Root Cause Analysis: A Quick Guide

ProjectManager.com

One way to do this is by using a root cause analysis. What Is Root Cause Analysis? As the name suggests, a root cause analysis is a problem-solving technique that offers teams an opportunity to identify issues that are causing the problem. Why Is a Root Cause Analysis Important?

2021 428

Using a Risk Assessment Matrix for a Qualitative Risk Analysis

ProjectManager.com

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. Using a Risk Matrix for Qualitative Risk Analysis.

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Qualitative vs. Quantitative Risk Analysis

Project Risk Coach

In this blog post, we will explore the differences between qualitative and quantitative risk analysis. Qualitative Risk Analysis Once you've identified your risks, it's important to evaluate your risks.

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Cost Benefit Analysis for Projects – A Step-by-Step Guide

ProjectManager.com

You can then use that data to evaluate your decisions with a process called cost benefit analysis (CBA). An intelligent use of cost benefit analysis will help you minimize risks and maximize gains both for your project and your organization. What Is Cost Benefit Analysis?

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How to Package and Price Embedded Analytics

analysis paralysis. Here, we’ll take a quick look at two proven techniques used by Software Pricing Partners: economic impact analysis. and competitive pricing analysis. Economic Impact Analysis is a helpful pricing technique. HOW TO PACKAGE & PRICE EMBEDDED ANALYTICS.

Why Stakeholder Analysis is Important

Project Risk Coach

In this post, we will explore why stakeholder analysis is important. Project stakeholders are individuals, groups, and organizations that may affect or be affected by your projects. It's critical to understand how people inside and outside your organization may impact your projects.

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Risk Analysis — The Managing Up Secret Weapon

Project Risk Coach

Credit : gorodenkoff | iStockphoto One of my favorite suggestions for this unenviable predicament is using risk analysis. Indeed, I think risk analysis can be the secret weapon of managing up! Because risk analysis provides an opportunity for you to focus the discussion on the objective (often quantifiable) facts and away from the more emotional opinions. This is a guest article by Dana Brownlee from professionalismmatters.com.

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Stakeholder Analysis Template

ProjectManager.com

Use our free stakeholder analysis template to help you identify and manage the stakeholders in your project. Download Stakeholder Analysis Template. What Is Stakeholder Analysis? Stakeholder analysis is the process of identifying individuals that have a vested interest in a project. The analysis then collects the stakeholders by group, which is determined by their level of participation, interest and influence in the project.

2021 165

Your Guide to Cost Benefit Analysis in Project Management

nTask

Enter cost benefit analysis. Cost benefit analysis allows you to choose the options that minimize risk while giving you the greatest potential benefit in the see of options in front of you. Here is your guide to an efficient cost benefit analysis. .

2021 101

Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Part of that process is risk analysis. Risk Analysis vs. Risk Identification vs. Risk Management. People frequently confuse risk analysis with risk identification and risk management. What Is Risk Analysis? This information will then be used for your risk analysis.

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5 Early Indicators Your Embedded Analytics Will Fail

share analysis, and connect new data sources to the. to do their own analysis? Updating your application’s dashboards and reporting features. may feel optional—until suddenly it’s not. Watch for these 5 signs. that you’re at risk for an analytics emergency. Early Indicators.

Kano analysis and Agile

Musings on Project Management

Kano analysis is a new product feature/function evaluation tool that gives visualization to feature/function relative merit over time as trends change. agile best value Kano AnalysisThe usual presentation is a four-sector grid with trend lines that connect the sectors. The grids are defined by the horizontal and vertical scales that are easily set up on a white boad in the war room (don't take the word 'scale' too.

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Requirements Analysis & Ensuring Stakeholder Satisfaction

ProjectManager.com

That’s where requirements analysis comes in. What Is Requirements Analysis? Requirements analysis is nearly self-explanatory: it’s the process of defining the expectations of stakeholders on a project. Requirement analysis can be used for any project, but it is most commonly used with a systems or software project. Requirement Analysis Activities. There are three types of activities included in a requirements analysis. Requirements Analysis Process.

2019 199

Evaluating Project Schedules Utilizing Quantitative Risk Analysis

Project Risk Coach

The team also identified 30 risks in the qualitative risk analysis. When utilizing the quantitative risk analysis, pay particular attention to the high risk tasks on the critical path , the longest duration path through a network diagram that determines the shortest time to complete the project. The post Evaluating Project Schedules Utilizing Quantitative Risk Analysis appeared first on. Do you remember the first time you missed a project deadline? I do.

