Difference between revisions of "Concept Management Quarter"

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[[Chief Execution Quarter]] (hereinafter, the ''Quarter'') is the first of four lectures of [[Operations Quadrivium]] (hereinafter, the ''Quadrivium''):
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[[Concept Management Quarter]] (hereinafter, the ''Quarter'') is a lecture introducing the learners to [[portfolio planning]] primarily through key topics related to [[change management]]. The ''Quarter'' is the last of four lectures of [[Portfolio Quadrivium]], which is the first of seven modules of '''[[Septem Artes Administrativi]]''' (hereinafter, the ''Course''). The ''Course'' is designed to introduce the learners to general concepts in [[business administration]], [[management]], and [[organizational behavior]].
*The ''Quarter'' is designed to introduce its learners to [[enterprise discovery]], or, in other words, to concepts related to obtaining data needed to administer the [[enterprise effort]]; and
 
*The ''Quadrivium'' examines concepts of administering various types of enterprises known as [[enterprise administration]] as a whole.
 
 
 
The ''Quadrivium'' is the first of seven modules of [[Septem Artes Administrativi]], which is a course designed to introduce its learners to general concepts in [[business administration]], [[management]], and [[organizational behavior]].
 
  
  
 
==Outline==
 
==Outline==
''The predecessor lecture is [[Business Modeling Quarter]].''
+
''[[Enterprise Architecture Quarter]] is the predecessor lecture. In the [[enterprise envisioning]] series, the previous lecture is [[Organizational Culture Quarter]].''
 
+
:[[Portfolio management]] is the [[enterprise planning]] of the [[enterprise portfolio]]. This lecture concentrates on [[iterative development]] because this ''development'' is the main technique to do that.  
===Recitals===
 
:[[Strategy implementation]] is the [[enterprise effort]] undertaken in order to implement the [[strategy]] designed during [[strategy design]]. The ''implementation'' can be divided in four batches:
 
#To discover the new [[strategy]] designed during [[strategy design]];
 
#To analyze what new [[project]]s are needed to be launched and/or existing [[operations]] are needed to be maintained in order to implement the designed strategy;
 
#To create the [[strategic plan]] that shall set up goals for every part of the enterprise and budgets available to support their endeavors;
 
#To make sure that the created [[strategic plan]] is implemented to the best of its potential and results of that implementation serve as the [[input]] for [[strategy discovery]] of the new [[DADI]] cycle.
 
  
 
===Concepts===
 
===Concepts===
#'''[[Strategic plan]]'''. A [[plan]] that applies to the entire enterprise, formalizes its [[enterprise portfolio]], and establishes the enterprise's overall goals. This ''plan'' also defines its [[business model]]s and may or may not include related [[competitive strategy|competitive strategi]]es.
+
#'''[[Concept management]]'''. Handling of [[concept]]s.
#*[[Strategy]]. The plan for how the organization will do what it's in business to do, how it will compete successfully, and how it will attract and satisfy its customers in order to achieve its goals.
+
#*[[Records management]].
#*[[Strategic flexibility]]. The ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision was a mistake.
+
#*[[Idea management]]. Handling of [[change idea]]s.
 
#'''[[Enterprise goal]]'''. A desired [[enterprise outcome|outcome]] towards which the [[enterprise effort]] is directed.
 
#'''[[Enterprise goal]]'''. A desired [[enterprise outcome|outcome]] towards which the [[enterprise effort]] is directed.
 
#*[[Goal]] (objective). Desired outcome or target.
 
#*[[Goal]] (objective). Desired outcome or target.
 
#*[[Real goal]]. A [[goal]] that an organization actually pursues, as defined by the actions of its members.
 
#*[[Real goal]]. A [[goal]] that an organization actually pursues, as defined by the actions of its members.
 +
#*[[Means-end chain]]. An integrated network of goals in which the accomplishment of goals at one level serves as the means for achieving the goals, or ends, at the next level.
 
