Join Alan Simon for an in-depth discussion in this video Financial and budget risks, part of Big Data Foundations: Program Management.
- Even after your big data program is underway,…you may still find yourself facing significant financial…and budget risks.…Let's say that you're the leader for a $5 million…big data program,…and because of your company's overall financial picture,…your program just got hit with a 10% budget cut,…and now you need to decide what to do about that.…Here you see some of the big data portfolio projects…that you have, including one budgeted…at $500,000 that will consolidate a number of finance…data marts into your Hadoop environment,…and then retire those data marts.…
Since 10% of $5 million equals $500,000,…wouldn't it make sense to simply cut the finance…data mart consolidation project,…and then keep moving forward with everything else?…Unfortunately, these types of project portfolio…adjustments aren't simply a matter of seeing…if you have a project for the exact amount…of your budget cut and then postponing…or cancelling that particular project,…while the others remain untouched.…You need to take a look at dependent projects.…
Interested in leading the charge? Manage Your Organization's Big Data Program is for business intelligence professionals who are tasked with implementing a big data and analytics program at their companies. Alan Simon explains the role of program managers, their desired skills, and the people they need on their core team. After the preliminary steps—defining program direction, budget, and initial projects—Alan helps map project milestones and define the KPIs to help track their progress. In chapter 6, you survey the risks to the program, from financial and technological standpoints. By the end of the course, you'll have the skills to be successful in a big data leadership role—and drive data-driven insights throughout the enterprise.
- What makes a good big-data program manager
- How to recruit members of a big data team
- Defining the program direction
- Creating an initial list of projects
- Identifying allies and adversaries
- Determining program milestones
- Managing milestone progress
- Assessing program risks