It’s that time of year again when thoughts turn to planning for the next year. What should PMOs focus on when building their business plan? Let’s explore this in terms of the process that a PMO leader should go through in building the business plan rather than identifying specific goals and objectives that might not apply to an individual scenario.
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Business planning isn’t just a good idea if you have the time, it’s an essential part of getting projects and budgets approved and keeping your IT department in good standing within your organization. Plus, it’s a rare opportunity for CIOs to write their own playbook.
From business continuity to strategic planning, these small business resources will help you get to where you want to go.
Here is an example of a developed sales budget from forecasted sales.
Learn how your business plan needs to evolve from startup through to succession in this business planning definition.
Skeptical about business planning? Make sure that your business planning is not a waste of time by adhering to these five planning principles.
Each book in our list of recommended business plan books is devoted solely to the topic. These are the best step-by-step guides on content, presentation and execution of a business plans.
If you're about to start your own real estate brokerage or you're operating one already, do you know your expenses?
Research and report on seven aspects of your venture or project to be sure whether and how you should proceed.
Most articles about starting a business cover planning. Creating your business plan. Creating your marketing plan. Creating page upon page of plans, plans
Try this webinar platform solution to bridge the gap between you and your clients or prospects.
Discover ways careful event planning can benefit your small business and even turn a profit for you!
Put together a business action plan that will invigorate your business for a whole year in just two business planning sessions.
Stay relevant and successful in a competitive environment with these event planning 101 tips. Click here to find out how to grow an event planning business.
What will happen to your business if disaster strikes? This business contingency planning guide will help you put a business disaster plan together.
An event planning business proposal is critical for success. Learn why you need one for your event planning business and 7 important items to include.
Make achieving a successful wedding planning business easier with these five steps to start your wedding planning business today.
Many event planners struggle to solidify their service fees when quoting a client event. Check out these ways to collect fees.
Business networking is an easy, effective, low-cost marketing method that can be used to support and promote your event planning business.
Tax deductions and tax credits you can use to save on taxes. Read this list of tax deductions before the end of the year and take advantage of those that can reduce your business taxes
Using a daily planning session at the start of each day to focus on your business goals is a great way to increase your business success. Here's how.
Start a business that focuses on one of the things you love most — a good party! Learn about the pros and cons for getting started as a party planner.
Explore these tax planning tips for businesses, See what to bring with you to a meeting with your tax person and what topics you should discuss.
A CPA offers advice on how to make the best decisions for small business tax planning at the end of the year.
Tips for home business owners to calculate, plan and save for retirement.
Find information about business taxes, including home-based business taxes and disregarded entities.
Writing an event planning business plan is easier than you think. Why you need one and what to include to keep your business organized and on track.
Learn how to design your dream event planning business without obsessing over what your main competitors have achieved in the industry.
Business owners or financial managers need budgets as guiding and forecasting tools. Learn the reasons for businesses to develop budgets.
Business succession planning is critical for family businesses. These tips will help ensure a smooth transition from one generation to another.
When you do business tax planning, check state and local taxes, licenses and permits, and other business costs to save on total taxes.
Not sure how to promote your event business? Learn five affordable ways to promote your event planning business.
The smallest meetings require proper planning to ensure all of the needs and objectives are met. Learn 8 essential steps to your next small meeting.
Get tips on how to start your own event planning business and learn about the practicalities you need to know about before you start talking to clients.
The ability of a company to respond quickly and swiftly to an emergency is largely a function of the disaster preparedness mindset among its employees.
Different countries have differing risks. The companies have to ensure that their business continuity management plans are according to the specific risk that the location in which they are based carries.
Disaster Recovery and Business Continuity planning requires in-depth knowledge of the industry, the particular business and the processes.
The main aim of any disaster recovery and business continuity plan is to get the business process up and running in the least minimum time.
