Tuesday, March 30, 2010

SCOPE MANAGEMENT;WHAT DO YOU REALLY WANT IN YOUR LIFE?

I won't forget the incident easily. It was a few years ago. I really didn't know anything about scope management at the time. It would be several years in the future as a management consultant that I would look back and crystallize the concept in clear management terminology.

However, I will continue to remember the lessons vividly for the rest of my earthly existence. It was 5:00am in the morning, when my number one mentor in the school of success woke me up to teach me life principles for success. He looked at me straight in the eye and said what do you really want? Before I could respond, my father elaborated further: Your answer to this question will remain the strongest determining force in your desire for success he bellowed! What do you really want in your life? What are the most important things to you? What genuinely resonates with personally?
“If you do not answer this question adequately and appropriately; you won't be able to get anywhere with anything.”

This was scope management made easy. He proceeded to say write it down! Unknown to me at that time, he was already teaching me two of the core processes of scope management technically called Requirements gathering and define scope.

As I consider this great lesson from my father's house, it is pertinent for us to take note that great question “what" and then write it down.
This is applicable and instructive not only in our personal lives but also in our businesses and corporate national life. All successful ventures of the past had to identify their stakeholders and ask the big "what" question.

They also had to distill and crystallize it in clear understandable language. Until this is done, enterprise success will remain a delusive mirage of grandiose illusions. As my father said, the problem with undefined destinations is that you won't know when you get there. Neither would you be able to calibrate nor measure it. There also will be no alignment of thought and action and the resultant effect will be the proverbial tower of Babel. At the end of the day, what will happen is wanton waste of energies with no synergy and synchronization.

In the study of Nations, Nigeria is a case on point.

It is a nation of about 15O million people of over 250 ethnicities. In its 50 years existence, there has been no organized collection of requirements. No one documented any "what”, probably because there is none. Hope or the expectations of a positive destination has been identified as the great preservative of corporate human existence! When there are no clear destinations, people despair! What you see is anarchy, riots and killings, ethnic violence etc, because there are no unified centralized scope management infrastructures.

The sheer size and magnitude of all forms of resources available to Nigeria is laying waste, because there is no central alignment. All stakeholders pursue their different agenda, hence sectarianism rules supreme and prodigal expenditure of national creative energies continue.

The key to national economic revival is to identify stakeholders, collect requirements and crystallize a defined national scope. My grandfather once told me that there is no correlation between the actual size of the head and the size of the ache in the head. Our successes are not by the size of our abilities, talents or "creativities"; but by the internal "systematic" of the frameworks that we give those innate "giftings" so that they can have profitable expression. Proper stakeholder identification, with requirements gathering and integrated documentation of same is the hope of superior productivity in every facets of our personal, corporate and national life. Embrace scope management today.

Monday, February 1, 2010

PROJECT MANAGEMENT; AN INDISPENSABLE TOOL FOR SUPERIOR PERFORMANCE AND BUSINESS SUCCESS(2)

MANAGING CONSTRAINTS FOR SUPERIOR PERFORMANCE
Constraint in human existence is a definite reality. In our individual, corporate and National life, we need to find effective and efficient ways of doing much more with less. We would always need more money, more time, more health etc. However, superior existence in our humanity demands that we ask how can we do much more with less? As individuals and businesses blessed with numerous resources, how can we achieve more with what we have? For us to truly advance as a nation, this is key and pivotal to our quest for Individual and Corporate Emancipation. Professional Project Management provides us with time tested ways of doing much more with less. As a methodology it takes into full cognizance the role of constraints in achieving our objectives and gives us the answers needed to ensure our success. Instead of Constraints being a disadvantage, Project management helps us to manage and convert it to our advantage.
Traditionally, three major constraints emerge quickly in our quest to fulfill our set objectives or targets in all areas of our human endeavour. They are Cost, Time and scope; popularly called the triple constraint. The fulfillment of our set objectives hinges very strongly on the fulcrum those levers on these three major factors. For us to succeed we must manage them maximally and effectively. Of course, in recent times, others have emerged (customer satisfaction, risk and quality).This is known as the enhanced Constraint list in project management. Project management philosophy and methodology is the absolute answer to managing constraints in our private and corporate lives in the implementation of our plans to generate our desired outcomes.
Inappropriate or shoddy project management is not a price any individual or corporate organization should pay. We have dreams, goals and aspirations. Project management is capable of taking us to our Promised Land intact and in one piece
(to be continued)

Friday, January 29, 2010

PROJECT MANAGEMENT; AN INDISPENSABLE TOOL FOR SUPERIOR PERFORMANCE AND BUSINESS SUCCESS(1)

The aim of all human effort in business, personal and national life is to succeed. In order to achieve this success, man therefore defines goals, objectives with targets to achieve the defined success. The achievement of these goals is dependent on the availability of scarce resources available in Man’s immediate environment to achieve the set objectives. In fact the management of the available scarce resources to give the desired output (goals and objectives) determine to a large extent how much advancement man can and will make on the earth.
Project Management is a proven systematic philosophy that guarantees the delivery of set objectives and targets within the boundary of the available scarce resources that man has to meet his needs. This profound philosophy makes use of in-depth scientific knowledge, proven skills, effective tools and techniques to deliver the output desired within the constraint boundaries available to man.

