A | B |
SWOT analysis | - a decision-making tool; the acronym stands for strengths, weaknesses, opportunities, and threats. |
SWOT Analysis Strengths | -advantages Weaknesses-disadvantages Opportunities-new developments or innovations Threats-obstacles |
Retrospective - | looking backward to reflect upon past actions. |
Cost-benefit analysis – | a method of comparing the tangible/intangible costs of a project to the tangible/intangible benefits of the project. |
Q: What is a SWOT analysis? | A: A decision-making tool consisting of determining the project‟s strengths, weaknesses, opportunities, and threats. |
Q: Why should a Project Retrospective be conducted? | A: To determine the changes that have been made to the overall project as well as improvements that could be made for future implementations of this project. |
Q: What is a Personal Retrospective? | A: An individual team member‟s reflection on his/her own contributions to the project as well as how the other team members contributed to the project |
Q: Why conduct a cost-benefit analysis of a project? | A: A cost-benefit analysis compares the costs and benefits of a project. Ideally, the benefits will outweigh the costs, thus making a project successful. |