give better…

AUTOCRATIC DECISION MAKING – PMP Tools and Techniques

AUTOCRATIC DECISION MAKING – PMP Tools and Techniques

Description Autocratic Decision Making Project management is the process of leading the work of a team to achieve specific goals within a set timeframe. One important aspect of effective project management is making decisions in a timely and efficient manner. There are different approaches that can be taken when making decisions on a project. Autocratic decision-making is…