Friday, December 28, 2012

Fast and Simple Eating Plan


  • Drink water like a fish
  • Eat vegetables like a rabbit – full color spectrum
  • Eat fibrous whole grains like a horse
  • Lean cuts of meat like a tiger
  • Full color spectrum of fruits like fruit of the loom
  • Junk fast food belongs in Recycling Yards
 

Intermitten Fasting

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Control Framework from Cobit 3

01 Define a Strategic IT Plan
02 Define the Information Architecture
03 Determine the Technological Direction
04 Define the IT Organization and Relationships
05 Manage the IT Investment
06 Communicate Management Aims and Directions
07 Manage Human Resources for ISD Infrastructure
08 Ensure Compliance with External Requirements
09 Assess Risks
10 Manage Projects
11 Manage Quality
12 Identify Automated Solutions
13 Acquire and Maintain Application Software
14 Acquire and Maintain Technology Infrastructure
15 Develop and Maintain Procedures
16 Install and Accredit Systems
17 Manage Changes
18 Define and Manage Service Levels
19 Manage Third-Party Services
20 Manage Performance and Capacity
21 Ensure Continuous Service
22 Ensure System Security
23 Identify and Allocate Costs
24 Educate and Train Users
25 Assist and Advise Customers
26 Manage the Configuration
27 Manage Problems and Incidents
28 Manage Data
29 Manage Facilities
30 Manage Operations
31 Monitor the Processes
32 Assess Internal Control Adequacy
33 Obtain Independent Assurance
34 Provide for Independent Audit
 
 

Thursday, December 27, 2012

Power of Full Engagement

OLD SCHOOL                                                        
  • Manage time                                                    
  • Avoid stress as it uses energy                                    
  • Life is a marathon                                           
  • Downtime is wasted time                               
  • Rewards fuel performance                            
  • Self-discipline rules                                         
  • The power of positive thinking                        

NEW APPROACH
  • Manage energy as it source of all productivity
  • Seek stress to develop extra capacity to handle peaks
  • Life is a series of sprints spaced by rests
  • Downtime is key to top performance     
  • Purpose fuels performance    
  • Habitual rituals rule, so start right ones  
  • The power of full engagement 






   









Wednesday, December 26, 2012

Audit Evidence from Interviews and Testimony


Apologimonies: Testimonies that include, "I'm so sorry to anyone I may have offended"

Behindkissomonies: "I love our leadership so much!"

Bragamonies: Much like status-o-monies, but limited to specific events.

Brainwashamonies: Testimonies derived from overexposure to corporate corn

Emotimonies: Testimonies based solely on raw emotion.

Gratimonies: Longwinded testimonies that begin, "I'd like to express my gratitude to..."

Identicrisimonies: Given by people who have no identity without their jobs.

Pausamonies: Testimonies with long periods of silence.

Predictamonies: The same testimony, given by the same person, at every interview.

Promisomonies: Testimonies that begin with "I promise to keep this short.." but the testimony 
goes on for a long time.

Putdownamonies: Testimonies that backhandedly put down others.

Redemptimonies: Given to unburden oneself of needless guilt

Status-o-monies: Testimonies that testify of financial or social status. "When I came to work on time in my new Porsche Boxter. . ." "When I had lunch with the Division VP . . ."

Therapymonies: Testimonies used to spew personal troubles and feelings.

Vacationmonies, Travelmonies: A detailed log of everywhere the person giving the testimony went on vacation.

Wednesday, December 19, 2012

Understanding in Terms of Previous Experience

IT Strategic Value Considerations

1.   Cost focus: Drawing on the value discipline of operational excellence
            a)  Price products and services at lowest cost
      b)  Drive economies of scale through shared best practices

2.   Value differentiation as perceived by customers: Drawing on the value discipline of customer intimacy
a)  Meet client expectations for quality at reasonable cost 
b)  Make the customers' product selection as easy as possible 
c)  Provide all information needed to service any client from any service point

3.   Flexibility and agility: Drawing on the value discipline of product and service innovation
a)  Grow in cross-selling capabilities 
b)  Develop new products and services rapidly 
c)  Create capacity to manufacture in any location for a particular order