2016 158

9 Transactional Analysis Tools that All Project Managers Must Know

Online PM Courses

Transactional Analysis remains one of the supreme toolsets for Project Managers to use. The post 9 Transactional Analysis Tools that All Project Managers Must Know appeared first on OnlinePMCourses. Communication Skills Effective Project Manager Transactional Analysis

2020 110

New Study: 2018 State of Embedded Analytics Report

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Data Visualizations Interactive Dashboards and Reports Embedded Self-Service Analysis. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Data Visualizations Interactive Dashboards and Reports Embedded Self-Service Analysis. 2018 STATE OF. EMBEDDED.

How to Perform a SWOT Analysis (Example Included)

ProjectManager.com

What is a SWOT analysis, and why are so many successful companies using this powerful tool? She also includes a SWOT analysis example in the video, so be sure to tune in! In Review – How to Perform a SWOT Analysis. It’s an analysis technique that is used in strategic planning and analysis. If you need to decide on a direction that would be more effective, SWOT analysis can help you make that choice. How to Use a SWOT Analysis.

2019 283

Avoiding project change analysis denial of service!

Kiron Bondale

Even for those companies which have embraced agile, changes which will exceed approved funding or the approved number of sprints will still need the team to perform some analysis to be able to secure approvals to proceed. While I don’t advocate ideation analysis-paralysis, it’s a good idea to get alignment on key project objectives before the team gets started. Tagged: project decision making , Risk management , Stakeholder analysis.

2016 174

Evaluating Risks Using Quantitative Risk Analysis

Project Risk Coach

Project managers should be prepared to perform different types of risk analysis. For many projects, the quicker qualitative risk analysis is all you need. But there are occasions when you will benefit from a quantitative risk analysis. Let’s take a look at this type of analysis: What is it? The post Evaluating Risks Using Quantitative Risk Analysis appeared first on. Why should we perform it? And when should it be performed? Continue Reading.

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How To Carry Out a Requirements Analysis

Wrike

This is where requirements analysis comes in. . What is a requirements analysis? Requirements analysis involves defining, analyzing, validating, and aligning stakeholders’ expectations for new projects while considering all possible conflicts. .

2021 58

Encouraging Innovation in an Established Product Culture

Speaker: Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies

Innovation is both a process and an outcome. The best way to begin innovating your products is by innovating your internal process. We'll explore the challenges, solutions, and hands-on techniques for becoming a successful "agent of change" within a well-established product culture. We'll examine the importance of UX and user-centric feature analysis, the adaptation of Agile Methodologies to the creative process, as well as a way to drive successful culture change for setting expectations and winning approvals with cross-functional stakeholders. Innovation and Leadership go hand in hand. Join Richard Cardran, Chief Creative Officer and VP Strategy, HIA Technologies, as we assess some case studies to see how to lead with a clear strategy well-defined tactics, and an unbiased understanding of the fundamental question: "why are you innovating?"

Stakeholder Analysis 101: Identification, Mapping & More

ProjectManager.com

This process is called stakeholder analysis. What Is Stakeholder Analysis? Stakeholder analysis identifies and prioritizes stakeholders before the project begins. Stakeholder analysis is a way to get help from key project players.

2020 230

Evaluating Risks Using Qualitative Risk Analysis

Project Risk Coach

Today, let’s discuss the use of qualitative risk analysis to get you back on track. Qualitative Risk Analysis. There are two ways to evaluate risks: Qualitative Risk Analysis. Qualitative analysis such as rating probability and impact should always be performed. Quantitative Risk Analysis. Quantitative analysis is not always performed. This analysis requires more time but provides more data to aid in making decisions. (We

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Evaluating Project Schedules Utilizing Quantitative Risk Analysis

Project Risk Coach

The team also identified 30 risks in the qualitative risk analysis. When utilizing the quantitative risk analysis, pay particular attention to the high-risk tasks on the critical path , the longest duration path through a network diagram that determines the shortest time to complete the project. The post Evaluating Project Schedules Utilizing Quantitative Risk Analysis appeared first on. Do you remember the first time you missed a project deadline? I do.

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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. Why Business Impact Analysis Is Important. How to Conduct a Business Impact Analysis. Then comes the analysis of the information.

2019 281

2021 Dresner Advisory Services Business Intelligence Market Study

Every year Dresner reviews the state of the BI market as it stands today. This 12th annual report breaks down customer perceptions of BI and how well each vendor performs. See for yourself how all the major BI vendors stack up.

Difference between Quantitative and Qualitative Risk Analysis

iZenBridge

We can use Qualitative Risk Analysis and Quantitative Risk Analysis techniques to evaluate and prioritize risks. Before we get into the difference between qualitative and quantitative risk analysis/assessment, it is mandatory to understand how we perform risk analysis in projects.

