May 2008
Monthly Archive
Travel Management30 May 2008 09:42 pm
Experience the Magnificent Hampton Court Palace
Hampton Court Palace is located to the south-west of the Capital, on the banks of the River Thames, surrounded by woodland & attractive grounds. Hampton Court Palace, Henry 8th’s wonderful water shore home is located in more than five-hundred acres of plants and private gardens.
Evoking the feeling of over four-hundred & fifty years of rituals, uniformed actors can be spotted within Henry 8th’s and King William 3rds wonderful own abodes. The views, sounds and disgusting odours of the attractive Tudor kitchens where royal occasions were prepared for Henry?s courtyard of over 600 individuals can also be viewed.
Hampton Court Palace has been separated into six separate routes or excursions. The Maze at Hampton Court Palace that is positioned on the Thames to the west of London City is probably the most cherished hedge maze on this earth.
Hampton Court palace has a fierce tradition and is allegedly controlled by lots of phantoms, including 2 of Henry eights past wives and a nursemaid to his kids. Hampton Court Palace custodians & personnel will be readily available to help visitors to their chosen state residence for a cava & canap?s reception. Uniformed personnel will broadcast the evening dinner & guests will be called to locate their seating for a marvellous two course dinner with top-quality fine wines.
Hampton Court Palace has 60 acres of ceremonial private gardens on top of the four-hundred acres of royal woodland. The palace private gardens go back to the 16th Century, when the first Privy Garden was put down between 1530 and fifteen-thirty eight for King Henry VIII. Discover Hampton Court London, one of the many wonders to visit in London.
What’s Wrong With You, Why Don’t You Understand Me?
Recently while waiting for our lunch to be served in a nearby restaurant, my husband Michael and I were discussing our son’s upcoming science fair project. Michael was describing the steps that my son should follow to complete the assignment. While Michael was going through this elaborate process, I diligently tried to follow what he was saying, but I sat there completely clueless. As I struggled to gain a better understanding of what he was talking about, my normally affable husband started to show distinct sings of irritation. His unspoken message was ‘what’s wrong with you, why don’t you understand me?” He then proceeded to draw his plan on a napkin in an effort to get his brilliant idea into my dense head. It worked. When Michael started to show me what he was describing, I was able to easily understand his ideas.
People often have problems when they communicate with each other. The communication process is very complex and there are many opportunities for breakdowns to occur. As a result, people can become frustrated, instructions are not carried out correctly, people get offended, and conflict can occur. You can minimize these problems and increase the odds that others will understand you by following these simple steps:
- Take responsibility for the communication - When we communicate with others it is very tempting to blame them for not understanding us. Surely we with our outstanding oratory skills cannot possible be at fault. The problem with this attitude is that it does not achieve our outcome of getting the other person to comprehend what we are trying to say. When we take responsibility for getting a message across to others it frees us to do whatever it takes to achieve that result.
- Check non-verbal feedback - When you speak to someone don’t assume that you are making yourself clear to the other person. Check for non-verbal feedback. People give us many clues as to whether or not they understand us. Do they look confused? Are they unusually quiet? When asked if they have any questions, do they answer with a hesitant no? These are all subtle signs that the individual is not sure of what you just said. Continue communicating until you see signs that your message has gotten through.
- Be flexible - When communicating with others, he/she who has the most flexibility wins. If you speak to someone and you can tell by the non-verbal cues that he has no idea what you are talking about, change the way you are communicating. That is what my husband did. When he realized I did not understand his words, he began drawing pictures. Keep changing your communication style until you find the one that works with that particular individual.
- Recognize that people understand information in different ways - People do not understand things in the same way. Some people understand things better when they see them, others when they hear them and others when they do or get a feeling about them. Several years ago, a life insurance salesman came in to meet with Tammi, one of my employees, to discuss insurance needs. He started to describe different insurance options and as he was doing so, Tammi’s eyes started to glaze over. I could tell that she had no clue what the salesman was saying. (He obviously wasn’t very good with non-verbal cues.) I told him that Tammi understands things better when they are written down. He replied that he would write things down later on in his presentation. (I guess flexibility wasn’t his strong point either.)
