PMI Atlanta Chapter - Announcements Test

"Financial Evaluation of Projects" : August AEC Summary

Written by Theresa McCoy

On August 13, 2019, Sarah Griswold, VP of Financial Planning & Analysis at Kindred at Home, was the featured speaker at the Architecture Engineering & Construction Sarah-Griswold-AEC-Forum(AEC) Forum.

Sarah began her presentation by outlining the key elements of a Profit and Loss to ground the audience on terminology to understand financial basic concepts. She discussed the key drivers that impact a P&L and broke down each section to illustrate how they relate to a company’s financial health.

Do your eyes glaze over at the thought of reviewing a Profit & Loss (P&L) statement? Are you confused by all the jargon and terminology?  Not to fear, Sarah Griswold is here! 

Gross sales, pricing, revenue, discounts and allowances, net sales, cost and distribution, all of these and more were clearly explained as Sarah walked through the definitions, drivers and key takeaways for each element of a Profit and Loss Statement. She drew on her past experience to provide examples of each area of a P&L.  The example described how to interpret the information on a P&L statement and the identification opportunities to improve the bottom line of a project or business for long term success.  Using real life project and business examples, Sarah made the financial “in’s and out’s” of a P&L less intimidating and more understandable for those who are less versed in the day to day business financials!

Sarah helped the audience to demystify the P&L to leverage it as a valuable financial tool in a project manager’s “toolbox”.


 

About PMI

Atlanta Chapter serves Project Management Community in Metro Atlanta, and we're an active resource to corporations, community and government agencies throughout north Georgia. With over 5,000 members, PMI Atlanta is among the top 5 chapters in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently.

"Shifting the Worry Curve": June AEC Forum Summary

AEC-Forum-June-Clint-Padgett

Written by Theresa McCoy

On June 11, 2019, Clint Padgett, President and CEO of Project Success Inc., was the featured speaker at the Architecture Engineering & Construction (AEC) Forum.

Clint opened up the presentation by describing his company’s Project Success Method (PSM) as a set of generic principles, concepts and structured processes by which projects can be: clearly defined, thoroughly planned, and persistently controlled during execution to achieve project success. Clint discussed typical project challenges and the concept of the “worry curve” was introduced.

While all projects have challenges, exactly what they are is the great unknown when a new project is introduced. As a project begins, there is uninformed optimism, the “honeymoon” period, where project worry is postponed.  This eventually turns into “vague concern” as the project deadline begins to appear.  The final stage of worry, if left unchecked or unbalanced, as the deadline approaches is panic.  The panic phase is the most expensive financially and emotionally for the project team.

So, what is a project leader to do? Cliff discussed these key phases of the “worry curve” when planning and executing a project.  By first understanding some critical keys to success, such as team and customer agreement on the charter document. Early and ongoing project planning to gain individual team member commitment and buy-in throughout the project life-cycle.  A project manager can successfully shift the project worry earlier in the project to avoid the deadline “panic” phase. 

Thus, Clint emphasized the importance of planning to help mitigate the impact of unforeseen problems, by managing the project worry curve to yield higher quality projects. 


 About PMI

Atlanta Chapter serves Project Management Community in Metro Atlanta, and we're an active resource to corporations, community and government agencies throughout north Georgia. With over 5,000 members, PMI Atlanta is among the top 5 chapters in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently.

“How to be a Rockstar The Art of Managing Stakeholders”: June Healthcare Forum

Written by Claudia Greene, PMPJuneHCFpic2

PMI Atlanta Healthcare Forum enjoyed an informative and interactive presentation delivered to us by Erica Cockfield and Carrie Delong.

Carrie and Erica delivered an exciting and engaging presentation through a tag team effort with role play. We learned through several interactions with the tandem that making your way to ‘rockstar status’ is as much about making other people shine, as it is about achieving your own goals. It is not necessarily about being in the spotlight at all times, but sharing the spotlight, identifying and acknowledging other stakeholders along the journey.

Erica closed by stressing that Customer Success is enterprise success which leads to happy employees who have been energized, united and aligned through the customer success experience.


About PMI

Atlanta Chapter serves Project Management Community in Metro Atlanta, and we're an active resource to corporations, community and government agencies throughout north Georgia. With over 5,000 members, PMI Atlanta is among the top 5 chapters in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently.

“Global Health Eye on Africa: Challenges and Opportunities”: April Healthcare Forum Summary

Written by Claudia Greene, PMPApril-Healthcare-forum-Dr-Kebede-2

PMI Atlanta Healthcare Forum enjoyed an informative and interactive presentation on Globalization delivered by Dr. Senait Kebede.

