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QSPM Matrix – Quantitative Strategic Planning Matrix

By Reading Time: 4 mins
Updated

QSPM Matrix

Decision stage is the last stage of strategy formulation in which a tool is used called Quantitative Strategic Planning Matrix or QSPM Matrix. Hence there are a number of alternative strategies and the Quantitative Strategic Planning Matrix (QSPM). Actually that can be used to objectively evaluate the most suitable strategy among the list of all the alternative strategies. Therefore the data is collected and a matrix is developed by using quantitative methods for strategic planning. Thus the identification of the external and internal crucial success factor is regarded as the basis of QSPM Matrix. Since the relative attractiveness of feasible alternative action can be determined by only the specially designed technique of QSPM Matrix.

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Risk and Return

By Reading Time: 6 mins
Updated

Risk and Return

These are the important factors of Financial Management that must be considered in making new investments. It is the desire of every investor to earn maximum return on his investment but for that he should bear some kind of risk.

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Project Planning | Steps to Successful Project Planning

By Reading Time: 4 mins
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Project Planning

In project management, project planning is an essential and essential step in order to succeed in your projects. To summarize, it is a question of identifying the tasks to be carried out, prioritizing them, defining their duration and maturity and allocating resources to them. The goal is to set the project schedule.

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Opportunity Management

By Reading Time: 4 mins
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Opportunity Management 

There is an opportunity when there is a likelihood that a favorable opportunity will occur and have a positive effect on the performance of the business. Although good opportunity management ensures optimal, balanced and sustainable performance of the company. Below this post is all about the opportunity management, objectives, conditions and process.

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Project Management Activities

By Reading Time: 5 mins
Updated

Project Management Activities 

If you want to accelerate your development, you need to automate as much as possible in your company. Optimizing your work processes will help your team adapt to the growing number of incoming requests, gain agility, and focus on high value-added tasks. Project management activities include five major steps to deliver a project within budget, of high quality, and with minimum problems.

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