Thursday, December 10, 2009

TALENT TO TREASURE @Daystar Christian Center Career Forum

I'm so excited as I write this afternoon!
The career plus event for Job seekers has taken off this morning with several people in attendance!
I shall be speaking tomorrow on the Subject Of Talent To Treasure!
It is a chronicle of my odyssey on the Journey through the pathways of Life!
I shall share simply,the unmistakable principles that certainly will levitate men to the large deposits of abundant goals in the embers of their being!
It is a thorough synopsis of the exegesis of the science personal wealth.
All have gold within us.Every Man and Woman born on earth is an embodiment of great insight!
It is my assignment on this occasion to serve great men and women food that will strengthen their limbs for the Journey ahead.we shall consider the real secrets required to succeed in the examinations of life that has no timetable.All participants shall learn applicable personal superior performance strategies......
I am excited and I shall keep you posted!
Ciao

Friday, December 4, 2009

THE KNOWLEDGE AREAS OF PROJECT MANAGEMENT

According the the world's largest project management body,i.e The Project Management Institute(PMI),Every Project Manager would be required to master nine(9) management Knowledge areas.

These are also prerequisites for the successful management of projects world-wide.The degree to which a Project Manager understands them,determines directly his success or failure rates as a Project Manager.

They are:

Integration Management

Scope Management

Time Management

Cost Management

Quality Management

Human Resources Management

Communications Management

Risk Management

Procurement Management

The Project manager is also has Professional and Social Responsibilities expected of him as

exemplified in the code of conduct and ethics documentation of PMI.

We shall philosophize each of the 9 knowledge areas and brainstorm on practical and applicable

ways of making them happen.

This sessions promise to be exciting all the way.

welcome to class!!!

Wednesday, November 18, 2009

INSPIRATION FOR GREATNESS! (Part 3)

Hi Everyone,

We shall continue today on our earlier discussion.Follow me on this adventurous journey,you will enjoy it and trust me it will be fabulous experince.We are taking a closer meditative insightful look at the quote in part one of this series.
Yesterday, We established by the help of psychologists that FEAR is a natural emotional phonemenon common to all human beings in response to threat,danger or threat of pain.Anytime humanity faces threat or danger or uncertainty,the most likely response is FEAR.

Please my dear colleague in the school of life, there is absolutely no way on this planet that you won't experience FEAR.(this may be no news to you)There will never be a time when humanity will live free of fear.Why?You might want to ask me....
Here's the answer taught me in one of the tutorials of destiny:because there shall always be threat,danger and uncertainty.
As a Baby, before we took the first steps we feared-imagine with me the thoughts in the mind of a baby as he/she takes the first stepin learning to walk unaided(what if i fall down,what if the ground is not firm?........),but eventually we mastered it!Today as adults we run! because WE ACTED INSPITE OF OUR FEARS!
For corporate humanity to advance, all the champions of the previous generations had to cross this bridge!
Had they turned back in the face of threats, danger and uncertainty(which made them feel fear),humanity wont be here today.
Imagine if Thomas Edison had yielded his muscles to the ache and fatigue caused by succesive failures and massive threat and danger in his quest for the Electric Bulb?
It took him hundreds of attempts,many dissapointments and many failures,believe me each failure is painful!Each time he experimented, he wasn't sure!Yet HE REFUSED TO GIVE IN TO HIS FEARS!
For the Students of this great citadel of learning , We shall continue in the days to come......

But I leave you Today in this lecture with this lesson:

FEAR SHALL ALWAYS EXIST , COURAGE IS TO ACT INSPITE OF YOUR FEARS AND REFUSE TO TURN BACK!

See you soon

Your colleague In the School Of Life

Deoking!

Wednesday, November 11, 2009

Are you ready for PMP® Exam Questions like these?

Hi Guys!i got this questions online at

http://www.project-management-formulas.com

Please practise with them!

Here are a 10 PMP® Exam Sample Questions for which you need to know the formulas. Judge for yourself - how many of these are you comfortable with?

Question EV = 240,000, AC = 260,000, PV = 250,000, SPI = 0.96, BAC = 700,000. How much is your new ETC assuming that current variances are typical?


Question What is the target cost on the following contract: Point of Total Assumption: 1,800,000; Target Profit: 150,000; Target Price: 1,700,000; Ceiling Price: 1,850,000; Share Ratio: 75% buyer–25% seller for overruns, 60%–40% for underruns.


Question Your team size will go from 12 to 11 people. How many fewer communication channels are there on your project?


Question EV = 105 and SPI = 0.9375. How much is the Schedule Variance (SV)?


Question You estimate that a task will take anywhere from 60 - 70 days to complete. Assuming that you estimated towards 3 sigma, how certain are you about this duration?


Question What information does the EAC contain?


Question You have received the following values from your statistical sampling: 80, 83, 85, 90, 82, 88, 90, 91, 94, and 79. What is the median of this number set?


Question

Your project has an SPI of 1.1 and a CPI of 0.9. What does this mean?



Question Which of the following 4 projects will you select? Project Gold: Profit: 200,000, EV: 450,000, ROI: 8%. Project Bear: Investment: 350,000, ROI: 8.1%, Payback Period: 4 years. Project Stellar: Lowered expenses: 45,000, Profit: -8,000, ROI: 7.5%. Project HHGTTG: PV: 50,000


Question You are manufacturing screws and your control limits for the weight of these screws are set from 2.51 grams to 2.58 grams. Your customer informs you that they would like to have their control specifications set from 2.54 grams to 2.57 grams. What do you tell your customer?