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Exam Code: PMI-001 Practice test 2022 by Killexams.com team
PMI-001 Project Management Professional - PMP (PMBOK 6th Edition)

Analytical skills
 Benefit analysis techniques
 Elements of a project charter
 Estimation tools and techniques
 Strategic management
 Change management planning
 Cost management planning, including project budgeting tools and techniques
 Communications planning
 Contract types and selection criteria
 Estimation tools and techniques
 Human resource planning
 Lean and efficiency principles
 Procurement planning
 Quality management planning
 Requirements gathering techniques (e.g., planning sessions, brainstorming, and focus groups)
 Regulatory and environmental impacts assessment planning
 Risk management planning
 Scope deconstruction (e.g., WBS, Scope backlog) tools and techniques
 Scope management planning
 Stakeholder management planning
 Time management planning, including scheduling tools and techniques
 Workflow diagramming techniques

Continuous improvement processes
 Contract management techniques
 Elements of a statement of work
 Interdependencies among project elements
 Project budgeting tools and techniques
 Quality standard tools
 Vendor management techniques

Performance measurement and tracking techniques (e.g., EV, CPM, PERT, Trend Analysis)
 Process analysis techniques (e.g., LEAN, Kanban, Six Sigma)
 Project control limits (e.g., thresholds, tolerance)
 Project finance principles
 Project monitoring tools and techniques
 Project quality best practices and standards (e.g., ISO, BS, CMMI, IEEE)
 Quality measurement tools (e.g., statistical sampling, control charts, flowcharting, inspection, assessment)
 Risk identification and analysis techniques
 Risk response techniques
 Quality validation and verification techniques

Archiving practices and statutes
 Compliance (statute/organization)
 Contract closure requirements
 Close-out procedures
 Feedback techniques
 Performance measurement techniques (KPI and key success factors)
 Project review techniques
 Transition planning technique

Active listening
 Applicable laws and regulations
 Benefits realization
 Brainstorming techniques
 Business acumen
 Change management techniques
 Coaching, mentoring, training, and motivational techniques
 Communication channels, tools, techniques, and methods
 Configuration management
 Conflict resolution
 Customer satisfaction metrics
 Data gathering techniques
 Decision making
 Delegation techniques
 Diversity and cultural sensitivity
 Emotional intelligence
 Expert judgment technique
 Facilitation
 Generational sensitivity and diversity
 Information management tools, techniques, and methods
 Interpersonal skills
 Knowledge management
 Leadership tools, techniques, and skills
 Lessons learned management techniques
 Meeting management techniques
 Negotiating and influencing techniques and skills Organizational and operational awareness
 Peer-review processes
 Presentation tools and techniques
 Prioritization/time management
 Problem-solving tools and techniques
 Project finance principles
 Quality assurance and control techniques
 Relationship management
 Risk assessment techniques
 Situational awareness
 Stakeholder management techniques
 Team-building techniques
 Virtual/remote team management

Marking
1. Initiating 13%
2. Planning 24%
3. Executing 31%
4. Monitoring and Controlling 25%
5. Closing 7%
Total Number of Scored Questions 175
Total Number of Unscored (Pretest) Questions 25
Total Number of Questions 200

Project Management Professional - PMP (PMBOK 6th Edition)
PMI Professional availability
Killexams : PMI Professional availability - BingNews https://killexams.com/pass4sure/exam-detail/PMI-001 Search results Killexams : PMI Professional availability - BingNews https://killexams.com/pass4sure/exam-detail/PMI-001 https://killexams.com/exam_list/PMI Killexams : 7 Best Construction Project Management Software of 2023 No result found, try new keyword!However, the cost of combining project management and marketing should be considered. No cloud hosting Limited free professional ... particularly around feature availability and development ... Wed, 30 Nov 2022 10:00:00 -0600 text/html https://www.nasdaq.com/articles/7-best-construction-project-management-software-of-2023 Killexams : 2023 Project Management Trends

Technological advancements and improvements in software and automation have made their way into nearly every industry, project management included. Digital tools can help make the job of a project manager more efficient.

Increased Prevalence of AI and Automation

Artificial intelligence, automation, machine learning and data collection and analysis are rapidly becoming critical elements in project management strategies. According to PwC, 77% of high-performing projects utilize project management software to help streamline their work and meet their goals.

AI has the capacity to evaluate outcomes and provide insights into performance strengths and weaknesses, provide organized data to guide important decisions, predict outcomes, estimate timelines, analyze risk and optimize resource distribution. Project management tools and software can also automate time-consuming administrative tasks normally performed by the project manager, leaving the project manager free to focus time and energy on more critical or more nuanced tasks.

Project managers who take the time to understand how the AI and automation processes in their organization can complement their role will be well-prepared to take advantage of this resource.

Increased Focus on Data

Project management and data go hand in hand. A project manager who successfully uses available data to gain insight into key metrics can craft a targeted strategy to Excellerate existing processes and further the goals of their business. Project management software can assist with both data collection and analysis, and provide concise evaluations and visualization tools for project managers to refer to in team building, productivity and time management efforts.

Emphasis on Soft Skills and Emotional Intelligence

As AI and automation take over aspects of the more technical side of project management, more emphasis is placed on the soft skills a project manager needs to effectively connect with, motivate and manage teams. These skills include emotional intelligence, communication, conflict resolution, mentoring and training, adaptability, time and risk management, leadership, team building and decision making.

Wed, 30 Nov 2022 19:39:00 -0600 Chauncey Crail en-US text/html https://www.forbes.com/advisor/business/2023-project-management-trends/
Killexams : U.S. services industry regains steam; factory orders accelerate FILE PHOTO: Black Friday sales begin at the King of Prussia shopping mall in Pennsylvania © Thomson Reuters FILE PHOTO: Black Friday sales begin at the King of Prussia shopping mall in Pennsylvania

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy as it braces for an anticipated recession next year.

The survey from the Institute for Supply Management (ISM) on Monday followed on the heels of news last Friday that the economy continued to create jobs at a solid clip in November, with wage growth accelerating. Consumer spending also rose strongly in October.

The flow of strong data raises the risk that the Federal Reserve will continue hiking interest rates and lift its policy rate to a higher level than the recently projected 4.6%, where it could stay for sometime. The U.S. central bank's rate-hiking cycle is the fastest since the 1980s.

FILE PHOTO: A barista makes coffee for a customer in Houston © Thomson Reuters FILE PHOTO: A barista makes coffee for a customer in Houston

"While that's good news for the growth outlook, it's not so great for the Fed trying to dampen demand and ease inflation," Priscilla Thiagamoorthy, an economist at BMO Capital Markets in Toronto, said of the data.

The ISM said its non-manufacturing PMI increased to 56.5 last month from 54.4 in October. It was boosted by a surge in business activity to an 11-month high. Comments from businesses included "gaining more business" and "demand for our services is increasing."

Economists polled by Reuters had forecast the non-manufacturing PMI slipping to 53.3. A memorizing above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity.

Economists shrugged off a survey from S&P Global confirming its services PMI was stuck in contraction territory in November.

"We see overall still-strong ISM services as a better indicator of real activity than the much lower S&P services PMI," said Veronica Clark, an economist at Citi group in New York.

The Fed has raised its policy rate by 375 basis points this year from near zero to a 3.75%-4.00% range.

Thirteen services industries including construction, healthcare and social assistance, retail trade as well as professional, scientific and technical services reported growth last month. But information, wholesale trade and management of companies and support services reported a decline.

Companies in the construction industry reported that "new business requests are solid."

Professional, scientific and technical services firms noted that though job openings continued to decrease, opportunity for growth remained "with demand for top talent still high and availability still rather scarce."

Retailers reported business as "stable." Wholesalers said "business volume appears to be leveling out based on a month-over-month comparison, although we are up significantly when compared to the same month last year."

Finding workers remained a challenge for transportation and warehousing companies.

The solid economic data have raised optimism that the widely feared economic downturn in 2023 would be short and mild. Some economists are even betting that a recession could be avoided, with growth just slowing sharply.

The acceleration in services industry activity confirms that spending is shifting away from goods and that the inflation baton has been handed over to services, indicating that overall price pressures in the economy could take a while to subside.

Manufacturing activity contracted in November for the first time in 2-1/2 years, the ISM reported last week. Economists said a weighted average of the services and manufacturing PMIs was consistent with a 2% annualized economic growth pace this quarter. The economy grew at a 2.9% rate in the third quarter.

Stocks on Wall Street were trading lower. The dollar rose against a basket of currencies. U.S. Treasury prices fell.

SLOW INFLATION DESCENT

But the weakness in manufacturing, which accounts for 11.3% of the U.S. economy, is not yet evident in the so-called hard data.

A report from the Commerce Department on Monday showed factory orders jumped 1.0% in October after rising 0.3% in September. Economists had forecast orders advancing 0.7%. Orders shot up 12.8% on a year-on-year basis in October.

October's jump in factory orders was driven by a 2.2% rise in bookings for transportation equipment, which followed a 2.3% increase in September. Transportation equipment orders were boosted by increases in orders for both defense and civilian aircraft. Motor vehicle orders rebounded 1.7%.

Orders for machinery rose 1.5%. There were also solid gains in orders for computers and electronic products as well as electrical equipment, appliances and components.

In November, the ISM's measure of services industry employment increased to 51.5 from 49.1 in October. But with orders stagnating, further gains are likely to be limited.

The survey's gauge of new orders received by services businesses dipped to 56.0 from 56.5 in October. Exports tumbled to the lowest level since April 2020, likely because of slowing global growth and a strong dollar.

A measure of prices paid by services industries for inputs slipped to 70.0 from 70.7 in October as supply continued to improve. The survey's measure of services industry provider deliveries fell to 53.8 from 56.2 in October.

