ISM 3541 FSU LANCE KERWIN | DOWNLOAD TO
SCORE GRADE A+| COMPLETE SOLUTION
Planning for success - understanding and setting up your time investment via activities
and milestones.
Project Management Body of Knowledge (PMBOK) - is a process for defining the
"schedule-scope-resources" boundaries that evolve through a concept of progressive
elaboration over a period of time defined by a hard start date and end date.
PMBOK analytics - help assess the time and resource elements against the evolution
of the scope.
where data is stored - in a database
data is extended to - information via applications, queries and reports
information is extended into - knowledge through decision making
knowledge is extended into - wisdom through smart decisions based on high quality
data and experience.
Descriptive Analytics: - leveraging known, historical data to create a story about how an
object (e.g. think noun) arrived in its current state
Predictive Analytics: - creating modules on objects based on attributes gathered from
data sets to determine the future behavior of an object and being able to rationalize the
prediction based on a formula or algorithm that incorporates risk and probability
Decision Analytics: - is "predictive analytics" on steroids where multiple paths for future
behavior are guesstimated based on probability, risk, impact, and priority and is
supported by an overall recommendation(s)
The world of Business Analytics and Data Science - is a "green field"
"green field" implies - that we are in frontier discovery mode.
planned value - is the approved value of the work to be completed in a given time. is
the value that should have being earned as per schedule. "PV is the authorized budget
assigned to work to be accomplished for an activity or WBS component."
, Cost Performance Index (CPI) - it measure the value of work completed compared to
actual cost spent on the project. "The CPI is a measure of the cost efficiency of
budgeted resources, expressed as a ratio of earned value to actual cost."
Earned Value - is the value of work performed expressed in terms of the approved
budget assigned to that work for an activity or WBS component.
Progressive Elaboration - a concept acknowledging the learning process humans
engage as projects are executed where as time progresses, the person gains greater
level of detail.
Schedule Performance Index (SPI) - is a ratio of the earned value (EV) to the planned
value (PV). If the SPI is less than one, it indicates that the project is potentially behind
schedule whereas a Schedule Performance Index of greater than one, indicates the
project is running ahead of schedule.
App - refers to an executable file that is stored locally on a device and conducts some
processing of data locally and then passed back to the server.
web application - implies a browser-based form that processes data through external
servers and presents the results on the device's screen.
"How does a business ensure that it gets the most from the wealth of data?" - twofold.
The two important factors are:
(a) the firm's management must think data analytically. (b) the management must create
a culture where data science methods, and data scientists, will thrive.
Planning for Success Framework - - Scope
- Schedule
- Resources
Schedule - Time and Prioritization - when
Resources - Cost, Budget, and human
Scope - Features, functionality
Intelligence - The ability to acquire and apply knowledge and skills; a person or being
with the ability to acquire and apply knowledge; the collection of information of military
or political value
Analytics - The systematic computational analysis of data or statistics; information
resulting from the systematic analysis of data or statisticso Business Intelligence is on
the decline and Business Analytics is on the rise
SCORE GRADE A+| COMPLETE SOLUTION
Planning for success - understanding and setting up your time investment via activities
and milestones.
Project Management Body of Knowledge (PMBOK) - is a process for defining the
"schedule-scope-resources" boundaries that evolve through a concept of progressive
elaboration over a period of time defined by a hard start date and end date.
PMBOK analytics - help assess the time and resource elements against the evolution
of the scope.
where data is stored - in a database
data is extended to - information via applications, queries and reports
information is extended into - knowledge through decision making
knowledge is extended into - wisdom through smart decisions based on high quality
data and experience.
Descriptive Analytics: - leveraging known, historical data to create a story about how an
object (e.g. think noun) arrived in its current state
Predictive Analytics: - creating modules on objects based on attributes gathered from
data sets to determine the future behavior of an object and being able to rationalize the
prediction based on a formula or algorithm that incorporates risk and probability
Decision Analytics: - is "predictive analytics" on steroids where multiple paths for future
behavior are guesstimated based on probability, risk, impact, and priority and is
supported by an overall recommendation(s)
The world of Business Analytics and Data Science - is a "green field"
"green field" implies - that we are in frontier discovery mode.
planned value - is the approved value of the work to be completed in a given time. is
the value that should have being earned as per schedule. "PV is the authorized budget
assigned to work to be accomplished for an activity or WBS component."
, Cost Performance Index (CPI) - it measure the value of work completed compared to
actual cost spent on the project. "The CPI is a measure of the cost efficiency of
budgeted resources, expressed as a ratio of earned value to actual cost."
Earned Value - is the value of work performed expressed in terms of the approved
budget assigned to that work for an activity or WBS component.
Progressive Elaboration - a concept acknowledging the learning process humans
engage as projects are executed where as time progresses, the person gains greater
level of detail.
Schedule Performance Index (SPI) - is a ratio of the earned value (EV) to the planned
value (PV). If the SPI is less than one, it indicates that the project is potentially behind
schedule whereas a Schedule Performance Index of greater than one, indicates the
project is running ahead of schedule.
App - refers to an executable file that is stored locally on a device and conducts some
processing of data locally and then passed back to the server.
web application - implies a browser-based form that processes data through external
servers and presents the results on the device's screen.
"How does a business ensure that it gets the most from the wealth of data?" - twofold.
The two important factors are:
(a) the firm's management must think data analytically. (b) the management must create
a culture where data science methods, and data scientists, will thrive.
Planning for Success Framework - - Scope
- Schedule
- Resources
Schedule - Time and Prioritization - when
Resources - Cost, Budget, and human
Scope - Features, functionality
Intelligence - The ability to acquire and apply knowledge and skills; a person or being
with the ability to acquire and apply knowledge; the collection of information of military
or political value
Analytics - The systematic computational analysis of data or statistics; information
resulting from the systematic analysis of data or statisticso Business Intelligence is on
the decline and Business Analytics is on the rise