When he finally began to write things down, it was as if a light bulb had gone off in Tammi’s brain. Her eyes cleared up, she shook her head up and down at key point and it was obvious by her non-verbal feedback that she was beginning to understand the salesman’s presentation. Use non-verbal cues to determine if the person understands you. If not, try showing her what you mean or getting her emotionally involved in what you are saying.
- Don’t Make People Wrong - When we communicate with others the chances are very good that we will have to change strategies along the way. Don’t make people wrong because their communication style is different from yours (no what’s wrong with you attitude.) If you do, you will not only have to deal with communication problems but also conflict and negative feelings. Instead recognize that each person’s uniqueness adds color to the mosaic of life and do whatever you need to do to get your message across correctly.
While it isn’t possible to completely eliminate communication problems, by following these steps you can minimize misunderstandings, reduce frustrations, and achieve better outcomes. As for Michael, he’s learned to draw pictures for me when we talk and now I understand him just fine.
About The Author
Della Menechella is a speaker, author, and trainer who inspires people to achieve greater success from the inside out. She is a contributing author to Thriving in the Midst of Change and the author of the videotape The Twelve Commandments of Goal Setting. She can be reached at della@dellamenechella.com. Subscribe to free Peak Performance Pointers e-zine - send blank e-mail to mailto:subscribe@dellamenechella.com.
Barters + Auctions30 May 2008 05:38 am
When You Need Extra Cash Ebay Fits the Bill
We all have items in our closets and stuffed in drawers that we no longer have a use for. Some of us use our free time to manufacture craft items that we give to our friends and families for gifts, and still others of us buy candles and other items in bulk to sell to family and co workers for a little extra cash. Anyone with something that they no longer need or want to sell has options to help create a little more cash flow. EBay is an online community providing auction services for buyers and sellers of just about everything. The question remains, though, how to utilize this website in the best way to make the most money?
The first thing to consider is what you want to sell. Looking over your items, would it be better to sell them off one item at a time, or to sell a bulk lot at some discount from the individual cost of the items. Another thing to consider is if you want to use the buy it now option. This allows someone to pay a preset price for the item, if there have not been any other bids, and avoid the auction proceedings. If you have multiple items, do you want to spend the cost for multiple listings, or do a dutch auction, where there are multiple items that are sold for a set bid price? This allows multiple people to get the items from the same auction.
The next thing to look at is who is offering the same items that you are. Searching for items brings up a listing, and this allows you to see what type of descriptions and advertisements get the bids, and which ones do not work. This will allow you to make sure that your descriptions are written to make the most of the space available.
Looking into how many people are offering items similar to yours also helps when deciding how to market your items. Consideration needs to be made to starting bid range, how much the winning bids were, and how the items were offered. Looking into these things allows you to price your items low enough to get bids, but still high enough to prevent losing money.
Nicole Soltau
President and Founder
http://CreditUnionRate.com
The Leading Online Credit Union Directory
Gaming Houses Offering Up Games of Luck - A Word of Guidance
The struggle involved in going to a gaming room gives us plenty of reasons to give it up unless you have to. For this there’s no necessity for you to leave your familiar environment to have a go at online video poker or related games for the simple reason that you will do everything from your home office provided you own a computer and, obviously, a reliable internet connection. Though allowing for this, don’t hold your breath too soon because there are a fair number of guidelines and things which you will want to figure out in regards to online video poker or related games, all the more if you happen to be inexpert in this area.
Learn the strategies of the gaming casino pros at this site.
The first thing which your bright web plunger will make sure to check is an online video poker or related games webpage of the category that offers high winning odds. Make a point of establishing that the online video poker or related games webpage is inspected by a creditable auditor to verify their referenced casino games’ pay-out percentage regularly. Always ensure that the virtual poker webpage is verifiably licensed, e. g. by looking for the government operating permit on the casino site’s About page. If you can’t trace any government operating permit on your chosen virtual poker webpage, don’t ever attempt to place a wager at that place.