A memorizing above 50 indicates slower deliveries. Businesses continued to whittle down the backlog of unfinished work.

"Even as we see a reprieve in goods prices, the slow descent in the larger services sector speaks to the fact that it will take time for inflation to return to target and that the Fed still has work to do in its fight against inflation," said Shannon Seery, an economist at Wells Fargo in New York.

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama and Andrea Ricci)

Mon, 05 Dec 2022 10:12:39 -0600 en-US text/html https://www.msn.com/en-us/money/markets/us-services-industry-regains-steam-factory-orders-accelerate/ar-AA14WJ6P
Killexams : ZTE and PMI Malaysia Sign Strategic Cooperation Agreement on Professional Project Management Ecosystem

PRESS RELEASE: ZTE Corporation together with PMI Malaysia, has signed a strategic cooperation agreement on professional project management ecosystem in Kuala Lumpur, Malaysia.

“ZTE has always been a strategic partner of PMI Malaysia. In the era of global digital and intelligent transformation, PMI Malaysia and ZTE will carry out more comprehensive and in-depth cooperation in multiple fields of project management, to further Excellerate the project management level in the communications field and jointly create excellent management and services,” said Dr. Joshua Netto, Director of Treasury of PMI Malaysia.

“ZTE is committed to providing our customers with world-class communication networks. With the development of the digital economy, we are accelerating the business expansion of the second growth curve,” noted Mr. Wang Qiming,the Deputy Country Manager of the ZTE Malaysia. “ PMI Malaysia provides us more professional consulting services in organizational operation, process mechanism, and management mode transformation. Also, we hope that both parties will have deeper cooperation in the digital evolution of project cluster management and AI application. ”

“The signing of this strategic agreement opens a new chapter for the in-depth cooperation between ZTE and PMI Malaysia in the project management field. In the future, both parties will work closely to build a professional project management ecosystem and achieve win-win in the digital and intelligent era,”,added Mr. Nehru Nagappan, the Director of Public Relation at PMI Malaysia.

Back Tue, 29 Nov 2022 22:56:00 -0600 en-GB text/html https://www.mobileworldlive.com/zte-updates-2019-20/zte-and-pmi-malaysia-sign-strategic-cooperation-agreement-on-professional-project-management-ecosystem/ Killexams : PMI identifies new skill set for project success in Nigeria

By Chinenye Anuforo, Lagos

Project Management Institute (PMI), the world’s leading association for project professionals and changemakers, has released its “Pulse of the Profession 2023” – a report that identifies key trends in project management based on findings from PMI’s global survey of 3,500 project, program and portfolio managers.​

Across the 3,500 project professionals surveyed, regardless of region, industry, years of experience, leadership level, or Project Management Professional (PMP) certification status, there was a consensus around the most critical power skills: communication, problem-solving, collaborative leadership, and strategic thinking.

As noted in the PMI Talent Triangle, power skills are a critical skill set for project professionals to navigate the changing world of work and embrace smarter ways of working. Organisations sufficiently tapping into power skills, in addition to technical skills and business acumen, can expect to be better at handling complex project challenges, market changes, technological adoptions, and socioeconomic pressures.

The survey found that organisations placing a high priority on power skills tend to perform better against multiple key drivers of success. 72 per cent of their projects successfully met business goals, only 28 per cent of their projects experienced scope creep, and they experienced less budget loss (17 per cent) when a project failed.

In addition, organisations prioritising power skills are approximately three times more likely to report high benefits realisation management per cent maturity, which is the number one key driver of success for projects identified in the research. Furthermore, they are two times more likely to report high project management maturity, and approximately three times more likely to report high organisational agility.

And while nine out of ten project professionals agree that power skills help them work smarter, organisations face challenges in prioritising the development of power skills. In fact, the report cites cost as the number one barrier to developing power skills, followed by a lack of perceived value. Furthermore, project professionals said they spend 46 per cent of their professional development hours on technical skills and only 29 per cent on power skills.

“Our organisation is committed to empowering project professionals to develop the most robust set of skills to keep pace and create impact,” said Pierre Le Manh, President and Chief Executive Officer of PMI. “Technical skills and business acumen will always be important in project management, but this research shows that to drive the best project outcomes possible, organisations and project leaders must prioritise the development of power skills, too.”

A total of 3,492 project professionals representing a range of industries and regions, including North America, Latin America and the Caribbean, China, Europe, South Asia, the Middle East and North Africa, Asia Pacific, and Sub-Saharan Africa were surveyed for the creation of this report. The report was supplemented with 12 in-depth interviews with project management experts spanning a range of industries and regions.

Tue, 29 Nov 2022 06:30:00 -0600 en-us text/html https://www.sunnewsonline.com/pmi-identifies-new-skill-set-for-project-success-in-nigeria/
Killexams : Manufacturing PMI® at 49%; November 2022 Manufacturing ISM® Report On Business®

New Orders Contracting; Production Growing; Backlogs Contracting; provider Deliveries Faster; Raw Materials Inventories Growing; Customers' Inventories Too Low; Prices Decreasing; Exports and Imports Contracting

TEMPE, Ariz., Dec. 1, 2022 /PRNewswire/ -- Economic activity in the manufacturing sector contracted in November for the first time since May 2020 after 29 consecutive months of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:

"The November Manufacturing PMI® registered 49 percent, 1.2 percentage points lower than the 50.2 percent recorded in October. Regarding the overall economy, this figure indicates expansion for the 30th month in a row after contraction in April and May 2020. The Manufacturing PMI® figure is the lowest since May 2020, when it registered 43.5 percent. The New Orders Index remained in contraction territory at 47.2 percent, 2 percentage points lower than the 49.2 percent recorded in October. The Production Index memorizing of 51.5 percent is a 0.8-percentage point decrease compared to October's figure of 52.3 percent. The Prices Index registered 43 percent, down 3.6 percentage points compared to the October figure of 46.6 percent; this is the index's lowest memorizing since May 2020 (40.8 percent). The Backlog of Orders Index registered 40 percent, 5.3 percentage points lower than the October memorizing of 45.3 percent. The Employment Index returned to contraction territory (48.4 percent, down 1.6 percentage points) after being unchanged in October at 50 percent. The provider Deliveries Index memorizing of 47.2 percent is 0.4 percentage point higher than the October figure of 46.8 percent. Except for last month, the provider Deliveries Index hasn't been at this level since February 2012 (47 percent). The Inventories Index registered 50.9 percent, 1.6 percentage points lower than the October memorizing of 52.5 percent. The New Export Orders Index memorizing of 48.4 percent is up 1.9 percentage points compared to October's figure of 46.5 percent. The Imports Index dropped into contraction territory at 46.6 percent, 4.2 percentage points below the October memorizing of 50.8 percent."

Fiore continues, "The U.S. manufacturing sector dipped into contraction, with the Manufacturing PMI® at its lowest level since the coronavirus pandemic recovery began. With Business Survey Committee panelists reporting softening new order rates over the previous six months, the November composite index memorizing reflects companies' preparing for future lower output. Demand eased, with the (1) New Orders Index remaining in contraction territory, (2) New Export Orders Index below 50 percent for a fourth consecutive month, (3) Customers' Inventories Index effectively in 'just right' territory, climbing 7.1 percentage points, and (4) Backlog of Orders Index moving deeper into contraction. Output/Consumption (measured by the Production and Employment indexes) declined month over month, with a combined negative 2.4-percentage point impact on the Manufacturing PMI® calculation. The Employment Index moved back into contraction, and the Production Index decreased but still remained in modest growth territory. Panelists' companies confirm that they are continuing to manage head counts through a combination of hiring freezes, employee attrition, and now layoffs. Inputs — defined as provider deliveries, inventories, prices and imports — mostly accommodated future demand growth. The provider Deliveries Index indicated faster deliveries, and the Inventories Index expanded at a slower rate as panelists' companies continued to manage the total supply chain inventory. The Prices Index decreased for the ninth consecutive month, falling deeper into contraction territory.

"Of the six biggest manufacturing industries, two — Petroleum & Coal Products; and Transportation Equipment — registered weak-to-moderate growth in November.

"Manufacturing contracted in November after expanding for 29 straight months. Panelists' companies continue to judiciously manage hiring, other than October 2022, the month-over-month provider delivery performance was the best since February 2012 when it registered 47 percent, and material lead times declined approximately 9 percent from the prior month, approximately 18 percent over the last four months. Managing head counts and total supply chain inventories remain primary goals. Order backlogs, prices and now lead times are declining rapidly, which should bring buyers and sellers back to the table to refill order books based on 2023 business plans."

Six manufacturing industries reported growth in November, in the following order: Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Primary Metals; Miscellaneous Manufacturing; Petroleum & Coal Products; and Transportation Equipment. The 12 industries reporting contraction in November, in the following order, are: Printing & Related Support Activities; Wood Products; Paper Products; Textile Mills; Fabricated Metal Products; Furniture & Related Products; Chemical Products; Plastics & Rubber Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Machinery; and Electrical Equipment, Appliances & Components.

