January 2023: What is SWOT Analysis? SWOT analysis is one of the tools used in strategic planning. It's an acronym that stands for "Strengths, Weaknesses, Opportunities, Threats". This analysis aims at identifying what are the key sources of each of these four categories so that appropriate actions can be planned to capitalize on strengths, alleviate or eliminate weaknesses and their impacts, seize and benefit from opportunities, avoid and alleviate potential threat risks. Note that strengths and weaknesses are considered coming from internal sources within the entity being analyzed, while opportunities and threats are coming from the external environment. On the other hand, both strengths and opportunities are positive points to be enhanced, while weaknesses and threats are negative points to be minimized.
December 2022: What is Digital Transformation? Digital Transformation, also known as digitization, is recently a frequently mentioned term, and a trend in the business and IT communities. It refers to transforming operations and technologies from the manual or traditional form, to the digital computerized, most commonly online, form. Utilization of cloud computing and internet based technologies is increasingly a key part of such transformation. This will involve integration of separate systems related to management of various aspects of a business, like sales and customer relationship management, procurement and supply chain, finance, HR, etc. Integrating the end to end cycle of a business allows for additional opportunity of business intelligence and data analytics for more insightful decision making throughout the compete process flow.
November 2022: How to select your professional certificates? Most people are pursuing professional certificates for continual professional development and career advancement. Taking in consideration the array of certificate offerings available from several providers, you need to define some criteria for prioritization and selection of the certificate in which you are going to invest your time and money. For example, you can assess a certificate based on criteria like: how much is it credible? how relevant is it to your career targets? how much is it valued in the profession you are working in? how long will it sustain and does it need continual renewal? how much is the cost and the expected return on your salary pay? how long time will it take from start until receiving the certificate? Accordingly, you will sum up the total score of each certificate you are considering and rank them based on higher score to assign priority.
October 2022: What is Cloud Architecture? Architecture refers to the decomposition of a system into its composite components and sub-systems, along with the relationships and organization of these components to form the overall system. This applies to many sorts of systems. In the context of cloud computing, architecture similarly refers to how the virtual components, as well as the physical onsite components, are organized together to form the overall information technology infrastructure of a certain business. Virtual components on the cloud can come from several cloud service providers, and are integrated together both on the cloud and on premises. Architecting the components of a cloud-based system would take in consideration several factors like availability in world wide delivery locations, capacity and workload versus costs, maintainability and added value services offered by the service provider, and integrability with other virtual and physical components.
September 2022: What is Business Analysis? Business Analysis is a technique used in requirement collection for planning purposes of a certain project or initiative. Business analysis team would define the business problem under consideration so that actions can be planned to move from the current state to a future desired state. A list of gap analysis findings and recommendations is created, and a roadmap is defined for subsequent execution steps. Business analysis professionals accomplish these tasks using tools like interviews, benchmarking, workshops, cost-benefit analysis, enterprise architecture, etc. Business analysis is performed as part of the project tasks, and other team members participate as adequate, so that commitments made during business analysis stage are realistic and don't contradict with other project constraints.
August 2022: How to define business portfolios? For management purposes, business projects and activities are classified into portfolios with components that are financially related and managed together. Criteria for classifying and defining portfolios can be simply by business line, so that all projects and activities belonging to a certain department are considered a standalone portfolio. Other criteria can be according to client, specifically for large account clients, so that projects and activities performed for a certain client, or customer sector, are managed as a separate portfolio. Another criteria can be merely financial investment portfolios. All types of portfolios eventually have financial implications, which is in fact the main reason behind defining portfolios. The financial investment made in all components included in a certain portfolio is calculated versus the expected return on this investment, and the value of the portfolio is determined accordingly.
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