Social Business Model and Planning for Social Innovation from Copenhagen Business School. In this course we will take the social business opportunity that you have identified in the first course to a higher level. Specifically, you will develop a …
Business English: Planning & Negotiating from University of Washington. In this course, the context is hosting an event and finding an appropriate venue for it. You will learn language and strategies for successful negotiations culminating in a …
Strategy transforms organizations from entities stuck with unchangeable plans to industry leaders utilizing flexible and transformational ways for their business. Organizations must therefore not base strategy on fixed and unchanging planning, but rather planning that is flexible, attentive and proactive to changes in the environment.
A lot can happen during planning and requirements. The business may be discovering what it wants for the first time, or stakeholders may see what the solution demands. Those are just a few of the creatures lurking in the dark…
In part three of our series, here is an overview of the key planning activities, sub-processes and deliverables involved in requirements planning, which should be driven by the business analyst as a member of the project team.
As a representative of the business, you need the appropriate strategy information for your analysis and planning. A complete package of strategy information that corresponds to your project can be a challenge to collect, so here are tips for finding information from four sources.
PMs have to manage projects that meet the business strategy, but can they also influence that strategy?
There is no silver bullet that will allow us to remove all uncertainty, but we can apply some business intelligence practices to the concept of annual planning to at least increase our confidence levels and reduce the risks around the decisions that we make.
Planning, Assessing, Analyzing and Monitoring Country and Political Risk During the PMI Risk Management Process
Pursuing overseas or cross-borders business requires an understanding of the country and political risk—it is, indisputably, a key consideration. The author demonstrates how PMI risk management processes and best practices can be customized to expand the picture of country political risk assessments, identification, analysis and monitoring.
How to Start a Bakery Business in the Philippines. Are you planning to put up a business? Why not try a bakery? It is profitable, can be started at home and allows the owner to grow the business gradually as his capital, interest and…
How to Plan Your Business Travel. Planning a work-related trip can be a stressful endeavor. On top of your usual travel concerns, you also have to keep your mind focused on the business aspect of your trip. Business travel doesn’t have to…
Planning to grow your business includes stepping out on a whim and following your gut.
The SOF truths were created over 25 years ago to guide special operations in strategic planning, planning missions, and everyday activities.
Are you planning to move your office? Learn simple, effective tips on how to plan and execute the move from one office to the next with ease.
The New Year is fast approaching. Do you have a plan for your business? Do you know what you’re going to do for 2010 to make your business grow and see you
As businesses come to rely more on technology, there is an urgent need to plan for it. However, technology planning is hardly ever on the “to do” list
Writing is a process that distills thought. Corporate innovators are often asked to prepare detailed plans. Companies employ a variety of planning tools an
Are you planning to start your own business or shifting your setup to a new place and want to improve your marketing plan as well as your store design?
You shouldn’t be afraid to go after your dreams, but you shouldn’t dive blindly into the online business world either – focus on planning.
Describes a profit and loss statement (income statement) and how this statement is used in business, for tax and planning purposes.
When considering if you need to hire an estate planning attorney, remember this – estate planning is serious business.
Goals and objectives are important components of organization and personal-professional planning and work. Always strive to avoid confusing the two.
Are you always planning parties and events for your friends? Maybe a career in event planning is right for you! Learn how to get a job in event planning or start your own business, and get tips and best practices for planning everything from Bar Mitzvahs to weddings.
Using a succession planning template is important in any business. Learn about the data elements that should be included in that type of plan.
Here are tips on how to write a comprehensive event planning service proposal that sells your business, skills, and event ideas to a prospective client.
The best corporate event ideas mix business with fun. Here are some unique ideas do that can be tailored to meet the needs of your organization.
Disaster recovery planning is necessary to any business. Without it, your business is sure to fail if disaster strikes.
Overview of the party planning business, including the pros and cons, plus the steps to getting started as a home based party planner.
You have a great idea for a business. Now how do you get started? From finding the right strategic alliances, to business planning, and fundraising.
Is today the day you start your own business? Learn everything you need to run a successful small business, including business planning, accounting and bookkeeping, small business financing and loans, sales and marketing, hiring employees, and more.
In organizations where employees understand the mission and goals, the business experiences a 29% greater return. Here's how to develop a strategic plan.