#*[[Stated goal]]. An official statement of what an organization says, and what it wants its various stakeholders to believe, its goals are.
 
#*[[Stated goal]]. An official statement of what an organization says, and what it wants its various stakeholders to believe, its goals are.
#*[[Means-end chain]]. An integrated network of goals in which the accomplishment of goals at one level serves as the means for achieving the goals, or ends, at the next level.
+
#'''[[Vision statement]]'''. A formal articulation of an organization's vision or mission.
#*[[Vision statement]]. A formal articulation of an organization's vision or mission.
+
#*[[Business goal]]. A state or condition the business must satisfy to reach its vision.
#*[[Business plan]]. A written document that interprets the [[strategic plan]] for [[enterprise stakeholder]]s, for instance, financial or governmental institutions with regard to a business opportunity and articulation of how the identified opportunity is to be seized and exploited.
+
#*[[Business policy]]. A business policy is a non-actionable directive that supports a business goal.
#'''[[Enterprise administration]]'''. Practice and a set of concepts, based on that practice, that define culture of administering all [[enterprise effort]]s from identifying [[opportunity|opportuniti]]es and up to getting of all [[enterprise output]]s.
+
#*[[Business rule]](s). A business rule is a specific, actionable, testable directive that is under the control of the business and supports a business policy.
 +
#*[[Business plan]]. A written document that interprets the [[strategic plan]] for [[enterprise stakeholder]]s, for instance, financial or governmental institutions with regard to a [[business opportunity]] and articulation of how the identified opportunity is to be seized and exploited.
 +
#'''[[Enterprise administration]]'''. Practice and a set of concepts, based on that practice, that define culture of administering all [[enterprise effort]]s from identifying [[business opportunity|business opportuniti]]es and up to getting of all [[enterprise outcome]]s and/or achieving [[enterprise impact]]s.
 
#*[[Administration]]. The process or activity of running a business, organization, etc. or the officials who executive that process or activity.
 
#*[[Administration]]. The process or activity of running a business, organization, etc. or the officials who executive that process or activity.
 
#*[[Management]]. The process or activity of dealing with or controlling things or people.
 
#*[[Management]]. The process or activity of dealing with or controlling things or people.
#'''[[Strategic management]]'''. What managers do to develop the organization's strategies.
+
#'''[[Strategic management]]'''. What managers do to develop the enterprise's strategies, [[policy|polici]]es, and [[operative rule]]s.
#*[[Policy]]. A guideline for making decisions.
 
 
#*[[Enterprise objective]]. A measureable step taken in order to achieve the [[enterprise goal]].
 
#*[[Enterprise objective]]. A measureable step taken in order to achieve the [[enterprise goal]].
 +
#*[[Objective]]. A target or [[metric]] that an individual, group, and/or [[enterprise]] seeks to meet in order to progress towards a [[goal]].
 
#*[[Strategic management process]]. A six-step process that encompasses strategic planning, implementation, and evaluation.
 
