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Kickoff Meeting

Transcript: Kickoff Meeting Project Governance Governance Structure A well-defined governance structure outlines the hierarchy and roles within a project. This structure includes stakeholders, project sponsors, and teams, all interconnected to facilitate efficient oversight and accountability throughout the project lifecycle. Decision-Making Process The decision-making process in project governance involves identifying key stakeholders who participate in strategic discussions. This process promotes transparency and ensures decisions align with project objectives and stakeholder interests. Communication Protocols Effective communication protocols are vital for project governance, allowing for timely information flow. These protocols specify channels for updates, feedback, and escalation paths to manage risks and maintain stakeholder engagement. Introduction Overview of Project Governance and Roles Purpose of Kickoff Meeting The kickoff meeting lays the foundation for the project by clarifying objectives, aligning expectations, and fostering collaboration among team members and stakeholders. It is essential for articulating the vision and scope, ensuring that everyone is on the same page from the outset. Agenda Overview The agenda sets the framework for the kickoff meeting, addressing key topics such as project goals, timelines, roles, and governance. A well-structured agenda helps keep discussions focused, ensures all relevant points are covered, and promotes efficient use of time during the meeting. Meeting Expectations Setting clear expectations for the kickoff meeting encourages active participation and accountability among team members. Participants should understand their roles, the importance of their contributions, and the desired outcomes, fostering a collaborative environment among all stakeholders. Project Roles Next Steps Action Items Role Definitions Define specific tasks assigned to team members to promote accountability and progress tracking. Each item should include the responsible party, due date, and status of completion to facilitate effective project management. Clear role definitions establish expectations within the project team. Roles should include Project Manager, Team Leads, and Subject Matter Experts, each with specified responsibilities to ensure efficient workflow and task completion. Timeline for Deliverables Establish a clear timeline outlining key milestones and deliverables to maintain project momentum. A visual representation (such as a Gantt chart) can enhance understanding and adherence to deadlines. Key Stakeholders Follow-Up Meeting Schedule Identifying key stakeholders is essential for project alignment. These include project sponsors, customers, and team members whose interests and insights guide project direction and decision-making processes. Implement a schedule for regular follow-up meetings to assess progress and address any challenges. These should be brief but frequent to ensure the project remains on track and communication flows effectively. Responsibilities and Accountability Assigning responsibilities ensures accountability among team members. Each role must have specific tasks and deliverables, with a framework for monitoring progress to maintain project timelines and quality standards.

