Milestone trend analysis - Revision history

Ann Sofie: /* Introduction */

2022-03-19T20:42:05Z

Introduction

← Older revision		Revision as of 20:42, 19 March 2022
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	== Introduction ==		== Introduction ==
	According to ISO 21502 and PRINCE2, milestones and "gates" or decision points based on the project life cycle, combined with a detailed project plan of the phases, should prepare the initial phase of any project. The project plan provides a statement of the time, cost, quality, and scope performance. The project plan identifies management stages and milestones as a baseline to monitor progress management <ref name="Successful PM"> AXELOS Limited 2017, ''Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'',</ref> <ref name="ISO21052"> Danish Standard Association. December 22, 2022. Project, program, and portfolio management – Guidance on project management ISO 21502 </ref>. Each phase in the project plan should have a defined start, end, and a specific milestone derived from decisions, key deliveries, outputs, or outcomes. These decisions are often referred to as "gates" and are an important part of project management. The project manager should collect and analyze performance and progress data to access project progress concerning the agreed project plan, including e.g., completed work, milestones achieved, and costs incurred <ref name="ISO21052"> Danish Standard Association, Danish Standard Association, Project, program and portfolio management – Guidance on project management ISO 21502. December 22, 2021 ,</ref>. To access project progress the project manager could i.e., use '''MTA''' as a compatible tool.		According to ISO 21502 and PRINCE2, milestones and "gates" or decision points based on the project life cycle, combined with a detailed project plan of the phases, should prepare the initial phase of any project. The project plan provides a statement of the time, cost, quality, and scope performance. The project plan identifies management stages and milestones as a baseline to monitor progress management <ref name="Successful PM"> AXELOS Limited 2017, ''Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'',</ref> <ref name="ISO21052"> Danish Standard Association. December 22, 2022. Project, program, and portfolio management – Guidance on project management ISO 21502 </ref>. Each phase in the project plan should have a defined start, end, and a specific milestone derived from decisions, key deliveries, outputs, or outcomes. These decisions are often referred to as "gates" and are an important part of project management. The project manager should collect and analyze performance and progress data to access project progress concerning the agreed project plan, including e.g., completed work, milestones achieved, and costs incurred <ref name="ISO21052"> Danish Standard Association, Danish Standard Association, Project, program and portfolio management – Guidance on project management ISO 21502. December 22, 2021 ,</ref>. To access project progress the project manager could i.e., use '''MTA''' as a compatible tool for analyzation.

	== Milestones and Trend Analysis ==		== Milestones and Trend Analysis ==

Ann Sofie at 20:37, 19 March 2022

2022-03-19T20:37:57Z

← Older revision		Revision as of 20:37, 19 March 2022
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	Milestones monitor the progress of any project and help the project manager classify different tasks, thereby identifying critical paths. It is a practical way to easily share the progress and health of the project with stakeholders and the project team <ref name="Using milestones in project plan"> Greytrix. April 26, 2017. Benefit of Using Milestones in Project Plan, https://www.greytrix.com/blogs/sagecrm/2017/04/26/benefit-of-using-milestones-in-project-plan/, Retrieved February 10, 2022</ref>. To monitor and compare the progress of each milestone with the planned schedule, a simple method, '''M'''ilestone '''T'''rend '''A'''nalysis ('''MTA'''), can be used to navigate through uncertainties and limited information. It allows project managers to recognize deviations and trends from the planned schedule. '''MTA''' is a graphic method for comparing the scheduled date of the milestones and the various point in time <ref name="Milestone Trend Analysis (MTA)"> SAP Simple Finance. Milestone Trend Analysis (MTA), https://help.sap.com/doc/cad8b65334e6b54ce10000000a174cb4/2.6/en-US/63f9bb53707db44ce10000000a174cb4.html, Retrieved February 10, 2022</ref>.		Milestones monitor the progress of any project and help the project manager classify different tasks, thereby identifying critical paths. It is a practical way to easily share the progress and health of the project with stakeholders and the project team <ref name="Using milestones in project plan"> Greytrix. April 26, 2017. Benefit of Using Milestones in Project Plan, https://www.greytrix.com/blogs/sagecrm/2017/04/26/benefit-of-using-milestones-in-project-plan/, Retrieved February 10, 2022</ref>. To monitor and compare the progress of each milestone with the planned schedule, a simple method, '''M'''ilestone '''T'''rend '''A'''nalysis ('''MTA'''), can be used to navigate through uncertainties and limited information. It allows project managers to recognize deviations and trends from the planned schedule. '''MTA''' is a graphic method for comparing the scheduled date of the milestones and the various point in time <ref name="Milestone Trend Analysis (MTA)"> SAP Simple Finance. Milestone Trend Analysis (MTA), https://help.sap.com/doc/cad8b65334e6b54ce10000000a174cb4/2.6/en-US/63f9bb53707db44ce10000000a174cb4.html, Retrieved February 10, 2022</ref>.


