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Exam Code: PgMP Practice test 2022 by Killexams.com team PgMP PgMP I. Strategic Program Management (11 tasks) 15%
II. Program Life Cycle (35 tasks) 44%
- Initiating (6 tasks) 6%
- Planning (9 tasks) 11%
- Executing (9 tasks) 14%
- Controlling (6 tasks) 10%
- Closing (5 tasks) 3%
III. Benefits Management (8 tasks) 11%
IV. Stakeholder Management (7 tasks) 16%
V. Governance (11 tasks) 14%
Perform an initial program assessment by defining the program objectives, requirements, and risks in order to ensure program
alignment with the organizations strategic plan, objectives, priorities, vision, and mission statement.
Establish a high-level road map with milestones and preliminary estimates in order to obtain initial validation and approval from the executive sponsor.
Define the high-level road map/framework in order to set a baseline for program definition, planning, and execution.
Task 4 Define the program mission statement by evaluating the stakeholders concerns and expectations in order to establish program direction.
Evaluate the organizations capability by consulting with organizational leaders in order to develop, validate, and assess the
program objectives, priority, feasibility, readiness, and alignment to the organizations strategic plan.
Identify organizational benefits for the potential program using research methods such as market analysis and high-level cost-benefit analysis in order to develop the preliminary program scope and define benefits realization plan.
Estimate the high level financial and nonfinancial benefits of the program in order to obtain/maintain funding authorization and drive prioritization of projects within the program.
Evaluate program objectives relative to regulatory and legal constraints, social impacts, sustainability, cultural considerations, political climate, and ethical concerns in order to ensure stakeholder alignment and program deliverability.
Obtain organizational leadership approval for the program by presenting the program charter with its high-level costs, milestone
schedule and benefits in order to receive authorization to initiate the program.
Identify and evaluate integration opportunities and needs (for example, human capital and human resource requirements and skill sets, facilities, finance, assets, processes, and systems) within program activities and operational activities in order to align and integrate benefits within or across the organization.
Knowledge specific to Domain 1
(*Indicates knowledge is found in one other domain, shown in parentheses)
Business/organization objectives* (V)
Financial measurement and management techniques
Intellectual property laws and guidelines
Legal and regulatory requirements
Program and constituent project charter development* (II)
Program mission and vision
Public relations* (IV)
Requirement analysis techniques
Strategic planning and analysis* (II)
System implementation models and methodologies
Task 1 Develop program charter using input from all stakeholders, including
sponsors, in order to initiate and design program and benefits.
Task 2 Translate strategic objectives into high-level program scope
statements by negotiating with stakeholders, including sponsors, in
order to create a program scope description.
Task 3 Develop a high-level milestone plan using the goals and objectives of
the program, applicable historical information, and other available
resources (for example, work breakdown structure (WBS), scope
statements, benefits realization plan) in order to align the program with
the expectations of stakeholders, including sponsors.
Task 4 Develop an accountability matrix by identifying and assigning program
roles and responsibilities in order to build the core team and to
differentiate between the program and project resources.
Task 5 Define standard measurement criteria for success for all constituent
projects by analyzing stakeholder expectations and requirements
across the constituent projects in order to monitor and control the
Task 6 Conduct program kick-off with key stakeholders by holding meetings
in order to familiarize the organization with the program and obtain
Task 7 Develop a detailed program scope statement by incorporating program
vision and all internal and external objectives, goals, influences, and
variables in order to facilitate overall planning.
Task 8 Develop program WBS in order to determine, plan, and assign the
program tasks and deliverables.
Task 9 Establish the program management plan and schedule by integrating
plans for constituent projects and creating plans for supporting
program functions (for example, quality, risk, communication,
resources) in order to effectively forecast, monitor, and identify
variances during program execution.
Task 10 Optimize the program management plan by identifying, reviewing, and
leveling resource requirements (for example, human resources,
materials, equipment, facilities, finance) in order to gain efficiencies
and maximize productivity/synergies among constituent projects.
Task 11 Define project management information system (PMIS) by selecting
tools and processes to share knowledge, intellectual property, and
documentation across constituent projects in order to maximize
synergies and savings in accordance with the governance model.
Task 12 Identify and manage unresolved project-level issues by establishing a
monitoring and escalation mechanism and selecting a course of action
consistent with program constraints and objectives in order to achieve
Task 13 Develop the transition/integration/closure plan by defining exit criteria
in order to ensure all administrative, commercial, and contractual
obligations are met upon program completion.
