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Sep
09
2015

How to Optimize Project Selection with a Spreadsheet and Basic Algebra

By Sean Brooks

As an executive, your time is a valuable asset, and your organization’s profitability depends on the efficient use of time. Managing time wisely requires, in part, that you do not pursue projects whose returns on investment, or value to the organization, do not justify the time or money required to complete them.

Projects with poor organizational alignment can sink companies and government agencies, or at least chart the wrong course. Implementing and executing on a systematic and consistent project selection approach can increase project value to your organization.

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Aug
26
2015

Using Averages in Your Business Data Analysis? You May Be Overlooking Risk.

By Sean Brooks


Have you ever wondered why your sales forecasts are off, you overshoot your budget estimates, or your projects miss critical deadlines? You believe that you’ve conducted thorough data analyses and yet the frustration of inaccurate estimates continues to haunt you. So what’s the problem? Where have you gone wrong?

You may be impairing your plans from the beginning by building them with numbers that represent “best guesses” in place of uncertain inputs. In other words, you’ve put one number into each spreadsheet cell that actually represents an uncertain, future quantity. Consider the following example:

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Apr
15
2015

3 Project Realization Challenges and How to Overcome Them

By John Dillard

Most projects start with great intentions – but some flail and falter, while others soar.

What makes the difference? Often it comes down to planning. We’ve seen how the process of selecting a project can determine your ultimate success or failure. But many more roadblocks can arise on the path to implementation.

When it comes to implementation, proper preparation can make or break your project. Let’s look at three of the most common project realization challenges, and what you can do to avoid or overcome them.

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Apr
08
2015

Project Selection: 5 Things Every Organization Should Consider

By Brittany Andrews

For complex organizations, choosing projects can be a hidden challenge. How do you ensure that your next project supports your broader goals and pushes your organization forward? How do you prioritize your efforts to achieve the greatest impact?

The answers aren’t always obvious. And all too often, even when you have your organization’s leadership gathered in a single room, you will still have to contend with clashes of personality or just simple disagreement on matters of project selection. The way forward may seem clear to you or your colleagues, but leadership needs to be on the same page. You need to identify all of the productive directions you might take and then select your project according to a consistent, rational, and objective process. 

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Apr
10
2014

4 Strategic Planning Steps For Better Overall Decision Making

By John Dillard

Crafting a strategic plan doesn’t have to be a painful, expensive process for your business or government agency. Rather, think of it as a decision-making process that keeps you from making the same mistakes year after year.

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