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.

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Project Management Processes & Phases

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.

Strategy Implementation Needs Great Portfolio Management

Strategy Execution | PMO Perspectives

In recent years, portfolio management has evolved from an administrative process, in which projects are selected and prioritised, to one of the key ways in which organisations can focus on strategy implementation. Portfolio Management Strategy Execution

Successfully Deliver Strategy… Fast


So far in this blog series, we have defined strategy, covered the basis of strategic planning, and discussed who to include in your strategic planning team. Part 2: Begin to Deliver Strategy… Fast. Step 1: Start with strategy. Finance is about financial control.

How To Do An Effective Project Selection Process?

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. Cet article How To Do An Effective Project Selection Process?

Dynamic Planning and Rapid Reprioritization: Delivering on Strategy in the Midst of Change


We also outlined how EPMOs and finance leaders should work together with the C-suite to make the best decisions possible in both the short and long terms: Part 1: Dynamic Planning and Rapid Reprioritization: Resilience Amid Disruption. Staying on Strategy Amid Disruption.

2020 107

Begin to Deliver Strategy… Fast


If you’ll recall, we previously got you set up to translate your organization’s strategy into a top down vision with metrics in the blog, “ Failing to Deliver Strategy… Slowly.” Effective strategy planning will take multiple departments.

Why You Should Align Strategy, Financials, and Execution


The following content is taken from the whitepaper, “Portfolio-Driven Performance: The 7 Process Areas That Drive IT and Business Results,” written by Jerry Manas. Process Area 1: Strategic Planning and Funding. Process Area 2: Aligning Strategy and Operations.

How Do You Create a Strategic Plan? An Overview of the Strategic Planning Process


One of its most robust features is its timeline management tool, which can create the schedule needed to get the strategic planning process started. Finances: All projects need money to acquire the first two resources.

2018 56

Add to the C-Level

The Lazy Project Manager

Well it starts with strategy formulation which is no longer the annual exercise it used to be – nowadays it is an ongoing iterative activity. And since each strategy gives birth to one or more projects this adds to the portfolio constantly.

2017 158

Strategic Risk Management and Projects

Strategy Execution | PMO Perspectives

Of course, organisations with a high project management maturity may have sophisticated and effective project risk processes in place, but this does not necessarily translate into an alignment at enterprise level with the projected business benefits.

Risk 55

What Does a Project Manager Do in a Marketing Agency?


According to the Project Management Institute (PMI), project managers work in a variety of industries — from manufacturing or construction to finance or utilities. Solid knowledge of marketing strategies. There’s a lot that businesses need to get done.

2009 58

How to Fund a Software Development Project

The greater the flexibility of the funding strategy, the greater the chance the team will produce a quality product and the greater the chance that they will delight their stakeholders. Related: Mastering the Decision-Making Process: A Practical Guide. The Secure Funding Process Goal.

2019 313

Fallacy of the Week

Herding Cats

Five Different Decision-Making Strategies That Don't Need Estimates. A strategy is about turning intangible assets into tangible outcomes. Read Strategy Maps , Norton and Kaplan to see how this is done in practice. This decision is a Managerial Finance process operating in the presence of the Microeconomics of decision making with all the uncertainties of the market, development cost and of course risk created by uncertainty.

4 Unusual Reasons Why Stakeholder Management Is Important

Girl's Guide to PM

That information then enables you to plan communication and engagement strategies to head off any problems while you adhere to the principles of stakeholder management. Get an enthusiastic stakeholder from Finance to talk you through it.

2020 305

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. Finance management.

Six Sigma: A Simple Guide for Project Managers

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.

2018 426

Why Productivity in Project Businesses is Flatlining?

The Lazy Project Manager

By structuring your Project Business processes you will be able to analyze what systems need to change and what solutions are possible. The inability to utilize technology to improve processes and information flow is a major reason why Project Business lags in productivity.

2020 225

Dynamic Planning: Refocus, Reprioritize, and Reallocate Rapidly


Nearly 70 percent of finance leaders are taking cost containment measures and considering postponing or canceling planned investments, according to PwC’s COVID-19 CFO Pulse Surveys (March 30, 2020 and April 13, 2020). The Power of Collaborating More Closely with Finance is Agility.