Task 14 Develop key performance indicators (KPIs) by using decomposition/
mapping/ balanced score card (BSC) in order to implement scope and
quality management system within program.
Task 15 Monitor key human resources for program and project roles, including
subcontractors, and identify opportunities to Boost team motivation
(for example, develop compensation, incentive, and career alignment
plans) and negotiate contracts in order to meet and/or exceed benefits
Task 16 Charter and initiate constituent projects by assigning project
managers and allocating appropriate resources in order to achieve
Task 17 Establish consistency by deploying uniform standards, resources,
infrastructure, tools, and processes in order to enable informed
program decision making.
Task 18 Establish a communication feedback process in order to capture
lessons learned and the teams experiences throughout the program.
Task 19 Lead human resource functions by training, coaching, mentoring, and
recognizing the team in order to Boost team engagement and
achieve commitment to the programs goals.
Task 20 Review project managers performance in executing the project in
accordance with the project plan in order to maximize their
contribution to achieving program goals.
Task 21 Execute the appropriate program management plans (for example,
quality, risk, communication, resourcing) using the tools identified in
the planning phase and by auditing the results in order to ensure the
program outcomes meet stakeholder expectations and standards.
Task 22 Consolidate project and program data using predefined program plan
reporting tools and methods in order to monitor and control the
program performance and communicate to stakeholders.
Task 23 Evaluate the programs status in order to monitor and control the
program while maintaining current program information.
Task 24 Approve closure of constituent projects upon completion of defined
deliverables in order to ensure scope is compliant with the functional
Task 25 Analyze variances and trends in costs, schedule, quality, and risks by
comparing real and forecast to planned values in order to identify
corrective actions or opportunities.
Task 26 Update program plans by incorporating corrective actions to ensure
program resources are employed effectively in order to meet program
Task 27 Manage program level issues (for example, human resource
management, financial, technology, scheduling) by identifying and
selecting a course of action consistent with program scope,
constraints, and objectives in order to achieve program benefits.
Task 28 Manage changes in accordance with the change management plan in
order to control scope, quality, schedule, cost, contracts, risks, and
Task 29 Conduct impact assessments for program changes and recommend
decisions in order to obtain approval in accordance with the
Task 30 Manage risk in accordance with the risk management plan in order to
ensure benefits realization.
Task 31 Complete a program performance analysis report by comparing final
values to planned values for scope, quality, cost, schedule, and
resource data in order to determine program performance.
Task 32 Obtain stakeholder approval for program closure in order to initiate
Task 33 Execute the transition and/or close-out of all program and constituent
project plans (for example, perform administrative and PMIS program
closure, archive program documents and lessons learned, and transfer
ongoing activities to functional organization) in order to meet program
objectives and/or ongoing operational sustainability.
Task 34 Conduct the post-review meeting by presenting the program
performance report in order to obtain feedback and capture lessons
Task 35 Report lessons learned and best practices observed and archive to the
knowledge repository in order to support future programs and
Knowledge Specific to Domain 2
(*Indicates knowledge is found in one other domain, shown in parentheses)
Closeout plans, procedures, techniques and policies* (5)
Decomposition techniques (for example, work breakdown structure (WBS))
Financial closure processes* (V)
Performance and quality metrics* (III)
Phase gate reviews* (V)
Product/service development phases
Program and constituent project charter development* (I)
Program and project change requests* (V)
Program initiation plan
Program management plans
Quality control and management tools and techniques
Resource estimation (human and material)
Resource leveling techniques
Root cause analysis
Schedule management, techniques, and tools
Service level agreements
Statistical analysis* (V)
Strategic planning and analysis* (I)
Team competency assessment techniques
Training methodologies* (IV)
Task 1 Develop the benefits realization plan and its measurement criteria in
order to set the baseline for the program and communicate to
stakeholders, including sponsors.
Task 2 Identify and capture synergies and efficiencies identified throughout
the program life cycle in order to update and communicate the
benefits realization plan to stakeholders, including sponsors.
Task 3 Develop a sustainment plan that identifies the processes, measures,
metrics, and tools necessary for management of benefits beyond the
completion of the program in order to ensure the continued realization
of intended benefits.
Task 4 Monitor the metrics (for example, by forecasting, analyzing variances,
developing “what if” scenarios and simulations, and utilizing causal
analysis) in order to take corrective actions in the program and
maintain and/or potentially Boost benefits realization.
Task 5 Verify that the close, transition, and integration of constituent projects
and the program meet or exceed the benefit realization criteria in order
to achieve programs strategic objectives.