WHAT RESPONDENTS ARE SAYING

  • "Customer demand is softening, yet suppliers are maintaining high prices and record profits. Pushing for cost reductions based on market evidence has been surprisingly successful." [Computer & Electronic Products]

  • "Future volumes are on a downward trend for the next 60 days." [Chemical Products]

  • "Orders for transportation equipment remain strong. Supply chain issues persist, with minimal direct effect on output." [Transportation Equipment]

  • "Consumer goods are slowing down in several of our markets, although the U.S. economy seems decent. Cannot say the same for the European economy." [Food, Beverage & Tobacco Products]

  • "General economic uncertainty has created a slowdown in orders as we approach the end of the year, and many of our key customers are reducing their capital expenditures spend." [Machinery]

  • "Overall, things are worsening. Housing starts are down. We're doing well against our competitors, but the industry overall is down. We're sitting on cash (that is) tied up in inventory." [Electrical Equipment, Appliances & Components]

  • "The market remains consistent: sales match expectations; there are concerns about the impact of rising interest rates on customers; most suppliers have recovered on labor, but some are still struggling; and inflation seems to have peaked, but commodity price decreases have not been passed through to us. Lots of unknowns regarding impact to the European Union from the Russia-Ukraine war and questions about customer behavior in 2023." [Miscellaneous Manufacturing]

  • "There is caution going into 2023, but the commercial section of construction seems to still be going strong." [Nonmetallic Mineral Products]

  • "Looking into December and the first quarter of 2023, business is softening as uncertain economic conditions lie ahead." [Plastics & Rubber Products]

  • "Slight improvement on overall business conditions from the previous month." [Primary Metals]

MANUFACTURING AT A GLANCE
November 2022

Index

Series
Index

Nov

Series
Index

Oct

Percentage

Point

Change

Direction

Rate of
Change

Trend*
(Months)

Manufacturing PMI®

49.0

50.2

-1.2

Contracting

From Growing

1

New Orders

47.2

49.2

-2.0

Contracting

Faster

3

Production

51.5

52.3

-0.8

Growing

Slower

30

Employment

48.4

50.0

-1.6

Contracting

From Unchanged

1

Supplier Deliveries

47.2

46.8

+0.4

Faster

Slower

2

Inventories

50.9

52.5

-1.6

Growing

Slower

16

Customers' Inventories

48.7

41.6

+7.1

Too Low

Slower

74

Prices

43.0

46.6

-3.6

Decreasing

Faster

2

Backlog of Orders

40.0

45.3

-5.3

Contracting

Faster

2

New Export Orders

48.4

46.5

+1.9

Contracting

Slower

4

Imports

46.6

50.8

-4.2

Contracting

From Growing

1

OVERALL ECONOMY

Growing

Slower

30

Manufacturing Sector

Contracting

From Growing

1

Manufacturing ISM® Report On Business® data is seasonally adjusted for the New Orders, Production, Employment and Inventories indexes.
*Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY

Commodities Up in Price
Electrical Components; Electricity; Electronic Components (24); and Labor — Temporary (3).

Commodities Down in Price
Aluminum (7); Copper (2); Freight; Lumber (3); Ocean Freight (3); Plastic Resins (6); Polypropylene (4); Steel (7); Steel — Carbon (5); Steel — Hot Rolled (7); and Steel Products (5).

Commodities in Short Supply
Electrical Components (26); Electronic Components (24); Hydraulic Components (7); Rubber Based Products; Semiconductors (24); and Steel Products.

Note: The number of consecutive months the commodity is listed is indicated after each item.

NOVEMBER 2022 MANUFACTURING INDEX SUMMARIES

Manufacturing PMI®
The U.S. manufacturing sector contracted in November, as the Manufacturing PMI® registered 49 percent, 1.2 percentage points below the memorizing of 50.2 percent recorded in October. "After five months of flat or marginally positive change, the decrease last month took the Manufacturing PMI® into contraction. Of the five subindexes that directly factor into the Manufacturing PMI®, two (Production and Inventories) were in growth territory, though both eased. The PMI® registered its lowest level since May 2020, when the index was 43.5 percent. Of the six biggest manufacturing industries, two — Petroleum & Coal Products; and Transportation Equipment — registered weak-to-moderate growth in November. The Production Index decreased 0.8 percentage point, inching closer to contraction territory. Supply chain congestion continued to ease, indicated by the provider Deliveries Index showing faster deliveries. Only two of the 10 subindexes were positive for the period," says Fiore. A memorizing above 50 percent indicates that the manufacturing sector is generally expanding; below 50 percent indicates that it is generally contracting.

A Manufacturing PMI® above 48.7 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the November Manufacturing PMI® indicates the overall economy grew in November for the 30th consecutive month following contraction in April and May 2020. "The past relationship between the Manufacturing PMI® and the overall economy indicates that the Manufacturing PMI® for November (49 percent) corresponds to a 0.1-percent increase in real gross domestic product (GDP) on an annualized basis," says Fiore.

THE LAST 12 MONTHS

Month

Manufacturing
PMI®

Month

Manufacturing
PMI®

Nov 2022

49.0

May 2022

56.1

Oct 2022

50.2

Apr 2022

55.4

Sep 2022

50.9

Mar 2022

57.1

Aug 2022

52.8

Feb 2022

58.6

Jul 2022

52.8

Jan 2022

57.6

Jun 2022

53.0

Dec 2021

58.8

Average for 12 months – 54.4

High – 58.8

Low – 49.0

New Orders
ISM®'s New Orders Index contracted for the third consecutive month in November, registering 47.2 percent, a decrease of 2 percentage points compared to the 49.2 percent reported in October. "None of the six largest manufacturing sectors reported increased new orders. Price and lead time declines as well as backlog contraction should encourage buyers to reenter the market and sales agents to be more aggressive in seeking new business," says Fiore. (For more on lead times, see the Buying Policy section of this report.) A New Orders Index above 52.9 percent, over time, is generally consistent with an increase in the Census Bureau's series on manufacturing orders (in constant 2000 dollars).

Of the 18 manufacturing industries, only one reported growth in new orders in November: Apparel, Leather & Allied Products. Fourteen industries reported a decline in new orders in November, in the following order: Wood Products; Printing & Related Support Activities; Paper Products; Primary Metals; Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Machinery; Plastics & Rubber Products; Chemical Products; Transportation Equipment; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; and Computer & Electronic Products.

New Orders

%Higher

%Same

%Lower

Net

Index

Nov 2022

12.7

62.3

25.0

-12.3

47.2

Oct 2022

18.3

56.4

25.3

-7.0

49.2

Sep 2022

16.0

62.8

21.2

-5.2

47.1

Aug 2022

17.5

63.1

19.4

-1.9

51.3

Production
The Production Index registered 51.5 percent in November, 0.8 percentage point lower than the October memorizing of 52.3 percent, indicating growth for the 30th consecutive month. "Of the top six industries, only two — Computer & Electronic Products; and Transportation Equipment — expanded in November. Materials and labor availability continue to improve, as panelists' companies begin to significantly reduce their backlogs of overdue orders," says Fiore. An index above 52.4 percent, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures.

The seven industries reporting growth in production during the month of November — listed in order — are: Apparel, Leather & Allied Products; Primary Metals; Nonmetallic Mineral Products; Computer & Electronic Products; Plastics & Rubber Products; Transportation Equipment; and Electrical Equipment, Appliances & Components. The seven industries reporting a decrease in production in November — in the following order — are: Printing & Related Support Activities; Textile Mills; Furniture & Related Products; Machinery; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; and Fabricated Metal Products.

Production

%Higher

%Same

%Lower

Net

Index

Nov 2022

20.2

61.7

18.1

+2.1

51.5

Oct 2022

20.2

62.3

17.5

+2.7

52.3

Sep 2022

17.5

64.3

18.2

-0.7

50.6

Aug 2022

17.6

65.4

17.0

+0.6

50.4

Employment
ISM®'s Employment Index registered 48.4 percent in November, 1.6 percentage points lower than the October memorizing of 50 percent. "The index indicated employment contracted after being unchanged for one month. Of the six big manufacturing sectors, only two (Food, Beverage & Tobacco Products; and Machinery) expanded. Labor management sentiment continued to shift, with a number of panelists' companies reducing employment levels through hiring freezes, attrition, and now layoffs. In November, layoffs were mentioned in 14 percent of employment comments, up from 6 percent in October. Turnover rates remained consistent, with 30 percent of comments citing backfill and retirement issues, generally the same rate since September. For those companies expanding their workforces, comments continue to support an improving hiring environment," says Fiore. An Employment Index above 50.5 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment.

Of 18 manufacturing industries, seven reported employment growth in November, in the following order: Apparel, Leather & Allied Products; Primary Metals; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Food, Beverage & Tobacco Products; and Machinery. The five industries reporting a decrease in employment in November are: Textile Mills; Paper Products; Computer & Electronic Products; Chemical Products; and Fabricated Metal Products. Six industries reported no change in employment in November compared to October.

Employment

%Higher

%Same

%Lower

Net

Index

Nov 2022

12.8

70.6

16.6

-3.8

48.4

Oct 2022

16.0

68.9

15.1

+0.9

50.0

Sep 2022

17.5

60.3

22.2

-4.7

48.7

Aug 2022

19.3

68.3

12.4

+6.9

54.2

Supplier Deliveries
The delivery performance of suppliers to manufacturing organizations was faster for a second straight month in November, as the provider Deliveries Index registered 47.2 percent, 0.4 percentage point higher than the 46.8 percent reported in October. Prior to October, the last memorizing under 50 percent was in February 2016 (49.6 percent); this is the first time the index has spent consecutive months in "faster" territory since October-December 2015. Of the top six manufacturing industries, one (Petroleum & Coal Products) reported slower deliveries. "Although a touch slower than the previous month, the November memorizing indicates the best month-over-month provider deliveries performance in more than a decade (since February 2012, when the index registered 47 percent). In November, 86.1 percent of panelists reported 'same' or 'faster' delivery times. Panelists' comments overwhelmingly confirmed that suppliers performed better in November compared to previous months," says Fiore. A memorizing below 50 percent indicates faster deliveries, while a memorizing above 50 percent indicates slower deliveries.

