Estimation Should Not Be Accurate Less Is More
I’ve spotted interesting psychological aspect in estimation process. Colleagues did not want precise estimation. They wanted smaller estimation.
For example, if you estimate 100M $ and realization fails to perform planed figures. It is 97M $. Your calculation included experience factor, seasonal correction and estimation formula
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Companies have many problems in defining and creating their own product/service portfolio. In addition, if product portfolio with many types of hierarchies is hard to define… why should be then implementation of product management be easy task for IT?
Continue reading What is the Product [...]
Business Model Calculations Based on Allocation Keys
Many times business analysts in lack of data from source systems create allocation keys and make estimations, reports, analysis or business cases. Many times allocation schemes are not set up properly and only show lack of knowledge of coordinators who calculate required cases. If the allocation schemes
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Sharing Key Performance Indicators
I was just passing by in restaurant, buying a coffee and then I’ve heard one very interesting conversation of two colleagues. They were commenting how corporation gathers thousands of KPI’s from daughter companies in controlling departments but none of the board management members except CFO can see more then 5 Key Performance
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Business Intelligence as separated set of solutions provides information and can create knowledge. Business Intelligence as standalone platform can not replace experts and provide shaped information and knowledge for strategic decisions. Management can use data from data warehouse and business intelligence tools but would not understand much from it. Controlling as standalone unit has one of the task to provide feedback data from company and one of the best place for proper feedback is definitely business intelligence. Controlling has to analyse, to interpret and to shape data for management needs. This is the connectivity and answer why is controlling important to be mentioned together with business intelligence.
Continue reading Controlling in Management Functions [...]
Are you going to listen to experts who never delivered materials for the board or supervision in huge companies? Have they ever delivered plans, reports, budget, business cases, comments. Were they ever on conference or video calls with board members to explain to defend presented materials and to explain what is wrong with figures? Well, in those situations you’ll see how business intelligence explanations from consultants and IT are not enough and how different kind of business intelligence knowledge is very important.
Continue reading Afraid of Business Intelligence Experts [...]
Excel loves controlling and controllers (comptrollers) adore Excel mostly due to its superb functionalities. It is love in both way, pure chemical reaction. Therefore Excel is very often used in Controlling processes like planning, reporting and forecasting, budgeting and many more. Yes Excel and Controlling are tightly connected and often wrongly percepted by management and by IT.
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Controllers generate many keys and this is perhaps best metaphor, key masters. Keys toward management view over business and keys to substitute information flow fails.
Continue reading Controlling importance and Key masters from controlling [...]
Controlling with specialised tools, knowledge of finance and business logic (at least in agregated form) is ideal place to make necessary knowledge mix, financial and non financial, that fully cover management view into company performance. Sometimes it is the main management monitor into company.
Continue reading There is no life beyond controlling [...]
In controlling department Excel is used to prepare and customize reports, presentations and ad hoc analysis according to management guidelines. Excel provides great functionalities too controllers and is essential tool in everyday work without alternative. On the other side business intelligence software is great in reporting, planning, workflow, consolidation, analysis, masterdata management and similar processes in controlling. Lack of integration between Excel and Business Intelligence software causes many everyday problems.
Continue reading Integrating Excel and Business Intelligence Software [...]