#*[[Strategic management process]]. A six-step process that encompasses strategic planning, implementation, and evaluation.
#'''[[Knowledge management]]'''.
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#'''[[Enterprise result]]'''. Any [[enterprise output]], [[enterprise outcome|outcome]], [[enterprise benefit|benefit]], and/or [[enterprise drawback|drawback]] that effects somebody or something or may be perceived as effecting somebody or something.
#*[[Lessons learned]]. The learning gained from the process of performing the project. Lessons learned may be identified at any point.
+
#*[[Enterprise output]]. Any permanent or temporary, tangible or intangible output that is directly created during an [[enterprise effort]].  
#*[[Learning]]. Any relatively permanent change in behavior that occurs as a result of experience.
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#*[[Enterprise outcome]]. All consequences of the change derived from using the [[enterprise output]]s.
#*[[Knowledge]].
+
#*[[Enterprise benefit]]. The measurable improvement resulting from an [[enterprise administration]] that is perceived or may be perceived as an advantage by one or more stakeholders.
#*[[Idea management]].
+
#*[[Enterprise drawback]]. The measurable improvement resulting from an [[enterprise administration]] that is perceived or may be perceived as an disadvantage by one or more stakeholders.
#'''[[Value chain management]]'''. The process of managing the sequence of activities and information along the entire value chain.
+
#*[[Business report]]. An account given of a particular business matter, especially in the form of an official document, after thorough investigation or consideration by an appointed person or body.
#*[[Business development]]'''.  
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#*[[Progress report]]. An account given of state of a [[project]], [[operations]], or other [[enterprise effort]].
#'''[[Performance management]]'''.
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#'''[[Planning]]'''. [[Management function]] and [[administrative process]] that involves defining goals, setting objectives based on those goals, establishing strategies for achieving those objectives, and developing plans in order to integrate and coordinate those activities that would implement the strategies.<blockquote><table class="wikitable" width=100% style="text-align:center;"><tr><td rowspan="2">Breath of plan</td><th rowspan="2">[[Portfolio]]</th><th colspan="3">[[Project]]</th><th rowspan="2">[[Operations]]</th></tr><tr><th>[[market exchangeable]]</th><th>[[Solution]]</th><th>[[Procurement]]</th></tr><tr><th>Time frame</th><td colspan="2">[[Long-term plan]]</td><td>[[Short-term plan]]</td><td colspan="3">Vary</td></tr><tr><th>Specificity</th><td colspan="2">[[Directional plan]]</td><td>Vary</td><td colspan="2">[[Specific plan]]</td></tr><tr><th>Frequency of use</th><td colspan="4">[[Single-use plan]]</td><td>[[Standing plan]]</td></tr></table></blockquote>
#*[[Performance]]. The end result of an activity.
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#*[[Sprint plan]]. The tangible outcome of a [[Sprint planning meeting]]. The [[Sprint plan]] is a written document assembled by the development team and includes 1) the goal for the sprint—a brief description of the product or deliverable to be completed by the end of the sprint, and 2) a detailed list of the [[product backlog item]]s ([[product backlog item|PBI]]s) or [[user story|user stori]]es the team has committed to completing by the end of the [[sprint]], based on the team’s availability and velocity. Each [[product backlog item|PBI]] or [[user story]] is broken down into tasks according to the priority set by the [[product owner]] and assigned to a team member.  
#*[[Incremental budgeting]]. Process starting with the current budget from which managers decide whether they need additional resources and the justification for requesting it.
+
#*[[Specific plan]]. A [[plan]] that is clearly defined and leaves no room for interpretation.
#*[[Balanced scorecard]]. A performance measurement tool that looks as more than just the financial perspective.
+
#*[[Standing plan]]. An ongoing [[plan]] that provides guidance for activities performed repeatedly.
#'''[[Compliance management]]'''.
+
#*[[Short-term plan]]. A [[plan]] covering one year or less.
