NCM119 Midterm Notes
NCM119 Midterm Notes
NCM119 Midterm Notes
MIDTERM NOTES
Tools in Planning
1. SWOT Analysis
2. PESTEL or PESTLE Analysis
3. BALANCED Score Card
4. STEEPLE ANALYSIS
C. Balanced Scorecard
Balanced Scorecard is a planning tool used in collecting and
analyzing the data from four organizational perspectives:
customer/stakeholder, internal process, learning and
growth, and financial. This aims to develop
objectives, measures or key performance indicators,
targets or thresholds, and initiatives. TOOLS IN PROJECT MANAGEMENT:
1. Gantt Chart show task and schedule information. The
Balanced Scorecard tasks are numbered and listed vertically. A bar shows the
The balanced scorecard (BSC) is a strategic planning and starting date and projected completion date of each task.
management system that Color or shading is sometimes used to show
organizations use to: how much of each task has been completed. It is both a
✓ Communicate what they are trying to accomplish. management tool and a communications tool.
✓ Align the day-to-day work that everyone is doing with 2. Performance Evaluation and Review Technique (PERT)
strategy. The PERT or the Performance Evaluation and Review
✓ Prioritize projects, products, and services. Technique is a network system model for planning and
✓ Measure and monitor progress towards strategic control which involves identifying key activities, sequences
targets. them in a flow diagram and assigning a specific duration
for each phase of work.
C. STEEPLE Analysis This is a strategic planning tool which 3. Critical Path Method or CPM
The Critical Path Method (PM)
can calculate time and cost estimates for each activity. This