	== Introduction ==		== Introduction ==

Ann Sofie: /* Introduction */

2022-03-19T20:37:48Z

Introduction

← Older revision		Revision as of 20:37, 19 March 2022
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	== Introduction ==		== Introduction ==
	According to ISO 21502 and PRINCE2, milestones and "gates" or decision points based on the project life cycle, combined with a detailed project plan of the phases, should prepare the initial phase of any project. The project plan provides a statement of the time, cost, quality, and scope performance. The project plan identifies management stages and milestones as a baseline to monitor progress management <ref name="Successful PM"> AXELOS Limited 2017, ''Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'',</ref> <ref name="ISO21052"> Danish Standard Association. December 22, 2022. Project, program and portfolio management – Guidance on project management ISO 21502 </ref>. Each phase in the project plan should have a defined start, end, and a specific milestone derived from decisions, key deliveries, outputs, or outcomes. These decisions are often referred to as "gates" and are an important part of project management. The project manager should collect and analyze performance and progress data to access project progress concerning the agreed project plan, including e.g., completed work, milestones achieved, and costs incurred <ref name="ISO21052"> Danish Standard Association, Danish Standard Association, Project, program and portfolio management – Guidance on project management ISO 21502. December 22, 2021 ,</ref>. To access project progress the project manager could i.e., use '''MTA''' as a compatible tool.		According to ISO 21502 and PRINCE2, milestones and "gates" or decision points based on the project life cycle, combined with a detailed project plan of the phases, should prepare the initial phase of any project. The project plan provides a statement of the time, cost, quality, and scope performance. The project plan identifies management stages and milestones as a baseline to monitor progress management <ref name="Successful PM"> AXELOS Limited 2017, ''Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'',</ref> <ref name="ISO21052"> Danish Standard Association. December 22, 2022. Project, program, and portfolio management – Guidance on project management ISO 21502 </ref>. Each phase in the project plan should have a defined start, end, and a specific milestone derived from decisions, key deliveries, outputs, or outcomes. These decisions are often referred to as "gates" and are an important part of project management. The project manager should collect and analyze performance and progress data to access project progress concerning the agreed project plan, including e.g., completed work, milestones achieved, and costs incurred <ref name="ISO21052"> Danish Standard Association, Danish Standard Association, Project, program and portfolio management – Guidance on project management ISO 21502. December 22, 2021 ,</ref>. To access project progress the project manager could i.e., use '''MTA''' as a compatible tool.


