QUANTITATIVE PROJECT MANAGEMENT PROJECT MANAGEMENT (ML4)
The purpose of Quantitative Project Management (QPM) is to quantitatively manage the project to achieve the project’s established quality and process performance objectives.
SG 1 Preparation for quantitative management is conducted.
SP 1.1 Establish and maintain the project’s quality and process performance objectives.
SP 1.2 Using statistical and other quantitative techniques, compose a defined process that enables the project to achieve its quality and process performance objectives.
SP 1.3 Select subprocesses and attributes critical to evaluating performance and that help to achieve the project’s quality and process performance objectives.
SP 1.4 Select measures and analytic techniques to be used in quantitative management.
SG 2 The project is quantitatively managed.
SP 2.1 Monitor the performance of selected subprocesses using statistical and other quantitative techniques.
SP 2.2 Manage the project using statistical and other quantitative techniques to determine whether or not the project’s objectives for quality and process performance will be satisfied.
SP 2.3 Perform root cause analysis of selected issues to address deficiencies in achieving the project’s quality and process performance objectives.
