Friday, September 14, 2007

Quantitative Process Management

Quantitative Process Management
- Whats this?
- Does it have any applicability ?

Let me try and answer these...

- Whats this ?
QPM is mainly Articulation of the main process of the project totally based on the projects shared vision and even as well as the Business goals.

This primarily targets at
a) Deriving the goals for the sub-processes based on the identified measureable project Objectives
b) Use possible performance Models to derive the goals for the projects process and sub-processes.
c) Track,Analyze the actual results and then take the corrective actions.
d) In case of some earch shattering results or unforseen results, using some of the commonly available techniques such as - Parreto analysis,Control charts, RCA diagrams etc.
e) Last but not the least - Analyzing the actual performance of project using statistical techniques and taking suitable corrective action

- Does it have any applicability ?

Some experts may contest my view that applicability is always vision based. If i need Highest quality and Customer satisfaction i need such Management techniques, isn't it ?

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