www.rmcproject.com AboutRita Mulcahy, PMP – An expert in advanced project management, the PMP® Exam and risk management – A gifted instructor and author of the books PMP® Exam Prep and Risk Management Tricks of the Trade – Founder of RMC Project Management, the Innovators in Project Management Training and Products since 1991.
Video Rating: 5 / 5
www.rmcproject.com AboutRita Mulcahy, PMP – An expert in advanced project management, the PMP® Exam and risk management – A gifted instructor and author of the books PMP® Exam Prep and Risk Management Tricks of the Trade – Founder of RMC Project Management, the Innovators in Project Management Training and Products since 1991.
Video Rating: 5 / 5
www.rmcproject.com AboutRita Mulcahy, PMP – An expert in advanced project management, the PMP® Exam and risk management – A gifted instructor and author of the books PMP® Exam Prep and Risk Management Tricks of the Trade – Founder of RMC Project Management, the Innovators in Project Management Training and Products since 1991.
There’s a difficult question implied here. Which would you choose when it comes to the crunch? A healthy economy or the survival of the planet? Recent trends suggest that you can’t have both. Worse than that, even if you choose, will it make any difference? Mst of us seem to think, (if we have the luxury of choice that is), that a car, a holiday, a secure job and comfortable retirement are more important. Let’s leave that problem to the ‘experts’! For the minority stop at nothing to become as rich and powerful as Emperors the question simply does not exist. They have no thought for the day after tomorrow. Perhaps it is important to find out why. The Sales Manager’s Office. When I sit in my office – the one I never recognise – travelling salesmen come to my door. Most insist they saw an advertisement I never placed. They are looking for an office they can feel at home in; happy only to be in a place they can recognise. Those that enter reach out to me along the corridors that join their eyes to mine but are quite unable to explain how they found their way here. Some confess to a sensation of falling. Once in my office, convinced that they have done enough to secure a post, they start to look for something to busy themselves with. They spring open their attaché cases, pull out their well-handled, often dog-eared samples. Underwear, videos, cosmetics, brushes, soft-toys and indoor games are revealed. With not so much as a ‘by-your-leave’ I find myself knee-deep in Space …
Video Rating: 5 / 5
Bad Manager Meeting 6a
Video Rating: 5 / 5
Video from Greg Smith on the importance of being accessible and open with employees. www.chartcourse.com
A project or program follows a decision to spend some money on an endeavor; with most decisions based on the expectation that a return on investment is imminent. Here, we discuss the three key concepts managers keep in mind when evaluating finances.
The 3 basic concepts are Internal Rate of Return (IRR), Net Present Value (NPV), and Sunk Costs. Let’s take a look at each.
Internal rate of return (IRR)
Internal rate of return (IRR) is an average rate of return of all the cash flows resulting from a project over time. The IRR, or internal rate of return, can be illustrated by example. A rate of 10% could reflect the ROI, or return on investment, as represented by discounted cash flows over the years. In other words, the IRR for the investment is the discount rate that makes the NPV, or net present value, of the cash flows total to zero.
A project is a good potential investment if its IRR is exceeds the rate of return that could be earned by alternate investments of equal risk. Thus, the IRR should be compared to any alternate rates of return, adjsuted for risk. The challenge for any project is clearly understanding and accurately quantifying the risks.
Net Present Value (NPV)
Net present value is a similar concept, but the metric is monetary value, not a rate. Like IRR, it looks at the cash flows over time, derived from estimates of capital expenditures, costs and revenues over a period of time during which the product of the project will have an impact on operations.
Projects that have a higher NPV produce a greater positive cash flow, and thus create more value. It is important to estimate our cash flows as accurately as possible and then to monitor closely after the project has been implemented.
It is vital to note that majority of project decisions are anchored on their possible future outcome. These forward looking criteria are based on the delta cash flow resulting from the project over time.
Sunk Costs
Sunk costs, as the name implies, are gone and cannot be recovered. They represent money spent that is irretrievable. Many people either misunderstand or have an emotional attachment to money that was spent. As project managers, this is a challenge that we must recognize and learn to overcome. Here is an example.
In a changing economic environment, we often find that the original justification for a project changes. In this example, original calculations might show that investing ,000,000 in new plant facilities could annually generate an additional 0,000 in cash flow. This may have been an attractive project at the time, but maybe that anticipated increased cash flow is now only 0,000. Perhaps 0,000 has already been expended on this additional plant capability, and if we stop now, no increased cash flow will be achieved. However, if the final 0,000 is spent, the 0,000 of additional cash flow will be achieved. While a 10% return on the full million might be a very marginal investment, this is irrelevant at this point, since the first 0,000 is a “sunk cost”. The real metric of interest is the expected 25% return of 0,000 on the remaining 0,000 investment. It is important to distinguish the sunk costs and to realistically really look at what can be achieved going forward.
