SLW #028: A Powerful Tool To Well Organize Business Data Project
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This week, we'll discuss a powerful tool for business improvement instead of Excel content.
Excel and analysis are the best business partners; one won't work well without the other.
When I was working as a data project leader, regardless of the project's size, I needed to thoroughly understand the entire project, including all the numbers and business context.
However, it's difficult to connect the fragmented pieces and organize them logically in one place.
Enter my hero: The 'A3 report.'
This picture is just a sample. You can grasp the concept but no need to study the details.
This 'A3 report' blew my mind when I was studying for a Master's Degree in Operations Management.
After applying it, I was able to master the business context and answer challenging questions from stakeholders.
More importantly, I could present the business project logically and smoothly by adapting the flow of the A3 report.
That's a huge benefit for me, and I hope you can benefit too.
The concept is simple and very easy to follow.
You should carefully select key points from different project phases and put them on an A3-size paper.
The size of A3 paper can limit your content to be concise and to the point.
A3 Report
Phase 1: Background
Describe why the project is necessary.
Phase 2: Current Situation
Conduct a thorough check of the current status with numbers.
Phase 3: Analysis
Highlight your findings through data analysis.
Phase 4: Goals
Specify the goals.
Phase 5: Recommendations
Present your alternative solutions.
Phase 6: Implementation Plan
Provide a concise work plan.
Phase 7: Follow-up
Explain how you will follow up on the work plan.
Phase 8: Result Report
Describe how you will monitor the results with numbers.
You can practice and experience the magic of this A3 report in your workplace. Enjoy!
By the way, I've incorporated useful business management frameworks in my Excel Analytics OS course. You will benefit not only from functional training but also from applying Excel in your business work.
If you're eager to explore, click this link the know more.
That's all for this week.
See you next week.
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Whenever you're ready, here's the way I can help you:
- Signature course: Excel Analytics OS x 1 (121 short lessons, 8 modules)