#'''[[Entrepreneurial venture]]'''. An organization that pursues opportunities, and characterized by innovative practices, and have growth and profitability as their main goals.
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#*[[Single-use plan]]. A one-time [[plan]] specifically designed to meet the needs of a unique situation.
#*[[Self-employment]]. Individuals who work for profit or fees in their own business, profession, trade, or farm.
+
#*[[Directional plan]]. A [[plan]] that is flexible and sets out general guidelines.
#*[[Licensing]]. An organization gives another organization the right to make or sell its products using its technology or product specifications.
+
#*[[Formal planning department]]. A group of planning specialists whose sole responsibility is helping to write organizational plans.
#*[[Franchising]]. An organization gives another organization the right to use its name and operating methods.
+
#*[[Long-term plan]]. A [[plan]] with a time frame beyond three years.
#*[[Strategic alliance]]. A partnership between an organization and foreign company partner(s) in which both share resources and knowledge in developing new products or building production facilities.
+
#*[[Release plan]]. The [[plan]] that outlines the features to be included in an upcoming release and provides an estimated date for the release. The plan should include responsibilities, resources, and activities  required to complete the release.
#*[[Joint venture]]. A specific type of [[strategic alliance]] in which the partners agree to form a separate, independent organization for some business purpose.
+
#'''[[Procurement plan]]'''.
#'''[[Corporate social responsibility]]'''. An organization's self-regulated actions to benefit society or the environment beyond what is required by law.
+
#*[[Commercial off-the-shelf software]] ([[COTS software]]). Software developed and sold for a particular market.
 +
#*[[Make or buy]] (or [[build vs buy]]). The act of choosing between manufacturing a product in-house or purchasing it from an external supplier.
 +
#*[[Total cost of ownership]].  
 +
#'''[[Risk management]]'''. A process of identifying what can go wrong and making plans that will enable a system to achieve its goals.
 +
#*[[Risk response plan]]. A document detailing identified risks, including description, cause, probability of occurring, impact(s) on objectives, proposed responses, owners, and current status. The proposed responses may utilize [[risk-response technique]]s such as [[risk avoidance|avoidance]], [[risk mitigation|avoidance]], [[risk transference|avoidance]], and [[risk acceptance|acceptance]] that are designed to enhance opportunities and reduce threats to the project's objectives. The tools include .
 +
#*[[Contingency planning]]. The development of a management plan that identifies alternative strategies to be used to ensure project success if specified risk events occur.
 +
#*[[Workaround]]. A response to a negative risk event. Distinguished from contingency plan in that a workaround is not planned in advance of the occurrence of the risk event.
 +
#'''[[Knowledge management]]'''. Handling of [[enterprise information]].
 +
#*[[File:Knowledge.png|400px|thumb|right|[[Knowledge]]]][[Knowledge]]. (1) Facts, information, and skills acquired by a [[legal entity]] through experience or [[learning]]; (2) The theoretical or practical understanding of a subject; (3) Awareness or familiarity gained by experience of a fact or situation.
 +
#*[[Strategic flexibility]]. The ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision was a mistake.
 +
#'''[[Continuous improvement]]'''. A process of improving quality and efficiency by making small, incremental changes over time. In Kanban, continuous improvement refers specifically to the process of optimizing workflow and reducing cycle time, resulting in increased productivity.
 +
#*[[Requirements management]]. The activities that control requirements development, including requirements change control, requirements attributes definition, and requirements traceability.
 +
#*[[Requirements risk mitigation strategy]]. An analysis of requirements-related risks that ranks risks and identifies actions to avoid or minimize those risks.
 +
#*[[Kaizen]]. In Japanese, the word means "improvement". This is the philosophy of continuous process improvement using analytical tools and methods.
 +
#*[[Paradox theory]]. The theory that the key paradox in [[enterprise administration]] is that there is no final status for an [[enterprise]].
  
