Blogs and Tools
Steps that should be followed to construct a house of quality are as follows Step-1: Voice of the customer This step includes determining and identifying the customer’s needs. The main objective of this step is to translate the needs of every customer into engineering specifications. Customers buy products that have the desired characteristics, and […]
The following are the list of project costs items: Direct and Indirect Costs Variable and fixed costs Actual and standard costs Direct and indirect costs Direct costs are expenses that directly affect the budget of a project. Expenses that are for the express benefit of the project, and would not be incurred if […]
Parametric estimating is an estimating technique that uses a statistical relationship between historical data and other variables, such as square footage in construction and lines of code in software development for calculating an estimate for activity parameters, such as scope, cost, budget, and duration. Parametric estimating can produce higher levels of accuracy depending upon the […]
Different companies use different Business Value Models to measure the value of their businesses. The following are the important modules Balanced scorecard model The Treacy-Wiersema model The Kano model Balanced scorecard model The balanced scorecard model defines four scoring areas for business value and was first published by Robert S. Kaplan and David P. […]