Three-point estimation 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 timelines, […]
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, […]
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 Conformance and Cost of Non-Conformance […]
Agile adaptive planning is a flexible project management technique that promotes adaptability to changing requirements and client expectations. Consisting of continuous iteration, regular reevaluation, and as-needed plan modifications, it is a crucial part of Agile methodology. Agile planning requires less effort upfront and more work throughout the project. So here we are building the product […]
A strong diversity, equity and inclusion strategy can help your organization attract top talent and drive innovative results. Research shows that even just the presence of physical diversity results in better performance. “Companies with more inclusive business cultures and policies see a 59% increase in innovation and 37% better assessment of consumer interest and demand.” International Labour Organization“ Diversity, equity, […]
Understanding roles and duties is a crucial aspect of effective project management. Laying down roles and duties in a Responsibility Assignment Matrix (RAM), also known as a RACI matrix, puts the project up for success in a precise and transparent manner. This could be the project manager’s first success or first failure. Responsibility Assignment Matrix […]
Kaizen is a Japanese term that means “improvement” or “change for the better.” It is a management philosophy and approach that focuses on the continuous improvement of all aspects of an organization, including products, services, processes, and systems. The idea behind Kaizen is that small, incremental improvements made on a regular basis can lead to […]
PDCA/PDSA is a four-stage iterative approach for continually improving the processes by Walter A. Shewhart and Edward Deming. This is a 4 step management method for better control and continuous improvement. P(lan) D(o) C(check) A(ct)/ Plan-Do-Study-Act i.e Continually Improving, in a Methodical Way Phases of PDCA/PDSA The phases or steps of the PDCA/PDSA cycle are […]
Joseph M. Juran is a renowned quality management expert and one of the pioneers of the quality movement. He is best known for his work in the field of Total Quality Management (TQM) and his contributions to the development of the quality management framework known as the “Juran Trilogy.” or Quality Trilogy, The Juran Trilogy […]