 
===Roles===
 
===Roles===
 
#'''[[Top manager]]'''. A [[manager]] at or near the upper levels of the [[organizational structure]] who are responsible for making organization-wide decisions and establishing the goals and plans that affect the entire [[organization]].
 
#'''[[Top manager]]'''. A [[manager]] at or near the upper levels of the [[organizational structure]] who are responsible for making organization-wide decisions and establishing the goals and plans that affect the entire [[organization]].
 +
#*[[Chief executive]]. An individual who determines and formulates policies and provides overall direction of [[enterprise]]s within guidelines set up by a [[board of directors]] or similar governing body. He or she plans, directs, or coordinates operational activities at the highest level of [[management]] with the help of subordinate executives and staff managers.
 +
#'''[[Board of directors]]'''. A group of influential individuals, elected by stockholders, chosen to over see the affairs of a company. A board typically includes investors and mentors. Not all startups have a board, but investors typically require a board seat in exchange for an investment in a company.
 +
#'''[[Document management specialist]]'''. A professional who implements and administers enterprise-wide [[document management system]]s and related procedures that allow enterprises to capture, store, retrieve, share, and destroy electronic records and documents.
  
 
===Methods===
 
===Methods===
#'''[[DADI]]''' (or [[DADI|DADI pattern]]). The enterprise development pattern that divides [[enterprise administration]] in four batches: [[Enterprise discovery|'''D'''iscovery]] (D), [[Enterprise analysis|'''A'''nalysis]] (A), [[Enterprise design|'''D'''esign]] (D), and [[Enterprise implementation|'''I'''mplementation]] (I). Although the batches tend to be both consecutive and complete, this statement is rarely true. Most frequently, [[Enterprise discovery|'''D'''iscovery]] can occur at any time and the newly discovered data re-starts the process.
+
#'''[[Management method]]'''.
 +
#*[[PDCA]] ([[Plan-Do-Check-Act Cycle]]). An iterative four-step management method created by W. Edwards Deming.
 +
#*[[OODA loop]].
 +
#[[File:Dadi.png|400px|thumb|right|[[DREPD]]]]'''[[DREPD]]''' (or [[DREPD|DREPD cycle]]). The enterprise development pattern that divides [[enterprise administration]] in four batches: [[Enterprise discovery|'''D'''iscovery]] (D), [[Enterprise research|'''R'''esearch]] (R), [[Enterprise envisioning|'''E'''nvisioning]] (E), and [[Enterprise planning|'''P'''lanning]] (P). Although the batches tend to be both consecutive and complete, this statement is rarely true. Most frequently, [[Enterprise discovery|'''D'''iscovery]] can occur at any time and the newly discovered data re-starts the process.
 +
#*[[Deductive DREPD]].
 +
#*[[Inductive DREPD]].
 +
#*[[File:Double-dadi.png|400px|thumb|right|[[Viable DREPD]]]][[Viable DREPD]]. A pattern that consists of both [[Deductive DREPD]] and [[Inductive DREPD]].
 +
#'''[[Collaborating, learning and adapting]]''' ([[Collaborating, learning and adapting|CLA]]). A method employed in [[adaptive management]] that suggests a specific sequence of designing, implementing, adapting, and evaluating programs conducted in [[uncertain environment]]s.
 +
#*[[Adaptive collaboration]]. Collaborating intentionally with stakeholders in order to extensively monitor the environment, to share knowledge, and to reduce duplication of effort.
 +
#*[[Adaptive monitoring]]. Systematic acquiring data of results and factors emerged in the environment, learning systematically by drawing on evidence from a variety of sources, and taking the time to reflect on implementation.
 +
#*[[Continuous adoption]]. Making quick adjustments to the newly-discovered factors based on applied learning.
 +
#'''[[Three-stage model of creativity]]'''. The proposition that [[creativity]] involves three stages: causes (creative potential and creative environment), [[creative behavior]], and creative outcomes ([[innovation]]).
  
