Management (development) systems are processes designed to improve decision-making and execution of investment initiatives by fostering better planning, collaboration and communication. Use of these guidelines will help the Team to select opportunities well and execute with excellence, therefore increasing the probability of business success.
What is the Purpose of a Management System?
To Improve Probability of Business Success. The ability to improve the probability of business success depends on the application of “positive” influence early in the project / turnaround life cycle.
Increase Influence & Decrease Investment
Followers of this blog have seen the chart above, this chart, however shows the influence time frame for TAR's and Projects. Influence is greatest in the beginning of any business initiative; staffing & expenditures are low. As time progress; the ability to influence a positive outcome decrease and expenditures increase.
How to Increase Influence?
Develop a Management Systems that;
- Establish organizational responsibilities for the Team
- Provide a basis of understanding for Team Members
- Improve the effectiveness of the Team's performance
- Provides guidelines and procedures for uniform preparation
- Serves as an Aid to the preparation to improve execution efficiency
A well developed Management System will improve Team influence by;
- Placing decision making to the front end of development
- Fostering communications & collaboration between Groups
- Improving decision making & execution
- Maximizing probability of success
- Reducing execution costs & timeframe
- Improving the availability of products for sale
