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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

Project management software features can help map out scenario planning. ProjectManager is award-winning project and portfolio management software with roadmaps that can capture different scenarios and plan how to respond to each. This is commonly used by financial analysts and is known as a what-if analysis.

Planning 330
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Demand Management: Process, Importance and Tools

ProjectManager.com

Next, we’ll outline the demand management process to learn how to implement this planning methodology and how software can facilitate that process. Managing production is key to demand management and project management software is essential to that process. This leads to a reduction in costs due to overproduction or stockouts.

Process 317
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How to Create a Timeline in Excel (Free Templates Included)

ProjectManager.com

Once you create this Excel project timeline, you can use this template to estimate future project timelines using project tasks and due dates. Continue to edit the timeline in Excel by color coding projects or tasks, such as assigning a different color for each team or individual who will be executing the work.

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Using a Risk Assessment Matrix for a Qualitative Risk Analysis

ProjectManager.com

This risk management process consists of risk identification, assessment, mitigation and monitoring. Creating a risk assessment matrix gives you a tool to perform qualitative risk analysis and increases the quality of your decision-making. The more detail, the better the analysis of the risks to your project.

Risk 364
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SDLC – The Software Development Life Cycle

ProjectManager.com

The software development life cycle (SDLC) is how it’s done in software development. What Is the Software Development Life Cycle (SDLC)? The software development life cycle (SDLC) is a process by which software is developed and deployed. Project management software helps you manage every phase of the project.

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Power BI Gantt Chart: A How-to Guide With Pros, Cons & Alternatives

ProjectManager.com

Microsoft Power BI is a data analysis software that allows you to use various tools such as spreadsheets, pie charts, stacked bars and other types of diagrams to visualize project or business data, including the Power BI Gantt chart. But is Power BI good for project management?

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What Is Business Impact Analysis & Why Is It Important?

ProjectManager.com

Business impact analysis is a tool to help plan for the inevitability of consequences and their cost. Business Impact Analysis Defined. First, what is business impact analysis (BIA)? What the business impact analysis is analyzing are the operational and financial impacts of a disruption of business functions and processes.