DS Solution
Contents |
Introduction
Tools
SWOT Analysis
Defenition
SWOT Analysis [1] is a planning exercise in which managers identify internal organizational strengths (S) and weaknesses (W) and external environmental opportunities (O) and threats (T), using the popular 2x2 matrix.
Practical guidelines
The first step in SWOT analysis is to identify an organization’s strengths (such as high-quality skills in marketing and in research and development) and weaknesses (such as rising manufacturing costs and outdated technology). The task facing managers is to identify the strengths and weaknesses that characterize the present state of their organization.
The second step in SWOT analysis begins when managers embark on a full-scale SWOT planning exercise to identify potential opportunities and threats in the environment that affect the organization now or may affect it in the future. After applying a SWOT analysis on a business project, decision-makers should understand if the goal is attainable or not. In case that the goal is not achievable, decision-makers must select another goal and repeat all the process again.
ADKAR
The ADKAR model [2] is a 5-step framework that helps deal with the people-aspect of change management. ADKAR is an acronym that represents the five milestones or outcomes an individual must achieve for change to be successfully realized: awareness (of the need to change), desire (to participate and support the change), knowledge (about how to change), ability (to implement new skills and behaviors) and reinforcement (to keep the change in place).
When applied to organizational change, this model allows leaders and change management teams to focus their activities on what will collectively drive individual change and produce organizational results. The ADKAR Model will highlight the areas where you can take focused, corrective action to improve change success.
HOUSE OF QUALITY
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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DECISION TREE ANALASYS
Defenition
Decision trees are used to support selection of the best of several alternative courses of action. Alternative paths through the project are shown in the decision tree using branches representing different decisions or events, each of which can have associated costs and related individual project risks (including both threats and opportunities). The end-points of branches in the decision tree represent the outcome from following that particular path, which can be negative or positive.
Benefits
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Advantage
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Disadvantage
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practical guidelines
Decision trees are commonly used in operations research and operations management. If, in practice, decisions have to be taken online with no recall under incomplete knowledge, a decision tree should be paralleled by a probability model as a best choice model or online selection model algorithm. Another use of decision trees is as a descriptive means for calculating conditional probabilities.
link (https://en.wikipedia.org/wiki/Decision_tree)
S.M.A.R.T
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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A3 REPORT
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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WBS
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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THE IRON TRIANGLE
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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STAR MODEL
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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STAKEHOLDER ANALASYS
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Defenition
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Benefits
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Advantage
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Disadvantage
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practical guidelines
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INTERVIEWS
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Defenition
An interview is a formal or informal approach to elicit information from stakeholders by talking to them directly. It is typically performed by asking prepared and spontaneous questions and recording the responses. Interviews are often conducted on an individual basis between an interviewer and an interviewee, but may involve multiple interviewers and/or multiple interviewees.
Benefits
Interviewing experienced project participants, sponsors, other executives, and subject matter experts can aid in identifying and defining the features and functions of the desired product deliverables. Interviews are also useful for obtaining confidential information, assumption and constraint analysis.
Disadvantage
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practical guidelines
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References
- ↑ Gareth R. Jones and Jennifer M. George, Essentials of Contemporary Management, Eighth Edition, page 198, McGraw-Hill Education, 2019, ISBN 9781259927652
- ↑ The Prosci ADKAR Model: Why it Works - https://www.prosci.com/resources/articles/why-the-adkar-model-works
