The OSCAR coaching and mentoring model, developed by Karen Whittleworth and Andrew Gilbert, is a structured framework used for coaching and mentoring interactions. This helps in selecting a situational Leadership style. The acronym “OSCAR” stands for:
Leadership is when someone guides and influences a group of people to work together toward a common goal. However, there is no universal process that fits every situation like a magic potion. Adaptation is key when it comes to leadership styles in projects, ensuring they align with the specific needs of the project, the surrounding […]
The precedence diagramming method (PDM) or Activity on Node (AON) is the most commonly used method for arranging the project work visually. Within the PDM technique, tasks are depicted as nodes, outlining their logical relationships or dependencies. This visual representation elucidates the sequential logic guiding the order in which activities are intended to be executed. […]
The Requirements Traceability Matrix (RTM) is a document that links requirements throughout the validation process and project lifecyle. The purpose of the Requirements Traceability Matrix is to ensure that all requirements defined for a system are tested in the test protocols. It ensures that requirements approved in requirements documentation are delivered at the end of the project. Advantages of RTM Optional Items […]
Make-or-Buy Analysis is the process of gathering and organizing data about product requirements and analyzing them against available alternatives, including the purchase or internal manufacture of the product As part of the Procurement Management Plan, we do a Make-or-Buy Analysis which results in the Make-or-Buy Decision Make-or-buy analysis may use payback period, return on investment […]
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 […]
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 […]
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 […]
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 […]