Six of 18 manufacturing industries reported slower provider deliveries in November, in the following order: Apparel, Leather & Allied Products; Textile Mills; Petroleum & Coal Products; Nonmetallic Mineral Products; Primary Metals; and Miscellaneous Manufacturing. The 11 industries reporting faster provider deliveries in November as compared to October — in the following order — are: Wood Products; Electrical Equipment, Appliances & Components; Paper Products; Plastics & Rubber Products; Furniture & Related Products; Fabricated Metal Products; Chemical Products; Computer & Electronic Products; Machinery; Food, Beverage & Tobacco Products; and Transportation Equipment.

Supplier Deliveries

%Slower

%Same

%Faster

  Net

Index

Nov 2022

13.9

66.5

19.6

-5.7

47.2

Oct 2022

11.7

70.2

18.1

-6.4

46.8

Sep 2022

16.8

71.2

12.0

+4.8

52.4

Aug 2022

19.6

71.0

9.4

+10.2

55.1

Inventories
The Inventories Index registered 50.9 percent in November, 1.6 percentage points lower than the 52.5 percent reported for October. "Manufacturing inventories expanded at a slower rate compared to October. The index recorded its lowest level since July 2021, when it registered 49.1 percent. Of the six big manufacturing industries, four (Machinery; Computer & Electronic Products; Transportation Equipment; and Chemical Products) increased manufacturing raw material inventories in November. Panelists' companies continue their efforts to reduce their total supply chain inventories, indicated by the contraction in new orders, slow expansion in manufacturing inventories and the 'just right' level of customers' inventories," says Fiore. An Inventories Index greater than 44.4 percent, over time, is generally consistent with expansion in the Bureau of Economic Analysis (BEA) figures on overall manufacturing inventories (in chained 2000 dollars).

Of 18 manufacturing industries, the eight reporting higher inventories in November — in the following order — are: Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Primary Metals; Machinery; Computer & Electronic Products; Transportation Equipment; and Chemical Products. The eight industries reporting contracting inventories in November — in the following order — are: Printing & Related Support Activities; Wood Products; Textile Mills; Apparel, Leather & Allied Products; Paper Products; Fabricated Metal Products; Petroleum & Coal Products; and Plastics & Rubber Products.

Inventories

%Higher

%Same

%Lower

Net

Index

Nov 2022

20.9

58.3

20.8

+0.1

50.9

Oct 2022

21.6

63.3

15.1

+6.5

52.5

Sep 2022

23.0

64.9

12.1

+10.9

55.5

Aug 2022

23.2

62.9

13.9

+9.3

53.1

Customers' Inventories
ISM®'s Customers' Inventories Index registered 48.7 percent in November, 7.1 percentage points higher than the 41.6 percent reported for October. "Customers' inventory levels are considered essentially 'just right.' The index recorded its highest level since April 2020 (48.8 percent). The current index level is no longer providing positive support to future manufacturing expansion," says Fiore.

Six industries reported customers' inventories as too high in November, in the following order: Textile Mills; Paper Products; Wood Products; Primary Metals; Chemical Products; and Electrical Equipment, Appliances & Components. The eight industries reporting customers' inventories as too low in November — listed in order — are: Nonmetallic Mineral Products; Machinery; Petroleum & Coal Products; Miscellaneous Manufacturing; Transportation Equipment; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Fabricated Metal Products.

Customers'
Inventories

%
Reporting

%Too
High

%About
Right

%Too
Low

Net

Index

Nov 2022

77

20.6

56.2

23.2

-2.6

48.7

Oct 2022

74

13.4

56.3

30.3

-16.9

41.6

Sep 2022

73

13.5

56.1

30.4

-16.9

41.6

Aug 2022

75

12.2

53.4

34.4

-22.2

38.9

Prices
The ISM® Prices Index registered 43 percent in November, 3.6 percentage points lower compared to the October memorizing of 46.6 percent, indicating raw materials prices decreased for the second time in 29 months. This is the index's lowest level since a memorizing of 40.8 percent in May 2020. Over the past eight months, the index has decreased 44.1 percentage points, including a combined 26-percentage point plunge in July and August. None of the top six manufacturing industries reported increases in prices in November. "Price declines continue to be driven by relaxation in energy markets, copper, steel, aluminum, plastics, corrugate and as well as volatility in freight costs. Notably, 87 percent of respondents reported paying the same or lower prices in November, compared to 80 percent in October," says Fiore. A Prices Index above 52.6 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Materials.

In November, only one industry reported paying increased prices for raw materials: Miscellaneous Manufacturing. The 10 industries reporting paying decreased prices for raw materials in November — in the following order — are: Textile Mills; Wood Products; Furniture & Related Products; Fabricated Metal Products; Plastics & Rubber Products; Transportation Equipment; Chemical Products; Electrical Equipment, Appliances & Components; Machinery; and Computer & Electronic Products. Seven industries reported no change in prices in November compared to October.

Prices

%Higher

%Same

%Lower

Net

Index

Nov 2022

13.1

59.8

27.1

-14.0

43.0

Oct 2022

19.7

53.8

26.5

-6.8

46.6

Sep 2022

31.4

40.5

28.1

+3.3

51.7

Aug 2022

31.7

41.6

26.7

+5.0

52.5

Backlog of Orders
ISM®'s Backlog of Orders Index registered 40 percent in November, a 5.3-percentage point decrease compared to October's memorizing of 45.3 percent, indicating order backlogs contracted for the second consecutive month after a 27-month period of expansion. Of the six largest manufacturing sectors, only one — Machinery — expanded order backlogs in November. "Backlogs contracted again in November at a notable rate, as weak new order levels combined with production expansion negatively impacted manufacturing books of business," says Fiore. "The index recorded its lowest level since May 2020, when it registered 38.2 percent."

Two industries reported growth in order backlogs in November: Apparel, Leather & Allied Products; and Machinery. Twelve industries reported lower backlogs in November, in the following order: Wood Products; Textile Mills; Printing & Related Support Activities; Paper Products; Primary Metals; Furniture & Related Products; Chemical Products; Plastics & Rubber Products; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; and Fabricated Metal Products.

Backlog of
Orders

%
Reporting

%Higher

%Same

%Lower

Net

Index

Nov 2022

91

13.7

52.6

33.7

-20.0

40.0

Oct 2022

93

17.4

55.8

26.8

-9.4

45.3

Sep 2022

90

25.5

50.8

23.7

+1.8

50.9

Aug 2022

93

24.6

56.7

18.7

+5.9

53.0

New Export Orders ISM®'s New Export Orders Index registered 48.4 percent in November, 1.9 percentage points higher than the October memorizing of 46.5 percent. "The New Export Orders Index contracted in November for the fourth consecutive month after 25 straight months in expansion territory. Weakness in European economies and China's economic sluggishness, as well as the strong dollar, continued to constrain new export order activity and negatively impact new order rates," says Fiore.

Three industries reported growth in new export orders in November: Nonmetallic Mineral Products; Plastics & Rubber Products; and Food, Beverage & Tobacco Products. The four industries reporting a decrease in new export orders in November are: Fabricated Metal Products; Chemical Products; Machinery; and Computer & Electronic Products. Ten industries reported no change in new export orders in November compared to October.

New Export
Orders

%
Reporting

%Higher

%Same

%Lower

Net

Index

Nov 2022

72

11.2

74.4

14.4

-3.2

48.4

Oct 2022

73

6.7

79.5

13.8

-7.1

46.5

Sep 2022

72

9.4

76.7

13.9

-4.5

47.8

Aug 2022

75

9.9

79.0

11.1

-1.2

49.4

Imports
ISM®'s Imports Index registered 46.6 percent in November, a decrease of 4.2 percentage points compared to October's figure of 50.8 percent. "The index moved into contraction in November after five months of expansion, dropping to its lowest level since May 2020 (41.3 percent)," says Fiore.

The four industries reporting growth in imports in November are: Apparel, Leather & Allied Products; Computer & Electronic Products; Miscellaneous Manufacturing; and Transportation Equipment. Nine industries reported lower volumes of imports in November, in the following order: Wood Products; Paper Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Chemical Products; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Machinery; and Food, Beverage & Tobacco Products.

Imports

% Reporting

%Higher

%Same

%Lower

Net

Index

Nov 2022

84

10.2

72.8

17.0

-6.8

46.6

Oct 2022

84

9.3

82.9

7.8

+1.5

50.8

Sep 2022

83

15.2

74.8

10.0

+5.2

52.6

Aug 2022

83

15.6

73.8

10.6

+5.0

52.5

The provider Deliveries, Customers' Inventories, Prices, Backlog of Orders, New Export Orders, and Imports indexes do not meet the accepted criteria for seasonal adjustments.

Buying Policy
The average commitment lead time for Capital Expenditures in November was 177 days, a decrease of two days compared to October. Average lead time in November for Production Materials was 84 days, a decrease of nine days. Average lead time for Maintenance, Repair and Operating (MRO) Supplies was 44 days, a decrease of four days.

Percent Reporting

Capital
Expenditures

Hand-to-
Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average
Days

Nov 2022

16

4

8

11

33

28

177

Oct 2022

16

6

6

12

30

30

179

Sep 2022

16

5

7

11

32

29

178

Aug 2022

18

5

6

11

29

31

180

Percent Reporting

Production Materials

Hand-to-
Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average
Days

Nov 2022

8

23

25

27

13

4

84

Oct 2022

8

21

26

25

13

7

93

Sep 2022

9

24

24

22

13

8

94

Aug 2022

7

22

24

25

15

7

96

Percent Reporting

MRO Supplies

Hand-to-
Mouth

30 Days

60 Days

90 Days

6 Months

1 Year+

Average
Days

Nov 2022

30

34

17

15

3

1

44

Oct 2022

27

36

16

15

5

1

48

Sep 2022

26

35

19

15

4

1

48

Aug 2022

26

34

21

14

5

0

46

About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2022.