Furthermore, another bit of advice would be to gamble at the outset in petty amounts instead of disbursing big money on the fly. Check out the functionality of the virtual poker operation rather than running some grave injury– all the more money loss! Finally, here is another notable fact in regards to virtual card playing. It must be to always remember that gambling in online casinos should really be concerned with fun and less about making a buck. Wagering in an online casino is certainly no regular employment, on the contrary - it’s a pastime which is supposed to let you feel joyful and living fun. If you have kept to infos spelt out, you’re now at liberty to defer to the appeal of virtual poker! 
Investment Portal28 May 2008 01:05 pm
Stock Market Investing: Knowing When (and when not) to Sell
One of the greatest challenges of investing in stocks is developing a “sell discipline”. Some of the most adept investors struggle with the decision of when to sell.
First, recognize that there are no absolute formulas to tell us to sell at precisely the right time. Instead, we’ll need to consider a bundle of factors such as the investment’s characteristics, the broad economy, and your own needs, with an eye to market trends. The answer will come from some combination of these hard-to-quantify characteristics.
If you’ll need cash soon, for whatever reason, you should be more ready to sell, especially if a stock becomes less of a sure thing. Similarly, if the economy is weak, we might be more motivated to take profits (or even losses) in stocks which are sensitive to economic swings, while a strong economy might allow us to hold tight.
Most important, however, is the intrinsic value of the stock itself. A simple rule plays out here: buy when a stock is under-valued (when the stock sells for less than its intrinsic value), and sell when it is over-valued (priced above intrinsic value). The trick is measuring intrinsic value, which can be done many different ways. We’ll talk about measuring intrinsic value more at another time, but regardless of how we measure it, we had to have an idea of what the company was actually worth when we bought it. So, if we reach that target, we can start thinking about taking profits. It isn’t always necessary to sell out immediately, though. For a pure value stock, we should sell somewhere in that range, but if the company is expected to grow, we can wait longer and take advantage of that growth. Perhaps, as a rule of thumb, wait until the stock reaches a price double what we think it’s worth. Of course, this is a personal decision, too, and depends on how patient you are, and how much you have invested. At this point, the “easy money” has already been made.
Market Trends. It is our firm position that market trends alone should never lead to buying or selling a stock. However, if we’ve already decided to sell, trend indicators, used carefully, can enhance profits. For example, if a stock is in a solid uptrend that shows no signs of slowing, it may be profitable to wait for the stock to approach a short-term top before selling. Beware that you don’t hold too long. Better to sell early than late. Eventually the market will catch on to reality, so if your evaluation of the stock is right, the risk of holding on too long can be far greater than the small benefit from holding out for that extra dollar.
A few other errors to avoid:
Don’t avoid selling because you’re emotionally attached to a stock. Circumstances change over time. There’s no reason to beat yourself up over it. Just dump the loser and move on.
Don’t sell when panicked. Panic is an emotional response, and usually wells up when things aren’t going your way but you can’t tell why. Know why you want to act. Until you can make a judgment about why to sell, it’s probably best to hold on and wait out the fear.
Don’t sell when worried. In many ways, worry is similar to panic, if a bit milder. It is still an emotion, and one that should be controlled. Stocks are often said to “climb a wall of worry”, which means that they will ease upward through difficult times. When news is worrisome, but not devastating, the only remaining catalysts are good things, as all the bad news has probably already been factored in by selling among the worrywarts.
Don’t sell when bored. Just because a stock isn’t moving doesn’t mean it was a bad selection. It may just indicate that you’re smarter (and therefore earlier) than the market hordes. If you’re still convinced it was a good choice, hold firm and wait for everyone to catch on to your wisdom. Especially with value stocks, it can often take a year or longer before the mainstream recognizes a good stock, and that’s when the price will start moving. Patience is a virtue.
In the end, every selling decision is a personal one, and must balance out all the factors we’ve mentioned. The most important rule, of course, is to sell when it benefits YOU.
