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The cost of quality (COQ) is the sum total of all costs incurred to ensure that a product or service meets the required level of quality. COQ includes costs associated with preventing defects, appraising the quality of products or services, and taking corrective action when defects are found. Cost Of
A scatter diagram, also known as a scatter plot or scatter graph, is a graphical representation of data points in a two-dimensional coordinate system. It is used to visualize the relationship between two continuous variables, showing how they are distributed and whether there is any pattern or correlation between them.
In the context of Agile methodology, a story map or user story mapping is a visual representation of user stories or product features arranged in a hierarchical or chronological order. It helps agile teams to plan and prioritize their work by providing a high-level overview of the product’s functionality and
The MOSCOW method is an Agile prioritization technique. It categorizes requirements or features into four categories: Must have, Should have, Could have, and Won’t have. MOSCOW helps teams prioritize effectively, focusing on critical functionality first. It guides decision-making, ensuring valuable features are delivered while managing scope. It provides clarity and
1. Earned Value Management (EVM) Definitions and Concept Formulas 2. Network Diagrams 3. Project Estimation 4. Project Selection Methods 5. Expect Monetary Value (EMV) 6. Communication Channels 7. Procurement Management (Point of Total Assumption) 8. Risk Probability 9. Values 1 Sigma = 68.26% 2 Sigme = 95.46% 3 Sigma =
The Kano Model is a technique for classifying customer requirements or features into five categories: Must-Have, One-Dimensional, Attractive, Indifferent, and Dysfunctional. Functional answers are features that customers expect and appreciate when present, leading to satisfaction when fulfilled. These features meet basic requirements and contribute to the overall functionality and performance
Risk mitigation strategies are measures and actions taken to minimize the potential impact and likelihood of risks. These strategies are designed to reduce vulnerabilities, prevent risks from occurring, or mitigate their consequences if they do occur. Five risk mitigation strategies with examples Negative Risk/Threat Positive Risk/ Opportunities Escalate Escalate Avoid
A product roadmap is a document that outlines the goals, features, and timeline for a product. It is used to communicate the product’s vision to stakeholders and to track progress over time. A product roadmap is a high-level action plan that outlines the vision, direction, and progress of a product
In project management, a backlog is a fundamental tool used to keep track of tasks, requirements, and work items that need to be completed. It serves as a centralized repository of all the work that needs to be done, providing a clear overview of the project’s scope and objectives. Within
