Contributions for March Issue of The Best Practice Magazine
Submit your article about (MBR) Managing Business Resilience - (RSK) Risk and Opportunity Management, (IRP) Incident Resolution & Prevention, (CONT) Continuity for next month's issue of The Demix Best Practice Magazine.
Send your Articles / Presentations / Tools to This email address is being protected from spambots. You need JavaScript enabled to view it.
(PMW) Planning and Managing Work - (EST) Estimating, - (PLAN) Planning, - (MC) Monitor and Control.
(MC) Monitor and Control
Intent Provide an understanding of the project progress so appropriate corrective actions can be taken when performance deviates significantly from plans.
Value Increases the probability of meeting objectives by taking early actions to adjust for significant performance deviations.
(PLAN) Planning
Intent Develop plans to describe what is needed to accomplish the work within the standards and constraints of the organization, including the:
Budget
Schedule
Resource demand, capacity and availability
Quality
Functionality requirements
Risks and opportunities
Plans also describe:
The work to be performed
Applicable organizational set of standard processes, assets, and tailoring guidelines
Dependencies
Who performs the work
Relationships with other plans
Stakeholders and their role
Value Optimizes cost, functionality, and quality to increase the likelihood of meeting objectives.
(EST) Estimating
Intent Estimate the size, effort, duration, and cost of the work and resources needed to develop, acquire, or deliver the solution.
Value Estimation provides a basis for making commitments, planning, and reducing uncertainty, which allows for early corrective actions and increases the likelihood of meeting objectives.
Overview on Agile Planning Agile Planning. It sounds like a paradox, doesn’t it? Planning involves setting boundaries, creating checklists, determining delivery dates, and following a step-by-step process, doesn’t it?
But Agile, isn’t that all about people doing their own thing? Many people think of traditional planning as the musical equivalent of a disciplined classical orchestra and Agile Planning as the free-form chaos of jazz.
Nothing could be further from the truth.
This article will explain why Agile thinking and planning are not exclusive and can work together powerfully for your business.
Taking the time to plan and make decisions as part of a broader strategy improves every aspect of your business, including your workforce. Despite the size or type of company, workforce planning is a valuable HR process that ensures you have the staff to execute your business strategy.
Learn what workforce planning is, how it helps with goals and produces positive outcomes, the benefits it can offer, five key steps in workforce planning, and what it looks like in practice.
As evident from the title itself, it’s a process that tracks the actual project performance with the planned Project Management activities. The monitor and control process is a control function that takes place at all stages of the project – from Initiation through Closing. The key benefit of this process is that it allows the stakeholders to understand the current state of the project, the steps taken, and the budget, schedule, and scope forecasts.
Monitor And Control Process Through the process of monitor and control, the project manager must be in a position to balance the requirements that arise from different knowledge areas. For example, the project manager can undergo situations, where a project is completed on time, but, has failed to meet the quality standards mentioned in the Project Management plan. Likewise, the project might have a significant scope, but unfortunately, it has exceeded the time and cost limit. Hence, the process of monitoring and controlling project work is considered extremely important.
Change control is a crucial aspect of project management, taking into account the way technology is advancing and the pace at which change is required in organizations. During a project's lifetime, there are several instances where the set course needs to be redefined as per changing needs of the project, or changes in the priorities of the functionalities, or upgradations in the initial frame of the project.
If a project on its onset looks like its functionalities and features cannot be made clear at first, project managers should consider opting for an incremental and iterative approach, like the Agile method. With this, the project will be completed with feedback and in loops of iteration, thereby providing enough time for a better understanding of its requirements.
The change control process in a project management life cycle has three responsibilities to be carried out-
Planning helps an organization chart a course for the achievement of its goals. The process begins with reviewing the current operations of the organization and identifying what needs to be improved operationally in the upcoming year. From there, planning involves envisioning the results the organization wants to achieve and determining the steps necessary to arrive at the intended destination – success, whether that is measured in financial terms, or goals that include being the highest-rated organization in customer satisfaction.
One enterprise can own millions of videos, presentations, documents and other forms of information from different data sources. But is it easy to find what you are looking for from that mass of data?
And what about structuring and categorizing the data? If your company has 10,000 hours of video, it’s not really realistic for people to carefully go through and categorize that amount of content. The videos are searchable only by the titles and short descriptions, and the actual video content remains out of reach for the search engine.
According to a McKinsey report, employees spend 1.8 hours every day searching and gathering information. On average, that’s 9.3 hours per week!
Current enterprise search solutions lack efficiency and end up wasting hours of precious time.
Send us an email with the Subject: Appraisal Plan and we will send you the Demix Appraisal Plan.XLSX tool. It provides wonderful features to simplify your appraisal planning.
Send your emails to This email address is being protected from spambots. You need JavaScript enabled to view it..