To send comments or to learn more about Scott Pearson’s Investment Management Services, visit http://www.valueview.net
Scott Pearson is an investment advisor, writer, editor, instructor, and business leader. As editor and publisher of Investor’s Value View, a national investment newsletter, he provides general money tips and investment advice to readers, and demonstrates a special knack for locating the up-and-coming stocks in the burgeoning high-tech industries. As President and Chief Investment Officer of Value View Financial Corp., he offers investment management services to a wide variety of clients.
Biz Ops28 May 2008 04:33 am
Affiliate Marketing :Home business home work is required
There is nothing wrong with learning as you go.Internet
Marketing is an ever changing medium,so what worked for your
home business last year or even last month may not give you the
same results now.You have to do your homework to keep up with
the many changes that are constantly thrown at you.
The key to a success home business in any field is your ability
to generate a mass amount of constant traffic for your
opportunities.And there must be a demand for the
information,products or services that your home business
opportunity provide.
When it come to traffic generation,you must be able to use all
available traffic resources to obtain your goal - a work from
home home business that produce a study income.
There are a lot of ways to market you business including Search
Engines E-mail marketing Article Distribution Ad Swaps / Links
at other sites Banner Advertising Signature Files
For sustained success and long term growth,you must build a
mailing list.You should grow your optin list as you educate
yourself and market your work at home business.
There is one traffic resource that is great for building a
opt-in list if you want to do the work and give away something
of value - a freebie.Most internet marketer shy away from this
traffic resource because you need a website to promote your
freebie and a autoresponder to collect the subscriber’s
information to growing your opt-in list.
All successful internet marketing campaigns (anyone & everyone
advertising online) require a plan and a resource for building
traffic. There is no other way around it. It’s essential! And it
must be ongoing![Home Business home work]
With all certainty, the most successful marketers, are
success-ful because of their traffic building
strategy.Also,their constant up-dating and improving on their
traffic resources.
Click Exchanges are ideal for optin list building and it also
FASTEST Growing Fr^ee advertising medium on the net today.A
great click exchange resource can be found here at
:http://www.traffichoopla.com/?4178.
Click Exchanges are a traffic resource for building traffic. And
it will help you to build traffic, including residual traffic,
in the most popular forms of “Free Internet Advertising.”
Do your Home Work Joe L.Golson Affiliate Marketing & Traffic
Solutions
Sports Infos28 May 2008 03:29 am
Ironman Triathlon, Your First One - Should You Have A Race Sponsor?
Having a race-sponsor for your first Ironman triathlon can seem like a pretty good idea. Taking part in an Ironman has become a pretty expensive affair these days and its always nice to have help along the way. Especially with things like expensive bike equipment, lodging, and travel expenses etc.
After all, you may only be required to wear their name on your race clothing. It seems like a small price to pay to have yourself a race-sponsor.
Few people realize the responsibility that seemingly comes along with wearing a sponsors name.
It can often become a trying proposition for many athletes.
I know because I’ve been in that situation. Its amazing the amount of extra pressure you can put on yourself by having a race-sponsor. It was always on the back of my mind that I had to do really well to justify any financial aid I had received.
Along with everything else there is to worry about during an Ironman, there was always this nagging feeling that I didn’t want to let my sponsor down. Not to mention that I didn’t want to fail and embarass myself by having to face my sponsor and tell him that I didn’t finish the race for some reason
Its quite amazing the things that go through your mind.
I really feel that a first time Ironman hopeful has enough to worry about. In hindsight, it makes sense to me now that having a race-sponsor for your first Ironman attempt is not a really great idea. The last thing you need is the added pressure of trying to justify having a sponsor.
My suggestion is to try and forego having a race-sponsor when attemping your first Ironman. See how it goes and if you decide down the road to continue on with an Ironman career, perhaps then, it would make more sense.
Whatever you decide, make sure you fully understand what you’re getting yourself into when you accept the responsibility of having a race-sponsor.
