What is Process Performance Model and its relevance in Project Planning

Question

For managing project quantitatively, historic data to be modeled and used for estimation and planning. What is the Process Performance Model and its relevance in Project Planning?

Answer 1

As an example, the Supply-chain operations reference (SCOR) model is a process reference model that provides a generic approach to compare its own company state with regards to metrics, best practices, etc.

It supports project planning with regard to requirement engineering and priority setting.

Hope this helps!