The data presented herein is obtained from a survey of manufacturing supply executives based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Manufacturing ISM® Report On Business® is based on data compiled from purchasing and supply executives nationwide. The composition of the Manufacturing Business Survey Committee is stratified according to the North American Industry Classification System (NAICS) and each of the following NAICS-based industry's contribution to gross domestic product (GDP): Food, Beverage & Tobacco Products; Textile Mills; Apparel, Leather & Allied Products; Wood Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Primary Metals; Fabricated Metal Products; Machinery; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Furniture & Related Products; and Miscellaneous Manufacturing (products such as medical equipment and supplies, jewelry, sporting goods, toys and office supplies). The data are weighted based on each industry's contribution to GDP. According to the BEA estimates for 2020 GDP (released December 22, 2021), the six largest manufacturing subsectors are: Computer & Electronic Products; Chemical Products; Transportation Equipment; Petroleum & Coal Products; Food, Beverage & Tobacco Products; and Machinery. Beginning in February 2018 with January 2018 data, computation of the indexes is accomplished utilizing unrounded numbers.

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, provider Deliveries, Inventories, Customers' Inventories, Employment and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction (higher, better and slower for provider Deliveries) and the negative economic direction (lower, worse and faster for provider Deliveries), and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive).

The resulting single index number for those meeting the criteria for seasonal adjustments (Manufacturing PMI®, New Orders, Production, Employment and Inventories) is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The Manufacturing PMI® is a composite index based on the diffusion indexes of five of the indexes with equal weights: New Orders (seasonally adjusted), Production (seasonally adjusted), Employment (seasonally adjusted), provider Deliveries, and Inventories (seasonally adjusted).

Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. A Manufacturing PMI® reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. A Manufacturing PMI® above 48.7 percent, over a period of time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 48.7 percent, it is generally declining. The distance from 50 percent or 48.7 percent is indicative of the extent of the expansion or decline. With some of the indicators within this report, ISM® has indicated the departure point between expansion and decline of comparable government series, as determined by regression analysis. The Manufacturing ISM® Report On Business® survey is sent out to Manufacturing Business Survey Committee respondents the first part of each month. Respondents are asked to report on information for the current month for U.S. operations only. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to supply the most accurate picture of current business activity. ISM® then compiles the report for release on the first business day of the following month.

The industries reporting growth, as indicated in the Manufacturing ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

Responses to Buying Policy reflect the percent reporting the current month's lead time, the approximate weighted number of days ahead for which commitments are made for Capital Expenditures; Production Materials; and Maintenance, Repair and Operating (MRO) Supplies, expressed as hand-to-mouth (five days), 30 days, 60 days, 90 days, six months (180 days), a year or more (360 days), and the weighted average number of days. These responses are raw data, never revised, and not seasonally adjusted.

ISM ROB Content
The Institute for Supply Management® ("ISM") Report On Business® (both Manufacturing and Non-Manufacturing) ("ISM ROB") contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, "Content") of ISM ("ISM ROB Content"). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including but not limited to tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 West Elliot Road, Suite 113, Tempe, Arizona 85284-1556, or by emailing kcahill@ismworld.org. Subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business®, PMI®, and NMI® are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management®
Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM® Report On Business®, its highly regarded certification programs and the ISM® Advance Digital Platform. This report has been issued by the association since 1931, except for a four-year interruption during World War II.

The full text version of the Manufacturing ISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the first business day* of every month after 10:00 a.m. ET.

The next Manufacturing ISM® Report On Business® featuring December 2022 data will be released at 10:00 a.m. ET on Wednesday, January 4, 2023.

*Unless the New York Stock Exchange is closed.

Contact:

Kristina Cahill

Report On Business® Analyst

ISM®, ROB/Research Manager

Tempe, Arizona

+1 480.455.5910

Email: kcahill@ismworld.org

Institute for Supply Management logo. (PRNewsFoto/Institute for Supply Management) (PRNewsfoto/Institute for Supply Management)

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SOURCE Institute for Supply Management

Thu, 01 Dec 2022 01:03:00 -0600 en-US text/html https://finance.yahoo.com/news/manufacturing-pmi-49-november-2022-150000642.html
Killexams : Ensuring Your Project Management Strategy Keeps Pace With Your Needs

Yaniv Shor is the founder and CEO of Proggio and the author of the book Time to Deliver, a must read for project managers. About Proggio.

Between the shift to remote work and the accelerating speed of business, project managers have their hands more than full. Juggling multiple projects and multiple teams across multiple locations, as well as relying on multiple software tools to keep everything straight, is enough to make even the most experienced PM feel overwhelmed.

Part of the problem is the fact that the tools most PMs have available haven't kept pace with the evolution and demands of modern project management. Many are still relying on static Excel spreadsheets to track project status and PowerPoint to create reports. According to the Project Management Institute (PMI), 30% of organizations only consider methods that have proved effective for them in the past. In other words, they stick with the status quo.

That's a serious problem because it directly hinders their success. PMI data shows that organizations that can adapt and evolve are nearly twice as agile, more productive and able to deliver better value—meeting their project objectives while staying on budget and with less waste. On the other hand, organizations that can't react quickly to change or are unable to forecast trends and capitalize on them are at risk of being quickly passed up by the competition.

If it's time for a PM modernization effort within your organization, here are some tips to guide the process.

1. Clarify your needs. Modern PM solutions run the gamut from providing top-level project portfolio management to complete end-to-end platforms that include granular task management. Not every organization needs a soup-to-nuts solution. Giving your PMs a powerful project portfolio management platform and allowing end users to continue with the task management tools of their choice may be just fine.

2. Identify your user base. Who is your intended audience? Are they experienced, certified PMPs or business end users with no formal project management experience? While both deserve a solution that's intuitive and easy to use for their level of experience, there's no need to overcomplicate things. Too many features can be overwhelming.

3. Develop a sound organizational structure. For some organizations, it's not just their tools that aren't working—it's their entire structure. Doing the same thing you've always done but adding a new tool won't fix the lack of communication, organization and structure. Consider restructuring business units, if needed, and identifying champions for units or departments so that each has a designated representative.

4. Establish a framework for prioritizing. Regardless of how you manage projects, each one that you undertake must have a direct tie to your overall business strategy. Before diving headfirst into every new idea, establish criteria for deciding what to work on, how new projects will be prioritized and who makes that call. Instead of doing projects for the sake of doing projects, make sure you're working on projects that actually move the needle in terms of business growth.

In order to successfully deploy any new project management strategy, you'll want to make sure you have the capability to address these four key factors that can make or break your program.

• Visibility. The problem with using Excel or even Gantt charts to track project status is that they're perpetually outdated. The entire team depends on the PM to make updates to the timeline by culling through emails, Slack messages and sticky notes. Meanwhile, work on the project is ongoing, so there's virtually no way the PM can keep up.

Look to incorporate real-time visibility to help your team plan ahead and be ready for the next task or phase. A clearer view of project statuses can also allow PMs and project leaders to spot roadblocks sooner so they can adapt quickly before falling behind schedule.

• Efficient reporting. PMs often spend hours compiling data from a myriad of sources into a PowerPoint deck to report to stakeholders. By the time this report is delivered, it's already old news. This is not only an inefficient use of PMPs' time and talent, but it also means leadership never gets a clear picture of project status. It may not find out things are going poorly until they've gone completely off the rails, putting the entire project in jeopardy.

Look to establish systems for efficient, real-time reporting in order to keep stakeholders up to date, which can save the entire organization a tremendous amount of time. Reporting is a critical part of project management, so addressing it upfront can prevent a huge hassle and headache down the road.

• Adaptability. How many times have you been sitting in a meeting, and there's a request to change priorities or objectives? Other times, things go wrong—a setback, a technical glitch or another hurdle means missing an important milestone. These events have obvious downstream effects, but in most organizations, those are hard to quantify.

Ensure you have the ability to adapt to changes. Seeing how a priority change or a roadblock will impact future milestones, project completion and deliverables across the portfolio is essential. Without it, the organization is flying blind and crossing its fingers that everything will work out in the end.

• Resource planning. Employees are already feeling overworked and stressed out, and nearly one in five project managers has considered leaving the profession largely because of burnout. No organization can afford to lose great talent right now (or ever).

Look to create an efficient resource planning process in order to not only prevent burnout but also make sure projects actually get across the finish line. By prioritizing projects around business objectives and gaining clarity into who's working on what, your organization can be much more effective at managing workloads and ensuring projects get over the finish line on time.

While it's reasonable to encounter some challenges as you modernize your project management approach, it's also important that you keep an open mind and be willing to try something new. Having a modern, adaptable project management strategy can supply you the clarity and agility you need to gain and maintain a competitive advantage in a fast-moving business environment.


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Fri, 02 Dec 2022 00:25:00 -0600 Yaniv Shor en text/html https://www.forbes.com/sites/forbestechcouncil/2022/12/02/ensuring-your-project-management-strategy-keeps-pace-with-your-needs/
Killexams : Philippines Manufacturing PMI Inches Higher In November - S&P Global

(RTTNews) - The manufacturing sector in the Philippines continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.7.

That's up from 52.6 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Demand conditions remained strong midway through the fourth quarter, as Filipino manufacturing output and factory orders grew for the third consecutive month. Moreover, the rates of increase recorded were the fastest since June. The latest upturns were strong in context of historical data.

That said, export conditions remained weak during November, thereby extending the current sequence of contraction in new export orders observed since March. Weak foreign client demand weighed on total new order growth across the sector which was primarily driven by domestic demand. Nonetheless, the downturn in export sales softened from October's exact low.

