LBMS announces outsourcing ProcessWare partnership with Formation Consulting; Provides proven best practices for IT outsourcing within LBMS's industry leading process management tool.HOUSTON--(BUSINESS WIRE)--June 9, 1997--LBMS Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LBMSY), a leading provider of process management products, today announced a partnership with Formation Consulting Ltd. to deliver Formation's best practices for IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. - FM-1 - as a ProcessWare (TM) library within LBMS's industry leading process management toolset - Process Engineer. FM-1 provides a comprehensive set of best practices and techniques for the evaluation and implementation of an IT outsourcing program. Developed from in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis practical experience and extensive research, the process provides proven expert advice in all aspects of IT outsourcing. "Business and technology executives are aggressively considering outsourcing as a means to reduce costs, increase efficiency and deploy new technologies," said Rick Pleczko, Senior Vice President of Product Marketing and Development at LBMS LBMS Long Beach Middle School (New York) LBMS Lake Bluff Middle School (Lake Bluff, Illinois) LBMS Lake Belton Middle School (Belton, TX) . "The Formation process effectively enables an organization to identify the risks, value and benefits to be gained from outsourcing and structure a win-win relationship." One of the most critical issues facing IT organizations today is the large demand for new applications in order to keep pace with increased business demands. CIO's are under pressure to deliver cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. and timely solutions to meet the increasing demand for technology applications. Industry analysts predict that eighty percent of IT applications will be developed or managed by external service providers. Research from these analysts also indicate that 50 percent of all outsourcing programs fail due to the lack of proper internal and external planning and management. "We believe that FM-1 is unique," says Tony Glover Glov´er n. 1. One whose trade it is to make or sell gloves. Glover's suture a kind of stitch used in sewing up wounds, in which the thread is drawn alternately through each side from within outward. , director of Formation Consulting," It enables an organization to quickly determine whether outsourcing is right for them and to effectively establish and manage an outsourcing relationship. Process Engineer provides the perfect delivery vehicle for FM-1 enabling organizations to easily customize the process and quickly generate project plans for managing the outsourcing program." The FM-1 process contains all the required components to assure the success of any outsourcing project including: --A Detailed Process with a complete set of activities, predefined roles and responsibilities for each activity, a comprehensive estimating model, predefined optimal workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and predefined deliverables for each task. --A Process Template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the which covers the full lifecycle from project initiation, analysis of outsourcing feasibility and benefits, preparation of RFPs, selection of a vendor, conclusion of a contract, and management of both the implementation and continuing service. --A Comprehensive Set of Techniques describing how to perform the activities in the FM-1 process such as identify outsourcing objectives, create outsourcing options, evaluate vendor proposals, identify contract provisions, and manage the outsourced service. --Example Deliverables and Checklists to jump-start the development of the deliverables defined throughout the process. Examples include internal assessment, RFI (Radio Frequency Interference) High-frequency electromagnetic waves that emanate from electronic devices such as chips. RFI - Radio Frequency Interference and RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. , vendor evaluation forms, cost models, negotiation control, service level agreement and contract frameworks. In his latest report, leading industry analyst, Bill Martorelli of Giga, says: "Up until this time, prospective outsourcing customers have had few alternatives with which to understand or evaluate outsourcing processes prior to engaging an outsourcing transaction. LBMS's new IT outsourcing process management capability is an important first step in this regard." The FM1 process joins a comprehensive library of best practice titles in the LBMS ProcessWare library including processes for Year 2000 compliance, web applications development, object oriented See object technology and object-oriented programming. development, component engineering and Lotus Notes Messaging and groupware software from IBM Lotus that was introduced in 1989 for OS/2 and later expanded to Windows, Mac, Unix, NetWare, AS/400 and S/390. Notes provides e-mail, document sharing, workflow, group discussions and calendaring and scheduling. application development. Formation Consulting Ltd. is a specialist management consultancy that provides independent advice on all aspects of IT outsourcing. It delivers services ranging from executive workshops and education courses to project management and adhoc support. A full range of training, support and consultancy services, is available for FM-1 users. Formation Consulting is located in Southern England Southern England is an imprecise term used to refer to the southern counties of England. Differing usages apply the term with varying geographic extents. In most definitions Southern England includes all the counties on the English Channel; from west to east these are: Based in Houston, LBMS Inc. is the leading provider of process management products to Fortune 1000 organizations. LBMS' integrated line of process management products provide organizations with a library of best practices for all areas of applications development, and a comprehensive set of tools for process definition, deployment, execution and improvement. LBMS has an installed base of more than 30,000 users worldwide in areas such as financial service, technology, manufacturing, retailing, oil, government and utilities. LBMS company and product information can be found on the World Wide Web at http://www.lbms.com . CONTACT: LBMS, Houston Susan Williams Susan Rene Bartholomew-Williams (born June 17, 1969 in Long Beach, California) is a triathlete from the United States. She competed at the second Olympic triathlon at the 2004 Summer Olympics. She placed third with a total time of 2:05:08.92. , 713/625-9321 susan_williams@lbms.com or Miller/Shandwick Technologies Doug Black, 617/536-0470 dblack@miller.shandwick.com or Stacia Anson, 617/536-0470 sanson@miller.shandwick.com or Formation Consulting Ltd. Tony Glover, 011-44-1245-248814 glover@formation-consulting.co.uk |
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