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Earned value management is a project management technique for measuring project performance and progress in terms of deducing earned value of a project from planned value and the actual costs. Program Evaluation and Review Technique , commonly abbreviated PERT, is a statistical tool, used in project management to analyze and represent the tasks ...
Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]
Structured data analysis (SDA) is a method for analysing the flow of information within an organization using data flow diagrams.It was originally developed by IBM for systems analysis in electronic data processing, although it has now been adapted for use to describe the flow of information in any kind of project or organization, particularly in the construction industry where the nodes could ...
The critical path method (CPM), or critical path analysis (CPA), is an algorithm for scheduling a set of project activities. [1] A critical path is determined by identifying the longest stretch of dependent activities and measuring the time [ 2 ] required to complete them from start to finish.
Data analysis focuses on the process of examining past data through business understanding, data understanding, data preparation, modeling and evaluation, and deployment. [8] It is a subset of data analytics, which takes multiple data analysis processes to focus on why an event happened and what may happen in the future based on the previous data.
It is a tool to discover and decipher useful information for business decision-making. It is imperative in inferring information from data and adhering to a conclusion or decision from that data. Data analysis can stem from past or future data. Data analysis is an analytical skill, commonly adopted in business, as it allows organisations to ...
In project management, trend analysis is a mathematical technique that uses historical results to predict future outcome. This is achieved by tracking variances in cost and schedule performance. In this context, it is a project management quality control tool. [4] [5]
Project management is the process of supervising the work of a ... analysis of business needs and ... As it is considered that project complexity and project ...