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X-ORIGINAL-URL:https://www.pmadvance.com.my/
X-WR-CALNAME:PM Advance Sdn Bhd - Project Management Training Malaysia
X-WR-CALDESC:PM Advance
X-WR-TIMEZONE:Asia/Kuala_Lumpur
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UID:MEC-752d25a1f8dbfb2d656bac3094bfb81c@pmadvance.com.my
DTSTART;TZID=Asia/Kuala_Lumpur:20191021T000000
DTEND;TZID=Asia/Kuala_Lumpur:20191024T000000
DTSTAMP:20211229T154043Z
RDATE;VALUE=PERIOD:
CREATED:20211229
LAST-MODIFIED:20211229
PRIORITY:5
SEQUENCE:0
TRANSP:OPAQUE
SUMMARY:Decision Making in Project Environment
DESCRIPTION:Introduction\nAs a leader in a project, your team and organization rely on you to have good judgement and make the right decision with the information you have. Good decisions are the product of strong critical thinking skills and thoughtful problem solving. And like all skills, you can learn, practice, and get better at them. In this course, the trainer will help you do just that.\nHe will show how to critically assess the source of information and how to determine the right approach to take. The trainer will also demonstrates strategies for approaching both simple and complex problems, and details taking your team through the entire life cycle of a challenging decision. He also imparts an understanding of common traps people fall into when solving problems, both individually and as a team. After this course, you’ll have the tools to approach your next problem more critically and solve it more effectively.\nPM Advance philosophy is to train and consult professionals not only based on theoretical knowledge, but also based on real-case scenarios and real experience. This will effectively impart the knowledge and the best practice skills to professionals in their daily work in respective industry. \n\nTraining Objectives\nUpon completion of this course, delegates will be able to:\n\nAcquire practices of financial decision-making approaches and models\nDemonstrate the ability to implement financial business strategy\nAcquire the various strategy to establish strategic financial strategy of the new normal era\nDevelop strategic blueprint that focus on short term and long-term financial strategy\nFamiliar with organizational politics and come out strategy to overcome it\nDevelop the process to manage financial risks\nAcquire the approaches to manage assets and other products\nDevelop strategic framework to manage suppliers effectively\nDevelop policies and procedures to manage people and resource strategically \n\nWho should Attend\n\nFunctional Leaders (C-levels, VPs, General Managers, Managers)\nCorporate strategy, PMO team members and Project Team Members\nPortfolio Managers, Program Managers and Project Managers.\nTeams or individuals tasked with developing a strategic plan for their organization Teams or individuals with balanced scorecard or KPI/Performance Measure development responsibility\nAny project stakeholders who involved in project management from small to medium size projects.\n\nTraining Outline:\nDay One\n\nPrinciples of Decision Making\n\nConcepts of decision models\nTypes of models\nStandard decision-making models\nDecision-making spectrum\nRAPID model\nWorkflow models\nSMART requirements\nBusiness process innovation\n\n\n\n\nData and Informed Decisions\n\nLewin’s force field analysis of support and opposition\nScenario analysis\nCharting possible futures\nCosts factors\nMapping stakeholders’ reactions\nLevel of stakeholder power\nLevel of stakeholder interest\nDealing with the politics of decisions\n\n\n\nDay Two\n\nRisk-Based Decision making\n\nElements of risk factors\nTypes of risk\nRisk impact/probability chart\nProbability and impact dimensions\nCreating the chart using excel\nDecision tree analysis\nDecision points\nChance points\nRisk based financial tools\nPrioritizing risk\nRisk response planning\n\n\nFinancial Decision for Decision Makers\n\nCost benefits analysis\nCosts and benefits\nApproaches to budgeting\nZero based budgeting\nLiquidity analysis\nAsset management and activity ratios\nMarket and valuation\nProfitability analysis\n\n\n\nDay Three\n\nFinancial Strategy\n\nProcesses assets and products\nPerformance measurement\nImportance of cash\nInventory management\nReducing receivables\nIncreasing payables\nBalancing debt and equity\n\n\n\n\nExternal Forces Strategies\n\nManaging suppliers\nManaging people\nThe effects of the economy\nDealing with competitors\nDealing with auditors\nLegislations\nTechnology and automation\n\n\n\n\n\n\n
URL:https://www.pmadvance.com.my/training/decision-making-in-project-environment/
CATEGORIES:Decision Making in Project Environment
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