What Is Change Management?
Every company must evolve in order to be able to withstand the constant changes in its environment. Change management is particularly important in the tourism industry. In order that no actionism or end in itself can be …
PageWhat Is the Difference Between Effectivity and Efficiency?
A principle of business administration describes the difference between two elementary attributes that increase productivity. Decisions should be made in such a way that they are both effective and efficient. But what …
PageWhat Is the Buffer Between Two Activities?
In project management, there is the concept of buffer times. According to Wikipedia the buffer time or slack is a time margin for the execution of an activity, so-called time reserves. This latitude can be used by …
PageWhy Should Activities Be Linked With Each Other?
Two or more activities are set in one of four possible ways. You use this link to specify that both operations were planned in a particular sequence and are to be carried out in the same way. Further details can be …
PageWhat Is the Work on an Activity?
There are two basic planning methods in project management: resource-based planning and time-based planning. Merlin Project supports both planning methods. The fields"... work..." are responsible for the former. In the …
PageWhich Is Correct: Task or Activity?
There are several phases in a project. For example preparation, implementation and completion. Each phase contains different work packages. Depending on the size of the project and the individual style of the project …
PageWhat Is the Duration of an Activity?
A distinction is drawn in project management and consequently also in Merlin Project between two planning methods: resource-based planning and time-based planning. For the former, the fields "Work..." are …
PageWhat Is the Monte Carlo Simulation?
Sometimes referred to as stochastic scenario analysis, the term Monte Carlo Simulation or 'Monte Carlo Methods' is certainly more familiar to project managers. And this is for good reason. On the basis of the …
PageWhat Is Risk Management?
Risk management defines the general philosophy and procedure for dealing with project risks. Risk analysis and risk management deal with the mutual concern of client and project team that the characteristics of the …
PageWhat Is the Earned Value Analysis?
Earned Value Analysis (short: EVA) is a project controlling tool. It is used to assess the progress of projects. The current schedule and cost situation is described by key figures. The key values are planned value, …
