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SWOT Analysis
Also known as Situational Analysis and TOWS. Variants include Porter’s Five Forces Analysis and 5C Analysis. SWOT analysis is a structured planning tool for reviewing and assessing the position and health of an organization. It allows the organization to look deeply within itself to understand the factors that influence its ability to achieve its goals.…
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Using the RAID Log to Monitor Your Project
Variants include Project Issue Management and Project Log. In the life cycle of any project, many things may arise along the way which can affect the project’s outcome and timeline. Things like material shortages and issues with suppliers may have a negative impact on your project and may result in failure to produce the project…
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Mind Mapping: A Visual Approach to Organize Ideas and Thoughts
Also known as Idea Mapping, Spider Diagram and Spray Diagram. Variants include Concept Mapping and Unified Modeling Language. Consider the last time when you took notes during a meeting or interview. You may have felt overwhelmed due to the multitude of ideas and actions to be addressed. You may even have worried that you would…
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Understanding and Engaging Stakeholders through Stakeholder Analysis
Also known as Stakeholder Mapping. Variants include Stakeholder Management, Resistance Analysis and Communications Charter. A Stakeholder refers any party who may have an interest in an organization’s activities or could be affected by its outcomes. Stakeholders can be any internal or external individuals, groups, departments, business units, or organizations. Primary stakeholders are those directly involved…
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From Goals to Actions: Uncovering the Key Components of Improvement Roadmaps
Variants include Maturity Models. Our long-term continuous improvement effort can be complicated and a never-ending journey. In such situations, having a map can always be helpful to find the destinations and plan the best routes. A business roadmap is a map that displays business-related information rather than natural geographical details. Within the domain of business…
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Importance Urgency Matrix
Also known as Urgent-Important Matrix and Eisenhower Matrix. The Importance-Urgency Matrix is a highly effective tool for prioritizing tasks. This four-field matrix can be utilized to manage both professional and personal activities, enhancing one’s ability to allocate time and resources more efficiently. Within the importance-urgency matrix, all activities are evaluated in terms of importance and…
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Leveraging Gap Analysis for Continuous Improvement
Also known as Need Analysis and need Assessment. Variants include Variance Analysis and McKinsey 7S. A gap is a problem, issue or challenge, and could be an opportunity for improvement. Gap analysis is a method used to compare and evaluate the deference between two distinct states of something, specifically the current state and the desired…
Continuous Improvement Toolkit
Effective Tools for Business and Life!