Choose What? When?
For this discussion thread, I want us to explore different tools we may use and why. Using either a past project or the project that you selected for this course, identify at least one quantitative tool and one qualitative performance evaluation tool and provide the following information:
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Get Help Now!Brief explanation of the tool
Why you selected each tool
When you would use them during the project
What information you think they would yield and why this is important
Any limitations of the tools
How they might work together, if applicable
Just as a note, here are a few classifications by qualitative and quantitative to help you out a bit:
Qualitative Tools
Benchmarking
Causal analysis
Root cause analysis
FMEA
Fault Tree Analysis
MBWA
Quantitative
Regression analysis
Reserve analysis
Trend analysis
Earned Value
Variance Analysis
Benchmarking
FMEA
Some are listed in both lists, as they can be either depending on the type of data used. There are other tools that you may use currently or believe will be beneficial so please feel free to explore others in your research.
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