TM1 Models will all consist of 4 functional components. These will be Absorb, Configure, Calculate/Consolidate and Consume. Remember: Each component must be kept distinct! Components are purpose based not technology based! Focus on which components add value to the business not ones that are generic to any business! Now let’s have a look at each […]
Posts Tagged ‘TM1’
The Joy of End-of-Year Financial Reporting & A Merry New Year
Social Commentator, Will Rogers famously stated, “Even if you’re on the right track, you’ll get run over if you just sit there.” The once predictable & stable world of business has transformed into an unpredictable jungle that’s no place for the complacent finance organization. Our new normal environment requires finance to maneuver obstacles on an […]
Characteristics of a Subject Matter Expert
I’ve found that an integral part of any practice will be subject matter experts (or “SME’s”) that can provide assistance and direction to engineers who are in the field. SMEs will often be asked to review, improve, and approve technical work; to guide others; and to teach. Where does an SME come from? SME’s will […]
Your Approach to a Center of Excellence
The most effective approach to establishing a center of excellence within an organization is to start on a smaller scale, with very specific and very realistic goals defined. A famous saying can be applied here “it is not a destination, but rather a journey…” This will be true of every successful CoE imitative. Mistakes and […]
The 10 Commandments of a Successful Center of Excellence
An organizations center of excellence may begin as an “informal body” comprised of experienced and knowledgeable personnel from the practice, but over time, the COE should get additional powers on the basis of noted contributions to successful projects and receive additional funding to expand the scope of its operations. The following are the […]
Expectations for a Center of Excellence
If your organization has implemented a center of excellence initiative, that’s great! But what should you expect from it? Here are 5 basic CoE objectives: Sharing Your Center of Excellence should continually strive to identify “practical assets” revealed during project work that could simplify or improve the efforts of the practice it supports. These […]
Reengineering the Forecasting Process with Predictive Models
Reengineering the Forecasting Process with Predictive Models Forecasts usually start as historical performance which is then reviewed and adjusted based upon anticipated events. More mature forecasting may also incorporate generally accepted business rules “programmed in” to help “drive” the data into a forecast. Over the years I’ve deployed uncountable applications which provide the ability to […]
Big Data’s Challenges
Just returning from IBM’s Information On-Demand 2012 conference in Vegas last week, where there were just as many new questions created as ones that were answered. Among the usual Vegas question like; What happened to my money and Where am I, were some new ones. Most common was; What is Big Data? So it appears […]
Forecasting and Reporting with Cognos TM1 and SPSS
Cognos TM1 Implemented forecasting and reporting systems have had many benefits to businesses. These benefits might include (by are not limited to): Improved consistency – a single source for forecasting and reporting. Decreased overall “processing time” for reporting forecast and actual information. Decreased manual intervention – fewer “touch points”. Provide the ability to […]
IBM Information Management – faster than the Information Superhighway
Information management (IM) is the collection and management of information from one or more sources and the distribution of that information to one or more audiences. This may involve the key stakeholders owning and using that information. Management means the organization of and control over the planning, structure and organization, controlling, processing, evaluating and reporting […]
Perficient Gold Sponsor of IBM Information On-Demand Conference 2012
IBM’s IOD conference has become one of those annual traditions that marks a milestone in the year for our IBM partnership. Maybe it’s because of the time of year or just the amount of effort that goes into the conference by both Perficient and IBM, but each year we’re reminded introspectively of just how much […]
Manage Projects -like a Goal Keeper
While watching my daughter’s field hockey team compete last weekend, I came to realize that a project manager might learn a lot from a goalkeeper. To be a successful goalie, you need to approach goal tending just as a project manager might manage a project – as a leader, and with a practiced process. Let […]