This event might be the most worthwhile day you will spend this year – hearing some of the most interesting and dynamic business leaders discuss the challenges of the day and how you may best be prepared and overcome.
On Gambling, Logic, Statistics – and Project Portfolio Return Optimization
By Joseph Paris; Chairman, XONITEK Group of Companies
Most people look at the overall return on an investment – be it personally (as in the “markets”) or professionally (in this instance, a Continuous Improvement program). They look at the budget under their control and the magnitude of the overall return. If the return achieves their goals, they are satisfied – if it does not, they are displeased.
The directive was clear, “You have a week to find a way to defuse our ‘process bombs.” This was the challenge put out by the new Vice President at a Fortune 200 company upon inheriting a business process fraught with delays and errors. It is amazing what a sense of urgency and an aggressive deadline will do to focus one’s thinking and prioritization of work.
To remain competitive in the market requires management to take an active role in recognizing and acknowledging that the business environment is changing daily. Time and distance have been compressed to a point that their presence only ensures that somewhere a business interest is about to launch a product or services to meet changing customer needs; faster and cheaper.
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