Oxford, England. November 26, 2014 -- The PLM Financial Framework initiative held a series of workshops in five countries to establish the methodology for quantifying the financial benefits of PLM.

 

The workshops included participants who were completely new to PLM, and who had been brought into to add their own subject expertise. They wanted to learn about PLM, so that they could contribute - so the PLM Managers had to decide what would be the minimum amount of information to bring them up to speed.

 

They found that there are 8 things that the PLM Team should provide to demystify PLM for colleagues around the organisation:-

• Written Overview of the 'As-Is' Situation
• Top-Level PLM Objectives
• PLM 5-Year Vision
• Map of the fully-mature PLM environment
• Visible Management Structure
• Summary of current Technical Challenges
• Summary of current Management Challenges
• Enterprise-wide Training Programme for PLM

All of these should be part of every well-managed PLM environment, but sometimes they are neglected. PLM Managers can use these headings as a cross-check for their own implementation, or read the full details on the PLMIG web site.

 

The PLM Interest Group
The PLM Interest Group is the leading neutral industry group for PLM. It has developed the first ever Standard for PLM Governance, and also the first complete Project Justification methodology for quantifying PLM. Previous 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
PLMIG