PART VII: TACKLING THE FINANCIALS FIRST - WILLIAM EASTMAN

Show Objective
Given Shows 25-28 and III-VI, you will create a plan using the principles of agile for analyzing financial performance and determine the profit drivers and key performance indicators for operations, customers, and people.

EPISODE 133: Summary
There is not much more to say on the topic we didn't cover in last week's show - Part VI, it is time to get started. Since this is your first attempt at using an Agile Methodology - take it slow.

Topics:

• Your First SCRUM
• Targeting Financials First
• Productive Sprints

EPISODE 134: Starting Your First SCRUM
This is not hard. If you have used the tools of project management there are more similarities than differences. The big difference is when to use a traditional approach vs agile. The biggest challenge is for you to play just the Champion role and trusting the process; trusting that the iterations will lead to a quality result.

Topics:

• Vision for the Project
• Build a Team
  • SCRUM Master
  • Product Owner
  • Champion
• Determine Topics, Time Frame, and Desired Results
• Build a Backlog of Work for the Sprint Teams
• Create a SCRUM Meetings (Alignment & Calibration)
• Select Sprint Team

EPISODE 135: Your First Target - Financials
It is up to you to decide where to start. However since our focus all season is "Recession Proofing Your Business", the place to start is on Financial Performance and use it to backtrack to find improvement opportunities.

This section of the show we covered yesterday in Show 28: How To Share Financials With Employees.

Topics:

• Build the Backlog List
  • Analyze past financial performance - a complete and accurate description of what happened and why
  • Determine and chart Profit Drivers
  • Based on Profit Drivers, what are the supportive KPI's (Key Performance Indicators) that measure progress
  • Determine the metrics for each KPI, it's owner, and how to measure and share the data

EPISODE 136: The First Sprints
With your SCRUM Team team created and functioning, its time to go to work. 

Topics:

• Select Team Based On Roles
  • Product Owner
  • Subject Matter Experts
  • Business Analyst
  • Department Representative
  • Interim Manager
• Team Charter
  • Storyboard what success looks like
  • Problem Solving & Decision Making process
  • Dealing with Conflict
  • End Goal - "By reviewing last year's financial statements, explain why and how the company achieved its financial results, determine the profit drivers for and key performance indicators for operations, customers, and people.
• Rules and Phases of SCRUMS and Sprints
  • Define
  • Explore
  • Validate
  • Iterate
• Use of the Backlog List
• Start

Next Part VIII: Operations Scrum & Sprints

How to apply today's show to your business:

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