My name is Ray and I have a long career in endurance sports including 14 ironman triathlons. I have created a site full of training and racing tips that I hope will be helpful to first time Ironman triathletes.
The name of my site is “Ironstruck”.
The address is http://triathlon-ironman-myfirstironman-ironstruck.com
I’d like to hear from you if you are thinking of or already planning your first Ironman. My contact address is http://triathlon-ironman-myfirstironman-ironstruck.com/contact-me.html
Uncategorized28 May 2008 02:42 am
A Guide To Finding The Best Rare Coins
Coin collecting is not only fun to do but is also exciting. It can be something of a challenge to find that one rare coin to add to your collection. If you are not sure which coins are worth a lot or are very rare to find, then here is a guide which could help you identify them.
Gold coins circulation stopped during the early 1930s making them very rare and thus equally expensive. They make a good investment because gold is a commodity that should always retain its value to due its scarcity. For this reason, they are also a very good coin to invest in.
The Liberty Seated Dollar is another rare coin. They are very hard to find as they were last produced during the 19th century. The fact that nobody is really sure when exactly they went out of circulation is what makes them all the more rare and elusive.
The Twenty cents coins that were minted between 1875 to 1878 are very much worth looking out for. They resemble the quarters circulating today but are far more valuable and a great addition to any collection.
Minted from 1892 to 1915 the Barber half dollars are coins which are sought after by collectors who specialize on dates or type of coins. The trouble faced by them is finding Barber coins that are in good condition and if they do the sky is the limit in terms of their value.
The 1917 type One Standing Liberty Quarter is another coin very much in demand. It shows the exposed breast of Ms. Liberty and was only minted for 2 years. As you can imagine this coin caused a major uproar at the time and for this reason it was only in circulation for a year.
The market value of Mercury dimes is $50 a piece. Not so expensive as they have been produced a few times over the course of the 20th century but is never the less a coin that is also worth owning as it will no doubt go further up in value.
The Walking Liberty Half Dollar were only circulated for 4 years. It is one of the most appealing and beautiful coins for a collector to have in his or hers collection and is one of the rarest. Truly a great coin to adorn any highly prized collection.
Another rare coin is the Texas Commemorative Half Dollar. This is no surprise as only 150,000 of them were minted over 4 years. Only about two third of that number is available to purchase or trade which makes it one of the hardest to find.
The “creme de la creme” or “Rolls Royce” of coins is the $20 Saint Gaudens. Sold for the best part of 8 million dollars at auction it boasts a truly superb design and it is so sought after that its value has always remained the same even during the market recession periods of the early 1980s.
As you can see rare coins such as these are what every collector aspire to having in their collection. They are not only hard to find but when you do find them, the price for them will be almost prohibitive. But certainly if you do have the money to invest on these coins you will find it to be money very well invested. This is what makes coin collecting so challenging as one day you hope to trade your coins up to the point where you can afford these rare coins. And when you do you will certainly feel like all your passion and hard work has been all worth it.
James Ross is the web master of Collectible-coins.info a website totally dedicated to coins collecting. For more articles and information please find out more at http://collectible-coins.info
World Of Products27 May 2008 08:16 pm
Be Taught About the Growth of Televisions
Television or TV as we abridge it to is an international used tele-communications tool for delivering and receiving moving images & audio, or as we more regularly know it as, telly programmes. Commercially present since the nineteen thirty’s the telly set has turned into being a widely used domestic communications machine in homes & organisations, principally as a source of entertainment & gossip. From the beginning of the nineteen-seventies video recording on Video Cassette Recording tapes & later, digital playback devices such as DVD’s, have allowed the TV to be used to view taped sci-fi programmes & other channels.