2020 95

Program Manager Job Description – Plus! Cut & Paste Example

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 276

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 have a more strategic role to ensure that the program aligns with the business strategy of the organization. You’d establish processes and procedures that your team would follow.

2017 258

Total Quality Management (TQM): A Quick Guide

Of course, that satisfaction is seeded in employees, processes and the organization at large—long before any product or service reaches its customer. How does a business or organization make sure that their processes and people are aligned with creating success and customer satisfaction?

2019 326

Strategic Planning in Business

A strategic plan is a strategy that’s devised to achieve overall goals set by a business, accounting for resources, market restrictions, stakeholder demands and more. What are the changes to structure, financing, etc., Essentials of the Strategic Planning Process.

7 Must-Haves for Every Product Manager Resume

For starters, a product manager is tasked with leading a cross-functional team that develops or improves a product, while dictating its strategy, roadmap and features. You must then take that research and data, and use it to build a strategy for maneuvering from one point to another.

2019 334

Customer Q&A - Office Depot


Ruth – Ensuring that our core process is in place and that it allowed flexibility and fluidity with managing unplanned change through prioritized backlogs, Team collaboration and clear visibility of resource utilization within KeyedIn. This visibility is not just on delivery but process.

2020 78

An Introduction to Supply Chain Management (SCM)

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 257

How to Scale Your Business

If you’ve done the due diligence after asking yourself the above questions, and you’re ready to scale the business, Jennifer suggests following these six steps: Evaluate and Plan: You need a strategy, so evaluate the situation fully and plan thoroughly. Get a strategy.

2018 260

How to Make a Marketing Plan Like a Project Manager

Like any project plan , a marketing plan is an outline for a strategy for a campaign of a certain length in duration. Structure & Approval Process. It will contain historic data, predictions for the future and strategies to reach the goals set by the plan. Strategy.

2020 248

Agile Portfolio Management in an Adaptive World – Q&A with the Experts


Is also one of the key decision makers as to whether the process moves to the next step or stops. Change Management is key to this process. Evaluating the expected outcomes and how they fit in the corporate strategy is key way of getting started.

2020 78

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. Evidence-Based Project Management - a self-paced course that covers which project management strategies, tools and techniques are most effective by analyzing evidence-based research.

How To Take Over An Existing Project [Free Checklist]

Girl's Guide to PM

Action if there is no budget plan or information: Back to the PMO or your Finance team. Where does the project fit in the overall business strategy? If your work so far has uncovered things that concern you, then consider investing some time in a formal healthcheck process.

2020 349

Using Digital Transformation to Be More Efficient

But it also involves process, in that it encompasses workflows, tasks , approaches and methods. But if you want to take the driver’s seat, then it’s important to have a strategy.

2018 306

AI In Project Management: 7 Ways in Which AI Will Transform Project Management


AI will change the way projects are managed, how the strategy will be implemented, tasks are performed, and decisions are taken. You can also use machine learning to assess risks and allows finance managers to give a better offer to customers.

Seven Aspects of Project Risk in 2020

Strategy Execution | PMO Perspectives

The easy answer, although hard to implement well, is to make sure that we use a systematic and integrated process, based on all relevant inputs. These could have been prevented by rigorous front-end loading, which might have included a prototyping process where design uncertainties remained.

2020 80

Shifting from Projects to a Product-Centric Approach


They engage with the product manager, program managers, the delivery team and, of course, the PMO to produce a holistic plan that is aligned with current business strategy and can be used to shape future enhancements.

2022 118

A View from the Top

The Lazy Project Manager

In terms of a ratio that typically might be at around 4:1 (apply your own business factor here you should be able to find relevant figures in your business case approval process).

2017 227

Digital Transformation & Artificial Intelligence: Is your Organization ready?


This allows the processing of large datasets quickly and cost-effectively. The more information is available for processing, the more the AI systems can learn and the more accurate their predictions and decisions will be.

2018 149

Better Together: Planview and Cherwell Join Forces


Like the human brain, an organization can rewire itself in response to disruptive events , creating new models for connecting strategy and delivery. Balance teams, finances, and priorities across all operations. Accelerate on-strategy delivery.

2020 95

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. . Strategy.