Alex Osterwalder the Business Model Alchemist

I  have been a fan of Alex Osterwalder since i started to read his business model alchemist blog, having used the Business Model Canvas in several projects and most recently as a tool in Claimbase it has great merit. Its worth watching this video to get an understanding of Alex Osterwalder thinking and see if it fits with your current process and tool kit.



Using Rewards to Motivate Staff

Over the last few months I have been dealing with issues on how to motivate staff and found this really interesting talk from TED by Dan Pink (who happens to be Al Gore’s speech writer). He touches on practices such as Result only Work Environments definitely food for thought.

Starting with a fact that social scientists know but most managers don’t: Traditional rewards aren’t always as effective as we think

Why Critical Chain Project Management

Why Critical Chain Project Management CCPMWhy would I use Critical Chain Project Management?

If you are currently experiencing projects having problems with schedule, budget and scope along with the common event of people over committing through their own acceptance or by the plans of the project manager. If so then it is definitely worth looking at adopting Critical Chain Project Management (CCPM) as a way to speed up the projects and the assure their success.

TOC Theory of Constraints

Having read “The Goal” by Eliyahu M. Goldratt some time ago after an introduction to the book by Andrew Byers. I have used the theory to look at process, projects and companies with results that have shown the validity of the theory.

The system also has parallels with the concept of flow expressed by the likes of Roger Hamilton and many other current business thinkers. TOC has a simple five step process for application.

Basics of Risk Management

Basics of Risk ManagementBasic Risk Management is about understanding and managing the risks which exist in the project or operations you are monitoring and is outlined well in the quotation below.

“Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary”

Wikipedia 21st September 2009

Risk Management is the focus on things that will change the outcome of the project (I will discuss this in the setting of Project Management). From a purist viewpoint these results can have a positive or negative outcome on the project, in most cases it is only the negative elements that people focus on.

Using User Stories

User StoriesI have used user stories for some time to develop products and am currently using this process in developing several products it is good to be able to outline the process quickly. To do this I use a simple construct and process to help to in-bed this practice. I will quickly go through this process.

Feasibility Study TELOS

Feasibility Study OutlineThe Feasibility Study will help in the company understanding the projects viability by looking at several factors to gain a full picture of the project in the current environment. With this information an informed decision can be made on whether the project will go ahead or change in scope and time frame or be left until the situation changes.

Many Feasibility studies are based on TELOS which will cover most of the areas that are required to fully understand the projects viability.