	== Milestones and Trend Analysis ==		== Milestones and Trend Analysis ==

Ann Sofie: /* Trend Analysis */

2022-03-19T20:37:30Z

Trend Analysis

← Older revision		Revision as of 20:37, 19 March 2022
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	Trend analysis analyzes trends and points in turn within the project. In project management, trend analysis is a mathematical technique predicting future events based on the recently observed trends. Trend analysis is build-on the idea; of what happened in the past, creates an idea of what could happen in the future. It is a tool used to collect information and spot a specific pattern within the planned schedule. Trend analysis can predict future events and also estimate uncertainties in a project. Tracking costs and whether activities are on schedule limits possibilities and estimates uncertainties. Trend analysis can be referred to as a project manager's quality control of the project. It warns the project manager, that problems may occur later in the schedule if trends continue. Thus, information must be available in the early phases of the project team can analyze and prevent any irregularities <ref name="TA"> Haralayya, B. (2018), ''A STUDY ON TREND ANALYSIS AT KESHAV ENTERPRISES VASANTH 3LA17MBA20'',</ref>.		Trend analysis analyzes trends and points in turn within the project. In project management, trend analysis is a mathematical technique predicting future events based on the recently observed trends. Trend analysis is build-on the idea; of what happened in the past, creates an idea of what could happen in the future. It is a tool used to collect information and spot a specific pattern within the planned schedule. Trend analysis can predict future events and also estimate uncertainties in a project. Tracking costs and whether activities are on schedule limits possibilities and estimates uncertainties. Trend analysis can be referred to as a project manager's quality control of the project. It warns the project manager, that problems may occur later in the schedule if trends continue. Thus, information must be available in the early phases of the project team can analyze and prevent any irregularities <ref name="TA"> Haralayya, B. (2018), ''A STUDY ON TREND ANALYSIS AT KESHAV ENTERPRISES VASANTH 3LA17MBA20'',</ref>.


	== Schedule Management ==		== Schedule Management ==

Ann Sofie: /* Annotated Bibliography */

2022-03-19T20:37:20Z

Annotated Bibliography

← Older revision		Revision as of 20:37, 19 March 2022
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	'''Technical University of Denmark - ProjectLab, Project Canvas - The tool for doing projects'''. The paper consists of an explanation of how to improve project teams’ communication and provides a simplified project overview. The tool is built on methodologies from SCRUM, PMI, and PRINCE2 and covers simple empirically tested tools retrieved from these. The tool is known as, Project Canvas, and consists of 16 elements giving a complete overview of the specific project. It clarifies the four different perspectives, purpose, people, complexity, and uncertainty. The tool is also valuable for teaching – as it gives the students an overview of their project and encourages dialog.		'''Technical University of Denmark - ProjectLab, Project Canvas - The tool for doing projects'''. The paper consists of an explanation of how to improve project teams’ communication and provides a simplified project overview. The tool is built on methodologies from SCRUM, PMI, and PRINCE2 and covers simple empirically tested tools retrieved from these. The tool is known as, Project Canvas, and consists of 16 elements giving a complete overview of the specific project. It clarifies the four different perspectives, purpose, people, complexity, and uncertainty. The tool is also valuable for teaching – as it gives the students an overview of their project and encourages dialog.


	==References==		==References==

	<references/>		<references/>

Ann Sofie: /* Limitations */

2022-03-19T20:37:09Z

Limitations

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	Milestone trend analysis is a type of analysis that only provides an opportunity to respond to problems, not foresight the exact future or prevention irregularities. Problems can amplify and grow to the point they are unmanageable, resulting in a significant over budget/planning project. The simplicity of the analysis means that the method does not cover all the things that may be necessary for a project. The method is limited to an actual comparison of the status of a task - this means that it does not consider the extent to which tasks are interdependent. In addition, it does not necessarily show the problem areas of a project in time, and they only become visible later.		Milestone trend analysis is a type of analysis that only provides an opportunity to respond to problems, not foresight the exact future or prevention irregularities. Problems can amplify and grow to the point they are unmanageable, resulting in a significant over budget/planning project. The simplicity of the analysis means that the method does not cover all the things that may be necessary for a project. The method is limited to an actual comparison of the status of a task - this means that it does not consider the extent to which tasks are interdependent. In addition, it does not necessarily show the problem areas of a project in time, and they only become visible later.


