About this Presentation
With the pressure on businesses increasing and the current economic conditions, scenario planning should be part of your decision-making process. It is now more important than ever that you make the right strategic choices securing profitability and throughput. Mapping out scenarios and knowing what could be expected is key to overcome these uncertain times. With the economy impacted majorly we don’t know what our business will look like in half a year's time. We notice companies face similar challenges which can easily be tackled by scenario planning. A few examples of these challenges are: As business is starting to get back up again, we are facing a backlog of project installations that were postponed. Can we handle these internally or should we hire additional capacity from outside? A fair share of our projects has been cancelled due to the current economic conditions. We need to gain a clear view on the impact of this on our current organization and capacity. Could we avoid resizing? We recently experienced a significant increase in projects, more than our most critical resource groups can handle. Are we able to increase capacity by using resources from other departments? If we need to change delivery dates, what alternative dates can be offered? Does any of the above situations sound familiar? Make sure to check in on this session. Ad Vermeulen will talk about scenario planning to optimize your project portfolio and pipeline. He will share best practices from companies who effectively use scenario planning and explain how it helps them become more predictable and cope with uncertainty. Video length: 41:24. PDF: 40 slides.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Scenario planning is a crucial tool for optimizing project portfolio and pipeline, including active, ongoing and future projects.
Identifying capacity constraints is the first step in building a sound project pipeline and controlling work in process.
Specialized software is often required when a company adopts the Theory of Constraints (TOC) way of thinking and working.
Instructor(s)
Jennifer Eckman
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.