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Techniques & Steps to Help Business’s Frame Vision, Cascade Objectives, Respond to Escalations & Realise Benefit Flows

Dec 6, 2018 11:00 AM EST (UTC-5)
PREMIUM webinar

Increasingly descriptions of the PM role and PMO responsibilities emphasis projects are investments and participants must support all things benefits. For example the 6th Edition of the PMBoK-Guide®’s description of the project manager discusses “…[and] may also be involved in follow-on activities related to realizing business benefits (pg51)” Whether or not the PM is ’involved,’ the PMBoK-Guide does not provide any Tools or Techniques by which: we can facilitate business leaders to crystallise “what we will see and experience when benefits are flowing in a desired future.” If, as diligent experts we are to support benefits then the responsibilities of the PM must include interacting with the business at each the end of the project life cycle. To do this, we need competencies – knowledge & behaviours we practice to develop skills.

Collaborative Planning, Forecasting and Replenishment (CPFR)

Wiki

CPFR is a set of business processes, backed up by information technology software and network infrastructure, in which supply chain partners in both internal and external environments agree to work in tandem to meet mutual business objectives. They cultivate a mutual understanding of each other, hence able to develop jointed Sales and Operations Plans (S&OP), and collaborate comprehensively to generate and update sales forecasts and replenishment plans in near real-time.

Parametric Cost and Duration Estimation

Wiki

Parametric Estimation is an estimating technique which uses bottom-up approach to calculate estimated cost and duration based on inputs from historical data and project parameters. It is calculated based on mathematical relationship between historical data and other variables such as product output per day and cost per unit.

Apportionment Method

Wiki

Apportionment method is also known as analogous estimating, uses historical data of past projects that are relatively standard to allocate duration and costs to various segments of the current project. This is performed by assigning percentages of the total planned duration or costs to each segment. It is commonly used in projects that are relatively standard with minimal variation. The percentages are assigned with close reference to past projects' resources and costs allocation.

Strategic Continuity Over Chaos

by Andy Jordan

As the New Year approaches, it is a hectic period of work completion and initiation for many organizations. But strategic planning and project delivery should be a continuous, ongoing process based on specific customer needs and market realities, not a calendar on the wall.

The Better Motivation

by Emma Weber, Patricia Pulliam Phillips and Jack Phillips

Finding ways to get someone to do something is always much harder, more time consuming and expensive than simply finding people who want to do what you want them to do anyway. There is a recipe for activating this intrinsic motivation, and the ingredients are autonomy, competency and relatedness.

2018 Survey Roundup: Mostly Good News

by Michael Wood

It’s time to check out what the latest IT and project management-related surveys are indicating on the states of CIOs, IT salaries, IP spending, cloud computing, project management and more!

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