David Parmenter

About David Parmenter

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So far David Parmenter has created 134 blog entries.
My vision is to change how leading organisations, around the world, measure and manage performance – by 2030
2602, 2014

Some projects should never have been started

By |February 26th, 2014|0 Comments

All consultants, when being frank, will admit to the odd self-inflicted disaster.  The responsibility of many failed projects rests fair-and-square with the initiators.  They create projects or new starts with utter abandonment, overlooking the commitments each projects require.  Like children, projects need to have plenty of affection, attention, and nurturing.  The consequences for projects when […]

2602, 2014

Invest in a comprehensive selection process

By |February 26th, 2014|0 Comments

Recruiting staff and a consultant is a life and death decision as Peter Drucker reminded us.  It is better to spend 40 hours in a comprehensive selection process (putting up fences at the top of a cliff) than spend 400 hours sorting out the mess (at the bottom of the cliff).
It is imperative that you […]

902, 2014

Finding Your Organization’s Internal Critical Success Factors

By |February 9th, 2014|0 Comments

Recently I have realised the importance of distinguishing Internal from external critical success factors. A Board of a charity rightly pointed out that the CSFs tabled (the internal CSFs) were too internally focused.  They wanted to see, understandably the external picture, the external CSFs.  The Board was naturally looking from outside-in.  The Board want to […]

2011, 2013

Using Outside Consultants Effectively – Never give a new person a new job part 2

By |November 20th, 2013|0 Comments

Peter Drucker in my mind is the Leonardo de Vinci of management.  His work will be appreciated more in 400 years from now. We all would benefit from reading the Definitive Drucker, a book that offers a summary of the sage’s advice.

Drucker observed that many new initiatives failed as the wrong people were leading them.  […]

2011, 2013

Using Outside Consultants Effectively – Getting a bigger bang for your buck part 1

By |November 20th, 2013|0 Comments

Behind most successful managers are the successful projects where they have been able to obtain leverage from using consultants properly.  You have a choice: Learn to achieve through getting the right consultants “on the bus” or  hire unwisely and set yourself up for failed projects. From my observations and first hand experience in being a […]

1709, 2013

SCRUM – a lean practice worth adopting

By |September 17th, 2013|0 Comments

This is a technique that was developed to radically reduce the time it took to write new software applications.  It recognized that teams in very intense work periods do not always function properly.

Scrum (an Agile technique) – started off as a rethink of project management by Jeff Sutherland,  a fighter pilot in Vietnam.  He saw […]

1609, 2013

Activity based costing is broken – it is anti lean

By |September 16th, 2013|0 Comments

Many of us have gazed wistfully into the distance thinking how marvelous it would be to be able to have cost of producing a product at any time of day.  Activity based costing seduced the accounting profession very much like the sirens in Greek mythology.

Right from the start the writing was on the wall. The […]

1509, 2013

Toyota’s 14 principles and their relevance to lean

By |September 15th, 2013|0 Comments

I believe Toyota to be possibly the greatest company in the world. It has 14 principles which are the backbone to its culture and Toyota can embed these principles in all countries it operates within.  Its Kentucky plant in the USA exceeded all Toyota expectations with its acceptance of the Toyota way.  To understand the […]

1209, 2013

Lean is about eliminating the eight wastes

By |September 12th, 2013|0 Comments

In lean there are eight types of waste.  These wastes are seen within the whole organisation and within the accounting function. I have outlined the eight wastes below in Exhibit 1
Exhibit 1 The eight wastes that need tackling

Eight types of waste
The eight wastes within the accounting function

1. Over-production (Building batches of products larger than the […]

1508, 2013

Golden Rules with Email (Part 1)

By |August 15th, 2013|0 Comments

If you are spending over an hour a day on emails there are some golden rules to save you time, as David Parmenter explains*.

* This article is an extract from The leading Edge Manager’s Guide to Success published by John Wiley & Sons Inc.

Finance teams, and those staff within them, cannot afford to have their […]