	== Annotated Bibliography ==		== Annotated Bibliography ==

Ann Sofie: /* Milestone Trend Analysis */

2022-03-19T20:36:57Z

Milestone Trend Analysis

← Older revision		Revision as of 20:36, 19 March 2022
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	Milestone Trend Analysis is primarily used to assess and control the high risk of project delays. Therefore, when preparing tasks and schedules, buffers for disruptive factors should be included. The analysis enables the team to identify bottlenecks in advantages and initiate measures to ensure that tasks are completed before the deadline. If the project team is incapable of correcting the delays/bottlenecks, the tool will be able to help inform any stakeholders about delays in advantages. MTA is also suitable for the overall evaluation of the project as the project manager can check where the error in the planning is and thereby learn from it for future projects <ref name="Startup Guide">. </ref>.		Milestone Trend Analysis is primarily used to assess and control the high risk of project delays. Therefore, when preparing tasks and schedules, buffers for disruptive factors should be included. The analysis enables the team to identify bottlenecks in advantages and initiate measures to ensure that tasks are completed before the deadline. If the project team is incapable of correcting the delays/bottlenecks, the tool will be able to help inform any stakeholders about delays in advantages. MTA is also suitable for the overall evaluation of the project as the project manager can check where the error in the planning is and thereby learn from it for future projects <ref name="Startup Guide">. </ref>.


	=== How to implement MTA in a project ===		=== How to implement MTA in a project ===
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	\|style="width: 50%"\|The MTA allows any project manager to focus on the tendencies occurring through projects. The determination of trends and discrepancies can inform the project manager’s next project and help make strategic decisions. It is worth noticing that discrepancies should not necessarily raise concern, but they can be used to adjust expectations to the project manager and the team.		\|style="width: 50%"\|The MTA allows any project manager to focus on the tendencies occurring through projects. The determination of trends and discrepancies can inform the project manager’s next project and help make strategic decisions. It is worth noticing that discrepancies should not necessarily raise concern, but they can be used to adjust expectations to the project manager and the team.
	\|}		\|}


	===Graphical application===		===Graphical application===
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	By illustrating the milestones after each reporting period into the MTA chart, it is easy to follow the reporting period vs. the planned period and thereby obtain a trend for each milestone. This project example was completed with minor delays, but overall on time.		By illustrating the milestones after each reporting period into the MTA chart, it is easy to follow the reporting period vs. the planned period and thereby obtain a trend for each milestone. This project example was completed with minor delays, but overall on time.


	== Benefits and limitations ==		== Benefits and limitations ==

Ann Sofie at 20:36, 19 March 2022

2022-03-19T20:36:33Z

← Older revision		Revision as of 20:36, 19 March 2022
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	Milestones monitor the progress of any project and help the project manager classify different tasks, thereby identifying critical paths. It is a practical way to easily share the progress and health of the project with stakeholders and the project team <ref name="Using milestones in project plan"> Greytrix. April 26, 2017. Benefit of Using Milestones in Project Plan, https://www.greytrix.com/blogs/sagecrm/2017/04/26/benefit-of-using-milestones-in-project-plan/, Retrieved February 10, 2022</ref>. To monitor and compare the progress of each milestone with the planned schedule, a simple method, '''M'''ilestone '''T'''rend '''A'''nalysis ('''MTA'''), can be used to navigate through uncertainties and limited information. It allows project managers to recognize deviations and trends from the planned schedule. '''MTA''' is a graphic method for comparing the scheduled date of the milestones and the various point in time <ref name="Milestone Trend Analysis (MTA)"> SAP Simple Finance. Milestone Trend Analysis (MTA), https://help.sap.com/doc/cad8b65334e6b54ce10000000a174cb4/2.6/en-US/63f9bb53707db44ce10000000a174cb4.html, Retrieved February 10, 2022</ref>.		Milestones monitor the progress of any project and help the project manager classify different tasks, thereby identifying critical paths. It is a practical way to easily share the progress and health of the project with stakeholders and the project team <ref name="Using milestones in project plan"> Greytrix. April 26, 2017. Benefit of Using Milestones in Project Plan, https://www.greytrix.com/blogs/sagecrm/2017/04/26/benefit-of-using-milestones-in-project-plan/, Retrieved February 10, 2022</ref>. To monitor and compare the progress of each milestone with the planned schedule, a simple method, '''M'''ilestone '''T'''rend '''A'''nalysis ('''MTA'''), can be used to navigate through uncertainties and limited information. It allows project managers to recognize deviations and trends from the planned schedule. '''MTA''' is a graphic method for comparing the scheduled date of the milestones and the various point in time <ref name="Milestone Trend Analysis (MTA)"> SAP Simple Finance. Milestone Trend Analysis (MTA), https://help.sap.com/doc/cad8b65334e6b54ce10000000a174cb4/2.6/en-US/63f9bb53707db44ce10000000a174cb4.html, Retrieved February 10, 2022</ref>.