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How To Better Your Quantitative Risk Analysis

Project Risk Coach

How can we better your quantitative risk analysis? What is Quantitative Risk Analysis? The Importance of Quantitative Risk Analysis. While qualitative analysis takes less time, it is subjective. Quantitative analysis requires more time and effort but it provides more detailed information. Quantitative analysis requires more time and effort but it provides more detailed information. When to Perform Quantitative Risk Analysis. Sensitivity analysis.

2016 156

How to Save Your Project from Analysis Paralysis

ProjectManager.com

Big data is big in business, but when does too much analysis lead to paralysis and not progress? Jennifer Bridges, PMP, shows you the red flags that appear at the onset of analysis paralysis. In Review – How to Save Your Project from Analysis Paralysis. But there can be a bottleneck between the collection and analyzing stages, where the desire to get more data and further analyze it can lead to something called analysis paralysis. Warning Signs of Analysis Paralysis.

2019 234

Simplifying Schedule Risk Analysis Using Microsoft Project Custom Fields – Transcription

MPUG

Please find below a transcription of the audio portion of John Owen’s session, Simplifying Schedule Risk Analysis Using Microsoft Project Custom Fields, being provided by MPUG for the convenience of our members. Well, thank you everybody for joining this webinar, we’re just going to talk about some simple ways of performing Schedule Risk Analysis basically just using Microsoft Project with an add in that we sell called Full Monte. Scheduling Inspector has done this analysis.

All Method, No Madness: Guiding Agile Teams Through Research

Speaker: Amanda Stockwell, President of Stockwell Strategy

Many Product Managers feel quality user research can't keep up with the fast-paced agile teams. However, if you're willing to adapt, you don't have to sacrifice agility or insights. Join Amanda Stockwell, President of Stockwell Strategy, as she covers issues agile teams have and how to solve them.

What is SWOT Analysis? | Video

Online PM Courses

SWOT Analysis is well-known. The post What is SWOT Analysis? And rightly so! It's simple, yet also flexible and powerful. As a project manager, it's a great tool to have in your pocket. Video appeared first on OnlinePMCourses. Important ideas Project Management Tips SWOT video

2020 85

How Gap Analysis Can Improve Your Project Management

ProjectManager.com

One particularly effective method used to figure out if your project is progressing as planned is called gap analysis. What Is Gap Analysis? Gap analysis is a formal study of how a business or project is currently progressing and where it plans to go in the future. When talking about management, gap analysis is a means to compare actual performance with potential performance. What Gaps Can Gap Analysis Target? Gap analysis can be used to analyze a usage gap.

2019 262

Backlog Refinement Techniques – Semantic Analysis

Scrum.org

Backlog Refinement Techniques – Semantic Analysis. To meet schedules, deliver valuable products, and exceed your stakeholder’s expectations, you need the ability to flex scope and offer an actual minimum marketable product.

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How To Better Your Qualitative Risk Analysis

Project Risk Coach

Before we look at HOW to improve your qualitative risk analysis, allow me to share one more quick example of WHY it’s important. So, how can we improve our risk analysis? First, let’s understand the difference between qualitative and quantitative risk analysis. What’s the Difference in Qualitative and Quantitative Risk Analysis? There are two ways to evaluate risks: Qualitative Risk Analysis. Quantitative Risk Analysis.

2016 163

What is Contextual Analytics? The Next Evolution of Embedded Analytics

Download this whitepaper to learn what contextual analytics is, how BI platforms like Yellowfin revolutionize the way users discover insights from their data with native contextual analytics, and how it adds value to your software solution by elevating the user experience.

A Guide to Network Analysis

MPUG

The core technique available to Project Managers for planning and controlling their projects is Network Analysis. Network Analysis, Critical Path Analysis (CPA), or the American “Program, Evaluation, and Review Technique” (PERT) is one of the classic methods of planning and controlling the progress of projects. Time Analysis. Having completed the network, we can begin the analysis. The next part of the analysis of the network is to find the CRITICAL PATH.

2019 64

How to Do a Cost Benefits Analysis in Project Management

ProProfs Project Management

Not conducting a comprehensive analysis at the time of the project proposal backfired. A cost-benefit analysis is the easiest way to determine a foolproof project plan. Read on to get all your queries on project cost analysis answered! What Is a Project Cost Analysis?

2021 52

Probabilistic Branching and Analysis in Risk Management

MPUG

These questions lead to a concept called probabilistic branching and analysis , which is used in quantitative risk analysis and management. Before we perform a risk analysis, we need to include all three of the above branches into the existing plan. Run a Risk Analysis.

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Understanding the Monte Carlo Analysis in Project Management

ProProfs Project Management

A good plan can help you in risk analysis, but it can not guarantee that your project will run smoothly. There is a well-known technique that helps project managers to spot potential risks : Monte Carlo Analysis. Monte Carlo Analysis – How it Works.

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