PICO Framework is a research method used in evidence-based clinical research. Although PICO started in clinical research, in some instances you can use apply PICO as a systematic search for business applications.
PICO Framework: Business Application Example:
P- Population of interest IT Managers, Project Professionals or Managers
How do you describe your population characteristics?
I- Intervention or Interest Agile Software
What intervention, process, or aspect are you
C-Control or Comparison Waterfall Software
What is your control group or a comparison?
O-Outcome or results Man-hour, Cost, Reliability, etc.
What are you hypothesizing that your intervention will
Research Statement: What do IT managers see as the results of using the Agile Software in comparison to Waterfall Software in their project developments?