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Business Understanding

  • September 30, 2020
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Meet the Author : Mr. Bharani Kumar

Bharani Kumar Depuru is a well known IT personality from Hyderabad. He is the Founder and Director of Innodatatics Pvt Ltd and 360DigiTMG. Bharani Kumar is an IIT and ISB alumni with more than 17 years of experience, he held prominent positions in the IT elites like HSBC, ITC Infotech, Infosys, and Deloitte. He is a prevalent IT consultant specializing in Industrial Revolution 4.0 implementation, Data Analytics practice setup, Artificial Intelligence, Big Data Analytics, Industrial IoT, Business Intelligence and Business Management. Bharani Kumar is also the chief trainer at 360DigiTMG with more than Ten years of experience and has been making the IT transition journey easy for his students. 360DigiTMG is at the forefront of delivering quality education, thereby bridging the gap between academia and industry.

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  1. What is a Project Charter for a Data Mining Project?

    The Project charter is a formal document that serves as an official authorization to start a project or a phase.

    It is a document provided by the project sponsor and the Project manager will be able to initiate a project as per the requirements.

    Project Charter includes:

    • Definition of Business Objectives
    • Success criteria for Business as well as Data Mining
    • Cost allocation and resource planning (Hardware as well as Software)
    • ML and DM techniques and algorithms to be applied including workflow of Data from exploration to deployment
    • Project plan for all phases of CRISP-DM with timelines and risks identified at each phase

  2. What are the components of a Project Plan?

    Below are a few components which are part of the Project plan.

    • High-level timelines
    • Allocated Human Resources
    • Allocated Hardware and Software
    • Risks and Risk Response Plans
    • High-level deliverables along with Success Criteria for each of the 6 phases of CRISP-DM
    • Highlight one-time activities and iterative activities pictorially
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