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Business Management


Silo

A term used to illustrate the functional units in a traditional organization. These organizations have departments or functions like purchasing, marketing, admissions, etc. which have their own hierarchy of authority, and defined roles or functions – “a...

Plan-Do-Study-Act (PDSA or PDCA)

Originally Shewhart’s Plan-Do-Check-Act or the application of the scientific method to engineering and management. Deming later changed Check to Study. A look-before-you-leap approach to standardization or maintenance (Standardize-Do-Check-Act), solving problems and...

Network Diagram

A schematic display of the sequential and logical relationship of the activities which comprise the project. Two popular drawing conventions or notations for scheduling are arrow and precedence diagramming. (Wideman Comparative Glossary of Common Project Management...