Make-or-Buy Analysis

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 […]

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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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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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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

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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Large-scale software development Frameworks

Scrum of Scrums, LeSS (Large-Scale Scrum), and SAFe (Scaled Agile Framework) are all frameworks designed to facilitate Agile practices and improve collaboration in large-scale software development projects. Each framework has its own approach to scaling Agile methodologies, allowing multiple teams to work together effectively. Scrum of Scrums: Scrum of Scrums is an approach for scaling […]

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Scatter Diagram

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. Each data point on the […]

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Story Map, User Story Mapping

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 user journeys. Think of it […]

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