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1012 items found

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Work Breakdown Structure (WBS)

Wiki

A work breakdown structure (WBS) is a "deliverable oriented hierarchical decomposition of the work to be executed by the project team" (PMBOK). The WBS visually defines the scope into manageable chunks that a project team can understand, as each level of the WBS provides further definition and detail.

Critical Path Analysis

Wiki

An analysis technique used to identify the critical (essential) and non-critical (non-essential) activities associated with a business process or work plan and the amount of float (slack) associated with each activity.

Pareto Analysis

Wiki

A technique used to identify the few factors that have the greatest impact on an outcome, result, or on measures of quality, satisfaction or performance. Separating these "vital few" from the "trivial many" is generally known as the "80/20" rule. Applying this rule to sources of problems would mean that, on average, 80 percent o...

Key Performance Indicators

Wiki

Key Performance Indicators (KPI) are a set of quantifiable measures that a company or industry uses to gauge and compare performance in terms of meeting their strategic and operational goals.

PMO KPI

Wiki

Improved Project Completion:

Organizational Learning

Wiki

Organizational learning is the process by which managers seek to improve organization members’ capacity to understand and learn the organization’s internal and external environments. In turn, members will perform to their capacity in carrying out their duties and progressively learn when they met with difficulties; hence they can make decisions and achieved objectives that continuously raise organizational effectiveness.

Phase (Hybrid) Estimating

Wiki

This hybrid estimation technique of a project’s costs and duration begins with a top-down approach and then progressively improves the estimates for the project phases as they are implemented. Some projects by their nature cannot be thoroughly defined because of the uncertainty of product designs and configurations due to market volatility of supply and demand.

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