 
===Instruments===
 
===Instruments===
#'''[[Legal entity]]'''. Any entity such as an legally-adult individual or a corporation to which the law grants property rights and responsibilities. Particularly, the rights include capacity to buy and sell, enter into agreements or contracts, assume obligations, incur and pay debts, sue and be sued, as well as be held responsible for its actions.
+
#'''[[Document management system]]'''.
#*[[Sole proprietorship]]. A form of legal organization in which the owner maintains sole and complete control over the business and is personally liable for business debts.
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#*[[Document management software]].
#*[[General partnership]]. A form of legal organization in which two or more business owners share the management and risk of the business.
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#'''[[Knowledge management system]]'''. Any system, tangible or software, that stores and retrieves knowledge, improves collaboration, locates knowledge sources, mines repositories for hidden knowledge, captures and uses knowledge, or in some other way enhances the [[knowledge management]] process.
#*[[Limited liability partnership]]. A form of legal organization in which consisting of general partner(s) and limited liability partner(s).
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#*[[MediaWiki]]. The most popular [[open-source]] [[wiki engine]] that runs on many [[website]]s, including [https://www.wikipedia.org Wikipedia] and this very website. This software is written in the [[PHP]] [[programming language]] and stores the contents into a [[database]].
#'''[[Corporation]]'''. A legal business entity that is separate from its owners and managers.
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#*[[Closely held corporation]]. A corporation owned by a limited number of people who do not trade the stock publicly.
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===Results===
#*[[Initial public offering]]. The first public registration and sale of a company's stock.
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#'''[[Strategic plan]]'''. A [[plan]] that applies to the entire enterprise, formalizes its [[enterprise portfolio]], and establishes the enterprise's overall goals. This ''plan'' also defines its [[business model]]s and may or may not include related [[competitive strategy|competitive strategi]]es.
#*[[S corporation]]. A specialized type of corporation that has the regular characteristics of a C corporation, but is unique in that the owners are taxed as a partnership as long as certain criteria are met.
+
#*[[Strategy]]. A plan of action and/or [[policy]] designed to achieve a major or overall aim.
#*[[Global company]]. A [[multinational corporation]] that centralizes management and other decisions in the home country.
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#*[[Commitment concept]]. Plans should extend for enough to meet those commitments made when the plans were developed.
#*[[Foreign subsidiary]]. Directly investing in a foreign country by setting up a separate and independent production facility or office.
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#*[[Roadmap]]. A strategic plan to create a product or complete a project. A roadmap describes the individual steps required to meet a set of goals or objectives.
#*[[Multinational corporation]]. A broad term that refers to any and all types of international companies that maintain operations in multiple countries.
 
#*[[Multidomestic corporation]]. A [[multinational corporation]] that decentralizes management and other decisions to the local country.
 
#*[[Transnational organization]] (or borderless organization). A [[multinational corporation]] in which artificial geographical barriers are eliminated.
 
#'''[[Limited liability company]]'''. A form of legal organization that's a hybrid between a partnership and a corporation.
 
#*[[Operating agreement]]. The document that outlines the provisions governing the way a [[limited liability company]] will conduct business.
 
  
 
===Practices===
 
===Practices===
 +
*Some practitioners believe that [[business plan]]s have no value for the business itself.<blockquote>No business plan survives first contact with customers -- ''[[Steve Blank]], entrepreneur''</blockquote>Indeed, it is impossible or almost impossible to predict revenues with no historical data. Furthermore, every [[bank]] asks about a [[business plan]], but no real [[bank]] provides a business with external funding based on a [[business plan]] alone. Taking into consideration these observations, [[business plan]]s may be considered as documents that [[bank]]s need in order to report to the government and to use in their public relations that the banks support business. 
  
''The successor lecture is [[Data Gathering Quarter]].''
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''[[Validated Learning Quarter]] is the successor lecture. In the [[enterprise planning]] series, the next lecture is [[Project Management Quarter]].''
  
 
==Materials==
 
==Materials==
Line 89: Line 106:
  
 
==See also==
 
==See also==
 +
[[Category: Septem Artes Administrativi]][[Category: Lecture notes]]

Latest revision as of 16:30, 5 May 2023

Concept Management Quarter (hereinafter, the Quarter) is a lecture introducing the learners to portfolio planning primarily through key topics related to change management. The Quarter is the last of four lectures of Portfolio Quadrivium, which is the first of seven modules of Septem Artes Administrativi (hereinafter, the Course). The Course is designed to introduce the learners to general concepts in business administration, management, and organizational behavior.


Outline

Enterprise Architecture Quarter is the predecessor lecture. In the enterprise envisioning series, the previous lecture is Organizational Culture Quarter.

Portfolio management is the enterprise planning of the enterprise portfolio. This lecture concentrates on iterative development because this development is the main technique to do that.

