Prioritization Matrix A prioritization matrix, which is also called a decision matrix, is a tool used to rank and compare a set of choices based on how important they are and how well they meet certain standards. It is a useful tool for making decisions when there are a lot of choices but not much time or…
Requirement Traceability Matrix A Requirement Traceability Matrix (RTM) is a tool used in project management to make sure that all project requirements are properly written down and met throughout the project’s lifecycle. The RTM is a grid that connects the project requirements to the outputs of the project. This gives a plan for making sure that all…
Responsibility Assignment Matrix (RAM) A Responsibility Assignment Matrix (RAM) is a tool used in project management to give jobs and responsibilities to people and keep track of them. It is also called a RACI matrix, which means for Responsible, Accountable, Consulted, and Informed. Usually, the following parts make up a Responsibility Assignment Matrix: Task list: A list…
Scatter Diagram A Scatter Diagram, also called a scatter plot, is a picture that shows how two factors relate to each other. It is often used in data analysis and quality control to see how two sets of data relate to each other. Each point in a scatter map is a single observation or piece of data….
S-Curve S-curve is a graph that shows how a project or action has changed over time. Its name comes from the fact that it looks like the letter “S.” The S-curve is often used in project management to track how far along a project is compared to when it was supposed to be done. The vertical line…
Stakeholder Engagement Assessment Matrix The Stakeholder Engagement Assessment Matrix is a tool that helps organisations figure out who their stakeholders are, how important they are, and how much they should be involved. Usually, the following steps are taken: 1. Figure out who is involved: The first step is to figure out who is involved in the project,…
Story Map In agile software development, a story map is a visual tool that helps plan, rank, and talk about the features and needs of a product or project. It’s a way to put user stories in order of how important they are to the general product strategy. Usually, there are two main parts to a story…
Thoughput Chart A throughput chart is a picture that shows how work moves through a system, process, or assembly line. It is used to figure out how well a process works by keeping track of how much work is done over time and looking for bottlenecks or places where productivity can be improved. Usually, a throughput chart…