TV’ products are made-up of multiple parts so a TV that is missing an internal tuner to get the broadcast signals is dubbed a monitor rather than a telly. As the future is now, TV’s have improved on somewhat and technology has advanced, TVs in recent times are put together to collect several TV broadcasts or video formats, similar to that of high definition TVs commonly referred to as HDTV. Early on when HDTV’s were initially on sale they were tremendously expensive, nevertheless, currently it is achievable to get hold of great valued TV’s from most places. For instance a thirty seven inch LCD television may possibly have at one time have cost you in cash one-thousand pounds it is these days doable to discover one up for a vast amount less than this, you will take in that a large number of LCD widescreens tellies have fallen a long way in price when reviewed to several years ago.
There are two varieties of TV’s these days, plasma and LCD both are tremendously similar however, very unrelated at the same time. Plasma is a sort of flat panel screen that you will generally only spot on large telly screens, which on the whole implies you will not notice plasma televisions in anything smaller than a thirty seven inch. Plasma displays in there elementary form are just gas drums. You then have LCD screens which you can discover in numerous different resolutions & they can what’s more be used as PC desktop VDUs. Find the best cheap digital flat screen TVs from the Digital Direct website!
What is the CMMI?
WHAT IS THE CMMI?
The CMMI is a model for improving and appraising the performance
of development organizations. It stands for “Capability Maturity
Model Integration”. It is published and developed by the
Software Engineering Institute in Pittsburgh, PA.
The CMM (the original version of the CMMI) was originally
commissioned by the American Department of Defense to help them
qualify software vendors’ capabilities. From there it quickly
evolved into a powerful tool to guide process improvement
initiatives, not only for Software Development but for many
related fields such as Systems Engineering, Product Acquisition,
Team Management, Research and Development, etc.
Today the CMMI is used around the world in military, commercial
and government organizations. It has been shown to reduce the
risks associated with development projects, increase efficiency
and improve the overall quality of products and deliverables.
Many civil industries such as transportation and
telecommunications are making it a requirement for submissions
to large tenders. Countries such as India and China are also
using it to position themselves as dependable, trustworthy
providers of world class outsourcing services.
The CMMI is best known for its five levels of organizational
maturity (see figure below). Each level represents a coherent
set of best practices organizations are expected to implement as
they become better at what they do.
Level 1: Initial (Majority of Organizations) Level 2: Managed
Process Level 3: Defined Process Level 4: Quantatively Managed
Process Level 5: Optimizing Process (less than 5% of
Organizations)
To each maturity level are associated a number of related
process areas. The process areas can be viewed as very detailed
checklists of what goals need to be achieved, what activities
performed, and what artifact created and maintained to satisfy
the requirements for a specific part of the overall development
process. The following lists the CMMI process areas organized by
maturity level. (Source: CMMI version 1.1 SW/SE/IPPD Staged
Representation )
Maturity Level 1: No process area associated with the maturity
level 1
Maturity Level 2: Requirements Management Project Planning
Project Monitoring and Control Supplier Agreement Management
Measurements and Analysis Process and Product Quality Assurance
Configuration Management
Maturity Level 3: Requirements Development Technical Solution
Verification Validation Product Integration Organizational
Process Focus Organizational Process Definition Organizational
Training Integrated Project Management for IPPD Integrated
Supplier Management Risk Management Decision Analysis and
Resolution Integrated Teaming Organizational Environment for
Integration
Maturity Level 4: Quantitative Project Management Organizational
Process Performance
Maturity Level 5: Causal Analysis and Resolution Organizational
Innovation and Deployment
The CMMI also include Generic Goals and Generic Practices. These
model elements cover the organization’s ability to perform,
manage, share, measure and improve its processes.
A new feature of the CMMI (as opposed to the original CMM) is
the ability to choose between two representations of the model:
Staged or Continuous. Generally speaking, the Staged
representation is better suited to focus the organization
towards tangible yet high level goals, while the Continuous
representation allows for the precise customization of a process
improvement program or appraisal to better meet an
organization’s specific requirements.
BENEFITS Here are some of the major benefits you can achieve by
using the CMMI in your organization:
1. KNOWING YOUR TRADE Are you sure everybody involved in your
projects knows exactly what their job is and how it relates with
what everyone else is doing? Just go around the office and ask
these simple questions…
… To the project managers: a. What is the difference between a
plan and a schedule? b. What do you record about the estimates
that are being made? c. Do you estimate size as well as effort
when doing your planning? Do you monitor both attributes during
the life of the project?
