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SAP BPC & EPM
Thought Leadership

Connie Folk

Connie Folk

Recent Posts

3 Steps to Ensure Projects are Delivering EPM Value

Posted by Connie Folk on Mon, Jan 09, 2017 @ 11:01 AM

Successful projects, delivering real results, are a must in today’s competitive environment.  Setting projects up for success can occur by following a proven methodology.   Optimally, organizational processes, behaviors, and results are directly correlated to, and as a result of, the creation and cascade of an overall organizational vision.  From the vision, a strategy is born.  However, your strategy may never become a star if it remains relative obscure to the larger organization.   One of the key challenges many companies face is operationalizing, or making the strategy a reality.  Projects are the vehicle to move strategy from the boardroom to the back offices and ultimately a core plank in delivering your overall strategy.

Topics: Enterprise Performance Management (EPM), Project Management, EPM ROI, Executive, EPM

The Changing Role of Finance: Results Reporting to Business Partner

Posted by Connie Folk on Tue, Jun 28, 2016 @ 10:06 AM
Maximizing the value of your EPM BPC Implementation

The Need for Change

The Finance function is central to the successful operation of any organization.   Finance organizations are not immune to today’s pressure faced by businesses to reduce costs of business transactions while improving processes in alignment with the overall strategy and direction for the organization.  Faced with the demand to increase their role in the EPM lifecycle, Finance functions are moving away from a transactional data management focus to becoming deliberate business partners by providing assistance to the CEO and the organization in the development of strategic direction and key business decisions.

Topics: Financial Information Management, Investment Comparisons

Why EPM Checklists, Methodologies, and Fast Start Templates Ensure Success

Posted by Connie Folk on Wed, Aug 19, 2015 @ 09:08 AM

Column5 CEO David Den Boer once told me, “Behind every checklist there is a dead body. “ As a military veteran, he knew that safety procedures were often put in place in the aftermath of a tragic accident that unfortunately involved the loss of life. The military is well known for their rigor, strict definition of procedures, and processes that deliver consistent and repeatable results.  Isn’t that what we all strive for in delivery of our EPM projects? You can accomplish this result without enduring fatalities along the way.

Topics: Best Practices, Enterprise Performance Management (EPM), Project Management, BPC (Business Planning & Consolidation)

The Inconvenient Truths About Organizational Change Management

Posted by Connie Folk on Wed, Jun 03, 2015 @ 10:06 AM

Why OCM is Critical to the Success of Your EPM Transformation.

According to analysts and customer feedback, EPM projects, as a subset of Analytics projects, are among the most challenging to achieve positive business value results. The reasons are many, including not having appropriate expectations laid out in a business plan, ill-advised technical designs, poor technical execution, not having internal skills to properly manage the solution, and not including a beneficial process change while implementing the technology.

Topics: Best Practices, Enterprise Performance Management (EPM), Project Management, BPC (Business Planning & Consolidation)

Make Your EPM Project Successful By Investing in the Change!

Posted by Connie Folk on Tue, Dec 16, 2014 @ 09:12 AM

The nature of projects and project management is change.  Often times, the change brought about by commissioning a project is overlooked, as the focus is placed on the technology.  Just as frequently, the need to assess and address the people-side of the project is initiated separately and often too late in the project lifecycle.  Most projects are managed using a methodology based on the Project Management Body of Knowledge (PMBOK), which focuses on management of scope change and the potential impact to budget, timeline, or resource allocation. However, PMBOK does not address the human aspects delivered through the project, or how to successfully identify, plan for, and mitigate resistance to the change. 

Topics: Best Practices, Enterprise Performance Management (EPM), Project Management

Organizational Change Management for SAP EPM and BPC Implementations

Posted by Connie Folk on Tue, Sep 16, 2014 @ 12:09 PM

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Successful delivery and adoption of any project requires a partnership between the business, IT, value chain partners and end-users to ensure the solution delivered meets business objectives and return on investment.  Collaboration is required to make certain:

Topics: Best Practices, Project Management, Implementation

Organizational Change Management in EPM and BPC Implementations

Posted by Connie Folk on Wed, Jul 10, 2013 @ 12:07 PM

Previously I discussed the top five critical success factors for a project.  Remember the word of caution mentioned in that blog – “slick, leading-edge technology alone will not guarantee project success.”  So what factor from that list must be coupled with the technology to ensure a successful adoption of your EPM or SAP BPC solution?  The Human Factor, or quite simply, the people that will be involved in using the system once deployed can make or break your project.  I’ll discuss in this blog why Organizational Change Management (OCM) should be one of your Top 5 Critical Success Factors for your EPM or SAP implementation.

Topics: Enterprise Performance Management (EPM), Project Management, Value, Implementation, BPC (Business Planning & Consolidation)

EPM Project Management Methodologies Untangled

Posted by Connie Folk on Tue, Apr 30, 2013 @ 08:04 AM

Do you ever wonder if you are keeping up with the plethora of project management methodologies? Waterfall, Scrum, Agile, Lean, ASAP,  Agile Waterfall and Sprints form just a handful of concepts. What is a project management methodology anyway and how do you choose the most appropriate one for your Enterprise Performance Management (EPM), Business Planning & Consolidation (BPC) or Business Intelligence (BI) SAP project?

Topics: Enterprise Performance Management (EPM), Business Intelligence (BI), Project Management, Value, Implementation, BPC (Business Planning & Consolidation)

The Top 5 Critical Success Factors for Your EPM Project

Posted by Connie Folk on Thu, Jan 31, 2013 @ 12:01 PM

How do you ensure your Enterprise Performance Management (EPM), Business Planning & Consolidation (BPC) or Business Intelligence (BI) project will start out positioned for success? You've gone through the RFP process, completed the vendor evaluation, and have decided on the technology. But before diving into requirements and design, you also need to spend time in the project initiation phase--ensuring the project's critical success factors (CSFs) are defined and socialized, and that a plan for implementation is developed. Be sure there is a common understanding of the importance of the CSFs and how they differ from project objectives and success criteria.

Topics: Best Practices, Enterprise Performance Management (EPM), Project Management, Performance, BPC (Business Planning & Consolidation)

Is EPM Technology Enough?

Posted by Connie Folk on Tue, Nov 20, 2012 @ 08:11 AM

Solution Implementation new technology comes with the promise of significant return on investment (ROI) to business stakeholders, senior leadership, and the bottom line. Defining these promises typically comes to life through identification of project goals and success criteria, and how a project moves from the definition phase to design is critical. It is not uncommon for business stakeholders to form a mental image of the solution once there is a high-level understanding of the features the new technology provides. But is understanding the sizzle a new tool can bring to your current business challenges enough to have a winning project? Perhaps not!

Topics: Process Improvement, Enterprise Performance Management (EPM), EPM ROI, Value, Implementation, BPC (Business Planning & Consolidation)

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