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Business Analysis Terms: S-W

Business Analysis Terms: S-W
Written by Steve Dowling on 2016-11-25


The below are business analysis terms that begin with letters S-W:

Scenarios A technique used to elicit, analyse and validate requirements. A scenario traces the course of a transaction from an initial business trigger through each of the steps needed to achieve a successful outcome. Alternative scenarios, for example, where specific conditions are not met, are also traced.

SFIA and SFIAplus...(Read More)

Business Analysis Terms: M-R

Business Analysis Terms: M-R
Written by Steve Dowling on 2016-11-25


The below are business analysis terms that begin with letters M-R:

McKinsey 7-S A framework developed by the McKinsey consultancy organisation. The 7-S model identifies key areas for the implementation of business change.

MoSCoW An approach to prioritising requirements. MoSCoW stands for:

Must have – A mandatory requirement without which the system has no value.
Should have – A mandatory...(Read More)

Business Analysis Terms: D-K

Business Analysis Terms: D-K
Written by Steve Dowling on 2016-11-25


The below are business analysis terms that begin with letters D-K:

Discounted cash flow An investment appraisal technique that takes account of the time value of money. The annual net cash flow for each year following the implementation of the change is reduced (discounted) in line with the estimated reduction in the value of money. The discounted cash flows are then added to produce a net present...(Read More)

Business Analysis Terms: A-C

Business Analysis Terms: A-C
Written by Steve Dowling on 2016-11-25


The below are business analysis terms that begin with letters A-C:

Activity sampling An investigation technique carried out to determine the amount of time individuals spend on different aspects of their work. Activity sampling is a form of observation and involves the collection of data that may be used for statistical analysis.

Agile An approach to software development based upon the Agile...(Read More)

Supervision Key Points

Supervision Key Points
Written by Steve Dowling on 2016-10-06


The below are key points to remember for supervision:

1. Avoid inconsistency.
2. Always give employees a chance to explain their actions before taking disciplinary action.
Don’t allow too much time for a “cooling off” period before disciplining an employee.
3. Be specific in your criticisms.
4. Delegate responsibility wisely.
5. Do not argue or lose your temper.
6. Promote mutual respect...(Read More)

PERT Advantages and Disadvantages

PERT Advantages and Disadvantages
Written by Steve Dowling on 2016-10-06


The advantages of PERT are:

PERT chart explicitly defines and makes visible dependencies (precedence relationships) between the work breakdown structure (commonly WBS) elements.
PERT facilitates identification of the critical path and makes this visible.
PERT facilitates identification of early start, late start, and slack for each activity.
PERT provides for potentially reduced project duration...(Read More)

PERT Implementation

PERT Implementation
Written by Steve Dowling on 2016-10-06


The first step to scheduling the project is to determine the tasks that the project requires and the order in which they must be completed. The order may be easy to record for some tasks (e.g. When building a house, the land must be graded before the foundation can be laid) while difficult for others (There are two areas that need to be graded, but there are only enough bulldozers to do one). Additionally,...(Read More)

PERT Terminology

PERT Terminology
Written by Steve Dowling on 2016-10-06


PERT event: a point that marks the start or completion of one or more activities. It consumes no time and uses no resources. When it marks the completion of one or more activities, it is not "reached" (does not occur) until all of the activities leading to that event have been completed.
predecessor event: an event that immediately precedes some other event without any other events intervening. An...(Read More)

Program evaluation and review technique

Program evaluation and review technique
Written by Steve Dowling on 2016-10-06


The program (or project) evaluation and review technique, commonly abbreviated PERT, is a statistical tool, used in project management, which was designed to analyze and represent the tasks involved in completing a given project. First developed by the United States Navy in the 1950s, it is commonly used in conjunction with the critical path method (CPM).

PERT is a method to analyze the involved...(Read More)





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