Requirements Analysis & Ensuring Stakeholder Satisfaction

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 Activities.

2019 341

Risk Analysis 101: How to Analyze Project Risk

By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis. Risk Analysis vs. Risk Identification vs. Risk Management. What Is Risk Analysis?

Risk 195

Process Optimization: Get More From Your Processes

No process is perfect immediately. Perfection is a ceaseless effort that requires honest analysis followed by tweaks and improvements. Process optimization methods can help guide those tweaks and improvements. What is a Process Optimization? Process Optimization Methods.

How to Perform a SWOT Analysis (Example Included)

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. Related: How to Lead a Change Management Process.

2019 265

Encouraging Innovation in an Established Product Culture

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

What Is Business Impact Analysis & Why Is It Important?

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)? Why Business Impact Analysis Is Important. How to Conduct a Business Impact Analysis.

2019 390

Difference between Quantitative and Qualitative Risk Analysis


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.

Risk 52

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. First, the evaluation process may not fit the project – too complex for simple projects or deficient for large, complex projects. Qualitative Risk Analysis. Quantitative Risk Analysis.

Risk 195

How to Save Your Project from Analysis Paralysis

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.

2019 227

Avoiding project change analysis denial of service!

Kiron Bondale

Stakeholders might not intend to impact a project in this manner but good intentions won’t matter if the team is unable to deliver approved scope within cost and schedule baselines because of time lost in processing change requests.

2016 226

A Guide to Network Analysis


The core technique available to Project Managers for planning and controlling their projects is Network Analysis. To illustrate this planning tool, let’s consider the manufacturing process of a small item. Some typical processes might be: cutting. Time Analysis.

2019 83

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.

2016 269

A Quick Guide to Business Process Mapping

That guide is called business process mapping. An Overview of Business Process Mapping. With a clear diagram or detailed business process map, it is easy to see where improvements in the business process can be made to increase efficiencies and productivity.

What is gap analysis? Uncovering the missing links to successful performance

Moira Alexander

Gap analysis definition. Gap analysis is a method of comparing the actual level of performance versus the desired level of performance for a business process, project, strategy or IT solution. Gap analysis process.

2019 208

The Project Manager’s Guide to Simple Risk Analysis

Online PM Courses

Risk analysis is both easy and hard at the same time. Is it any wonder that one of the most quoted aphorisms in project manager is this, from Tim Lister: Risk Management is Project Management for Grown-Ups’ Where Does Risk Analysis Fit in? Risk Management Process.

Risk 108

Mastering the Decision-Making Process: A Practical Guide

Our mastery of the decision-making process plays a big part in the outcome of our lives, as life could be easily defined as a series of decisions. 7 Steps for an Effective Decision-Making Process. You plan your projects , so why shouldn’t you plan your decision-making process?

How to Improve Your Strategic Planning, Analysis, and Alignment

Project Risk Coach

Today, let's look at a step-by-step process to improve your strategic planning, analysis, and alignment with a particular focus on risk management. Strategic risk management is a process for identifying, analyzing, and managing risks most critical to the achievement of your goals. During the project initiation process, a project charter should be completed. Lastly, if you only manage projects, consider this process as the context for your projects.

The Osborn Parnes Creative Problem-Solving Process

Project Bliss

The Osborn Parnes creative problem-solving process is a structured way to generate creative and innovative ways to address problems. Origin of the Osborn Parnes Creative Problem-solving Process. The two collaborated to formalize the process.,

Business Analysis for Internet of Things (IoT) Projects

Strategy Execution | PMO Perspectives

Once Upon Another Time , Business Analysis was only performed in large companies, with large mainframes and even larger teams that spanned IT, marketing and finance. Business analysis involves principally two things:-. Business Analysis

2019 76

Shuffle up and deal with qualitative risk analysis!

Kiron Bondale

user stories), planning poker can also be used to facilitate other types of decision making so why not use it for qualitative risk analysis? Finally, I’ve seen some teams analyze risks as part of the identification process. The beautiful thing about poker (and risk analysis!)

Risk 181

Network Analysis: The Best Practice for Calculating Duration


If you read my Guide to Network Analysis , made available last month, you hopefully gained a better understanding of a project’s “Network” and “Analysis.” A correct analysis of duration will act as the baseline for your project and providing you with an end date.

2019 60

Don’t over-process your project management communications!

Kiron Bondale

Let’s do a deeper dive into the waste of over-processing. Over-processing occurs whenever someone continues to work on an activity past the point where it would be deemed acceptable from a customer’s perspective or past the point where meaningful value is being added.

Using SWOT Analysis for Risk Identification and Risk Management


Some of the common techniques used for risk identification include historical data, brainstorming, workshops, Root Cause analysis, checklists, nominal group technique, Delphi technique, Monte Carlo analysis, decision trees, affinity diagrams, and cause-effect diagrams.

