Make or Buy Decision

A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier.  A make-or-buy decision compares the costs and benefits associated with producing a necessary good or service internally to the costs and benefits involved in hiring an outside supplier for the resources in question. Strategic decisions […]

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KPIs (Key Performance Indicators) and OKRs (Objectives and Key Results)

Before going into details of each let me start with “KPIs (Key Performance Indicators) and OKRs (Objectives and Key Results) are complementary and can be used together to provide a holistic perspective of the performance and progress of an organisation. While KPIs assist track success against individual objectives, OKRs provide the organization’s overarching direction and […]

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The Product Box; An Agile Planning

Every item we ever purchase comes in some sort of package, which could be a box or a cover. This box is the primary marketing and persuasion tool utilised by the company to convince you that its product is superior to the competition. This packaging provides limited room to play and market, which the seller […]

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Three-point Estimation / PERT Analysis: PMP/CAPM

Three-point estimation/PERT Analysis is useful in situations where there is a high degree of uncertainty and risk involved in the project, and when it is difficult to make accurate point estimates. It allows project managers to identify the range of possible outcomes for each task, and to make more informed decisions about resource allocation, project […]

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Critical Path Method : PMP/CAPM

The critical path method (CPM) is a project management technique used to plan, schedule, and control a project. It is used to identify the sequence of tasks that must be completed on time in order for the project to be completed on schedule. CPM is a widely used method in many different industries, including construction, […]

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PESTLE, TECOP and VUCA

In the fast-paced and unpredictable world of business, staying ahead requires a keen understanding of the forces that shape our environment. As organizations strive to make informed decisions and minimize risks, three essential frameworks come to the forefront—PESTLE, TECOP, and VUCA Let’s delve into the intricacies of PESTLE’s political, economic, social, technological, legal, and environmental […]

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Requirements and Project Scope (PMP/CAPM)

Project Scope: All the work needed to deliver a product, service, or result as defined in product scope. Requirement: A condition or capability that is required to be present in a product, service or result to satisfy a contract or other formally imposed specification. This specifies what user wants to see in the final product My […]

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Requirements

The Project Management Body of Knowledge, Seventh Edition defines requirements as “a condition or capability that is required to be present in a product, service, or result to satisfy a business need.” Requirements are specific, measurable, and achievable conditions or features that a project or system must meet to fulfil its purpose and stakeholders’ needs […]

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Control Chart

A control chart is a tool used to determine a process’s predictability, behaviour, and stability over time. It is ideal for repetitive processes with predictable results. It is a graphic display of a process over time. Control charts measure the performance of a process to ensure it is in control. When a process is in […]

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