Dr. Kebede is the Founder and President of International Health Consultancy (ICH). She brings over 15 years of experience in clinical and public health practice. She works with interaction and bilateral organizations including World Health Organization (WHO), UNICEF, UNAIDS, World Bank, CDC, and USAID with a focus on Maternal and child health, HIV/TB, Integrated Disease Surveillance and Response (DSR) and quality of care. She received her MD from Addis Ababa University in Ethiopia, with a speciality in paediatrics and an MPH from Johns Hopkins University. She is also a Gates Strategic Leadership fellow for Reproductive Health, JHU and certified (PMI) in Project Management.

Dr. Kebede began her presentation overviewing the outcomes of Globalization, highlighting global health issues, perspectives, challenges, and opportunities with a focus on Africa. She went on to state many countries benefited from globalization – Africa was not one of them. She expounded upon the contrast of Africa, Latin America, and East Asia with the discontents of growing poverty, unemployment, crime, and growth going to upper income groups. She referenced back to Nobel laureate, Joseph E. Stiglitz’s, “Globalization and its Discontents” as well as that of “The World is Flat” by Thomas Friedman to support her opening comments.

Dr. Kebede shared with the attendees that much was done to protect investors but not so much the environment in developing countries. Most of the projected benefits accrued to rich countries. For example, 70% of gains went to developed countries and 48 of the least developed countries were actually left worse off. Globalization had also led to unbalanced intellectual property rights making access to life saving medicines more difficult.

In 2005, UNAIDs sought to come up with a resolution to combat these disparities to ensure there was some social justice in bringing access to care. Dr. Kebede discussed April-Healthcare-forum-Dr-Kebedehow she was the coordinator for an initiative called 3 by 5, which was introduced to treat 3 million people by 2005 in Africa. Her responsibilities included partnering with other countries, deploying resources, hiring consultants, and conducting needs assessments. This required a focus on project management to help drive great results. Dr. Kebede said that results between 2002 -2006, in every continent, there was a remarkable increase in the number of people that were treated by anti-viral medicine. Displaying noticeable physical results, she backed her comment with a patient’s “before and after” picture whom was able to get access to the treatment. Dr. Kebede also shared other positive results in child mortality for Rwanda. It had its steepest fall in child mortality ever recorded from 1995 to 2011.

Dr. Kebede went on to petition why we should be involved in Global Health. Her reasoning included the following:

  • Health matters to everyone, not just to those living in developing countries
  • The return on invest in health is 9:1.
  • One extra year of population life expectancy raises GDP per capita by 4%.

Dr. Kebede concluded with emphasizing that we should focus on building and strengthening institutions and systems – political, diplomatic and people skills for better leadership and governance.


 About PMI

Atlanta Chapter serves Project Management Community in Metro Atlanta, and we're an active resource to corporations, community and government agencies throughout north Georgia. With over 5,000 members, PMI Atlanta is among the top 5 chapters in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently.

"Trends in Artificial Intelligence (AI) and Applications": March AEC Forum Summary

Written by Theresa McCoy

On March 12, 2019, Dr. Hai T. Ho, PhD, professor and Head of Computer Engineering Department at Kennesaw State University, was the featured speaker at the Architecture Engineering & Construction (AEC) Forum. March-AEC-Forum-Dr-Ho

Dr. Ho described how Artificial Intelligence enables machines to “think” and act (rationally) like humans with capabilities such as speech processing, image perception and “thinking” (i.e. learn, process and make decisions). He shared some current examples of these capabilities, which included a robot learning to do a backflip on its own, chatbots that sound and react like a human being and even a Sony AIBO robot dog that responds to touch and “builds a relationship” with people like a pet owner.   Other more prominent examples include image processing that is used in autonomous or “driver-less” cars. Dr. Ho also pointed out that when you click “like” or “comment” on websites, often you are contributing information gathering that is used for AI!

In a deeper dive, Dr. Ho briefly discussed how machines learn as this is the underpinning of AI. He also shared how neural networks are the backbone for AI input.  For example, programmers and engineers provide the input and mathematical algorithms are created to mimic the brain based on a mathematical function.  Thus, it’s critical to figure out the right “architecture” for the neural network or machine learning in order to produce the desired output.

Applications for AI span many forms including smart devices, farming (i.e. to sort produce), the creation of art such as paintings, medical diagnosis, lip reading and many more. In the age of technology, AI is interesting,compelling and,yes, evenintimidating.  Whether you take an optimistic or pessimistic view, there are certainly many interesting AI developments and applications that will impact everyone in some way, shape or form both now and in the future.


About PMI

Atlanta Chapter serves Project Management Community in Metro Atlanta, and we're an active resource to corporations, community and government agencies throughout north Georgia. With over 5,000 members, PMI Atlanta is among the top 5 chapters in the world. Our professional expertise span across industries; we’re the professionals building healthcare information technology systems, the engineers developing smarter public transportation, and the planners growing our communities more efficiently.