Digital Transformation Journey in Finance

Epicflow Blog

are the questions arising in the mind of those who haven’t initiated this process in their company yet. When we talk about digitization, we mean the process of putting analog data into a code that can be easily processed by a computer. Artificial Intelligence in Finance.

Digital Transformation Journey in Finance

Epicflow Blog

are the questions arising in the mind of those who haven’t initiated this process in their company yet. When we talk about digitization, we mean the process of putting analog data into a code that can be easily processed by a computer. Artificial Intelligence in Finance.

Project Management Processes & Phases

ProjectManager.com

If so, it might be time to start implementing proven project management processes and phases at your organization in order to bring your company’s workflow under control. The project plan will include what resources are needed, financing and materials.

Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Strategic Risk Management. This may surprise some project managers who may not see much evidence of strategic risk management percolating down to project level, other than perhaps a (not always enforced) requirement to produce a risk register for their project.

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Six Steps of Risk Management

Herding Cats

Risk Management has six steps: Planning risk management - decides how to approach and plan the risk management activities for the project. Identifying the Risks - determines with risk are likely to affect the project and documenting the characteristics of each.

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How To Do An Effective Project Selection Process?

Project-Management.pm

A stable and sturdy project management is one of the crucial factors to make a project process work. In the corporate world, an organization needs more than just top-notch tools and up to date process to bring the project to its full potential—it also needs a strong manpower, a human resource that has a particular set of skills and capabilities that will greatly contribute the entire organization. The Need for Risk Assessment.

Operations, Finance, and Accounting for the Development of Software

Herding Cats

When us young pups arrived to move the development processes into the next century (minicomputers, high-level languages, integrated development environments) from the previous generation of punching holes in pieces of paper - either card stock or rolls of paper tape - we thought we were clearly superior to those of the past generation and were proud to tell anyone who wold listen how we had a lock on what to do best. The notion that process and overhead are a waste is true in some sense.

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects.

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Thoughts on Suggestions That Violate Principles of Finance, Probability, and Statistics

Herding Cats

Calculating Value from Software Projects - Estimating is a Risk Reduction Process. The on-going discussions that Decisions can be made in the absence of estimates reminds me of this concept. .

Task Management vs Project Management vs Process Management: Which Software Do You Need?

ProProfs Project Management

Many of them are routine tasks like processing purchase requisitions, travel requests or leave approvals. You can’t route tasks automatically, collect structured information (crucial, if you want to deploy ML and AI) or track processes. Scaling Operations Requires Process Automation.

How to Speed up Your Project Management Process with 5 SaaS Applications

Paymo App

Project management process bottlenecks. The 3 main things I have so far noticed about project management processes: The more detailed the planned steps, the less likely they will be realized. Storing data online might seem to bring an additional risk to your business.

Some Really Big Reasons Why designers Need Project Management Tools

Proofhub

Are you struggling to keep up the things organized in your design process? The design process is no longer carried forward individually. Let’s first see the steps that define a design process. What is the design process? designer project-management design-process design

How to Fund a Software Development Project

ProjectManager.com

What you need instead is advice on what process decisions you should consider, what your options are, and what the associated trade-offs are. Related: Mastering the Decision-Making Process: A Practical Guide. The Secure Funding Process Goal.

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Cost and Value Management for Software Development

Herding Cats

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Overlooking key project risks. The result is the basis of an immutable business decision making process.

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10 Knowledge Areas of Project Management (PMBOK 6) With PPT & PDF

Girl's Guide to PM

PMI defines a Knowledge Area in the PMBOK® Guide – Sixth Edition Glossary like this: An identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, inputs, outputs, tools, and techniques.

2019 407

How to Successfully Execute a Plan

ProjectManager.com

And always update these steps throughout the process. There must be status updates and a quick response to issues and risks as they arise in the project. As always, this starts with communications, status reporting, identifying and tracking issues , risks and changes.

Get the ‘Right’ Project Controls & Enterprise Programme Management You Want

Arras People

The common narrative is that overlapping systems and processes produce similar versions of the same report with different results. High-Level ERP / EAM Process & Policy Requirements. Detailed ERP Process Requirements / Ways of Working. Risk management.

Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. Risk Management is how adults manage projects - Tim Lister. A longer bibliography of Risk Management on Agile Projects. .

Strategic Planning in Business

ProjectManager.com

Growing a new business is full of risk, but knowing where the business is going and how it’s going to get there is a way to mitigate that risk. Related: Free Risk Tracking Template. What are the changes to structure, financing, etc.,

An Introduction to Supply Chain Management (SCM)

ProjectManager.com

Supply chain management (SCM) is the discipline that manages supplies and processes through all of the stages of a project, product or business deliverable. It was important to be responsive to these concerns, which lead to the integration of key business processes in the supply chain.

2019 313

Six Sigma: A Simple Guide for Project Managers

ProjectManager.com

It can mean different things within various organizations or circumstances, but there is a way to broadly outline this business process improvement methodology and define its beginnings, its, rise, its use and its implementation. Test those solutions, and figure out what risks are inherent.