Using Financial Metrics as a Project Manager
As project and program managers, we always need to be forward looking. In looking at something like sunk costs, we need to leave them behind and look at future costs as well as future revenues. We need to look at future cash flows. Projects and programs are always forward looking. The best time to look back into the past is to recognize what lessons have been learned along the way. We need to be disciplined enough to be forward looking and we need to have the leadership skills to articulate what sunk costs are and to differentiate between sunk costs and costs going forward. Also, unlike financial managers, project managers need to look at the future (ignoring sunk costs) project cash flows and expected returns, assess risks, and develop risk mitigation plans, should things change. Understanding all of the financial metrics is one input to executing that project management responsibility effectively.
John Reiling is a PMP and also has an online training web site, Project Management Training Online, which includes PDU training on finance and accounting topics for PMs.
Article from articlesbase.com
Weekly Time Management Schedule Template
Employee scheduling issues count among the most well-known complaints reported by managers around the country. Many employers report that the problems they commonly face when working on a shift scheduling routine will include not having an employee schedule template suited to specific needs, uncommon shift rotations, and a higher than average turnover rate on the staff roster. A shift scheduling software solution that works for one company might not necessarily result in positive outcomes for yours. Weekly Time Management Schedule Template
Below we will examine the above mentioned common scheduling problems, and mention several solutions to each that managers in a variety of fields should find useful. In the end, the important factor to keep in mind is to find solutions specifically suited to the issues faced by your industry and your business. Scheduling software that works for one company might not necessarily result in positive outcome for yours.
A commonly reported problem from managers in a wide range of fields is that the scheduling software they use does not address specific hurdle faced in their day to day operations. Shift scheduling problems arising from this issue can be wide ranging, and include problems such as software not allowing for split shifts, difficulties in rearrangements for holiday periods or employee vacations, sudden shift changes, and staff roster seniority rankings.
Regardless of what the problem is with your shift scheduling software, the root cause is that your tools are not specially adjusted to meet your needs. To use another phrase, you are trying to fit a square peg in a rectangular hole. The best resolution for these problems is to research specific solutions for employee scheduling that are more tuned in to what your requirements are as a business. Weekly Time Management Schedule Template
Many business models today result in strange or awkward shift rotations for employees. Perhaps your employees have to arrive two times a day for several hours. Perhaps there are bi-weekly shifts, or even a 6-week rotation schedule that causes problems. These situations are all hard to manage and plan for without having the correct tools to work with. For example, what tools can you use to correctly keep track of employee work hours when they work every other day except the last Monday of each leap year?
If you are running into non-traditional scheduling issues, the best thing you can do is research alternatives to your current employee schedule template. Shift scheduling problems are only problems if you do not properly address the root causes. In other words, you need to upgrade your methods.
It can sometimes feel to you like you have just gotten adjusted to your employee staff scheduling needs, when someone leaves and throws your entire schedule out of whack. With a new employee comes new employee shift scheduling requirements, new days off, and a whole other list of problems. With the right shift scheduling and staff roster software, this should not be any more difficult than punching in a few staff scheduling parameters.
Managers face a variety of issues every day with employee scheduling, but with the right software and the right employee scheduling template, you are well on your way to boosting the success of your employee scheduling needs. All you need to do is put rubber to the road and consider your options. Weekly Time Management Schedule Template
Tired of doing repeated things, ended up not having enough time?
Learn the secrets of Weekly Time Management Schedule Template and find out how you can Maximize Your Time!
TryWeekly Time Management Schedule Template and see how it changes your life … Forever!
Article from articlesbase.com
Making Managers into Leaders® Institute is an online learning community that provides ongoing leadership skills development to people at all levels of organizations, as well as teams. One of the most popular tools provided is a weekly 10-minute simple and practical learning video which will complement any current leadership development effort. It is effective in several scenarios: * When an organization wants to continue a development process started with a specific event or program. * As an ongoing part of learning and development for individuals or teams. * When youre looking for a standalone drip approach to learning and development that is high value/low cost. * Managers want to create a learning environment by showing and discussing a video at each team meeting. Included in MMIL Institute membership is: * Weekly 10 minute practical learning videos. * Periodic webinars and teleseminars. * Access to recorded webinars. * Numerous brief audio learning segments. * Dozens of focused articles. * Community discussions.
Video Rating: 0 / 5
A quick glimpse at some recent Physical Management training. This training course is ideal for security officers or those looking to move into security. Check out the web site for more information on the personal security training courses run by Capitol Risk. www.personalsecuritytraining.co.uk
Video Rating: 0 / 5
Web Training for Marketing Managers by www.RingJohn.com will cover conversion improvement testing, increasing ROI from online marketing activities, and web analytics. RingJohn is a full service internet marketing agency established since 2001.
Video Rating: 5 / 5
Coaching Salespeople into Sales Champions is the ultimate guide to maximizing team productivity through executive sales coaching. Between professional deadlines and other business responsibilities, most sales managers can?t find the time to develop their sales staff. This book shows you how to develop your own executive sales coaching skills so you can boost sales efficiency, train your staff to better performance, and hire and retain top sales talent.
List Price: $ 29.95
Price: {price-updating}
Find More Sales Manager Products