Data-informed decision-making Flashcards
What is data
It is a collection of facts or information
What is data analysis
It is the collection of data in order to draw conclusions and make data-informed decisions
What are the benefits of using data?
- Make better decisions
- Solve problems
- Understand performance
- Improve processes
- Understand your users
What is a metric?
A quantifiable measurement that is used to track and assess a business objective
What are the types of project metrics?
- Productivity metrics
- Quality metrics
What does a productivity metric do?
It allows you to track the effectiveness and efficiency of your project, so that you have the best possible output with a certain input
What kind of metrics are considered productivity metrics?
- milestones
- tasks
- projections
- durations
What is a Quality metric?
A metric that relates to achieving acceptable outcomes
What are examples of Quality metrics?
-number of changes (inconsistencies from initial requirements of thr project)
- Issues
- Cost variance