4.  Growth: How the base of the business will expand
a)  Expand aggressively into underdeveloped and emerging markets
b)  Carefully grow internationally to meet the needs of customers that are expanding their business
c)  Target growth through specific product and customer niches

5.  Human resources: Where people policies fit in
a)  Create an environment that maximizes intellectual productivity 
b)  Maintain a high level of professional and technical expertise 
c)  Identify and facilitate the movement of talented people

6.   Management orientation: Different aspects of business governance and decision making
a)  Maximize independence in local operations with a minimum of mandates 
b)  Make management decisions close to the line 
c)  Create a management culture of information sharing (to maintain or generate new business)

IT Financial Value Metrics

Total Cost of Ownership (TCO) 
Although this is a cost-based approach which does not equate to value, it can be useful for measuring IT value because it allows comparison of alternative implementations that will meet the same business need and, presumably, have very similar values to the business. It is also true that by including such considerations as training costs, security costs, scalability costs, and the costs of reliability deficiencies, TCO incorporates perspectives that are not purely financial.  A limitation of TCO is that it involves predicting future costs. This limitation can be minimized over time by tracking actual costs but, by then, the investment decision has been made.
Return on Investment (ROI)
ROI means calculating the revenue that the business generates or the costs that it saves in return for the investment that it is making. For an IT investment to be approved by the business, the IT Providers and the business must work together to demonstrate that the business will get its money back with a nice profit in an acceptable period of time (the payback period). In practice, ROI is typically expressed as a percentage of the investment, either annually or over the duration of the project with the cash flows rendered as net present values.  A practical problem with ROI is that cost savings must be in real money rather than theoretical "efficiencies."
Economic Value Added (EVA)
The Economic Value Added approach starts with the assumption that the organization exists to provide economic value to its shareholders. This may not be entirely true for not-for-profit organizations but the approach still has value. The calculation and comparison of Economic Value Added is very similar to ROI except that the benchmark used for making investment decisions is not the IRR but the opportunity cost of using the money to make other business investments, (e.g., leaving the money in the bank rather than funding projects).
Real Options Valuation (ROV)
ROV is a more complex technique than the methods described so far. It is based upon the financial estimation techniques used in stock option theory. Without going into the detail of the mathematics, ROV is used to modify the ROI calculation by taking into account the value that the current project could contribute to future projects. This approach typically enhances the ROI of projects such as IT infrastructure where the cost of implementing a whole new infrastructure for just one project for one business unit's needs is so burdensome that no one business unit could ever justify starting the new infrastructure.
Return on Assets (ROA)
ROA is calculated by dividing the net income by the value of the assets being used to generate the net income. ROA for IT assets can be calculated by isolating the IT-specific assets from the organizational assets and the net income due to IT assets from the overall net income. This can be hard to do and the accounting systems need to be set up appropriately to provide any chance of achieving this on a repeatable basis.
Return on Infrastructure Employed (ROIE)
ROIE is similar to ROA but it focuses on IT services rather than IT assets. With ROIE, IT service cost (including depreciation) is the basis for computing a return. While ROIE can be used for a single project, it works best when calculated for aggregations of projects. For example, it might be used to compare the performance of different in-house or outsourced IT Providers. ROIE might be improved by providing the same IT service at a lower cost or by containing the cost growth of providing a particular IT service to less than the rate at which the organization's net income is growing.

IT Productivity Methodology


From an external customer's point of view, performance will mean issues of speed (the timely delivery of software), cost (seeking the lowest cost provider), and quality (the right functionality performing efficiently and effectively). From this external perspective, IT Providers should focus their attention on measuring performance relative to speed, cost, and quality.

From an internal customer's point of view, these same measures of IT performance (speed, cost, and quality) are equally important but can take on a different perspective relative to the level of performance that is needed to satisfy the business goals and objectives.

1.      Develop a set of corporate, division, and project business goals with associated measurement goals for productivity and quality
2.      Generate questions (based on models) that define those goals as completely as possible in a quantifiable way
3.      Specify the measures needed to be collected to answer those questions and track process and product conformance to the goals
4.      Develop mechanisms for data collection
5.      Collect, validate, and analyze the data in real-time to provide feedback to projects for corrective action
6.      Analyze the data in a postmortem fashion to assess conformance to the goals and to make recommendations for future improvements