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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Tailoring?
What is Project Tailoring?  

What is Project Tailoring?



 
 

Project Tailoring means adapting requirements and specifications of a project to current operational needs of an organization through reviewing, modifying and supplementing the project data. It is a consistent process to ensure that the project is performed correctly according to the organization’s operational and business requirements. The process is carried out when the project is finished and there is a need to tailor or fit its product to the business needs.

 Tailoring a project is intended to help a management team to ensure that planning, control, governance and use of the project and its deliverables are done in the right way so that the team can continue work towards project deployment and maintenance. The team needs to be sure that the project approach, strategies, controls, processes, roles, jobs and other content are aligned with organizational goals.

 There are four criteria for evaluating a project and tailoring it to operational and business needs. These criteria are:

  • An amount of internal effort involved in executing project work, including technical work, planning, implementation.
  • An amount of external effort involved in delivering project results, including investments, capital expenditures, third-party consultation costs.
  • The total project duration measured in units of time (weeks, months, years).
  • Business value delivered by the project.

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