Operations Managers – Use Project Management Principals for an Easier Life!

Day-to-day operations management in a number of industries, but especially construction, is becoming more specialised and less forgiving. Managing a small or medium sized construction company efficiently now requires not just an in-depth knowledge of building and business but also needs a structured process. This will mean the organisation can gain the most out of its available resources and can ensure that the customer is kept happy by the achievement of deadlines to the cost and quality levels agreed. As such this work is less like managing an organisation’s operations and is more closely related to project or contract management. There is much that Project Management techniques can bring to construction firms, not only to manage their individual sites, but to manage their on-going day-to-day operations as a linked portfolio of activity being undertaken.In the current economic climate, managing operations so that they are ultra-efficient will provide real economic benefit and improve customer service. This can be done by;• Sequencing the use of directly employed and sub contracted resources not only on a single contract but across the portfolio of sites being undertaken, can mean better continuity of work, less down time and less time sourcing contractors.• Managing equipment on a portfolio basis which will give competitive advantage and improve customer satisfaction as there will be less time when equipment is in the wrong place or is being maintained when it is expected on site.• Finally the integration of leave and training into the portfolio of projects will also help to ensure that everyone is on site that is required, when they are needed.For these reasons it is suggested that the integration of operations management across the breadth of activities being undertaken, as a portfolio of projects or contracts, with the use of project management techniques to give maximum efficiency and minimal waste will be an increasing theme across construction. Conversely the management of operations by reacting to situations and ‘fire fighting’ using quick decision making based on experience will become less frequent. This shift will improve the distance ahead that construction operations managers will be thinking and will enable the adoption of other techniques from industries who benefit from a more stable operational environment.This longer term planning can bring a number of benefits including;• Improved communication with customers
• Identification of over or under utilisation of people and equipment
• Direction of the sales effort well in advance
• Greater collaboration across the business and improved alignment to your aims
• The ability to up skill or train before the capability is required and to do this when most efficient
• Illustrate when there is insufficient resources allowing for the employment of the correct individuals or purchase of the correct equipmentThis shift can be supported by the generic Project Management software currently on the market for managing individual projects, however, there are only a few systems that can support a portfolio of operations. It is likely that these will become more common place and will become increasingly specialised to particular industries and sectors.So if you are an operations manager who finds themselves always working only a few days or hours ahead, do yourself a favour, plan further into the future with a suitable tool and give yourself an easier life.

Are You Choosing the Right Stock Market Advisory Company

What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.

If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:

How much assistance do you actually require?

Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.

Choose a top ranked advisory company

It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.

Asking for a sample financial plan initially makes sense

When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.

Conclusion

The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.

Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.

Fear and Greed in the Market

Greed and Fear.

Two Emotions that play a bigger factor in the success or failure of humans than any other emotion we experience. Both fear and greed refer to an intrinsic emotional state. Tens of Millions of dollars have been made and lost based on these 2 emotions alone. In trading, in business and in relationships. So why do so many educational courses, stock trading books and online courses avoid this topic all together?

Perhaps they are not avoiding the topic of emotions, Perhaps by teaching certain methods and skill sets to their readers they are in fact dealing with the emotional side of trading head on!

It is well known that emotions create a certain amount of pleasure or displeasure. It is also known that emotions are networked with mood, frame of mind, desires and passions. The list goes on… So how do we as individuals develop a skill set to navigate these emotions in business in trading and in life?

Charles Darwin argued that emotions actually served a purpose for humans and rightfully so, If our emotions have been evolving for over 2 million years. Should we not be using these amazing skills to our advantage rather than placing blame on them for poor decision making? It is my belief the poor decision making has nothing to do with emotions and everything to do with laziness and lack of planning.

A Lesson From One of the Greats!

I would be doing my readers a disservice if we did not mention the strategy of Warren Buffett. One of the most successful investors of our time. Warren Buffet stuck to his strategy and profited greatly. Warren Buffett showed us just how important and beneficial it is to stick to a plan. When deciding whether or not to invest in a company himself, Buffett and his partners follow a few simple guidelines, one of which involves trying to determine the company’s longevity.

As the market becomes overwhelmed with greed, the same can happen with fear. When stocks suffer large losses for a sustained period of time, the overall market can become more fearful of sustaining even further losses. But being too fearful can be a grave mistake. It is precisely at this time successful investors and traders alike make their move. This is where the real money is made.

Just as greed dominated the recent Cryptocurrency boom or fear dominates the headlines on potential trade war outcomes, investors quickly move around from one “secure” investment to another. It becomes a constant game of cat and mouse.

This flooding in of money to the stock market shows a complete disregard for many technical indicators that continue to scream a correction is inescapable. Retail Investors seem overjoyed with the flooding in of headlines that read ALL TIME HIGH. Should retail investors be overrun by fear of a major correction?. Granted, losing a large portion of your retirement portfolio’s worth is a tough pill to swallow, but even harder to digest is the possibility of missing out on the massive gains the market is currently offering investors of all experience levels.

Having a clear understanding of my own personal goals, a understanding of my success and creating a list of my OWN wants and needs rather than taking dreams of others and trying to reach them has been a colossal factor in putting out the greed flame in my own trading and daily decision-making.

I have also added a link of “Must Read” Books that have been advantageous in my journey of reigning in my emotions on decision-making. I will update this as I see fit..

One method I have found to be helpful is to be careful on how I measure success, wealth, goals and most importantly happiness. It is far to easy these days to allow outside influences affect our happiness and success. Social media blasts us day in and day out with the success of others.