We all know how important business planning is – this small business year end checklist will inspire you to get to it and make the process easier.
Planning on taking an advance on future credit card sales? Learn the dangers of a merchant cash advance and when it may not be the ideal solution.
Logistics businesses need to become efficient in the way that they plan their transportation routes.
Need basic information about Human Resources’ strategic planning? Here’s how to accomplish HR strategic planning that will add value for your business.
Business planning is a vital component of starting and growing a successful enterprise. Many different templates and variations of business plans exist, so you must choose the right one for your purpose and your enterprise. Having a business and knowing what to do with it are very separate issues and creating a well-executed business plan for the right reasons will enhance the odds that your venture will be one of the ones to succeed.
Catering is perhaps one of the most important aspects of event planning. Learn how to successfully run a catering business.
Learn what business people and event planning professionals need to know about the different types of seminars.
While it's true that accountants don't charge as much, a CPA can provide high-level services such as tax planning & can represent you before the IRS.
Learn the basics of event planning as a small business career. Use these resources and checklist for those who are involved in planning corporate, association, non-profit and social events.
Self-employed and small-business IRAs have some benefits that set them apart from the traditional 401(k). Use these retirement planning resources to find out how self-employed IRAs work, and whether one is right for your business.
6 business tax and finance resolutions, including budgeting, business record keeping, disaster planning, payroll system, company records
How do successful mobile pizza businesses get started? These key tips will guide you through business basics, choosing an oven and planning events.
Streamline your event planning business with event management software tools that manage, organize, and increase your event planning efficiency.
Simplified Employee Pension (SEP) IRA tax deductions help small business owners and the self-employed to save pre-tax dollars for retirement.
Good managers need to organize, strategize and plan effectively. Use these resources to improve your strategic planning, business organization and reorganization, competitive intelligence, benchmarking and other related skills.
Knowing what retail business license and permits your retail business and online store needs can be very confusing when planning a new business.
Follow these key planning steps to prepare a successful business loan proposal for starting a business or business expansion.
Poor planning is the main reason small business fail. Learn how you can avoid it before you start a small business.
If you're planning to start your own small business and you don't already have a formal business plan, do you really need a business plan for your small business or can you succeed without one?
Many people use wedding planning jobs as a path to establish their own wedding planning business. Learn more about the duties of a wedding planner.
A definition of business budget and how planning a budget applies to businesses. An example budget template is included.
Running a successful rental property starts with a good business plan. Here are nine questions that will help you focus and guide you to success.
As a small business, your tax burden can be significant. Here are some ways to reduce your small business tax burden through planning and execution.
A catering business is a great way to see if you are ready to open your restaurant. A small business catering company requires planning and creativity.
The pros and cons to starting a wedding planning business, plus steps to getting started as a wedding planner.
Do you know what to do when a loss occurs? This article explains the three steps involved in managing a claim: planning, reporting and following up.
We are all faced with a hobbling paradox. Most agree that employees make or break an enterprise, but the HR team often seems to be constantly catching up. Business leaders complain that they have to “break in” new HR people, and that individuals with HR degrees in college are not overly useful. Finally, when business leaders do praise HR, it is an individual person who gets praised, not the department. Obviously, this impacts Training and Development efforts directly. Any real effort to develop Big Skills requires a trust on the sponsor’s part and a competency on the deliverer’s part that too often are just not there. And any T+D efforts not around Big Skills is just treading water for the training group. As I work with global organizations, I have recently been aware of a staggering truth. Most HR groups have no succession planning for themselves. This is true even when HR works hard to create succession planning for every other part of the enterprise. If this is true, it both provides an explanation and a surprisingly easy remedy for the Hobbled HR group. And best of all, HR is already good at it: they know the tools of identification, rotational assignments, fast tracking, retention for strategic talent, partnering with business groups on critical projects, and global exposure. We have all heard the jokes about the lawyer who died without leaving a will, or the shoemaker’s children going barefoot. So maybe it is time for the doctor to heal thyself.
