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?

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 56

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 52

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 321

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.

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 427

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 290

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

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 268

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 328

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 267

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 245

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.

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.

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 313

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.

What is a Stakeholder in Project Management?


A 3-part stakeholder management process for keeping everyone happy. Create and enforce transparent processes for communication. Project sponsor: The person or group who is financing the project. They direct the company’s strategy and also have a large interest in its outcome.

2018 295

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 110

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 146

Earning Strategic PDUs for PMIs Certification


These are the processes; tools & techniques contribute to the larger organizational strategy. Operational Functions (Finance, Marketing, etc.). These videos include the following Strategic topics but not limited to: SWOT analysis for strategy development.

Know the value of your change

The Lazy Project Manager

Capacity for knowledge and the ability to acquire it – projects also require a continuous learning process to understand the change that is being delivered, the lessons that are there to be learned.

2017 227

Shift from Annual to Continuous Planning to Enable Agility [Webinar]


See if this sounds familiar: your organization’s strategic plan is constructed at the executive level, broken down into an annual plan that is led by finance, then operationalized by the PMO and other groups in the organization. You can instead start with your demand management processes.

What are the Most Critical Project Management Skills?


Finance and Insurance. In line with executive team functions, project management professionals are being challenged with becoming more strategically aligned in their thought process and actions.

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

3 Key Benefits to Project Stakeholders of Effective Task Management


Your strategy’s set. Too often, manual processes are utilized, encompassing spreadsheets, pieced-together toolkits and similar means that don’t allow for full awareness of project task status and fiscal information, resulting in far less knowledge-sharing and collaboration amongst those involved. It’s beneficial to have consistency of each project’s planning process, with as-it’s-happening detail of tasks and the resources involved.

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. Along with project returns, they facilitate decisions relating to project financing and funding.

2018 64

Start Viewing Your IT Department as a Strategic Partner to the Organization


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 5: Product Portfolio Management for IT-Developed Products. Process Area 6: Application Portfolio Management.

10 Top Tips to Make You a Successful Contractor

Arras People

Your income is processed as it would be with a PAYE job, with your National Insurance, income tax and umbrella fee deducted. Should you want a mortgage, a payroll strategy or simply need your tax return filing on time, we’re here to assist and guide you every step of the way.

2016 248

How to Create a Startup Culture That Fits Your Goals

Even such traditionally conservative environments as finance have loosened their ties and got casual on more than just Friday. Startup culture, like any business culture, is made up of three essentials: core values, a mission and the talent strategy.

2019 139