Search results
Results from the WOW.Com Content Network
Benefits management is defined by the Association for Project Management (APM) as the identification, definition, planning, tracking and realization of business benefits. [ 6 ] The third definition is to apply this concept on project management level.
A benefit dependency network (BDN) is a diagram of cause and effect relationships. It is drawn according to a specific structure that visualizes multiple cause-effect ...
Value-stream mapping, also known as material- and information-flow mapping, [1] is a lean [2]-management method for analyzing the current state and designing a future state for the series of events that take a product or service from the beginning of the specific process until it reaches the customer.
When the actual benefits of a venture are less than the projected or estimated benefits, the result is known as a benefit shortfall.. If, for instance, a company is launching a new product or service and projected sales are 40 million dollars per year, whereas actual annual sales turn out to be only 30 million dollars, then the benefit shortfall is said to be 25 percent.
Business process mapping, also known as process charting, has become much more prevalent and understood in the business world in recent years. Process maps can be used in every section of life or business. The Major Steps of Process Improvement using Process Mapping Process identification - identify objectives, scope, players and work areas.
In management, a strategy map is a diagram that documents the strategic goals being pursued by an organization or management team. It is an element of the documentation associated with the Balanced Scorecard , and in particular is characteristic of the second generation of Balanced Scorecard designs that first appeared during the mid-1990s.
A Wardley map is a map for business strategy. [1] Components are positioned within a value chain and anchored by the user need, with movement described by an evolution axis. [ 2 ] Wardley maps are named after Simon Wardley who created the technique at Fotango in 2005 having created the evolutionary framing the previous year.
Outcome mapping is a project progress measurement system that was designed by the grant-making organisation International Development Research Centre (IDRC). It differs from traditional metrics in that it does not focus on measuring deliverables and its effects on primary beneficiaries but on behavioural change exhibited by secondary beneficiaries.