MOUNTAIN VIEW, Calif.–( BUSINESS WIRE)–The nation’s unemployment rate may have hit a 26-year high in September but many small business owners are getting ready to hire. The latest Intuit Payroll survey from Intuit Inc. (Nasdaq:INTU) finds that nearly half of the small business owners surveyed, 44 percent, are planning to hire new employees within the next 12 months. At the same time, many small business owners believe that benefits are key to attracting new hires but are finding them difficult to afford. “Economists may have declared the recession over, but on Main Street, unemployment figures are what really matter,” said Nora Denzel, senior vice president of Intuit’s Employee Management Solutions Division, which helps more than 1 million small businesses easily and affordably manage their payroll. “There are struggles ahead, nobody is uncorking the champagne bottle quite yet, but we are starting to see small signs of optimism.” Read more.
Future success for any business depends in part on who is leading the business, yet according to new research from the American Society for Training & Development (ASTD) the majority of companies admit their efforts in succession planning are weak. As the global economy struggles out of the recession it is incumbent on business leaders to identify key positions, critical knowledge and skills, and the talent needed to meet short- and long-term goals, as well as put in place a working process for developing and advancing employees in the succession pipeline. Despite this demand only 14 percent of companies surveyed by ASTD said their organization’s succession planning efforts were successful to a high or very high degree. ASTD surveyed leaders from 1,247 organizations for its new study Improving Succession Plans: Harnessing the Power of Learning and Development. Key findings include: The study also offers recommendations for creating metrics, candidate selection, and key practices to cope with barriers to effective plans. A “Lessons Learned” section shares some of the wisdom gained from study respondents. Improving Succession Plans: Harnessing the Power of Learning and Development is free to ASTD members and may be downloaded from the ASTD Store at www.store.astd.org.
Background The New York State Office of the State Comptroller (NYSOSC) in Albany maintains a broad scope of responsibility unmatched by similar offices in the United States. As the state’s chief fiscal and accounting officer, the Comptroller is a separately elected state-wide official whose primary duties include managing and investing the State’s cash assets, auditing government operations, paying all NYS employees, reviewing State contracts, overseeing the fiscal affairs of local governments including New York City, and operating two of the state’s retirement systems. As an agency charged with monitoring the effective financial operation of numerous other agencies and entities, the NYSOSC understands the need to carefully maintain its own project management (PM) and business analysis (BA) capabilities. Therefore, the Office engages in regular self-assessment and performance improvement in these areas. The ChallengeNYSOSC has built a reputation for continually advancing project management best practices through its PM Center of Excellence (CoE). However, realizing that enhanced business analysis practices can also increase project success and user support, as well as heighten customer satisfaction, the agency has sought, since 2006, to improve its business analysis practices by instituting a Business Analysis Center of Excellence (BACoE). NYSOSC performance improvement programs had primarily benefited PM teams prior, and support had not been available for the advancement of BA teams. By promoting BA competencies, knowledge management, enterprise analysis skills and practices similarly to the PM program, NYSOSC sought to achieve comparable, positive results. Strategic PlanningThe agency’s cross-division Business Analysis Work Group completed a strategic report in 2006 presenting the benefits of advancing NYSOSC’s use of business analysis and making next-step recommendations, including the launch of a BACoE. In 2007, the second phase of the project was launched to begin to develop and support business analysis as an organizational resource. Kevin Belden, Deputy Comptroller and CIO, and Kirk Schanzenbach, Director of the Program Management Office (PgMO), were executive sponsors; and Barbara Ash, Assistant Director for BA in the PgMO, was the project manager. The project team consisted of numerous representatives from BA units across the agency. To provide counsel on industry best practices, and to resolve issues that were impeding progress, the project team enlisted the help of ESI International. “Having worked with ESI in the past to build our project management and business skills capabilities,” said Schanzenbach, “we were confident that they were the best partner in achieving our BA goals.” ESI began by working with NYSOSC leadership and the project team to outline unifying objectives for BA and PM skills areas, including the need to: The Solution In cooperation with ESI, NYSOSC determined the key strategies to ensure a successful