Task 6 Maintain a benefit register and record program progress in order to
report the benefit to stakeholders via the communications plan.
Task 7 Analyze and update the benefits realization and sustainment plans for
uncertainty, risk identification, risk mitigation, and risk opportunity in
order to determine if corrective actions are necessary and
communicate to stakeholders.
Task 8 Develop a transition plan to operations in order to guarantee
sustainment of products and benefits delivered by the program.
Knowledge Specific to Domain III
(*Indicates knowledge is found in one other domain, shown in parentheses)
Business value measurement
Decision tree analysis
Maintenance and sustainment of program benefits post delivery
Performance and quality metrics* (II)
Program transition strategies
Task 1 Identify stakeholders, including sponsors, and create the stakeholder
matrix in order to document their position relative to the program.
Task 2 Perform stakeholder analysis through historical analysis, personal
experience, interviews, knowledge base, review of formal agreements
(for example, request for proposal (RFP), request for information (RFI),
contracts), and input from other sources in order to create the
stakeholder management plan.
Task 3 Negotiate the support of stakeholders, including sponsors, for the
program while setting clear expectations and acceptance criteria (for
example, KPIs) for the program benefits in order to achieve and
maintain their alignment to the program objectives.
Task 4 Generate and maintain visibility for the program and confirm
stakeholder support in order to achieve the programs strategic
Task 5 Define and maintain communications adapted to different
stakeholders, including sponsors, in order to ensure their support for
Task 6 Evaluate risks identified by stakeholders, including sponsors, and
incorporate them in the program risk management plan, as necessary.
Task 7 Develop and foster relationships with stakeholders, including
sponsors, in order to Boost communication and enhance their
support for the program.
Knowledge Specific to Domain IV
(*Indicates knowledge is found in one other domain, shown in parentheses)
Customer relationship management
Customer satisfaction measurement
Public relations* (I)
Training methodologies* (II)
Task 1 Develop program and project management standards and structure
(governance, tools, finance, and reporting) using industry best
practices and organizational standards in order to drive efficiency and
consistency among projects and deliver program objectives.
Task 2 Select a governance model structure including policies, procedures,
and standards that conforms program practices with the
organizations governance structure in order to deliver program
objectives consistent with organizational governance requirements.
Task 3 Obtain authorization(s) and approval(s) through stage gate reviews by
presenting the program status to governance authorities in order to
proceed to the next phase of the program.
Task 4 Evaluate key performance indicators (for example, risks, financials,
compliance, quality, safety, stakeholder satisfaction) in order to
monitor benefits throughout the program life cycle.
Task 5 Develop and/or utilize the program management information system),
and integrate different processes as needed, in order to manage
program information and communicate status to stakeholders.
Task 6 Regularly evaluate new and existing risks that impact strategic
objectives in order to present an updated risk management plan to the
governance board for approval.
Task 7 Establish escalation policies and procedures in order to ensure risks
are handled at the appropriate level.
Task 8 Develop and/or contribute to an information repository containing
program-related lessons learned, processes, and documentation
contributions in order to support organizational best practices.
Task 9 Identify and apply lessons learned in order to support and influence
existing and future program or organizational improvement.
Task 10 Monitor the business environment, program functionality
requirements, and benefits realization in order to ensure the program
remains aligned with strategic objectives.
