Affinity Diagram Affinity Diagram is a technique that allows large number of ideas classified into groups for review and analysis. Where Applied? Within the PMBOK® Guide, Affinity Diagram technique is used in the following processes: Collect Requirements Affinity diagrams allow large number of ideas to be classified into groups for review and analysis. As an […]
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Knowledge Management This topic (Knowledge Management) is newly introduced in PMBOK sixth edition with a new process and a list of tools and techniques. It is welcome change/addition to the sixth edition and so very important to Project Management. We expect this domain is set to grow exponentially in the coming years. In this blog, […]
Agile Release Planning Where Applied? Within the PMBOK® Guide, Agile release planning technique is used in the following processes: DEVELOP SCHEDULE Agile release planning provides a high-level summary timeline of the release schedule (typically 3 to 6 months) based on the product roadmap and the product vision for the product’s evolution. Agile release planning also […]
Regression Analysis Regression analysis technique analyzes the interrelationships between different project variables that contributed to the project outcomes to improve performance on future projects. In simple terms it is an Interpolation Technique used in statistics Simple regression Equation is : Y = BX + C Y is dependent variable B -> Slope X-> Independent variable […]
Simulation is an analytical technique that models the combined effect of uncertainties to evaluate their potential impact on objectives. The effects of uncertainties are analysed and translated in to range estimates in the form of optimistic, most likely and pessimistic estimates using PERT or three point estimating techniques. From these estimates, the mean value is […]
Product Analysis Product Analysis for projects that have a product as a deliverable, it is a tool to define scope that generally means asking questions about a product and forming answers to describe the use, characteristics, and other relevant aspects of what is going to be built or manufactured. Where Applied? Within the PMBOK® Guide, […]
Trend Analysis Trend Analysis an analytical technique that uses mathematical models to forecast future outcomes based on historical results. Where Applied? Within the PMBOK® Guide, Trend Analysis technique is used in the following processes: MONITOR AND CONTROL PROJECT WORK Trend analysis is used to forecast future performance based on past results. It looks ahead in […]