Concepts

  1. Concept management. Handling of concepts.
  2. Enterprise goal. A desired outcome towards which the enterprise effort is directed.
    • Goal (objective). Desired outcome or target.
    • Real goal. A goal that an organization actually pursues, as defined by the actions of its members.
    • Means-end chain. An integrated network of goals in which the accomplishment of goals at one level serves as the means for achieving the goals, or ends, at the next level.
    • Stated goal. An official statement of what an organization says, and what it wants its various stakeholders to believe, its goals are.
  3. Vision statement. A formal articulation of an organization's vision or mission.
    • Business goal. A state or condition the business must satisfy to reach its vision.
    • Business policy. A business policy is a non-actionable directive that supports a business goal.
    • Business rule(s). A business rule is a specific, actionable, testable directive that is under the control of the business and supports a business policy.
    • Business plan. A written document that interprets the strategic plan for enterprise stakeholders, for instance, financial or governmental institutions with regard to a business opportunity and articulation of how the identified opportunity is to be seized and exploited.
  4. Enterprise administration. Practice and a set of concepts, based on that practice, that define culture of administering all enterprise efforts from identifying business opportunities and up to getting of all enterprise outcomes and/or achieving enterprise impacts.
    • Administration. The process or activity of running a business, organization, etc. or the officials who executive that process or activity.
    • Management. The process or activity of dealing with or controlling things or people.
  5. Strategic management. What managers do to develop the enterprise's strategies, policies, and operative rules.
  6. Enterprise result. Any enterprise output, outcome, benefit, and/or drawback that effects somebody or something or may be perceived as effecting somebody or something.
  7. Planning. Management function and administrative process that involves defining goals, setting objectives based on those goals, establishing strategies for achieving those objectives, and developing plans in order to integrate and coordinate those activities that would implement the strategies.
    Breath of planPortfolioProjectOperations
    market exchangeableSolutionProcurement
    Time frameLong-term planShort-term planVary
    SpecificityDirectional planVarySpecific plan
    Frequency of useSingle-use planStanding plan
    • Sprint plan. The tangible outcome of a Sprint planning meeting. The Sprint plan is a written document assembled by the development team and includes 1) the goal for the sprint—a brief description of the product or deliverable to be completed by the end of the sprint, and 2) a detailed list of the product backlog items (PBIs) or user stories the team has committed to completing by the end of the sprint, based on the team’s availability and velocity. Each PBI or user story is broken down into tasks according to the priority set by the product owner and assigned to a team member.
    • Specific plan. A plan that is clearly defined and leaves no room for interpretation.
    • Standing plan. An ongoing plan that provides guidance for activities performed repeatedly.
    • Short-term plan. A plan covering one year or less.
    • Single-use plan. A one-time plan specifically designed to meet the needs of a unique situation.
    • Directional plan. A plan that is flexible and sets out general guidelines.
    • Formal planning department. A group of planning specialists whose sole responsibility is helping to write organizational plans.
    • Long-term plan. A plan with a time frame beyond three years.
    • Release plan. The plan that outlines the features to be included in an upcoming release and provides an estimated date for the release. The plan should include responsibilities, resources, and activities required to complete the release.
  8. Procurement plan.
  9. Risk management. A process of identifying what can go wrong and making plans that will enable a system to achieve its goals.
    • Risk response plan. A document detailing identified risks, including description, cause, probability of occurring, impact(s) on objectives, proposed responses, owners, and current status. The proposed responses may utilize risk-response techniques such as avoidance, avoidance, avoidance, and acceptance that are designed to enhance opportunities and reduce threats to the project's objectives. The tools include .
    • Contingency planning. The development of a management plan that identifies alternative strategies to be used to ensure project success if specified risk events occur.
    • Workaround. A response to a negative risk event. Distinguished from contingency plan in that a workaround is not planned in advance of the occurrence of the risk event.
  10. Knowledge management. Handling of enterprise information.
    • Knowledge. (1) Facts, information, and skills acquired by a legal entity through experience or learning; (2) The theoretical or practical understanding of a subject; (3) Awareness or familiarity gained by experience of a fact or situation.
    • Strategic flexibility. The ability to recognize major external changes, to quickly commit resources, and to recognize when a strategic decision was a mistake.
  11. Continuous improvement. A process of improving quality and efficiency by making small, incremental changes over time. In Kanban, continuous improvement refers specifically to the process of optimizing workflow and reducing cycle time, resulting in increased productivity.
    • Requirements management. The activities that control requirements development, including requirements change control, requirements attributes definition, and requirements traceability.
    • Requirements risk mitigation strategy. An analysis of requirements-related risks that ranks risks and identifies actions to avoid or minimize those risks.
    • Kaizen. In Japanese, the word means "improvement". This is the philosophy of continuous process improvement using analytical tools and methods.
    • Paradox theory. The theory that the key paradox in enterprise administration is that there is no final status for an enterprise.