… To the configuration managers: a. What is a baseline? b. What
is the purpose of a configuration audit? c. Who authorizes
changes to the configuration units?
… To the quality assurance analysts: a. What is the object of
Quality Assurance? b. How is it different from Quality Control?
>From Testing? c. Who, in the organization, knows about the
Quality Assurance activities and results?
If people in your organization cannot answer these questions
right away or if nobody knows what these roles are or who
performs them, then your staff has an urgent need for some
education in their respective trade. Why not start with a primer
on the CMMI?
2. UNDERSTAND WHERE YOU STAND Are you doing better or worst than
your peers and competitors?
When it comes to process improvement, are you “cutting edge” or
a laggard organization?
How can you tell?
The CMMI is both complete and universally relevant, allowing for
very precise and detailed benchmarking of process performance
within as well as across organizations and industry segments.
3. GETTING A STRUCTURE, LOGICAL, TIME-PROVEN ROADMAP FOR
IMPROVEMENT Rather than being a recipe to be followed blindly
and faithfully, the CMMI is a well-organized list of things that
need to be taken care of in order to be systematically
successful in your development projects. Aligning your
improvement plan to the CMMI levels ensures that you don’t
forget anything and effectively protects you from the infamous
“tunnel vision” effect.
4. POSITIONING YOURSELF AS A BEST-PRACTICE COMPANY If your
organization develops products, you probably want your clients
(be them internal or external) to look up to you as a
disciplined, knowledgeable, reliable and trustworthy supplier.
Adhering to the principles and practices of the CMMI will go a
long way to achieve this, both in your clients’ perceptions and
in reality. Publicly committing to following the CMMI is like
saying “We will do the right things, and we will do them right”.
CONCLUSION: Is the CMMI right for you? Unless you believe that
common sense does not apply to your context, then the CMMI is a
powerful tool to guide your process improvements efforts.
Whether yours is a mega-corporation with thousands of employees
or a small outfit with just a handful of developers, the CMMI
can help you deliver better products faster.
Studies have shown that companies that invest 5% to 10% of their
operating costs into process improvement typically experience a
return on investment of 100% the first year and upwards of 400%
after 3 to 5 years. These returns on investments are based on
reductions in the number of defects, faster time to market,
improvements in estimation capabilities and better project
control resulting in fewer schedule and cost overruns.
If you are under the impression that your company or
organization is too small to benefit from the CMMI, then
consider this: Are you too small for your projects to be late?
For your requirements to be vague and imprecise, resulting in a
lot of rework and unsatisfied customer? Do you sometime worry
that your team won’t Be able to deliver in time for the next
trade show, yet don’t know how help them out? If you can relate
to any of these situations, then look more closely into CMMI.
It’s no silver bullet, but you just might sleep better at night!
=========================================================
For additional information: • The CMMI web site:
http://www.sei.cmu.edu/cmmi • Some return on investment
http://www.sei.cmu.edu/publications/documents/00.reports/00sr003/
00sr003chap02.html • Process Academy’s web site:
http://www.ProcessAcademy.ca
A PDF version of this article can be found at:
http://www.dovico.com/documents/What-is-the-CMMI-process-improvem
ent-v1-00-20030730.pdf
========================================================
About the Author: Franis Dion is a software development and
process improvement specialist. He is an authorized CMMI trainer
as well as a certified process assessor and auditor.
mailto:Francis.Dion@ProcessAcademy.ca.
About the Sponsor: DOVICO Software has been a global market
leader in timesheet and project tracking solutions since 1989,
producing time related products that help clients attain CMMI
standards. An example of such CMMI standards are Timing Devices
through which end-users can track time associated with the
phases they are in to meet PSP and/or TSP guidelines. To learn
more about DOVICO’s solutions, go to http://www.dovico.com
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