program. Foremost among these were: To support the program launch, ESI designed and delivered a two-day, project kick-off workshop that centered on the program’s four-part learning framework and targeted development of knowledge, skills, ability and attitude. Day one introduced the program to senior management and focused on developing best practices in alignment with BACoE operating standards. Executive activities included competitive, interactive group exercises that helped to define and prioritize goals around developing the BACoE. Day two introduced the program to front line business analysts and ensured a common understanding of BA concepts and executive directives. Following the kick-off, the team worked in subcommittees on project deliverables, received best practice advice, and exercised skills and competencies through coaching exercises. Special attention was also given to evaluating and treating such problematic areas as standards and methodologies topics for the BA group. “This intensive learning experience was very well received as a serious enhancement to the traditional instructor-led effort.” said Ash. “Participants also felt that it accelerated the program launch significantly compared to previous programs.” Toward Change In the early months of the program, ESI participated in regular group meetings and calls in order to provide coaching and to reinforce goals and specific training targets. While ESI continues to deliver essential counsel, the NYSOSC has quickly achieved the competency to offer coaching and mentoring using internal resources. Other significant program accomplishments and benefits to date include: Championed by executive sponsors Belden and Schanzenbach and project manager Ash, the internal team continues to recommend and oversee BA learning programs and progress, as well as support the advancement of BA maturity.
New Survey from Krauthammer: Around 80% of businesses feel resistant to current difficult business climate
KRAUTHAMMER | London, UK 80% of international businesses feel relatively resistant when it comes to the worsening business climate. 55% will defend their investments in ‘behavioural development’ programmes in areas such as leadership, management and sales. On the downside, 20% say that they will cut their budgets. This and other findings are the results of a probe conducted by Krauthammer in late Autumn 2008. 34% of the respondents forecast a poor business climate for 2009. Around 20% believe they have “low resistance” to a difficult business climate and are planning to cut their behavioural development budgets in line with their predictions. However, over twice as many – 55% – feel resistant – and 42% even plan to raise development budgets. “The news is mixed. The most positive signal we can distill from our probe is that companies will prioritise initiatives with a real and measurable impact. So consultants that excel in sophisticated forms of body-shopping will probably be hit as hard as temporary personnel providers”, comments Ronald Meijers, Co-chairman of the Board of Krauthammer. *) body shopping typically implies filling temporary competence gaps rather than structurally improving a company’s performance. The respondents will defend training and coaching more vigorously than they will consulting. And as many CEOs admit their difficulties in predicting results for 2009, leadership training will be most defended – by 53% of respondents, followed by sales training (47%) and management training (42%). Crossfunctional training such as IT- and language skills will be least defended, the probe suggests. When it comes to coaching, too – leadership, management and sales coaching will be most defended. Overall, training seems less vulnerable than coaching – training will be cut by fewer numbers of people than its coaching equivalents. According to the probe, consulting budgets will be defended by around a third of businesses. Least popular, the probe suggests, will be consulting in “hard issues” such as strategies, operations and structures – only 19% of the respondents would defend it. A combination of “soft” and “hard” issues such as sales effectiveness will be most resilient of consulting propositions – 33% of respondents say they will protect budgets in this area. Nick Girling Senior Consultant, Office Leader UK, Krauthammer Tel: +44 20 8770 7200 Mobile: +44 7900 5648 79 E-mail: firstname.lastname@example.org Coaching, consulting and training company Krauthammer assists clients worldwide in successfully uniting permanent people development and sustainable business performance. It offers major change implementation and human capital development programmes at the individual, team and corporate levels optimising the personal effectiveness of leaders and managers, salespeople and negotiators, trainers, coaches, consultants and support staff. Established in 1971, Krauthammer International has 300 consultants and employees, delivering services in over 50 countries, in 15 languages. International consistency and the ongoing professional development of the consultants are ensured by four annual Krauthammer University sessions where every consultant spends between 2 and 3 weeks per year. www.krauthammer.com