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

2019 382

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. A thorough knowledge of it and how to use it can greatly benefit any project management process. What Is Gap Analysis? What Gaps Can Gap Analysis Target?

2019 387

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 213

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

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.

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 224

A Quick Guide to Business Process Mapping

ProjectManager.com

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.

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 266

Mastering the Decision-Making Process: A Practical Guide

ProjectManager.com

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.

2019 150

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 102

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

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.

Gap Analysis Template | Gap Analysis Example

Techno-PM

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

Options Analysis

Techno-PM

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.

Using SWOT Analysis for Risk Identification and Risk Management

nTask

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 92

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.

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 189

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.

2010 53

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.

2018 58

Process Groups and the 5 Steps of Traditional Project Management

Redbooth

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.

PESTLE Analysis – Not Got Time For That!

MindGenius

PESTLE Analysis - Not Got Time For That! Give me a break, with everything that needs done around here, why should I spend time doing a PESTLE Analysis? A full company wide PESTLE analysis is a big commitment that requires input from many and also needs loads of facts and figures to base judgement on. In Conclusion, a PESTLE analysis can seem a big deal but in truth it is not.

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

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

ExamsPM

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.

4 Step Guide to Simplifing your Portfolio Definition Process

Keyedin

The portfolio definition process is where you define the terms, scope, catergorization and scoring of your portfolio and gain agreement on your basic portfolio model. Here a 4 steps that will help you simplify this process. Earned value analysis value added.

From Onboarding to Expert: Optimizing Projects and Processes with LiquidPlanner

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.

Beginner’s Guide to Project Management Process

iZenBridge

Project Management Process Skill (Tools and Techniques). Project Management Process in divided into 5 Process Groups. These groups are further bifurcated in 10 Knowledge Areas and 47 Project Management Processes. These Process Groups are: Initiating.

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.

Automate Open Source Code Management with the #1 Software Composition Analysis Tool In WhiteSource

Brad Egeland

The company’s solution integrates fully into the build process, no matter the programming languages, build tools, or development environments. WhiteSource integrates fully into your build process, no matter your programming languages, build tools, or development environments.

2018 99

4 Step Guide to Simplifing your Portfolio Definition Process

Keyedin

The portfolio definition process is where you define the terms, scope, catergorization and scoring of your portfolio and gain agreement on your basic portfolio model. Here a 4 steps that will help you simplify this process. Earned value analysis value added.

Any Effective Process Must.

Herding Cats

Any effective process must provide the following when searching for the Root Cause of the problem the process is trying to fix OR the Beneficial Outcomes the process is trying to maintain. The process must. Clear delineate the know causal relationships that combine to cause to problem OR provide a benefit from the process. Clearly present the needed evidence used to support the existence of the identified causes or the resulting benefits from the process.

How to Create a SIPOC Model for Process Creation or Improvement

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.

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.

How to Organise a Business PESTLE Analysis with MindGenius Online

MindGenius

How To Organise A Business PESTLE Analysis with MindGenius Online. a step-by-step process) as a guide to help you get started. The template has been prepopulated with the key questions to be considered for each aspect of the PESTLE analysis.

2019 36

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 Organise a Company SWOT Analysis with MindGenius Online

MindGenius

How To Organise A Company SWOT Analysis With MindGenius Online. a step-by-step process) as a guide to help you get started. This template lets you facilitate a team based discussion to consider some of the key considerations of SWOT analysis and help you focus and agree the key tasks to learn from the discussions and the analysis. The Task Board is designed to bring a high degree of visibility, process flow and all-important tracking to this stage.

2019 33

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.

All knowledge areas are important but some are more important than others

Kiron Bondale

One reason for this is that knowing who your key stakeholders are as well as understanding their attitudes towards and influence over your project are key inputs into many of the processes from all of the other knowledge areas.

2019 279

Wilo's Law and Mature Communications Processes

Herding Cats

Like nearly every observed problem, there is some underlying cause and Root Cause Analysis is the first step in assessing this undesirable condition to determine if it is correctable or preventable. To make some conjecture that some process will fix the problem - Estimates are the smell of dysfunction and NOT Estimating will fix that dysfunction - is naive at best and willfully ignorant of Root Cause Analysis at worse.