Risk 88

Options Analysis


Options Analysis - A Brief Guide The project manager reported that the project is now going through Options Analysis and the Board will need to wait until it is completed before we know how to progress. However, to be honest, you had no idea what this ‘Options Analysis’ thing was about.

2018 36

Gap Analysis Template | Gap Analysis Example


What is Gap Analysis Every project manager managing a project has a fair view or idea of the ideal end state where they would like the project to be. For this purpose, a Gap Analysis Template can be used.Check out article with Gap Analysis Example in excel and word. Gap Analysi

2018 36

5 Whys Root Cause Analysis: a Problem-Solving Tool to Get to the Root of the Problem

Project Bliss

The 5 Whys root cause analysis tool helps you quickly get past surface assumptions. Explain the process to the team. 1. Explain the process to the team. It helps you dig deeper so you can solve the root cause of the problem. . What is the 5 Whys Root Cause Tool?

2018 208

Decision Analysis - Ordinal and Cardinal Measures

Herding Cats

Decision Analysis is a principle, technique, and application to address complex decisions in a structured manner. One approach to decision making utilizes a form of multi-criteria decision analysis to evaluate multiple conflicting criteria in decision making.

Project Stakeholder Management: Identification, Analysis, Register

PM Basics

Therefore, I suggest starting with identification process first. It is a single place to put all the relevant information you will use during the analysis and creating a stakeholder management plan. His requirements were more processes and policies related.

Software Development Process: How to Pick The Process That’s Right For You


Every great piece of software starts with a plan and a clear process in place. Luckily, there are numerous software development processes you can choose from when you’re starting your next project. But which software development process is right for you? Analysis and Planning.

The Best BPM Tools & Process Analysis Tools To Try in 2020

The Digital Project Manager

The post The Best BPM Tools & Process Analysis Tools To Try in 2020 appeared first on The Digital Project Manager. You're asking, "Are there any better alternatives for Microsoft Project out there?" We've reviewed the best Microsoft Project alternatives that are more powerful, easier to use and cheaper. Choose from this list of the best MS Project alternatives for creating Gantt charts, project plans, and other PM essentials.

2020 24

Lessons Learned - A suggested Process

Project Health Check

Now let us spell out a structured Process that we suggest: Plan Lessons Capture - Lessons Learned (L.L.) What Lessons Learned Processes have you used - or has it mostly been unstructured? In our Precious Blog entry we reflected generally on Project Lessons Learned.

Process Groups and the 5 Steps of Traditional Project Management


Let’s take a closer look at process groups and how they help you move through the five traditional stages of project management. What are process groups? Baking a Pie Metaphor for Process Groups. The planning process group has a lot of work to do.

From Onboarding to Expert: Optimizing Projects and Processes with LiquidPlanner


Here at LiquidPlanner we’ve identified four main stages our customers go through to optimize their projects and processes. We encourage the use of activities because they can drive valuable analysis into how your project hours are distributed by classification and billable status.

How to memorize the 49 processes from PMBOK 6th Edition in under 30 minutes


The 49 processes (shown below) form the skeleton or outline for the PMBOK – if you fully understand the 49 processes you are well on your way to passing your PMP or CAPM exam! The Process Chart. The center of the table shows all 49 processes. Number of Processes.

2018 171

Without a Root Cause Analysis, No Corrective or Preventive Action is Credible - Part 1

Herding Cats

But before going further, let's establish the definitions we need to understand and apply Root Cause Analysis needed to discover the corrective and preventive actions to increase the probability of project success - especially Software Project Success. Root Cause Analysis: A Step?by?Step

2014 51

Process is King Part 2

Herding Cats

I wrote a post about Process is King a few years ago. Came across a few posts about how people trump process. fail to put those people in a process that can guide their success. . People without process is an undirected effort and where I work, that's called waste.

How to Create a SIPOC Model for Process Creation or Improvement [SIPOC Template Download]

Project Bliss

If you have a project that involves any type of process improvement, a SIPOC Model is a great tool to get your team started. It’s a great tool to facilitate discussion and common understanding when dealing with processes that can be complex – and gets you off to a great start.

2018 181

How To Create A Simple Project Plan (Project Planning Process)

PM Basics

Nevertheless, project planning is a structured and logical process. At each moment of the process, you’re in need of information that you don’t have yet. Most of the processes are interrelated, and you don’t know where to start from. You need to evaluate each process.

Without a Root Cause Analysis, No Suggested Fix Can Be Effective

Herding Cats

Using the chart from the post, showing the number of projects that went over their estimated effort, let's look closer at a process to sort out the conjectures made in the post about estimating. Start with Root Cause Analysis and only then suggest the reason for the problem.

2016 74

No more initial estimates? NOOOOOOOOOOO!

Kiron Bondale

Tagged: communications , improving project management , Process compliance stupidity , Project scheduling , Risk management , Stakeholder analysis , Valuable projects. It’s unfortunately an all too familiar scenario.