	== Introduction ==		== Introduction ==
	According to ISO 21502 and PRINCE2, milestones and "gates" or decision points based on the project life cycle, combined with a detailed project plan of the phases, should prepare the initial phase of any project. The project plan provides a statement of the time, cost, quality, and scope performance. The project plan identifies management stages and milestones as a baseline to monitor progress management <ref name="Successful PM"> AXELOS Limited 2017, ''Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'',</ref> <ref name="ISO21052"> Danish Standard Association. December 22, 2022. Project, program and portfolio management – Guidance on project management ISO 21502 </ref>. Each phase in the project plan should have a defined start, end, and a specific milestone derived from decisions, key deliveries, outputs, or outcomes. These decisions are often referred to as "gates" and are an important part of project management. The project manager should collect and analyze performance and progress data to access project progress concerning the agreed project plan, including e.g., completed work, milestones achieved, and costs incurred <ref name="ISO21052"> Danish Standard Association, Danish Standard Association, Project, program and portfolio management – Guidance on project management ISO 21502. December 22, 2021 ,</ref>. To access project progress the project manager could i.e., use '''MTA''' as a compatible tool.		According to ISO 21502 and PRINCE2, milestones and "gates" or decision points based on the project life cycle, combined with a detailed project plan of the phases, should prepare the initial phase of any project. The project plan provides a statement of the time, cost, quality, and scope performance. The project plan identifies management stages and milestones as a baseline to monitor progress management <ref name="Successful PM"> AXELOS Limited 2017, ''Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'',</ref> <ref name="ISO21052"> Danish Standard Association. December 22, 2022. Project, program and portfolio management – Guidance on project management ISO 21502 </ref>. Each phase in the project plan should have a defined start, end, and a specific milestone derived from decisions, key deliveries, outputs, or outcomes. These decisions are often referred to as "gates" and are an important part of project management. The project manager should collect and analyze performance and progress data to access project progress concerning the agreed project plan, including e.g., completed work, milestones achieved, and costs incurred <ref name="ISO21052"> Danish Standard Association, Danish Standard Association, Project, program and portfolio management – Guidance on project management ISO 21502. December 22, 2021 ,</ref>. To access project progress the project manager could i.e., use '''MTA''' as a compatible tool.


	== Milestones and Trend Analysis ==		== Milestones and Trend Analysis ==
Line 32:		Line 34:

	Trend analysis analyzes trends and points in turn within the project. In project management, trend analysis is a mathematical technique predicting future events based on the recently observed trends. Trend analysis is build-on the idea; of what happened in the past, creates an idea of what could happen in the future. It is a tool used to collect information and spot a specific pattern within the planned schedule. Trend analysis can predict future events and also estimate uncertainties in a project. Tracking costs and whether activities are on schedule limits possibilities and estimates uncertainties. Trend analysis can be referred to as a project manager's quality control of the project. It warns the project manager, that problems may occur later in the schedule if trends continue. Thus, information must be available in the early phases of the project team can analyze and prevent any irregularities <ref name="TA"> Haralayya, B. (2018), ''A STUDY ON TREND ANALYSIS AT KESHAV ENTERPRISES VASANTH 3LA17MBA20'',</ref>.		Trend analysis analyzes trends and points in turn within the project. In project management, trend analysis is a mathematical technique predicting future events based on the recently observed trends. Trend analysis is build-on the idea; of what happened in the past, creates an idea of what could happen in the future. It is a tool used to collect information and spot a specific pattern within the planned schedule. Trend analysis can predict future events and also estimate uncertainties in a project. Tracking costs and whether activities are on schedule limits possibilities and estimates uncertainties. Trend analysis can be referred to as a project manager's quality control of the project. It warns the project manager, that problems may occur later in the schedule if trends continue. Thus, information must be available in the early phases of the project team can analyze and prevent any irregularities <ref name="TA"> Haralayya, B. (2018), ''A STUDY ON TREND ANALYSIS AT KESHAV ENTERPRISES VASANTH 3LA17MBA20'',</ref>.


