Frontier Analysis Responses
The efficient Frontier analysis is used when we want the highest return of the projects with accurate results and keeping in mind about the minimal risks. The use of this is very important because it maintains the standard deviation with known risk. The optimal solutions of the compromise in the EFA mostly have a high degree of diversification. There is an efficient frontier where the managers can edit the number and characteristics of the security and the profits for the specific task to be performed. As a lead, I would explain the non-technical team pretty much with business logical implementation. I would keep the technical words very minimal, but I wouldn't completely eliminate them from all the technical explanation as the non-technical team might not know the keywords, but they do understand what the tools do. I will explain to them that if we aren’t using the latest technologies for the applications that are in use, we might end up having some issues. The issues might include the risk of delivering the projects on time, the performance of the jobs, the funding calculator for the organization allocated to the team, and the utilization would be explained thoroughly. I would explain the portfolio of the deliverables and the time allocation. Along with the above explanation, I would show them the graphical representation of the concepts that will help them to understand the flow of the application and the efficiency of it. From explaining all the concepts as stated above, it makes the non-technical team understand about the portfolios, what team is recommending to use and why.