This general technique used throughout different fields as well as in everyday life. It is a way to creatively generate ideas such as solutions or risks. It is listed as a Group Creativity Technique under the fourth edition PMBOK®’s Collect Requirements process, as Alternatives Identification for the Define Scope process, as an Additional Quality Planning… [Read more…]
August 28, 2009 by tapuniversity
The Requirements Traceability Matrix is a tool that organizes a project’s requirements by linking them to their origins and tracing them throughout the project. It is the purpose of the Manage Requirements Traceability process in the BABOK® 2.0 and it is an output of the fourth edition PMBOK®’s Collect Requirements process – a perfect example… [Read more…]
August 27, 2009 by tapuniversity
The To-Complete Performance Index (TCPI) estimates the cost performance necessary in order for the project to meet the original project’s budget goal (Budget At Completion (BAC)) or the new estimate of how much the project will cost (Estimate At Completion (EAC)). This is accomplished by calculating how much work is remaining on the project divided… [Read more…]
August 26, 2009 by tapuniversity
The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed… [Read more…]
August 25, 2009 by tapuniversity
The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed… [Read more…]
August 24, 2009 by tapuniversity
The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed… [Read more…]
August 21, 2009 by tapuniversity
The Budget at Completion (BAC) is how much the project is supposed to cost when finished. However, during the project it may become clear that the project will not end up costing what it is supposed to cost. The Estimate at Completion (EAC) replaces the BAC for the amount that the project is now believed… [Read more…]
August 20, 2009 by tapuniversity
Cost Performance Index (CPI) and Schedule Performance Index (SPI) are indicators of how closely accomplished work is on budget and on schedule. CPI shows how many dollars (or other type of currency) worth of work is being accomplished for every dollar spent. SPI shows how the work is progressing compared to the original schedule. The… [Read more…]
August 19, 2009 by tapuniversity
Cost Variance (CV) and Schedule Variance (SV) are indicators of how closely accomplished work is on budget and on schedule. The formula for CV = EV – AC and the formula for SV = EV – PV. Both of these formulas begin with Earned Value (EV), which is the value of the work already accomplished.… [Read more…]
August 18, 2009 by tapuniversity
The Mind Map is a diagram that illustrates brainstorming around a central word or idea. This method encourages creativity and can be applied to numerous situations, such as generating ideas, classifying them, and visualizing them. It is less constraining than the traditional outline-form of documenting ideas. It can be used to consolidate the brainstorming of… [Read more…]
August 17, 2009 by tapuniversity
The Nominal Group Technique is a group decision-making technique that strives to obtain input from all group members. Before having everyone share their ideas, it can be helpful to have them first write their ideas on pieces of paper. While people are taking turns sharing their ideas, it may inspire group members to have even… [Read more…]
August 14, 2009 by tapuniversity
A Facilitated Workshop is one of the most effective methods of requirements elicitation. Key stakeholders meet together in a focused session, usually lasting one to several days, to define the requirements for a product. They may be originating new ideas for requirements, reviewing existing requirements, or trying to reach agreement on conflicting requirements. Bringing together… [Read more…]
August 13, 2009 by tapuniversity
Psychologist Frederick Herzberg studied the characteristics of one’s job that lead to the work being satisfying or dissatisfying. He found that there are a set of characteristics, such as having responsibility, making achievements, and advancing, that lead to job satisfaction. He called these characteristics “motivators.” Interestingly, it isn’t the absence of these characteristics that lead… [Read more…]
August 12, 2009 by tapuniversity
The tool of Stakeholder Analysis examines the interests, expectations, and influences of a project’s stakeholders. It is a tool and technique of the fourth edition PMBOK®’s Identify Stakeholders process and it is the purpose of the BABOK®’s Conduct Stakeholder Analysis process. First, the stakeholders need to be identified and important information about the documented, such… [Read more…]
August 11, 2009 by tapuniversity
Emma and her family are planning to take a one-week vacation that they believe will cost $2000. However, Emma and her husband decide to set aside 10% more, for a total of $2200, since they guess there could be some unknowns that will end up making the vacation cost more as has happened the last… [Read more…]
August 10, 2009 by tapuniversity
A Qualitative Risk Analysis prioritizes risks based on their probability of occurring and the potential impact if they do occur. It is performed as the fourth edition PMBOK®’s Perform Qualitative Risk Analysis process. First, decide which risks will be included in the Qualitative Risk Analysis. The listing of project risks can be found in the… [Read more…]
August 7, 2009 by David Kohrell
Shortly after this blog posting, in August of 2009, my training took an 180 degree turn. Check out http://coachdavek.com. The quick story was an injury after a solid Pike’s Peak Double in August of 2009, 2 PRish Half Marathons and then a strained Satorius Muscle (groin to quad area on the left leg). That led… [Read more…]
August 7, 2009 by tapuniversity
The Critical Chain Method, developed by Eliyahu M. Goldratt, is a schedule analysis technique that is listed in the fourth edition PMBOK®’s Develop Schedule process. Although similar to the Critical Path Method, this method emphasizes resource limitations and buffers. After building a project schedule network diagram, any necessary changes are made to the schedule based… [Read more…]
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August 31, 2009 by tapuniversity
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