Wed, 30 Nov 2022 12:12:00 -0600 en text/html https://markets.businessinsider.com/news/interestrates/philippines-manufacturing-pmi-inches-higher-in-november-s-p-global-1031946509
Killexams : Services PMI® at 56.5%; November 2022 Services ISM® Report On Business®

Business Activity Index at 64.7%; New Orders Index at 56%; Employment Index at 51.5%; provider Deliveries Index at 53.8%

TEMPE, Ariz., Dec. 5, 2022 /PRNewswire/ -- Economic activity in the services sector grew in November for the 30th month in a row — with the Services PMI® registering 56.5 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In November, the Services PMI® registered 56.5 percent, 2.1 percentage points higher than October's memorizing of 54.4 percent. The Business Activity Index registered 64.7 percent, a substantial increase of 9 percentage points compared to the memorizing of 55.7 percent in October. The New Orders Index figure of 56 percent is 0.5 percentage point lower than the October memorizing of 56.5 percent.

"The provider Deliveries Index registered 53.8 percent, 2.4 percentage points lower than the 56.2 percent reported in October. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a memorizing of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

"The Prices Index was down 0.7 percentage point in November, to 70 percent. Services businesses still continue to struggle to replenish their stocks, as the Inventories Index contracted for the sixth consecutive month; the memorizing of 47.9 percent is up 0.7 percentage point from October's figure of 47.2 percent. The Inventory Sentiment Index (44.2 percent, down 2.2 percentage points from October's memorizing of 46.4 percent) contracted for the fourth month in a row.

"According to the Services PMI®, 13 industries reported growth. The composite index indicated growth for the 30th consecutive month after a two-month contraction in April and May 2020. Growth continues at a faster rate for the services sector, which has expanded for all but two of the last 154 months. The sector had an uptick in growth after pulling back in the previous two months. The rate of growth increased in November due to increases in business activity and employment."

Nieves continues, "Supplier deliveries continued to slow, albeit at a slower rate in November. Based on comments from Business Survey Committee respondents, increased capacity and shorter lead times have resulted in a continued improvement in supply chain and logistics performance. A new fiscal period and the holiday season have contributed to stronger business activity and increased employment."

INDUSTRY PERFORMANCE
The 13 services industries reporting growth in November — listed in order — are: Real Estate, Rental & Leasing; Mining; Agriculture, Forestry, Fishing & Hunting; Other Services; Construction; Health Care & Social Assistance; Public Administration; Retail Trade; Professional, Scientific & Technical Services; Accommodation & Food Services; Utilities; Transportation & Warehousing; and Educational Services. The three industries reporting a decrease in the month of November are: Management of Companies & Support Services; Wholesale Trade; and Information.

WHAT RESPONDENTS ARE SAYING

  • "Business is doing well, almost back to pre-coronavirus pandemic volumes." [Agriculture, Forestry, Fishing & Hunting]

  • "Generally unchanged month over month. New business requests are solid, with costs rising steadily for materials, meals and lodging." [Construction]

  • "Still long lead times for service-related needs. A slight downturn in fuel costs in this region, but we are still experiencing supply chain shortages and delays." [Educational Services]

  • "The labor forecast has improved, which has led to our ability to increase caseload, translating to higher surgical volumes. Some medical/surgical goods categories remain constrained — Vacutainer (blood collection tubes), wound care kits, syringes, hypodermic needles — but seeing modest improvement in other categories. Despite the uptick in RSV (respiratory syncytial virus) and flu, we anticipate that business activity will remain strong through the end of 2022." [Health Care & Social Assistance]

  • "The demand for energy services remains very strong for the foreseeable future." [Mining]

  • "No change from previous months — strong RFQ activity from our customers, but we're struggling to get electronic materials. Suppliers are still holding to lead times between eight and 12 months for simple components. We don't see this improving in 2023." [Other Services]

  • "Job openings are seemingly continuing to decrease, but with demand for top talent still high and availability still rather scarce, the opportunity for growth is still there." [Professional, Scientific & Technical Services]

  • "Overall business is stable. Employment is low and inflation is lower than last month. Supply chain issues are stabilizing." [Retail Trade]

  • "Still struggling with recruitment, though we are starting to see more (higher quality) applicants, and (we are) hopeful the situation will quantitatively change in the first quarter of 2023. There are still struggles with longer-than-usual lead times affecting monthly delivery schedules." [Transportation & Warehousing]

  • "Local, regional and national supply constraints continue to create supply chain complexities and challenges." [Utilities]

  • "Business volume appears to be leveling out based on a month-over-month comparison, although we are up significantly when compared to the same month last year." [Wholesale Trade]

ISM® SERVICES SURVEY RESULTS AT A GLANCE

COMPARISON OF ISM® SERVICES AND ISM® MANUFACTURING SURVEYS

NOVEMBER 2022

Index

 Services PMI®

Manufacturing PMI®

Series
Index

Nov

Series
Index

Oct

Percent
Point
Change

Direction

Rate of
Change

Trend*

(Months)

Series
Index

Nov

Series
Index

Oct

Percent
Point
Change

Services
PMI
®

56.5

54.4

+2.1

Growing

Faster

30

49.0

50.2

-1.2

Business
Activity/

Production

64.7

55.7

+9.0

Growing

Faster

30

51.5

52.3

-0.8

New Orders

56.0

56.5

-0.5

Growing

Slower

30

47.2

49.2

-2.0

Employment

51.5

49.1

+2.4

Growing

From
Contracting

1

48.4

50.0

-1.6

Supplier
Deliveries

53.8

56.2

-2.4

Slowing

Slower

42

47.2

46.8

+0.4

Inventories

47.9

47.2

+0.7

Contracting

Slower

6

50.9

52.5

-1.6

Prices

70.0

70.7

-0.7

Increasing

Slower

66

43.0

46.6

-3.6

Backlog of
Orders

51.8

52.2

-0.4

Growing

Slower

23

40.0

45.3

-5.3

New Export
Orders

38.4

47.7

-9.3

Contracting

Faster

2

48.4

46.5

+1.9

Imports

59.5

50.4

+9.1

Growing

Faster

3

46.6

50.8

-4.2

Inventory
Sentiment

44.2

46.4

-2.2

Too Low

Faster

4

N/A

N/A

N/A

Customers'
Inventories

N/A

N/A

N/A

N/A

N/A

N/A

48.7

41.6

+7.1

OVERALL ECONOMY

Growing

Faster

30

Services Sector

Growing

Faster

30

Services ISM® Report On Business® data is seasonally adjusted for the Business Activity, New Orders, Employment and Prices indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Inventories indexes.
*Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY

Commodities Up in Price
Batteries; Construction Services; Diesel Fuel (2); Electrical Components (22); Fuel* (2); Gasoline* (2); Janitorial Maintenance Supplies; Labor (24); Labor — Full-Time; Labor — Technology and Web Related; Needles and Syringes; Pallets; and Services.

Commodities Down in Price
Fuel* (4); Gasoline* (4); and Steel Products.

Commodities in Short Supply
Chemicals; Concrete (2); Electronic Components; Janitorial Supplies; Labor; Plastic Products; Semiconductors (2); Transformers (3); and Vehicles (5).

Note: The number of consecutive months the commodity is listed is indicated after each item. *Indicates both up and down in price.

NOVEMBER 2022 SERVICES INDEX SUMMARIES

Services PMI®

In November, the Services PMI® registered 56.5 percent, a 2.1-percentage point increase compared to the October memorizing of 54.4 percent. The 12-month average is 57.2 percent, reflecting consistently strong growth in the services sector, which has expanded for 30 consecutive months. A memorizing above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates it is generally contracting.

A Services PMI® above 50.1 percent, over time, generally indicates an expansion of the overall economy. Therefore, the November Services PMI® indicates the overall economy has followed the same path as the services sector: expansion for 30 straight months following two months of contraction and a preceding period of 122 months of growth. Nieves says, "The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for November (56.5 percent) corresponds to a 2.3-percent increase in real gross domestic product (GDP) on an annualized basis."

SERVICES PMI® HISTORY

Month

Services PMI®

Month

Services PMI®

Nov 2022

56.5

May 2022

55.9

Oct 2022

54.4

Apr 2022

57.1

Sep 2022

56.7

Mar 2022

58.3

Aug 2022

56.9

Feb 2022

56.5

Jul 2022

56.7

Jan 2022

59.9

Jun 2022

55.3

Dec 2021

62.3

Average for 12 months – 57.2

High – 62.3

Low – 54.4

Business Activity

ISM®'s Business Activity Index registered 64.7 percent in November, a notable increase of 9 percentage points from the memorizing of 55.7 percent in October, indicating growth for the 30th consecutive month. Comments from respondents include: "Gaining more business" and "Demand for our services is increasing."

The 13 industries reporting an increase in business activity for the month of November — listed in order — are: Real Estate, Rental & Leasing; Accommodation & Food Services; Mining; Other Services; Public Administration; Construction; Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Information; Professional, Scientific & Technical Services; Retail Trade; Transportation & Warehousing; and Wholesale Trade. The one industry reporting a decrease in business activity for the month of November is Finance & Insurance.

Business Activity

%Higher

%Same

%Lower

Index

Nov 2022

33.4

56.9

9.7

64.7

Oct 2022

28.8

53.0

18.2

55.7

Sep 2022

32.5

56.7

10.8

59.1

Aug 2022

27.6

59.7

12.7

60.9

New Orders

ISM®'s New Orders Index registered 56 percent, down 0.5 percentage point from the October memorizing of 56.5 percent. New orders grew for the 30th consecutive month after two months of contraction and a preceding period of 128 months of expansion. Comments from respondents include: "New customers added as our business continues to grow" and "Starting new fiscal year; ramping up projects."

Twelve industries reported growth of new orders in November, in the following order: Real Estate, Rental & Leasing; Other Services; Retail Trade; Accommodation & Food Services; Agriculture, Forestry, Fishing & Hunting; Mining; Public Administration; Transportation & Warehousing; Health Care & Social Assistance; Construction; Professional, Scientific & Technical Services; and Utilities. The four industries reporting a decrease in new orders in November are: Management of Companies & Support Services; Wholesale Trade; Information; and Educational Services.