Roles

  1. Top manager. A manager at or near the upper levels of the organizational structure who are responsible for making organization-wide decisions and establishing the goals and plans that affect the entire organization.
    • Chief executive. An individual who determines and formulates policies and provides overall direction of enterprises within guidelines set up by a board of directors or similar governing body. He or she plans, directs, or coordinates operational activities at the highest level of management with the help of subordinate executives and staff managers.
  2. Board of directors. A group of influential individuals, elected by stockholders, chosen to over see the affairs of a company. A board typically includes investors and mentors. Not all startups have a board, but investors typically require a board seat in exchange for an investment in a company.
  3. Document management specialist. A professional who implements and administers enterprise-wide document management systems and related procedures that allow enterprises to capture, store, retrieve, share, and destroy electronic records and documents.

Methods

  1. Management method.
  2. DREPD (or DREPD cycle). The enterprise development pattern that divides enterprise administration in four batches: Discovery (D), Research (R), Envisioning (E), and Planning (P). Although the batches tend to be both consecutive and complete, this statement is rarely true. Most frequently, Discovery can occur at any time and the newly discovered data re-starts the process.
  3. Collaborating, learning and adapting (CLA). A method employed in adaptive management that suggests a specific sequence of designing, implementing, adapting, and evaluating programs conducted in uncertain environments.
    • Adaptive collaboration. Collaborating intentionally with stakeholders in order to extensively monitor the environment, to share knowledge, and to reduce duplication of effort.
    • Adaptive monitoring. Systematic acquiring data of results and factors emerged in the environment, learning systematically by drawing on evidence from a variety of sources, and taking the time to reflect on implementation.
    • Continuous adoption. Making quick adjustments to the newly-discovered factors based on applied learning.
  4. Three-stage model of creativity. The proposition that creativity involves three stages: causes (creative potential and creative environment), creative behavior, and creative outcomes (innovation).

Instruments

  1. Document management system.
  2. Knowledge management system. Any system, tangible or software, that stores and retrieves knowledge, improves collaboration, locates knowledge sources, mines repositories for hidden knowledge, captures and uses knowledge, or in some other way enhances the knowledge management process.

Results

  1. Strategic plan. A plan that applies to the entire enterprise, formalizes its enterprise portfolio, and establishes the enterprise's overall goals. This plan also defines its business models and may or may not include related competitive strategies.
    • Strategy. A plan of action and/or policy designed to achieve a major or overall aim.
    • Commitment concept. Plans should extend for enough to meet those commitments made when the plans were developed.
    • Roadmap. A strategic plan to create a product or complete a project. A roadmap describes the individual steps required to meet a set of goals or objectives.

Practices

  • Some practitioners believe that business plans have no value for the business itself.

    No business plan survives first contact with customers -- Steve Blank, entrepreneur

    Indeed, it is impossible or almost impossible to predict revenues with no historical data. Furthermore, every bank asks about a business plan, but no real bank provides a business with external funding based on a business plan alone. Taking into consideration these observations, business plans may be considered as documents that banks need in order to report to the government and to use in their public relations that the banks support business.

Validated Learning Quarter is the successor lecture. In the enterprise planning series, the next lecture is Project Management Quarter.

Materials

Recorded audio

Recorded video

Live sessions

Texts and graphics

See also