Project Management
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492 items found

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Benchmarking

Wiki

Benchmarking determines where the enterprise is in relation to performing activities with "best-of-breed" or world class companies. It measures the performance or the degree of success that has been realized in comparison to other companies for a given activity, value stream, or other factor of interest. These measures then become the basis for analysis and redesign.

Project Cash Flow

Wiki

Cash flows are used throughout business and in project management as a means of reporting income and expenditure.

Cost Benefit Analysis

Wiki

A technique to compare the total cost and the total benefit of a proposed solution. Both tangible and intangible factors need to be addressed and taken into account. Components may include:

Objective Setting

Wiki

This technique is used to set specific objectives for an enterprise as a whole and/or for a particular enterprise change project or initiative. An objective can be defined as a specific result the enterprise (or project) would like to achieve within a specified time period. Objectives differ ...

Program Stakeholders

Wiki

List of stakeholders who are influencing and get impacted by the execution of Program and individual projects sharing the same benefits which are part of the Program...

Variance Analysis

Wiki

Variance analysis is the quantitative investigation of the difference between actual and planned behavior. This technique is used for determining the cause and degree of difference between the baseline and actual performance and to maintain control over a project.

Apportionment Method

Wiki

Apportionment method is also known as analogous estimating, uses historical data of past projects that are relatively standard to allocate duration and costs to various segments of the current project. This is performed by assigning percentages of the total planned duration or costs to each segment. It is commonly used in projects that are relatively standard with minimal variation. The percentages are assigned with close reference to past projects' resources and costs allocation.

Boilerplate

Wiki

Boilerplate is standard terminology (often sections of a proposal, deliverable, or contract) that is reusable many times and is unlikely to change.

Amortization

Wiki

Intangible assets, like many produced in the IT world (patents, inventions, a business process or system that offers competitive advantage), contribute to the future revenues. Therefore they can be expensed over time as those revenues occur.

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