Wednesday, February 26, 2014

Project & Portfolio Financial Management Go Mainstream



Project & Portfolio Financial Management Go Mainstream:    Financial Management Improves Organization Agility   -->



Without visibility into the planned initiatives and the impact of ongoing cross enterprise initiatives on attainment of strategic goals, or financial resource utilization, the enterprise will squander scarce resources and miss opportunities. While identifying the importance of initiatives relative to strategic goals is already part and parcel of any successful EPPM implementation, the recent addition of portfolio Financial Management to the traditional EPPM capabilities is the `missing link' that enables management teams in any firm to improve their control of deployment activities and fundamentally improve their organizations agility.

Making better informed management decisions -- and being able to follow them up with fact based Action Plans when external events change strategic priorities -- requires EPPM with Financial Management.
      





Regards
Sajal
7411356308
8798129721
http://www.smilesentrust.com/products/whizible-execution/

Tuesday, February 25, 2014

Cost Implication for Project management ----> Understanding Project Costs and Why They Went Up or Down ???




Cost Implication for Project management ----> Understanding Project Costs and Why They Went Up or Down  ??? 



Stating the Problem >> Defining the Terms -->
    Budget Cost for Work Scheduled (BCWS)
    Budget Cost for Work Performed (BCWP)
    Actual Cost for Work Performed (ACWP)


Quantity Variance (BCWS – BCWP) --> Rate Variance (ACWP – BCWP)-->Total Variance (ACWP – BCWS)
 

Play bigger role than assigned …expand ..illustrate yourself …………….complacency is a curse …

Sajal
7411356308