Business Decision Making Report: Project Management Analysis

This report provides a comprehensive overview of business decision-making, covering essential statistical tools and project management techniques. It begins by examining various statistical tools such as SWOT analysis, the 5 Whys method, and fishbone diagrams, illustrating their application in identifying and solving business problems. The report then delves into project management tools, detailing the features of software like Clarizen, Proofhub, Wrike, and others, alongside an exploration of contemporary project management software including Meistertask, JIRA, Trello, Basecamp, Hubstaff and Liquid planner. Furthermore, the report discusses key project management techniques, including Gantt charts, Net Present Value (NPV), Internal Rate of Return (IRR), and Program Evaluation and Review Technique (PERT), highlighting their roles in strategic decision-making and project planning. The report concludes by synthesizing the importance of these tools and techniques in fostering effective business strategies and achieving organizational goals.