New Orders

%Higher

%Same

%Lower

Index

Nov 2022

30.4

49.6

20.0

56.0

Oct 2022

29.3

52.1

18.6

56.5

Sep 2022

36.8

52.4

10.8

60.6

Aug 2022

30.1

55.7

14.2

61.8

Employment

Employment activity in the services sector grew in November after contracting in October. ISM®'s Employment Index registered 51.5 percent, up 2.4 percentage points from the October memorizing of 49.1 percent. Comments from respondents include: "Slow improvement in staffing levels" and "Recruitment fairs have helped enable open positions to be filled."

The nine industries reporting an increase in employment in November — listed in order — are: Mining; Retail Trade; Agriculture, Forestry, Fishing & Hunting; Arts, Entertainment & Recreation; Construction; Public Administration; Health Care & Social Assistance; Professional, Scientific & Technical Services; and Utilities. The six industries reporting a decrease in employment in November — listed in order — are: Management of Companies & Support Services; Transportation & Warehousing; Accommodation & Food Services; Information; Educational Services; and Finance & Insurance.

Employment

%Higher

%Same

%Lower

Index

Nov 2022

21.3

57.9

20.8

51.5

Oct 2022

21.3

54.2

24.5

49.1

Sep 2022

23.7

58.4

17.9

53.0

Aug 2022

20.4

57.2

22.4

50.2

Supplier Deliveries

The provider Deliveries Index registered 53.8 percent, down 2.4 percentage points from the 56.2 percent recorded in October. A memorizing above 50 percent indicates slower deliveries, while a memorizing below 50 percent indicates faster deliveries. Comments from respondents include: "Supply chain issues easing" and "Reduced production times and transit times."

The nine industries reporting slower deliveries in November — listed in order — are: Real Estate, Rental & Leasing; Mining; Health Care & Social Assistance; Construction; Finance & Insurance; Educational Services; Other Services; Transportation & Warehousing; and Utilities. The six industries reporting faster provider deliveries for the month of November — listed in order — are: Wholesale Trade; Retail Trade; Arts, Entertainment & Recreation; Accommodation & Food Services; Information; and Professional, Scientific & Technical Services.

Supplier Deliveries

%Slower

%Same

%Faster

Index

Nov 2022

17.8

71.9

10.3

53.8

Oct 2022

18.8

74.8

6.4

56.2

Sep 2022

18.1

71.6

10.3

53.9

Aug 2022

20.6

67.8

11.6

54.5

Inventories

The Inventories Index contracted in November for the sixth consecutive month after four straight months of growth preceded by an eight-month period of contraction. The memorizing of 47.9 percent was a 0.7-percentage point increase from the 47.2 percent reported in October. Of the total respondents in November, 34 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "Trying to unload back stock purchased during provider shortage period" and "Supply chain is improving; production and services are up." Also: "No need to stock up more than needed, as inventory is being used faster than expected."

The nine industries reporting an increase in inventories in November — listed in order — are: Arts, Entertainment & Recreation; Public Administration; Agriculture, Forestry, Fishing & Hunting; Utilities; Information; Wholesale Trade; Educational Services; Health Care & Social Assistance; and Professional, Scientific & Technical Services. The six industries reporting a decrease in inventories in November — listed in order — are: Accommodation & Food Services; Real Estate, Rental & Leasing; Management of Companies & Support Services; Mining; Retail Trade; and Construction.

Inventories

%Higher

%Same

%Lower

Index

Nov 2022

17.2

61.4

21.4

47.9

Oct 2022

17.3

59.8

22.9

47.2

Sep 2022

14.2

59.8

26.0

44.1

Aug 2022

13.9

64.5

21.6

46.2

Prices

Prices paid by services organizations for materials and services increased in November for the 66th consecutive month, with the index registering 70 percent, 0.7 percentage point lower than the 70.7 percent recorded in October. The Prices Index continues to indicate movement toward equilibrium, with a fifth consecutive memorizing near or below 70 percent, following nine straight months of readings above 80 percent.

Sixteen services industries reported an increase in prices paid during the month of November, in the following order: Accommodation & Food Services; Real Estate, Rental & Leasing; Health Care & Social Assistance; Management of Companies & Support Services; Public Administration; Educational Services; Utilities; Information; Agriculture, Forestry, Fishing & Hunting; Other Services; Professional, Scientific & Technical Services; Arts, Entertainment & Recreation; Mining; Retail Trade; Transportation & Warehousing; and Finance & Insurance. The two industries reporting prices unchanged in the month of November are: Wholesale Trade; and Construction. No industry reported a decrease in prices for November.

Prices

%Higher

%Same

%Lower

Index

Nov 2022

42.7

50.7

6.6

70.0

Oct 2022

47.5

45.6

6.9

70.7

Sep 2022

42.6

51.2

6.2

68.7

Aug 2022

49.3

42.6

8.1

71.5

NOTE: Commodities reported as up in price and down in price are listed in the commodities section of this report.

Backlog of Orders

The ISM® Services Backlog of Orders Index grew in November for the 23rd consecutive month. The index registered 51.8 percent, 0.4 percentage point lower than the October memorizing of 52.2 percent. Of the total respondents in November, 32 percent indicated they do not measure backlog of orders. Respondent comments include: "Supply chain transportation improvements" and "Slightly more capacity in the supply chain."

The eight industries reporting an increase in order backlogs in November — listed in order — are: Accommodation & Food Services; Real Estate, Rental & Leasing; Information; Other Services; Educational Services; Health Care & Social Assistance; Construction; and Professional, Scientific & Technical Services. The five industries reporting a decrease in order backlogs in November are: Management of Companies & Support Services; Finance & Insurance; Public Administration; Wholesale Trade; and Utilities.

Backlog of Orders

%Higher

%Same

%Lower

Index

Nov 2022

19.4

64.7

15.9

51.8

Oct 2022

25.2

53.9

20.9

52.2

Sep 2022

23.2

58.5

18.3

52.5

Aug 2022

21.7

64.5

13.8

53.9

New Export Orders

Orders and requests for services and other non-manufacturing activities to be provided outside of the U.S. by domestically based companies contracted in November for the second consecutive month after an eight-month period of growth. The New Export Orders Index registered 38.4 percent, its lowest memorizing since April 2020 (36.3 percent) and a 9.3-percentage point decrease from the 47.7 percent reported in October. Of the total respondents in November, 78 percent indicated they do not perform, or do not separately measure, orders for work outside of the U.S.

The three industries reporting an increase in new export orders in November are: Mining; Utilities; and Wholesale Trade. The eight industries reporting a decrease in new export orders in November — listed in order — are: Real Estate, Rental & Leasing; Management of Companies & Support Services; Construction; Agriculture, Forestry, Fishing & Hunting; Other Services; Accommodation & Food Services; Educational Services; and Transportation & Warehousing. Seven industries indicated no change in new export orders in November.

New Export Orders

%Higher

%Same

%Lower

Index

Nov 2022

9.1

58.6

32.3

38.4

Oct 2022

15.1

65.1

19.8

47.7

Sep 2022

35.0

60.2

4.8

65.1

Aug 2022

26.5

70.9

2.6

61.9

Imports

The Imports Index grew for the third consecutive month in November after three previous months of contraction, registering 59.5 percent, up 9.1 percentage points from October's memorizing of 50.4 percent. Seventy-five percent of respondents reported that they do not use, or do not track the use of, imported materials.

The six industries reporting an increase in imports for the month of November — listed in order — are: Real Estate, Rental & Leasing; Information; Retail Trade; Construction; Wholesale Trade; and Utilities. The five industries that reported a decrease in imports in November are: Arts, Entertainment & Recreation; Agriculture, Forestry, Fishing & Hunting; Accommodation & Food Services; Educational Services; and Health Care & Social Assistance. Seven industries reported no change in imports in November.

Imports

%Higher

%Same

%Lower

Index

Nov 2022

25.3

68.4

6.3

59.5

Oct 2022

5.7

89.3

5.0

50.4

Sep 2022

10.1

82.4

7.5

51.3

Aug 2022

8.0

80.3

11.7

48.2

Inventory Sentiment

The ISM® Services Inventory Sentiment Index contracted in November for the fourth straight month and the 18th time in the last 20 months. The index registered 44.2 percent, a 2.2-percentage point decrease from October's figure of 46.4 percent. This memorizing indicates that respondents feel their inventories are too low when correlated to business activity levels.

The eight industries reporting sentiment that their inventories were too high in November — listed in order — are: Accommodation & Food Services; Arts, Entertainment & Recreation; Wholesale Trade; Retail Trade; Agriculture, Forestry, Fishing & Hunting; Construction; Health Care & Social Assistance; and Utilities. The five industries reporting a feeling that their inventories were too low in November are: Real Estate, Rental & Leasing; Other Services; Management of Companies & Support Services; Professional, Scientific & Technical Services; and Educational Services.

Inventory Sentiment

%Too High

%About Right

%Too Low

Index

Nov 2022

16.8

54.7

28.5

44.2

Oct 2022

19.7

53.4

26.9

46.4

Sep 2022

18.9

56.5

24.6

47.2

Aug 2022

22.9

48.3

28.8

47.1

About This Report

DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2022.

