An Overwhelming Majority of Managers Believe Managing Execution is More Important Than Planning and Analysis.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Survey of Leading Organizations Validated by Real-Life Customer Data Reveals Execution Management Benefits: Improvements in Productivity, Employee Morale and Culture More than 100 managers in a wide range of project organizations believe in the value of execution management to help achieve a broad spectrum of positive results, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey released Friday, Sept. 15, at Realization's 2006 Customer Conference held in Chicago. Execution management provides clear task priorities and manages uncertainties that can delay and even derail de·rail intr. & tr.v. de·railed, de·rail·ing, de·rails 1. To run or cause to run off the rails. 2. the timely completion of projects, including product development, engineering and construction, and facility and equipment maintenance and overhaul. Conducted by Realization Technologies, an execution management systems provider with more than 180 customers worldwide, the September 2006 survey found that a substantial percentage of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. believe that their organizations are benefiting from execution management. In addition, the majority indicated that execution management is of equal or greater importance than analysis and planning within their organizations when it comes to delivering positive, bottom-line results. The survey targeted organizational managers across a range of industries, company sizes and project requirements. Findings include: --Seventy-eight percent of respondents indicated that their organizations had developed a culture where execution occupies equal or greater importance than planning and analysis --Sixty-eight percent of respondents saw an improvement in time savings/thru-put of more than 10 percent --Fifty-two percent of respondents' organizations realized cost savings in excess of 10 percent per project Realization Execution Management Survey Page --Sixty-one percent of respondents believed that execution management had improved overall employee moral --Seventy-seven percent of respondents experienced positive cultural change --Eighty-three percent of respondents believed that if execution management systems were applied across their entire organization, cost savings would exceed 10 percent --Eighty-three percent of respondents believed that the application of an execution management system made their organizations more competitive Validating the survey findings, several customers at the 2006 Customer Conference provided examples of the range of benefits possible by implementing Realization's execution management system: "Warner Robins Warner Robins, city (1990 pop. 43,726), Houston co., central Ga., in an agricultural region; inc. 1943. The surrounding area yields peanuts, grain, fruit, and livestock. has dramatically improved the efficiency of our C-5 aircraft maintenance repair and overhaul program," said Bill Best, Deputy Director of Warner Robins Air Logistics Center, United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. . "We decreased the number of C-5s in the repair cycle at any point in time from 12 to seven. By putting five planes back into operation, we've generated additional cargo hauling revenue for our customers of at least $49 million per year. We couldn't be happier with the results, and expect to see continued improvements in the future throughout other aircraft production lines." "Our work with Realization has been a tremendous catalyst for positive change throughout all aspects of our business," said Benge Scott, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Valley Cabinet Works. "In just one year after implementing the system, revenue increased by 88 percent, and we are on track to increase the number of projects we're able to complete in 2006 by more than 50 percent over 2005. The results to date have been phenomenal, and have met or exceeded our expectations." "We admire our customers for tackling the tough problem of project execution, and achieving impressive, measurable results," said Sanjeev Gupta, president and CEO of Realization Technologies. "Most organizations have difficulty executing projects on time and on budget, which is one of the most significant issues facing today's competitive global organizations. They tend to focus their management energies on creating elaborate plans, but fail to execute those plans in the face of uncertainties. To be successful, organizations must change the rules by which project uncertainties are managed, and execution management can help all types of organizations meet this challenge." Additional survey findings revealed that the ability to meet deadlines was most often selected (64 percent) as a key benefit of execution management by survey respondents. Additional benefits reported by respondents included: shortened short·en v. short·ened, short·en·ing, short·ens v.tr. 1. To make short or shorter. 2. project duration (62 percent), ability to take on more projects (52 percent), decreased staffing requirements (39 percent), and less overtime (39 percent). Realization's Customer Conference, which concluded Friday, Sept. 15, featured a keynote address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. by Dr. Eliyahu M. Goldratt Eliyahu M. Goldratt (1948 - ) is an Israeli physicist turned business consultant, the originator of the Theory of Constraints (abbreviation: TOC). He claims that he applied the scientific method to resolving some permanent problems of organizations. , inventor INVENTOR. One who invents or finds out something. 2. The patent laws of the United States authorize a patent to be issued to the original inventor; if the invention is suggested by another, he is not the inventor within the meaning of those laws; but in that of the Theory of Constraints Theory of Constraints (TOC) is an overall management philosophy that aims to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money, both now and in future. (TOC) and author of "The Goal" and many other books on business and supply chain management. Execution Management System Realization offers the first successful management system for efficient and reliable execution of projects. Based on the proven principles of Critical Chain, it has helped a growing number of organizations increase sales and profits. It works by providing clear task priorities and early warning signals across departments and to all levels of management. About Realization Recipient of the prestigious 2006 Franz Edelman award for its work with Warner Robins Air Logistics Center, the company has helped organizations increase speed and efficiency in new product development, engineer-to-order manufacturing, construction, maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. , and other project based operations. Founded in 1999, Realization has over 180 customers in a wide range of industries and regions around the world. The company is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . To learn more, please visit www.realization.com. |
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