Kickoff Meeting

Transcript: Inventory Valuation Review Kickoff Meeting Goals Goals As the name suggests, this main goal of this review is to establish and maintain accurate inventory valuations. Inventory Valuation has two primary factors: Quantity and Cost. We made some effort to ensure we have accurate quantities in DEAR, however the cost associated with those quantities is not reliable, and in some cases is missing. We will also use this as an opportunity to review related procedures and identify process improvements. Accounting Accounting Improvements Balance Sheet accounts will contain accurate values. 1131 Raw Material Raw Material will be "Landed Cost" meaning freight charges will be allocated individual units. 1132 Work in Progress (WIP) 1133 Finished Goods Cost of Goods Sold (COGS) accounts will contain accurate and insightful info. 6100 COGS (actual cost of units sold) 6120 Direct Labor Allocation 6130 Overhead Allocation 6150 Inventory Adjustments Currently we create a monthly accounting adjustment that corrects (the best it can) the above accounts. This will no longer be necessary. Actual Cost vs. Fixed Cost Actual Cost • Actual cost is the only cost that is actually used for accounting. • The main purpose of accounting is to accurately reflect reality. Inventory is valued at actual cost. This flows through to our COGS and margins. o The cost can vary with every purchase. For many companies, the cost does vary with every purchase. DEAR is designed to handle this behind the scenes using FIFO. • The actual cost can be recorded/assigned in two ways 1 - The invoice cost is matched to received goods 2 - In a stock adjustment if the starting qty is 0, a cost must be assigned. • Average Cost: Average cost is the weighted average of cost using the stock on hand at each cost. It’s a useful snapshot for items with variable costs. Fixed Costs • Fixed costs are used primarily as a planning tool o Actual cost is used for everything historical/backwards looking. Fixed cost can be used in forward looking tools. • In DEAR, fixed cost is only used to pre-populate POs. o We can set the default to use fixed or last purchase price. o The cost listed on a PO is not used to value inventory or any other accounting record. It’s used to communicate our expectations with the vendor. • Outside of DEAR, fixed cost can be used for estimating margins or total purchases for a year, or other planning items. Reporting Reporting Improvements All reports generated in DEAR will be reliable and useful. This includes: Quantity Reports Cost Reports COGS/Margin Reports/Profit by Customer Etc. Using actual costs instead of fixed costs, meaning we can analyze actual margins instead of projected. The overall power of our ERM database will increase significantly. Best Practices Best Practices We will use this opportunity to review many of our procedures and workflows. Improve accuracy Improve efficiency Reduce work-arounds Document SOPs Our collective team now has significant experience using DEAR and can contribute to the re-evaluation of process and procedures. Effectiveness vs. Efficiency A note on effective vs efficient Effectiveness and efficiency are two different and independent items. Effective refers to the accuracy of a tasks; meeting the core objective. Efficiency refers to the amount of resources, mainly time, it takes to complete a task. Efficiency can never come at the cost of effectiveness. Scope Scope DEAR is the backbone of our operations, with a large number of users generating a large number of daily transactions. This will be a large project. The scope will include all activity in DEAR that has an impact on inventory valuation, which is most of the activity in DEAR. Inventory valuation can't be corrected mid-stream, so we'll be starting at POs and reviewing through product returns. Phase 1 Components Phase 1: Components This will include reviewing POs, receiving, invoicing and similar items, with extra attention given to: Bulk purchases/UoM changes Labs/Subs Multi-vendor, copacking, etc Add ons Tooling, setup, dies, "Mering margin" Uline/Amazon/Credit Card Purchases Landed Cost Matching receipts and invoices When phase 1 is complete we can be confident we have accurate raw material inventory valuation. Phase 2 Assembly Phase 2: Assembly The "Assembly" phase will focus on all transactions used to create finished goods. Assembly orders Scrap (can choose to include in cost of FG) Overhead and labor allocations Warehouse movements, staging and restocking Cycle counting and other adjustments The main goals of this phase will be: Maintaining accurate raw material values through the assembly process. Creating accurate finished goods values. Overhead and Labor allocations will be a primary focus. Phase 3 Sales Phase 3: Sales I've labeled this phase "sales", but really it's anything that reduces or changes finished goods value after assembly. This includes: Sales Returns Credit Memos Some CMs don't effect our inventory, but do have an similar impact on our

