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Delivering Project Management Excellence
Flowchart is the sixth tool of the seven basic quality control tools. A flowchart is a diagram that uses graphic symbols to depict the nature and flow of steps in a process. A flowchart is also known as a flow diagram, process map, or relationship map. This article describes, in brief, what is a flowchart, its use, and tools and techniques used to create it. Read More
PMBOK 6th edition groups tools & techniques as per their purpose. The group names describe the intent of what needs to be done. The tools & techniques in the group represent different methods to accomplish the intent. PMBOK 6th edition has 07 groups of 132 different project management tools also considered as good practices. Read More
A pareto chart is a series of bars whose heights reflect the frequency or impact of problems. It consists of both bars and line graphs. Bars in descending order in a pareto diagram represent individual values and the line is cumulative value. A pareto diagram gets its name from the pareto principle. According to pareto principle 80% of the effects comes from 20% of the causes. Read More
The seven basic quality tools facilitate data collection, data analysis and data visualization. PMBOK 5th edition specifically mentioned the complete list of the seven basic quality tools. However, PMBOK 6th edition has grouped all tools and techniques under six specific categories. Hence this post briefly describes all seven basic quality tools like Pareto diagrams, Check sheets, Control Charts etc. Read More
Quality control data representation tools are the set of tools and techniques that represent quality control data in graphical format. PMBOK 6th edition has grouped all tools & techniques in six major categories; data representation is one such category. Control quality process also uses tools from other categories such as data gathering & data analysis. This post describes quality control data representation tools. Read More
Net Present Value is a financial analysis technique that evaluates project profitability. It is a useful project selection technique. NPV project selection criteria falls under the classification of benefit measurement method. Further, NPV analysis uses discounted cash flow method to assess project profitability. In fact, major advantage of NPV method is that it uses time value of money. Read More
Project selection methods have a vital role during project initiating phase. In fact during the project selection process a project manager rarely has any involvement. However, knowing the essentials of the project selection process adds value to the overall project execution. Moreover, those aspiring for the pmp certification examination need to know the basics of project selection criteria. Read More