	== Schedule Management ==		== Schedule Management ==
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	By illustrating the milestones after each reporting period into the MTA chart, it is easy to follow the reporting period vs. the planned period and thereby obtain a trend for each milestone. This project example was completed with minor delays, but overall on time.		By illustrating the milestones after each reporting period into the MTA chart, it is easy to follow the reporting period vs. the planned period and thereby obtain a trend for each milestone. This project example was completed with minor delays, but overall on time.


	== Benefits and limitations ==		== Benefits and limitations ==
Line 128:		Line 132:

	Milestone trend analysis is a type of analysis that only provides an opportunity to respond to problems, not foresight the exact future or prevention irregularities. Problems can amplify and grow to the point they are unmanageable, resulting in a significant over budget/planning project. The simplicity of the analysis means that the method does not cover all the things that may be necessary for a project. The method is limited to an actual comparison of the status of a task - this means that it does not consider the extent to which tasks are interdependent. In addition, it does not necessarily show the problem areas of a project in time, and they only become visible later.		Milestone trend analysis is a type of analysis that only provides an opportunity to respond to problems, not foresight the exact future or prevention irregularities. Problems can amplify and grow to the point they are unmanageable, resulting in a significant over budget/planning project. The simplicity of the analysis means that the method does not cover all the things that may be necessary for a project. The method is limited to an actual comparison of the status of a task - this means that it does not consider the extent to which tasks are interdependent. In addition, it does not necessarily show the problem areas of a project in time, and they only become visible later.


	== Annotated Bibliography ==		== Annotated Bibliography ==
Line 139:		Line 144:

	'''Technical University of Denmark - ProjectLab, Project Canvas - The tool for doing projects'''. The paper consists of an explanation of how to improve project teams’ communication and provides a simplified project overview. The tool is built on methodologies from SCRUM, PMI, and PRINCE2 and covers simple empirically tested tools retrieved from these. The tool is known as, Project Canvas, and consists of 16 elements giving a complete overview of the specific project. It clarifies the four different perspectives, purpose, people, complexity, and uncertainty. The tool is also valuable for teaching – as it gives the students an overview of their project and encourages dialog.		'''Technical University of Denmark - ProjectLab, Project Canvas - The tool for doing projects'''. The paper consists of an explanation of how to improve project teams’ communication and provides a simplified project overview. The tool is built on methodologies from SCRUM, PMI, and PRINCE2 and covers simple empirically tested tools retrieved from these. The tool is known as, Project Canvas, and consists of 16 elements giving a complete overview of the specific project. It clarifies the four different perspectives, purpose, people, complexity, and uncertainty. The tool is also valuable for teaching – as it gives the students an overview of their project and encourages dialog.


	==References==		==References==

	<references/>		<references/>

Ann Sofie: /* Annotated Bibliography */

2022-03-19T20:35:15Z

Annotated Bibliography

← Older revision		Revision as of 20:35, 19 March 2022
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	'''AXELOS Limited 2017, Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'''. Prince2 is based on best practice methods from thousands of projects, project sponsors, managers, teams, and so on. The methods and theory from the paper can be applied by any project regardless of its scale, organization, etc. Prince2 consists of four principles: principles (''a method for determining whether a project is being managed''), themes (''this principle describe aspects that must be parallel throughout the project''), processes (''describes the stage of the initial phases, the project lifecycle, and the termination''), and the project environment (''a method for tailoring organizations project management'').		'''AXELOS Limited 2017, Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'''. Prince2 is based on best practice methods from thousands of projects, project sponsors, managers, teams, and so on. The methods and theory from the paper can be applied by any project regardless of its scale, organization, etc. Prince2 consists of four principles: principles (''a method for determining whether a project is being managed''), themes (''this principle describe aspects that must be parallel throughout the project''), processes (''describes the stage of the initial phases, the project lifecycle, and the termination''), and the project environment (''a method for tailoring organizations project management'').


