What Is the Ansoff Matrix?
The Ansoff Matrix - also called Product Market Matrix - is a tool for strategic management. It analyzes and differentiates between various growth potentials based on the product portfolio of a company and the external …
PageWhat Is the Four-Field Matrix Used For?
A simple four-field matrix is a good basis for evaluating projects. Necessary resources are related to the expected resulting effect / impact. Achieve a high output with Cash Cows and relatively low resource …
PageWhat Is a SWOT Analysis?
The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats. The SWOT analysis is an instrument of strategic management and serves mainly to determine the position in strategy development. The result of …
PageWhat Is the Triple Constraint?
The triple constraint model (also known as the project management triangle, iron triangle and project triangle) shows the three parameters that determine a project and its success: Time, cost and performance or quality. …
PageWhat Is the Statement of Work (SOW)?
The Statement of Work (SOW) is the document that captures and defines all aspects of your project. You write down the activities, the results and the schedule for the project. It forms the basis for the project plan and …
PageWhat Is a Kickoff Meeting?
A kickoff meeting takes place at the beginning of the project or a new project phase. The project team meets and the project or phase plan is presented. In addition to the motivation of the team members, you can thus …
PageWhat 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 …