Kickoff Meeting

Transcript: Follow-Up Meeting Schedule Action Items Follow-up meetings are scheduled bi-weekly, with the next meeting on March 15th. This regular cadence ensures ongoing communication, addresses challenges, and provides accountability for action items discussed in the kickoff meeting. Each team member is responsible for completing assigned tasks. Specific deliverables include research completion by the end of next week and initial project drafts to be shared by the second meeting. Accountability will ensure progress and clarity. Next Steps The next steps are crucial to ensuring that the project's direction aligns with our goals. Clear action items and a schedule for follow-up meetings will set the stage for success moving forward. Expectations and Goals Setting clear expectations and defining project goals are crucial for team alignment and operational efficiency. Understanding key deliverables and success metrics fosters accountability and guides project execution towards desired outcomes. Key Deliverables Success Metrics Success metrics provide a quantitative basis for evaluating project outcomes. These may include on-time delivery rates, budget adherence, and stakeholder satisfaction scores, which all reflect the effectiveness of the team's efforts and project management. Identifying key deliverables ensures that project milestones are met on schedule. Each team member must understand their contributions, which include project reports, design prototypes, and final deliverables, each aligning with overall objectives and deadlines. Q&A This section focuses on fostering open dialogue and addressing any concerns related to the project. Engaging participants effectively can enhance collaboration and clarify any uncertainties. Open Floor for Questions Team Structure Individual Responsibilities An open floor encourages participation and ensures all voices are heard. This format allows team members to express thoughts and seek clarity on project details. Engaging in dialogue supports understanding and team cohesion. The project team consists of cross-functional members, including project managers, designers, developers, and quality assurance specialists. This diverse structure ensures that all aspects of the project are covered, promoting collaboration and innovation. Each team member is assigned specific tasks aligned with their expertise. For instance, project managers oversee timelines and deliverables, while developers focus on coding and implementation, ensuring a clear path to project completion. Addressing Concerns Addressing concerns transparently builds trust within the team. Mitigating risks and acknowledging challenges fosters a problem-solving mindset. Effective resolution of concerns contributes to overall project success and team morale. Roles and Responsibilities Clearly defined roles and responsibilities are essential for team efficiency and project success. Understanding the team structure lays the groundwork for accountability and effective communication. Team Introductions Understanding team dynamics is crucial for project success. Introducing participants by their roles and departments fosters collaboration and aligns expectations. Participant Roles Departments Represented Each participant brings unique skills and expertise to the project. Clearly defined roles enhance accountability and ensure effective teamwork across various tasks. Diverse departments contribute different perspectives, enhancing the project's overall effectiveness. Understanding each department's function aids in efficient communication and collaboration. Timeline and Milestones Project Scope The scope encompasses various phases including conception, design, and implementation. It outlines the critical tasks to be completed, stakeholder involvement, and resource allocation essential for successful project execution. The project timeline spans six months with major milestones identified at each phase. Key dates include project kickoff, midpoint reviews, and the final evaluation, ensuring a structured approach to tracking progress and accountability. Kickoff Meeting Background Information The project was initiated to address specific needs identified during stakeholder consultations. It aims to leverage existing resources while integrating innovative solutions to enhance efficiency and achieve strategic goals without exceeding budget constraints. Project Overview This section details the essential components of the project, including its background, the scope of work to be undertaken, and key timelines for completion. Understanding these elements ensures everyone is aligned on project objectives and deliverables. Introduction Purpose of the Meeting Kickoff meetings serve as crucial starting points for projects, aligning team members around shared goals and expectations. These gatherings set the tone for collaboration and project success, making them essential for effective teamwork. Agenda Overview The kickoff meeting's primary purpose

Kickoff meeting

Transcript: JAA 2020 Kickoff Meeting Kenneth Wyche WINS Perspective Shakey Successfully completing probation period Secret Santa Taking initiative LESSONS LEARNED Proactivity is essential Effective communication Intentionality Healthy boundaries/work-life balance Discernment WHAT DOES THE NEXT LEVEL LOOK LIKE FOR ME? 95K GOALS Aspiration Sustains and improves upon my current lifestyle in a practical way Payoff personal debts allows for a new car purchase Europe2020 A catalyst that will put me In alignment with my long term goals, and enlarges my capacity to do more for myself personally, intellectually, emotionally, and spiritually. Not About the Money #s Approx 22 Placements 220:22 send outs to placements 660:220 Subs to Send outs 1110:220 Presentations to qualified candidates 110:22 job orders to placements 1100:110 Presentations to orders You Win in the Locker Room First The 7 C's to Build a Winning Team in Business, Sports, and Life You Win in the Locker Room First draws on the extraordinary experiences of Coach Mike Smith and Jon Gordon—consultant to numerous college and professional teams—to explore the seven powerful principles that any business, school, organization, or sports team can adopt to revitalize their organization. Step by step, the authors outline a strategy for building a thriving organization and provide a practical framework that give leaders the tools they need to create a great culture, lead with the right mindset, create strong relationships, improve teamwork, execute at a higher level, and avoid the pitfalls that sabotage far too many leaders and organizations.

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