PLMIG twinned workshops will prove that PLM benefits can be quantified

Oxford, England. November 05, 2013
Two important early findings of the PLM Financial Framework workshops in June are:-
  • everything in PLM can be quantified; and,
  • not everything in PLM needs to show a financial benefit.
This may seem surprising, because it is widely assumed that many aspects of PLM are simply too abstract to quantify. However, the detailed structure generated by the workshops breaks PLM down into elements that are measurable, if the effort is provided to do so.
The financial structure defines some parts of the PLM investment that the accounts will assign as overheads. The exact apportionment is still to be confirmed, but they will still count as "necessary costs" for running the business. This reduces the proportion of the investment that must show a return, and increases the headline ROI by a corresponding amount.
It follows, therefore, that financial management of PLM can be much more detailed and practical than has previously been supposed. These findings need to be validated, and the next workshops in Frankfurt, Germany and Vaasa, Finland will put them to the test. The two events are "twinned", and so will share the same Agenda and combine their results.
Registration for Frankfurt and Vaasa is now open, and PLM practitioners and their financial colleagues from all types of organisation and from any country are welcome to attend. More information is available on the PLMIG web site, or via Email Contact.
The PLM Interest Group
The PLM Interest Group is the leading neutral industry group for PLM. It has developed the first ever PLM Governance Standard, together with a new generation of applied PLM material including the PLM Best Practice Library and the Path to PLM. Previously PLMIG workshop series have produced the PLM Benchmarking Handbook; the PLM Maturity Reference Manual; and the PLMuERP Handbook.
For more information, please contact:
Roger Tempest

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