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The evidence on differences in estimation accuracy of different estimation approaches and models suggest that there is no "best approach" and that the relative accuracy of one approach or model in comparison to another depends strongly on the context . [18] This implies that different organizations benefit from different estimation approaches.
CMMI best practices are published in documents called models, each of which addresses a different area of interest. Version 1.3 provides models for three areas of interest: development, acquisition, and services. CMMI for Development (CMMI-DEV), v1.3 was released in November 2010. It addresses product and service development processes.
The Capability Maturity Model Integration (CMMI) defines a process area as, "a cluster of related practices in an area that, when implemented collectively, satisfies a set of goals considered important for making improvement in that area." Both CMMI for Development v1.3 and CMMI for Acquisition v1.3 identify 22 process areas, whereas CMMI for ...
Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. . The methodology originates from earlier work on combining technical, economic and risk assessments for chemical production processes
Also, analysts will each have their own criteria and methods for financial modeling. [9] Microsoft Excel now has by far the dominant position, having overtaken Lotus 1-2-3 in the 1990s. Spreadsheet-based modelling can have its own problems, [10] and several standardizations and "best practices" have been proposed. [11] "
Author Jonathan Koomey has recommended a series of best practices for understanding quantitative data. [60] These include: Check raw data for anomalies prior to performing an analysis; Re-perform important calculations, such as verifying columns of data that are formula driven; Confirm main totals are the sum of subtotals;
In this example a company should prefer product B's risk and payoffs under realistic risk preference coefficients. Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine).
More than 430 executable practices derived from the experience of association members are available. [12] The SCOR model defines a best practice as a current, structured, proven and repeatable method for making a positive impact on desired operational results. [13] Current – Must not be emerging (bleeding edge) and must not be antiquated.
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