Published in Project Management.
The MoSCoW method is a prioritization technique used in project management to categorize business requirements into four categories: Must have, Should have, Could have, and Won’t have. This allows business to prioritize which project requirements provide the best return on investment (ROI). 1. Must have: These are the essential requirements that are critical for the […]
Published in Business Analysis.
Have you ever started writing a Requirements document for your next Software project that has turned into a mess as you’ve been pouring more and more information there? I certainly did. Hopefully, there’s are clear solutions to this problem. First one, I’d say is having a clear document structure. But that’s clearly not enough if […]
Published (updated: ) in Business Analysis.
Conflation of Requirement Types Business analysts often confuse different requirement levels and types. One challenge is understanding the classification of requirements, while another is grasping the fundamental types. Business analysts often mistakenly use terms like “system requirements” and “user requirements” interchangeably, when in fact they refer to elements at different levels of abstraction. System Requirements […]
Published in Project Management.
In the name of the HD-RW-RM method, capital letters correspond to the first letters of the names of the blocks, and the hyphen serves to remember the rhyme (sang to himself: “h di – ar double u – ar em”). Structure H – Header The title of the task, beginning with a verb, indicating the […]
Published in Project Management.
In English-speaking world we are used to hear SMART when talking about goals. However, German has an alternative – Zielkreuz, translated as Target Cross. In order to formulate overarching goals or sub-goals of a development project and to set milestones and indicators, it is also advisable to work with the crosshairs. It is particularly good […]
Published in Business Analysis.
Requirement engineering is a systematic and disciplined approach to the specification and management of requirements with the following goals: Knowing the relevant requirements, achieving a consensus among the stakeholders about these requirements, documenting them according to given standards and managing them systematically. Understanding and documenting the stakeholders’ desire and needs, they specifying and managing requirements […]
Published in Business Analysis.
On June 20, McKinsey has released a new book. It was written by Eric Lamarr, Kate Smayer and Rodney W. Semmel. Annotation: Most companies have started a digital and AI transformation, but very few have done the fundamental organizational rewiring needed to build the capabilities to drive continuous innovation across the enterprise. After analyzing the […]
Published in Leadership and Soft Skills.
Research and Development process is s a central part of how companies generate revenue and how they get better over time. RnD is just thinking about how you can develop more ideas or more products and services that serve the needs of users or customers in a better and more fulfilling way. Research and Development […]
Published in Leadership and Soft Skills.
Article is based on the 2014 interview with now President of the World Bank Ajay Banga conducted by Stanford Graduate School of Business. Here are some potential reasons why someone might choose to work in an international company: Competitive salaries and benefits. International companies often offer competitive salaries and benefits packages to attract top talent. “When […]
Published (updated: ) in Leadership and Soft Skills.
Projects typically involve multiple parties coming together to form a temporary project organization that manages project execution. Let’s imagine a situation where two teams forming the project team experience friction in practice. Thus, the question is: how can project partners manage the integration of work ethics, practices, and processes to produce the most effective and […]
Published in Project Management.
To answer the question “what is Organizational Project Management”, let’s read a fragment of the recent work “Company ‘As Is – To Be’: how Project Management theory can be used to improve and streamline processes in a real case study” by Micol Abello: The OPM is a ‘strategy execution framework to align portfolio, program, and […]
Published in Business Analysis.
What Is a Data Dictionary? Data Dictionary – a collection of names, definitions, and attributes about data elements that are being used or captured in a database, information system, or part of a research project. A data dictionary is used to catalog and communicate the structure and content of data and provides meaningful descriptions for […]
Published in Business Analysis.
Software Development Life Cycle (SDLC) is the cost-effective and time-efficient process that development teams use to design and build high-quality software. The SDLC aims to produce software that meets or exceeds customer expectations, reaches completion within times and cost estimates, and poses minimal risk. ISO/IEC 12207 is an international standard for software life-cycle processes. It […]
Published in Leadership and Soft Skills.
From the publications of Adam Smith, economies, top managers and company owners strived to implement separation of labor and hire specialists to fill all the key positions. But in more recent works, we can often find mentions of generalists as an important part of the organization in Digital Transformation processes. Thus, a question rises: who […]
Published in Project Management.
Have you ever spent one hour writing a Project Status Update email collecting updates from a dozen of colleagues in chat? I have. And you know what? I don’t want to ever repeat that experience. If you use Jira or at least Trello in your workflow, you may say “Let’s make the requestor check statuses […]
Published in Project Management.
There is no such thing as a perfect process. Ways of working can evolve to produce better outcomes. Lessons Learned is one of the tools that PMs use to identify issues and opportunities in processes. According to PMBOK Guide 7th edition Lessons Learned is a form of internal knowledge about improvements from a specific delivery […]
Published in Business Analysis.
Effective working relationships with the stakeholders are crucial for successful project execution for both Project Managers and Business Analysts. Therefore, it’s important to plan for Stakeholder Engagement (or Stakeholder Management) beforehand. As per BABOK Guide v3: Plan Stakeholder Engagement involves conducting a thorough stakeholder analysis to identify all of the involved stakeholders and analyze their […]
Published in Business Analysis.
There are multiple Business Intelligence instruments available nowadays. However, many corporate world employees still don’t understand the scope of applications for dashboards and other visualizations. In this article, I’ll try to explain when and where you can and should apply BI instruments to deliver value to your company. Let’s begin with a fundamental concept. Data […]
Published in Business Analysis.
Working as a Business Analyst, you’ll have to work with several documents for Software Development. BAs usually use two documents: a Business Requirement Document (BRD) and Functional Specification Document (FRD). However, other documents exist and they work together to create a comprehensive view of the project. One of the most important ones is Software Requirement […]
Published in Business Analysis.
Issue Trees are the tool for “dividing and conquering”. An Issue Tree is a map of the problem you have to solve. Just like a good map it covers the whole problem area and doesn’t go into the slightest details (the specific hypotheses), but focuses on the broad aspects of your problem (the categories). It […]
