Business
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Friday, December 21st, 2007What is the difference between a leader and a manager? There are a lot of discussions on this question. Both are needed in an organization. Both have specific traits that make them good at what they do. So the difference is in what they do and how they do it. A person can be both [...]
Project Initiation - Business Case
Sunday, December 9th, 2007A project should only be taken on by organizations if they add value. Basically you want to ensure the benefits exceed the cost in doing the project. There is a cost to all projects and that cost is employees. If we decide to do a project that project must have man hours set against it. [...]
Capable work performance
Friday, December 7th, 2007How much project work can someone do in one week? Some senior management think that a 40 hour work week means we can get 40 hours of work from our employee. In an IT shop this is not going to happen. Even in manufacturing you cannot get 40 hours of work from an employee.
Let’s say [...]
Cash flow analysis techniques
Saturday, October 13th, 2007Payback period
This is the time it takes for a company to recoup the initial costs of producing the product. We would compare the initial investment to the incoming cash flows expected over the life of the product. Lets say the initial investment is $500,000. We expect the incoming cash flows to be $100,000 [...]
Lean thinking
Friday, August 10th, 2007Lean Thinking gives us five principles in which to reduce order to delivery times. With this process, businesses strive to have products made to order and reduce storage. These five principles are value, the value stream, flow, pull, and perfection. This book tries to guide the reader in their change process from a batch and [...]
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