Tutor profile: Matthew T.
Subject: Microsoft Excel
If I wanted to round Cell A1=1000.8493 to the nearest integer, what would the correct formula be?
A) =MROUND(A1,100) B) =MROUND(A1,10) C) =ROUND(A1,1) D) =ROUND(A1,0) ANSWER: D
Functional Business Objectives (Silos) are a thing of the past. Cross functional (Non-silo) business collaboration is the new norm in today business environment. Can you give one example of how having a functional (AKA Functional Silos) may have negative consequences on a team or project?
When there are functional silos on a team, each business function may have conflicting performance metrics with another business unit causing internal or inter-project conflict. i.e. If sales and marketing had a performance metric of revenue & product availability, they may want inventory to be very high. If Ops and Manufacturing have an incentive to keep warehousing space and changeover time down, they have an incentive to keep inventory low and level production with demand (Level Loading). Creating cross functional teams eliminates these conflicting objectives and mentalities.
As a business manager, understanding performance standards and implementing key performance indicators (KPI's) are crucial to success. How would you go about assessing what KPI's would be suitable for a project you have been assigned to manage?
Collaboration and cross functional objectives are key to project management success. Working closely with other key stakeholders to understand what their idea of success looks like and translating that into KPI's i.e. Working Capital on Hand, Excess and Obsolete Inventory, Days of Supply, etc is the fastest way to devise a dashboard or useful and actionable metrics and performance standards.
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