The data presented herein is obtained from a survey of supply executives in the services sector based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation

The Services ISM® Report On Business® (formerly the Non-Manufacturing ISM® Report On Business®) is based on data compiled from purchasing and supply executives nationwide. Membership of the Services Business Survey Committee (formerly Non-Manufacturing Business Survey Committee) is diversified by NAICS, based on each industry's contribution to gross domestic product (GDP). The Services Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Public Administration; and Other Services (services such as Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services). The data are weighted based on each industry's contribution to GDP. According to the BEA estimates for 2020 GDP (released December 22, 2021), the six largest services sectors are: Real Estate, Rental & Leasing; Government; Professional, Scientific, & Technical Services; Health Care & Social Assistance; Information; and Finance & Insurance. Beginning in February 2020 with January 2020 data, computation of the indexes is accomplished utilizing unrounded numbers.

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and provider Deliveries), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The remaining indexes have not indicated significant seasonality.

The Services PMI® is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and provider Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index memorizing above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. provider Deliveries is an exception. A provider Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

A Services PMI® above 50.1 percent, over time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 50.1 percent, it is generally declining. The distance from 50 percent or 50.1 percent is indicative of the strength of the expansion or decline.

The Services ISM® Report On Business® survey is sent out to Services Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on U.S. operations for the current month. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to supply the most accurate picture of current business activity. ISM® then compiles the report for release on the third business day of the following month.

The industries reporting growth, as indicated in the Services ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

ISM ROB Content

The Institute for Supply Management® ("ISM") Report On Business® (Manufacturing, Services and Hospital reports) ("ISM ROB") contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, "Content") of ISM ("ISM ROB Content"). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including, but not limited to: tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing kcahill@ismworld.org; subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business®, Manufacturing PMI®, Services PMI®, and Hospital PMI® are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management®

Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM leads the profession through the ISM® Report On Business®, its highly regarded certification programs and the ISM® Advance Digital Platform. This report has been issued by the association since 1931, except for a four-year interruption during World War II.

The full text version of the Services ISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the third business day* of every month after 10:00 a.m. ET.

The next Services ISM® Report On Business® featuring December 2022 data will be released at 10:00 a.m. ET on Friday, January 6, 2023.

*Unless the New York Stock Exchange is closed.

Contact:

Kristina Cahill

Report On Business® Analyst

ISM®, ROB/Research Manager

Tempe, Arizona

+1 480.455.5910

Email: kcahill@ismworld.org

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SOURCE Institute for Supply Management

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Killexams : Project Management Institute Celebrates Contributions to Project Management Industry with Winners of 2022 PMI® Awards

PHILADELPHIA--(BUSINESS WIRE)--Dec 2, 2022--

Project Management Institute (PMI), the world’s leading organization for the project management profession, announced the winners of the 2022 PMI® Awards during a reimagined award ceremony, themed as ILLUMINATE!, at PMI Global Summit. The PMI® Awards highlight project professionals, PMI chapters, groups and published works that advance the project management profession.

Since 1974, PMI has honored organizations and project professionals whose passion, talent, and expertise have made the greatest contributions to project management and PMI. This year’s awards fall under three categories: PMI Project Awards, PMI Research and Academic Awards, and PMI Chapter Awards.

“As the home for project professionals across the globe, PMI celebrates the work that leads us forward–and those who make it possible,” said Pierre Le Manh, President and Chief Executive Officer of Project Management Institute. “Through innovation, collaboration, and a dedication to outcomes that matter, this year’s recognized work and project leaders model the qualities that drive the world forward—directing us all towards a brighter future.”

PMI® Awards:

PMI® Project of the Year Award – This award is the highest project honor and recognizes a single project leading the way in the project management profession. Projects winning this award have achieved excellence of project management practices including superior organizational results, innovation, collaboration, and making positive impacts on society.

  • Winner: Creative Destruction Lab (CDL) Rapid Screening Consortium by Creative Destruction Lab

PMI® Large and Mega Project Award – This award recognizes complex projects that best deliver superior performance of project management practices, superior organizational results, and positive impacts on society with a project budget of more than US$50 million.

  • Winner: Route 2020 Project by Dubai Metro
  • Finalist: Al Madinah Mega Project by King Faisal Specialist Hospital & Research Center
  • Finalist: Sanmen AP1000 Phase I Project by the Shanghai Nuclear Engineering Research & Design Institute

PMI® Small and Mid-Size Project Award – This award recognizes complex projects that best deliver superior performance of project management practices, superior organizational results, and positive impacts on society with a project budget of less than US$50 million.

  • Winner: Medical Oxygen Plant (MOP) by Tata Advanced Systems Limited (TASL)
  • Finalist: COVID-19 300 ICU Hospital Beds by GDID Jubilee
  • Finalist: Multiplan Advocacy Platform Implementation by UST

PMO of the Year® Award – This award honors a Project Management Office (PMO) that has added value to its organization through its support of successful strategic initiatives and demonstrated superior organizational project management capabilities. It also recognizes a PMO that has established a vision for value delivery and has had a positive and clear impact on business results.

  • Winner: Dubai Municipality Project Management Office
  • Finalist: Ontario Power Generation Enterprise Project Management Office
  • Finalist: Johnson & Johnson FS&T Project Management Office

PMI® Fellow Award – This is the highest and most prestigious individual award, honoring professionals for their service to the organization and profession.

PMI® Eric Jenett Person of the Year Award – This award recognizes and honors an individual who has made an outstanding contribution(s) to the project management profession or its practice through leadership, technical project management, and strategic and business management acumen.

  • Imre Szalay
  • Shivani Gupta

PMI® Rising Leader Award – This award recognizes and honors young professionals who have made a significant impact in advancing project management within an organization; advancing the knowledge and understanding of the practice of project management; and demonstrating an understanding of PMI standards, practices, and ethics.

  • Syed Ahsan Mustaqeem PE, PMP
  • Tu Dang Khoa
  • Taras Fedoruk
  • Innocentia Mahlangu
  • Samuel Michael Clark

PMI® Research and Academic Awards

The PMI Research and Academic Awards recognize individuals, groups, and published works that significantly advanced the concepts, knowledge, and practices of project, program, and portfolio management.

PMI® David I. Cleland Project Management Literature Award – The PMI David I. Cleland Project Management Literature Award recognizes the author(s) of a published book that significantly advances project management knowledge, concepts, and practice.

  • Winner: Antonio Nieto-Rodriguez for The Harvard Business Review Project Management Handbook

PMI® Research Achievement Award – The PMI Research Achievement Award recognizes and honors an individual whose work has significantly advanced the concepts, knowledge, and practices of project management through a published body of academic research.

  • Winners:
    • Professor Nathalie Drouin, University of Quebec, Montreal
    • Professor Ralf Müller, BI Norwegian Business School
    • Professor Shankar Sankaran, University of Technology Sydney

PMI® Linn Stuckenbruck Teaching Excellence Award – The PMI Linn Stuckenbruck Teaching Excellence Award honors faculty members for excellence in teaching project management curricula in higher education.

  • Winner: Dr. Scott W. Kramer, Auburn University

PMI® Young Researcher Award – The PMI Young Researcher Award recognizes and celebrates emerging leaders in the academic field of project, program, and/or portfolio management with potential achievements to make a significant impact on the field and practice.

  • Winner: Dr. Johan Ninan, Delft University of Technology

PMI® Chapter Awards

The PMI Chapter Awards program provides recognition of volunteer efforts, motivates chapter leaders, and provides acknowledgment of their contributions toward achieving goals.

Category I - Chapters with 25-300 Members

  • Winner: PMI Gujarat, India Chapter - South Asia
  • Finalists:
    • PMI Columbus, Georgia Chapter - North America
    • PMI Kazakhstan Chapter- Europe
    • PMI Pernambuco, Brazil Chapter- Latin America
    • PMI Taipei, Taiwan Chapter- Asia Pacific
    • PMI Tunisia Chapter- Middle East/North Africa
    • PMI Zimbabwe Chapter- Sub-Saharan Africa

Category II - Chapters with 301–1,500 Members

  • Winner: PMI Trivandrum, Kerala Chapter- South Asia
  • Finalists:
    • PMI Durham Highlands Chapter- North America
    • PMI Kenya Chapter- Sub-Saharan Africa
    • PMI Lebanon Chapter- Middle East/North Africa
    • PMI Queensland Australia Chapter- Asia Pacific
    • PMI Rio Grande do Sul, Brazil Chapter- Latin America
    • PMI Southern Italy Chapter- Europe

Category III - Chapters with Over 1,500 Members

  • Winner: PMI Chicagoland Chapter- North America
  • Finalist: PMI Central Italy Chapter- Europe

If you know a project, PMO, or professional in project management that deserves recognition, nominate them for next year’s PMI Awards today at https://professionalawards.pmi.org/.

About Project Management Institute (PMI)

Project Management Institute (PMI) is the leading professional organization for project management, and the authority for a growing global community of millions of project professionals and individuals who use project management skills. Collectively, these professionals and "changemakers" consistently create better outcomes for businesses, community, and society worldwide.

PMI empowers people to make ideas a reality. Through global advocacy, networking, collaboration, research, and education, PMI prepares organizations and individuals at every stage of their career journey to work smarter so they can drive success in a world of change.

Building on a proud legacy dating to 1969, PMI is a not-for-profit for-purpose organization working in nearly every country around the world to advance careers, strengthen organizational success, and enable project professionals and changemakers with new skills and ways of working to maximize their impact. PMI offerings include globally recognized standards, certifications, online courses, thought leadership, tools, digital publications, and communities.

Visit us at www.PMI.org, www.projectmanagement.com, www.facebook.com/PMInstitute and on Twitter @PMInstitute.

View source version on businesswire.com:https://www.businesswire.com/news/home/20221202005314/en/

CONTACT: MaryKate Dougherty

External Communications Specialist

MaryKate.Dougherty@pmi.org

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CONSULTING BUSINESS PROFESSIONAL SERVICES TRAINING EDUCATION

SOURCE: Project Management Institute

Copyright Business Wire 2022.

PUB: 12/02/2022 11:23 AM/DISC: 12/02/2022 11:23 AM

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