Proper utilization of project management is very important since it can make or break a project. Managing it optimally can bring fruitful results but overutilization or underutilization can lead to failure of a project. To know more about project management, kindly refer to the below mentioned link:-http://www.cioupdate.com/trends/article.php/3603241/Getting-Project-Management-Right.htm
Nowadays, it is very essential to learn various skills and practices of Six Sigma for improvement of business processes. It basically helps a company in enhancing performance by establishing the employees and management strategies. The main focus of Six Sigma is to identify defects or errors in business, remove these errors and decrease variation in manufacturing as well as business processes. During six sigma projects there are mainly two project methodologies that a company usually follows. They are DMAIC and DMADV. Both consist of five phases; however, DMAIC is implemented on projects that focus on improvement of the existing process of business, whereas DMADV is implemented on projects which aim to develop new product and process designs. To understand the importance of Six Sigma in business processes, please follow this link: http://goarticles.com/article/Six-Sigma-Benefits-for-Businesses/6646247/
Recently, Tibco made an announcement to acquire Jaspersoft for some $185 million and D&B announced that it has acquired small analytics startup Indicee. This shows that companies in order to be more focused and remain valuable to customers, it is very important to provide more value through insights from big data. Please go through the link for more details: http://www.forbes.com/sites/benkepes/2014/04/30/suddenly-everyone-wants-to-be-in-cloud-analytics/
Objectives of a project might be more than one. The stakeholders are the ones who are supposed to earn benefits from a project, but the definition of benefit can be different for different stakeholders as stakeholders are more than one. Quality objectives may differ for different stakeholders as per their needs and requirements from the project. Please go through the link for more details: http://www.pmhut.com/quality-objectives-in-project-management-beauty-is-in-the-eye-of-the-beholder
In the present competitive market maintaining profit and growth is very difficult for a company. To do so the company must take help of enterprising tools. Such tools actually improves productivity and hence profitability of a company. These tools help in proper co-ordination and connectivity amongst the various processes thus reducing idle time among processes. It helps to keep track of various tasks and ensures timely completion of each task. Please go through the link for more details: http://www.pmhut.com/7-benefits-of-using-enterprising-tools-for-managing-projects
Nowadays, stakeholder management has become a very important aspect for successful completion of any project. It is also introduced as a Knowledge Area in the PMBOK® Guide. During the project, communication, interference, flow of information, uses of tools and matrixes, and hidden agenda of stakeholder’s should be always keep in mind and properly managed by the manager. To know more kindly refer to the below mentioned link: http://www.business2community.com/strategy/can-stakeholder-management-fail-0631968#!RK4ai
It is foolish to plan for the best by just hoping to get the best resources, productivity and enthusiasm while working on a project. It is absolutely possible that we might get to work with the worst kind of resources whose productivity is low and is less enthusiastic. In such a situation if our planning was with the best, we will be left with nothing to do. But, if we plan for the worst, we can work with any kind of resources. To know more kindly refer to the below mentioned link: http://www.drharoldkerzner.com/hope-for-the-best-plan-for-the-worst/
Managing time is extremely crucial for Project Managers. For successful completion of a project, utilizing and managing time effectively is very important. By managing time, it is possible to make a positive impact in performance and efficiency of a project. To know more kindly refer to the below mentioned link:-http://www.processexcellencenetwork.com/lean-six-sigma-business-transformation/articles/six-time-management-tips-for-project-managers
|
In an article written by Jeff Bertolucci, technology journalist, he very articulately takes us through various aspects of big data and human intuition. With the evolution of analytics, companies are looking to invest heavily in the field of analytics. Human intuition has long been a source for old timers to take big decisions. In this blog he tries to explain why both cant outdo each other but can surely see great success if both of them can stick with each other. For more information please visit:-
|
Implementing wrong project management tools can ruin a business. So before deciding which tool to implement, we must first make the foundation of a project with solid definition of purpose and also it is required to estimate the various needs and requirements of project. Project management tools should work more smoothly and should deliver the results in an efficient manner. To know more kindly refer to the below mentioned link: http://lnbogen.com/2014/04/14/how-project-management-tools-kill-more-companies-than-any-other-saas-out-there/
Project management is an important medium to reduce wastage of time, resources and money. Traditional project team models are not that much effective in construction industry. In this article, four ways are mentioned to work more effectively and efficiently. For a successful project, it is very crucial to give importance to value engineering, identifying the associated risk, minimizing build time and maintaining long term relationships with the clients. To know more kindly refer to the below mentioned link: http://projectmanager.com.au/basic/4-common-construction-problems-project-management-resolves/
|
In an article written by Daniel Jebaraj,V.P Syncfusion, he tries to tell us the importance of grooming in-house talents rather than looking for a new one outside every time when there is a need.Business challenges faced by a organization can be best handled by people who are associated with or in it.In-house business analysts if properly trained can do the same type of work for a organization that sometimes big data scientists do.Building an in-house team saves both money and time. For more information please visit:-
|
|
In an article written by Peggy Bresnick Kendler,contributing writer for informationweek.com, we come to know with global demand for high end data analytics experts on the rise, banks and financial institutions are doling out bigger and fatter pay packages for them.A recent survey shows how both the salary and recruitment prospects are improving for banking and securities IT professionals . For more information please visit:-
|
This article tells us why both Design for Six Sigma (DFSS) and Quality Function Deployment (QFD) are needed. Please go through the link for more details: http://qfd-institute.blogspot.in/2013/03/dfss-dfls-and-qfd-why-we-need-both.html
|
In a country like India where dairy products are used daily by people of all caste, creed and religion. It’s only but natural that government agencies would ensure that all the parameters of this industry falls within the strict parameters of government rules and regulation. Analytics is helping this industry to bloom and conform to the policies laid down by the government For more information please visit:-
|
|
In today’s highly competitive atmosphere companies have to constantly collect, evaluate and analyze data so as to deliver high value to their consumers. In this context big data analytics is helping EPM to collect and analyze much more unstructured data than it was doing before.EPM deals with the processes which help in managing and evaluating corporate performance so as to monitor strategic and operations performance goals For more information please visit:-
|
|
People analytics is being used by Google to completely redefine different aspects of HR industry .In a recent article by DR. John Sullivan, well known author, academician and HR thought leader, we come across different practices by Hr functionaries at Google which are redefining the industry as a whole. For more information please visit:-
|
|
In an article by Randy Woods, writer and editor, in iSixSigma magazine we come to know how DFSS is changing the game for financial services firm a midst tough competition.Applying DFSS in financial services firm is helping the companies to maximize their stakeholders wealth. For more information please visit:-
|
|
In an article written in the designsixsigma, website, we come to know about the basics of DFSS. What DFSS actually is and whether DFSS is a methodology or not. This article gives us the basic insights into the world of DFSS. For more information please visit:-
|
|
An article by Robert Gettys, operation and quality consultant, explains how Lean Six Sigma is helping call centers to improve their operations and streamline their processes. Lean Six Sigma helps in detecting problem and causes due to which problem occurred. By using Lean Six Sigma tools we can resolve the issues working as a deterrent to proper operations and also carry out regular checks to ensure that everything is hunky and dory in operational processes. For more information please visit:-
|