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Product-based planning is a structured approach to project management, based on identifying all of the products (project deliverables) that contribute to achieving the project objectives. As such, it defines a successful project as output-oriented rather than activity- or task-oriented. [ 35 ]
Project plan – is a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed. [10]
A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.
Necessary condition analysis follows a step-by-step approach to identify necessary conditions. The key steps involved in conducting NCA are as follows: Formulation of a necessity hypothesis: The first step in NCA is to clearly define the theoretical expectation specifying the condition(s) that may be necessary for the outcome of interest.
Program evaluation is a systematic method for collecting, analyzing, and using information to answer questions about projects, policies and programs, [1] particularly about their effectiveness and efficiency.
The project has two critical paths: activities B and C, or A, D, and F – giving a minimum project time of 7 months with fast tracking. Activity E is sub-critical, and has a float of 1 month. The critical path method ( CPM ), or critical path analysis ( CPA ), is an algorithm for scheduling a set of project activities. [ 1 ]
The project will deliver the solution to the business need. The result of a review may be the termination or amendment of the project. [27] The business case may also be subject to amendment if the review concludes that the business need has abated or changed, [2] this will have a knock on effect [28] on the project.
In systems engineering and software engineering, requirements analysis focuses on the tasks that determine the needs or conditions to meet the new or altered product or project, taking account of the possibly conflicting requirements of the various stakeholders, analyzing, documenting, validating, and managing software or system requirements.