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This analysis can be converted to risk themes and their impacts whereupon the process can be repeated. With every analysis cycle, the analysis process proceeds from the more general to the more specific, examining the questions that have been discovered in the previous cycle, until the architecture has been fine-tuned and the risk themes have ...
A trade study or trade-off study, also known as a figure of merit analysis or a factor of merit analysis, is the activity of a multidisciplinary team to identify the most balanced technical solutions among a set of proposed viable solutions (FAA 2006). These viable solutions are judged by their satisfaction of a series of measures or cost ...
In fact the scope can be a function of cost, time and performance, requiring a trade off among the factors. In practice, however, trading between constraints is not always possible. For example, throwing money (and people) at a fully staffed project can slow it down. [5]
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
The term, Tradespace, is a combination of the words "trade-off" and "playspace", where "trade-off" indicates the method of traversing the Tradespace in search of the optimal boundary space (e.g., trading off a cost in one cost center (variant A) for a cost in another cost center (variant B)).
A root cause is the identification and investigation of the source of the problem where the person(s), system, process, or external factor is identified as the cause of the nonconformity. The root cause analysis can be done via 5 Whys or other methods, e.g. an Ishikawa diagram.
On the other hand, a fourth type of generating a small sample of solutions is included in: [71] [72] An example of the interactive method utilizing trade-off information is the Zionts-Wallenius method, [73] where the decision maker is shown several objective trade-offs at each iteration, and (s)he is expected to say whether (s)he likes ...