BAC - How much was originally planned for this project to cost.AC = Actual costsPV = How much work should have been completed at a point in time based on the plan. Derived by measuring planned work completed at a point in time.EV (aka Budgeted Cost of Work Performed – BCWP) = How much work was actually completed during a given period of time. Derived by measuring actual work completed at a point in the schedule.CV = The difference between what we expected to spend and what was actually spent.SV = The difference between where we planned to be in the schedule and where we are in the scheduleCPI - The rate at which the project performance is meeting cost expectations during a given period of time.SPI =The rate at which the project performance is meeting schedule expectations up to a point in time.
The top three issues facing human resources & talent development are:A shortage of creative, agile leaders.Inability to rapidly develop workforce skills and capabilities.Ineffective collaboration and knowledge sharing.Source: 2010 IBM Global Chief Human Resource Officer study
The Bounce is a standardized career path framework used to communicate the progression of the CPA / Accounting Career. It is based on the concept of a reflective bounce (like a basketball bounce pass) where initial momentum is required early in the career (mastery of technical proficiencies) in order to get the bigger bounce and momentum on the other side with leadership proficiencies.For more information see http://cpa.tc/2qh
The Top 5 Skills CPAs Need NowThe Top Five Skills CPAs need for the future (research by AICPA & CPA Horizons 2025 Project)Leadership: The ability to develop and share insights and the aptitude to mobilize and inspire others to action. Leadership is about finding possibilities and developing people, utilizing their strengths, and shaping the future.Communications: Able to give and exchange information with meaningful context and appropriate delivery and interpersonal skills. It includes the ability to make thinking visible to others in a way they can easily grasp.Strategic thinking: A future-minded and flexible mindset that thinks critically and creatively. The ability to link data, knowledge and insights together to provide quality advice for strategic decision-making.Collaboration and synthesis: Being effective at engaging others and working across boundaries to turn challenges into opportunities, including the ability to consider the whole picture (past, present, and future context) and create alternatives and options for the future.Being tech savvy: Anticipating technology changes and how they can benefit others. Being adept at standardizing data for transparency, efficient exchange, and visualization.
http://www.b;ionline.orgThe #1 Job of a leader is…The Top 5 Skills CPAs Need NowHow to Deal with the Top 5 Learning Trends
Scientific management and other leading techniques of a modern CPA firm
and Other Leading
Techniques of a Modern
I knew I could control one thing, and that is my time
and my hours and my effort and my efficiency.
- Ryan Seacrest
In the beginning there was the ratio, and the ratio was
with God, and the ratio was God.
- John 1:1
My Quest for Generic Efficiency
Ron Baker, Founder
Taylorism: The application of scientific methods to the problem of
obtaining maximum efficiency in work
―Taylor’s Scientific Management
idea is perhaps the most powerful
as well as the most lasting
contribution America has made to
Western though since the Federalist
“What you can
measure you can
––The McKinsey Maxim
Taylor’s Scientific System
1. Break down job into its component parts.
2. Time each of those parts with a stopwatch to find out
just how quickly they can be achieved by the
quickest and most efficient workers.
3. Get rid of any parts of the job that aren’t necessary.
4. Add in ―about‖ 40 percent to the time for unavoidable
delays. Over time, SM will take this to zero
5. Organize your pay system so that the most efficient
people can earn considerably more money by
meeting the optimum times, while the average have
to struggle to keep up.
Four Reasons Why Timesheets Are Critical
1. They are a pricing tool
2. They are a cost accounting tool
3. They measure the efficiency of our
4. They are a project management tool
Efficiency in Professional Project Management
• BAC – Budget at completion
• AC – Actual costs to date
• PV – Planned value = Planned % complete * BAC
• EV – Earned value = Actual % complete * BAC
• CV – Cost variance = EV – AC
• SV – Scheduled variance = EV – PV
• CPI – Cost performance index = EV / AC
• SPI – Scheduled performance index = EV /PV
If there is a conversation about the future
of the profession, you're bound to hear
Hood's name mentioned as one of the
people leading the way.
– Accounting Today
Tom Hood, CPA, CITP, CGMA
• Named the Second Most Influential in Accounting by
Accounting Today Magazine 2013
• Top 150 Influencer by Linked-In
• Top 25 Influencers in Learning & HR by HR Examiner
• Top 25 Public Accounting Thought Leaders by CPA
• Working on Learning Management with
AICPA/CPA2Biz, Cloud Curriculum, Performance
Management /XBRL, Leadership & Generations
Maryland Association of CPAs
Business Learning Institute
1. A shortage of creative, agile leaders.
2. Inability to rapidly develop workforce skills and
3. Ineffective collaboration and knowledge sharing.
Source: 2010 IBM Global Chief Human Resource Officer
The top three issues facing human resources & talent
• Career Path (Ladder)
Our approach – The Four
The TTHUD is the way
How can we help you keep your L>C
• Strategy & Alignment
• Curriculum tied to strategy
• I2a Leadership Academy
• BLI Leadership Express -
• Social learning
In a period of rapid change
and increasing complexity,
the winners will be those
organizations who can keep
their rate of learning greater
than the rate of change and
greater than their
competition. – Tom Hood
Leadership Education for
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