	'''Danish Standard Association, Project, programme and portfolio management – Guidance on project management ISO 21502'''. The standard is a document that guides concepts and practices for project management – a guideline for successful project management. The guidelines are applicable for organizations regardless of the complexity of use, the cost and the duration of the project, purpose, and so on. The standard provides best practices based on experienced results within project management. However, this standard only covers topics related to general project management and not program or portfolio management.		'''Danish Standard Association, Project, programme and portfolio management – Guidance on project management ISO 21502'''. The standard is a document that guides concepts and practices for project management – a guideline for successful project management. The guidelines are applicable for organizations regardless of the complexity of use, the cost and the duration of the project, purpose, and so on. The standard provides best practices based on experienced results within project management. However, this standard only covers topics related to general project management and not program or portfolio management.


	'''Technical University of Denmark - ProjectLab, Project Canvas - The tool for doing projects'''. The paper consists of an explanation of how to improve project teams’ communication and provides a simplified project overview. The tool is built on methodologies from SCRUM, PMI, and PRINCE2 and covers simple empirically tested tools retrieved from these. The tool is known as, Project Canvas, and consists of 16 elements giving a complete overview of the specific project. It clarifies the four different perspectives, purpose, people, complexity, and uncertainty. The tool is also valuable for teaching – as it gives the students an overview of their project and encourages dialog.		'''Technical University of Denmark - ProjectLab, Project Canvas - The tool for doing projects'''. The paper consists of an explanation of how to improve project teams’ communication and provides a simplified project overview. The tool is built on methodologies from SCRUM, PMI, and PRINCE2 and covers simple empirically tested tools retrieved from these. The tool is known as, Project Canvas, and consists of 16 elements giving a complete overview of the specific project. It clarifies the four different perspectives, purpose, people, complexity, and uncertainty. The tool is also valuable for teaching – as it gives the students an overview of their project and encourages dialog.

Ann Sofie: /* Annotated Bibliography */

2022-03-19T20:35:05Z

Annotated Bibliography

← Older revision		Revision as of 20:35, 19 March 2022
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	'''Haralayya, B. (2018), A study of trend analysis at KESHAV ENTERPRISES VASANTH'''.		'''Haralayya, B. (2018), A study of trend analysis at KESHAV ENTERPRISES VASANTH'''.
	This study is carried out as an analysis of trends at Keshav Enterprises Vasanth in India. The study investigates the tractor segment, profile of JOHN DEERE company, finance, human resource, marketing, and production of the company. Furthermore, it covers the company’s key management problems and suitable solutions for solving them. To analyze the company’s data and predict ~~the~~ future price movements the trend analysis technique can be used.		This study is carried out as an analysis of trends at Keshav Enterprises Vasanth in India. The study investigates the tractor segment, a profile of JOHN DEERE company, finance, human resource, marketing, and production of the company. Furthermore, it covers the company’s key management problems and suitable solutions for solving them. To analyze the company’s data and predict future price movements the trend analysis technique can be used.

	'''AXELOS Limited 2017, Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'''.		'''AXELOS Limited 2017, Project Management: "Managing Successful Projects with PRINCE2" 6th Edition (2017)'''. Prince2 is based on best practice methods from thousands of projects, project sponsors, managers, teams, and so on. The methods and theory from the paper can be applied by any project regardless of its scale, organization, etc. Prince2 consists of four principles: principles (''a method for determining whether a project is being managed''), themes (''this principle describe aspects that must be parallel throughout the project''), processes (''describes the stage of the initial phases, the project lifecycle, and the termination''), and the project environment (''a method for tailoring organizations project management'').