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Showing posts from January, 2022

What does lean portfolio management do for an organization?

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  To understand the benefits of this for an organization, firstly, we need to understand the traditional approach. In Traditional Approach: 1. People organized in function silos and temporary project teams. 2. Fund projects and project cost accounting. 3. Big up-front, top-down, annual planning and budgeting. 4. Centralized extensive work intake, project overload. 5. Overly detailed business cases based on speculative ROI. 6. Projects governed by phase gates; waterfall milestones, progress measured by task completion. In Lean-Agile Approach: 1. People organized value streams/ARTs; continuous value flow. 2. Fund value streams, Lean budgets and, guardrails. 3. Value stream budgets adjust dynamically; participatory budgeting. 4. Strategic demand managed by portfolio Kanban: decentralized intake by value streams and ARTs. 5. Lean business cases with MVP, business outcomes hypothesis, agile forecasting, and estimating. 6. Products and services governed by self-managing ARTs, objective m...

Have customers been satisfied with Microsoft Dynamics 365?

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  Microsoft Dynamics 365 is a cloud-based software platform with various sets of intelligent business applications like -  CRM  Customer Relationship Management and  ERP  Enterprises Resource Planning etc. It helps customers to run their business with predictive tools that are AI-driven. These tools give useful insights for their business to increase efficiency and productivity in the long term. Safe and Secure Customer Interactions  - All your data is safe with us and, there's no threat of data breaching. Microsoft Dynamics 365 comes with various predefined business applications which you can integrate according to your product and business type. Ensuring lasting relationships with customers  - The product and brand itself create a self of assurance. So, those people who opt for Microsoft Dynamics 365 assure quality and proper customer support. Actionable Insights  - By analyzing the data and the intelligence AI-driven technology, gives suggesti...

What is the importance of the enterprise management system?

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  Management plays a crucial role for an organization in terms of growth. Managing an enterprise is quite a complex process. This hurdle gives birth to the enterprise management system, commonly known as ERP (Enterprise Resource Planning ) system. Enterprise management systems provide a single platform where one can manage an organization from planning to execution of particular tasks. With the help of ERP, data can flow across the organization. Also, coordinates between different business processes like production, manufacturing, sales, logistics, and human resources. Why an Enterprise Management System is important? Communication -  Everyone understands the importance of communication and enterprise management systems enhance the way of expression and makes the interaction flow better. Reduces Cost -  Enterprise reduces the operational cost of an organization like hardware, software, and IT, support-staff, in a significant manner. Co-ordination -  Enterprise manage...

What is the difference between EPM and ERP?

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These are two enterprise management systems used by organizations, to leverage in terms of planning, reporting, and analytics. EPM and ERP are enterprises management systems but, you must be thinking, why two software? It is because EPM and ERP have different purposes to serve. EPM and ERP overlap each other so let's understand how they are different. ERP (Enterprise Resource Planning), optimized for the back-office transaction, processing, and operational process support. Generally, An ERP system manages manufacturing, finance, services, supply chain. When an organization is growing and expanding, it faces new challenges. So to deal with new complexities, an upgrade is required for an organization. For this, EPM (Enterprise Performance System) came into the picture. An EPM system uses tools to monitor, analyze and control the performance of the business, especially in terms of evaluating and allocating resources. EPM, used by CFO (Chief Financial Officer) and finance department fo...

What is Microsoft Azure used for?

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  Microsoft Azure, also known as Windows Azure, provides cloud computing service as a part of Microsoft Company. With the help of cloud computing, companies can now store their data without maintaining an IT infrastructure and big data centers. Companies can rent cloud space by paying as per their requirement and choosing the right plan for their business. Not only this. Microsoft Azure provides features like virtual machines, a set of software, etc. Microsoft Azure has more than 500+ cloud services and supports various operating system types, databases, etc. Some of the Microsoft Azure Services : 1. Azure Application Services: With the help of the various Azure specialties, it is possible to develop, deploy and maintain applications on the Azure platform. It consists of services like Azure AI, Azure IoT, and Azure Analytics. These can be used according to their feature and the task you want to accomplish. 2. Azure Data Services: To store your bulk data, you don't need to build a d...

What are the benefits that Microsoft Dynamics 365 has?

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  Microsoft Dynamics 365 is a cloud-based CRM Customer Relationship Management and ERP Enterprises Resource Planning capabilities in one that comes with various sets of tools. 1. Improved Efficiency and Productivity With the help of Dynamics 365, it is possible to get any data at your fingertips by cutting down your search time. With the help of insights, it becomes easy to take those decisions smartly. 2. Fully Integrates With Microsoft Products Dynamics 365 allows easy integration with other products of Microsoft like Microsoft Office, Power BI, and Data Analytics. It provides ease of works to move between apps by saving time. 3. Customizable It allows customization. So, according to the need, you can customize, based on department basis in your office, and gives access to them, One Software tool for all your needs. 4. Scalability According to the size of your team, your budget, and the workload, you can choose the best-suited plans. If you want, you can also upgrade plans accord...