activity (noun, ac-tiv-i-ty, \ ækˈtɪvəti \) analysis (noun, anal-y-sis, \ əˈnælɪsɪs \)
Definition: is a process of identifying, describing, and evaluating the activities of a business and determining how they affect its operations. Activity analysis serves to determine what exact activities are implemented by a business, how many people are involved with those activities, how much time they typically spend to employ them, what resources are being used, how much resources are required for each activity, what role those activities play, and how valuable they are for a business. There are numerous methods of conducting an activity analysis. Such techniques as questionnaires, observation, interviews, etc. may be implemented in order to conduct a successful activity analysis.
In a Sentence:
- We need to conduct an activity analysis every six months to make sure we are capable of meeting our business objectives.
- The last activity analysis showed that we are wasting too many resources on each task.
- They are conducting interviews for the activity analysis, but I’ve heard that a technical evaluation will be implemented as well.
Synonyms and related words: activity value analysis, value analysis, situation analysis, business operations, business activities, technical analysis