2018 427

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

Again, this is the basis of Managerial Finance. Uncertainty creates risk. Risk Management is how Adults Manage Projects - Tim Lister. Conduct Schedule Risk Analysis. Uncertanty creates Risk. Risk Management has 6 processes, see SEI Continuous Risk Management.

Impacts of traditional project funding models on agile delivery

Kiron Bondale

A key enterprise partner is the Finance department and the organization’s model for project funding will have significant influence over successful agile delivery. It can result in higher risk, premature financial commitments.

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Tackling Project Management Job Titles

Arras People

That way when it comes to reference checking later in the process, the real job title is still there, it’s just that you’ve added something alongside it which is more meaningful to the wider marketplace and the role against which you are looking to identify.

2019 308

Quote of the Day

Herding Cats

Finance is a pure information processing game. Managerial Finance and Microeconomics of decision making in the presence of uncertainty is the foundation of project management processes.

The Online Entrepreneur’s Guide to Payment Processors

ProjectManager.com

The platforms are designed to be secure and easy to use as they wirelessly process transactions and send money to you on your customer’s behalf. Do you process a few payments per month or hundreds?

2018 282

Fallacy of the Week

Herding Cats

Do the highest technical risk first. ALL risk comes from uncertainty. Here are a short list of papers on Aleatory and Epistemic uncertainty , the risk it creates. And the technical risk is only one of three classes. There may be a high technical risk, but it can be handled quickly for very little money. Or there may be a low technical risk but will require longer and be more expensive. IT Risk Management.

Making Decisions in the Presence of Uncertainty

Herding Cats

More can be found on this in Both Aleatory and Epistemic Uncertainty Create Risk. . NoEstimates Decision Making Estimating Management RiskAll project work is uncertain. This uncertainty comes in two forms - Aleatory and Epistemic.

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Program Manager Job Description – Plus! Cut & Paste Example

ProjectManager.com

Getting certified shows that they have proven their ability to manage many projects and can work on complicated processes that cross various functions, organizations, regions and even cultures. They might do this themselves or contract specialists to facilitate the communications process.

2018 339

Free project management certifications

Moira Alexander

Six Sigma: Define and Measure - an introduction to the Six Sigma methodology and DMAIC cycle for process improvement with a focus on the define and measure phases. Project Management Life Cycle - a course on how to apply project management tools, processes, and techniques for the successful execution of a project from initiation to closing.

What Can a Project Manager Do Next? The Project Manager Career Ladder

Project Bliss

You need to understand risk and finances, and evaluate projects based on ROI. You’d establish processes and procedures that your team would follow. You’d also oversee budgeting and work with Finance and stakeholders to determine budget forecasts and projections for the year.

2017 258

9 Essential Project Documents (With Templates)

Girl's Guide to PM

More recently, my projects have been operating under a formal PMO structure, and much of what goes in a project management plan is basically repeating the formal processes. RAID stands for: Risks. Any outstanding risks, issues and actions at the point of closure.

2019 391

The Quality Project Manager: an Interview with Olu Jinadu

Project Bliss

In order to carry out this type of quality improvement project, the team would carry out the following: analyze data segregate out the problem understand what components of the machines are missing establish the baseline understand the root cause address the root causes improve the processes.

2019 156

The true value of change

The Lazy Project Manager

And then select or identify the Cost/Impact ratio and the growth Value Add ratio – these really should be part of your business case approval process by the way.

2017 227

Using Digital Transformation to Be More Efficient

ProjectManager.com

But it also involves process, in that it encompasses workflows, tasks , approaches and methods. The influence of having a digital transformation will define and shape your strategic direction, risk appetite and budget, technology enablement, pace of change and business agility.

2018 372

Challenging Change

The Lazy Project Manager

You can read more about this at SME www.smeweb.com/sme/how-mismanaging-change-is-the-biggest-risk-of-all – where Peter describes the four-year study by LeadershipIQ.com which found that the number one reason CEO’s got fired was ….

2017 256

Why Control, Insight & Visibility are key to avoiding the Service Delivery Execution Gap

Keyedin

The pragmatic approach is to automate what could otherwise involve manual processes, lots of staff and lots of time. PSA tools help you drive utilization and productivity whilst reducing risk, increasing client satisfaction, and driving project performance and profit.

Digital Transformation in Government Organizations: Tips from Microsoft, IBM, McKinsey, and PwC

Epicflow Blog

So, let’s see the way top companies consider this process. As stated by Microsoft, this process encompasses four pillars. . It makes relations between government employees and users more trustful and processes more effective. .

The ESP connection

The Lazy Project Manager

Owned by Director & CEO Alex Marson, the organisation works with large FTSE 250 clients including some of the biggest companies in the world in the Asset Management, Professional Services, Software, Automotive, Finance and Pharmaceutical industry.

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Why Control, Insight & Visibility are key to avoiding the Service Delivery Execution Gap

Keyedin

The pragmatic approach is to automate what could otherwise involve manual processes, lots of staff and lots of time. PSA tools help you drive utilization and productivity whilst reducing risk, increasing client satisfaction, and driving project performance and profit.