Task 11 Develop and support the program integration management plan in
order to ensure operational alignment with program strategic
Knowledge Specific to Domain V
(*Indicates knowledge is found in one other domain, shown in parentheses)
Archiving tools and techniques
Business/organization objectives* (I)
Closeout plans, procedures, techniques and policies* (II)
Composition and responsibilities of the program management office (PMO)
Financial closure processes* (II)
Go/no-go decision criteria
Governance processes and procedures
Metrics definition and measurement techniques
Performance analysis and reporting techniques (for example, earned value analysis (EVA))
Phase gate reviews* (II)
Program and project change requests* (II)
Statistical analysis* (II)
Benefits measurement and analysis techniques
Budget processes and procedures
Business models, structure, and organization
Coaching and mentoring techniques
Collaboration tools and techniques
Communication tools and techniques
Conflict resolution techniques
Data analysis/data mining
Human resource management
Impact assessment techniques
Industry and market knowledge
Leadership theories and techniques
Negotiation strategies and techniques
Organization strategic plan and vision
Performance management techniques (for example, cost and time, performance against objectives)
Planning theory, techniques, and procedures
PMI Code of Ethics and Professional Conduct
Presentation tools and techniques
Problem-solving tools and techniques
Project Management Information Systems (PMIS)
Reporting tools and techniques
Risk analysis techniques
Risk mitigation and opportunities strategies
Safety standards and procedures
Sustainability and environmental issues
Team development and dynamics Active listening
Customer centricity/client focus
Distilling and synthesizing requirements
Interpersonal interaction and relationship management
Managing virtual/multicultural/remote/global teams
Maximizing resources/achieving synergies
Stakeholder analysis and management
Vendor management PgMP PMI PgMP tricks Killexams : PMI PgMP tricks - BingNews
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https://killexams.com/exam_list/PMIKillexams : French manufacturing PMI revised lower, but price pressures continue to ease
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Wed, 30 Nov 2022 20:13:00 -0600entext/htmlhttps://seekingalpha.com/news/3912873-french-manufacturing-pmi-revised-lower-but-price-pressures-continue-to-easeKillexams : ISM Non-Manufacturing PMI Exceeded Expectations, Pushing Treasury Yields Up
Services PMI Data Shows Surprising Strength
U.S. has just released ISM Non-Manufacturing PMI report for November. The report indicated that ISM Non-Manufacturing PMI increased from 54.4 to 56.5, compared to analyst consensus of 53.3.
This surprising report has already had a material impact on global market dynamics. The higher-than-expected report boosts chances for a more hawkish Fed at the next meeting on December 14.
Traders also had a chance to take a look at the Factory Orders report for October. The report showed that Factory Orders increased by 1% month-over-month, while analysts expected that they would grow by 0.7%.
Earlier, traders evaluated the final readings of the S&P 500 Global Services PMI report, which indicated that Services PMI declined from 47.8 in October to 46.2 in November. Numbers below 50 show contraction.
U.S. Dollar Rallied After ISM Report
The U.S. Dollar Index made an attempt to settle above the 105 level after the release of the higher-than-expected ISM Non-Manufacturing PMI report.
Treasury yields moved higher, and the yield of 10-year Treasuries moved closer to the 3.60% level. A move above this level may provide additional support to the American currency.
Gold declined towards the $1775 level as hawkish Fed is bearish for gold and other precious metals. Silver, platinum, and palladium have also found themselves under pressure.
S&P 500, which has been moving lower ahead of the ISM report, gained additional downside momentum and tried to get below the 4020 level. NASDAQ Composite moved below the 11,350 level.
Mon, 05 Dec 2022 02:05:00 -0600entext/htmlhttps://www.fxempire.com/news/article/ism-non-manufacturing-pmi-exceeded-expectations-1220130Killexams : Australian PMI: Demand drags down manufacturing in NovemberNo result found, try new keyword!The Australian Industry Group Australian Performance of Manufacturing Index fell 4.9 points to 44.7 in November, indicating deteriorating conditions (readings below 50 points indicate contraction in ...Wed, 30 Nov 2022 12:40:00 -0600en-UStext/htmlhttps://www.forexfactory.com/news/1192627-australian-pmi-demand-drags-down-manufacturing-in-novemberKillexams : Euro zone likely heading into mild recession-PMI
LONDON – Euro zone business activity declined for a fifth month in November, suggesting the economy was sliding into a mild recession as consumers cut spending amid surging inflation, a survey showed.
S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good guide to economic health, nudged up to 47.8 in November from October’s 23-month low of 47.3, matching a preliminary estimate.
Anything below 50 indicates contraction.
“A fifth consecutive monthly falling output signalled by the PMI adds to the likelihood that the euro zone is sliding into recession,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.
“However, at present the downturn remains only modest, with an easing in the overall rate of contraction in November means so far the region looks set to see GDP contract by a mere 0.2%.”
Economists gave a median 78% chance of a recession in the bloc within a year in a Reuters poll last month and predicted the economy would contract 0.4% this quarter.
With demand falling again and scant prospect of an imminent turnaround firms scaled back on hiring – the employment index slipped to 51.8 from 52.5. Unemployment in the region dipped to 6.5% in October, official data showed on Thursday.
A PMI covering the bloc’s dominant services industry nudged down to 48.5 from 48.6, its lowest practicing since early 2021 and below the preliminary 48.6 estimate.
Still, the input and output prices index both fell suggesting inflationary pressures may have already peaked, likely welcome news to policymakers at the European Central Bank. The output prices index was a 3-month low of 62.3.
Inflation in the bloc was a lower-than-expected 10.0% in November, official preliminary data showed last week, still five times the ECB‘s 2% target.
The central bank has been raising interest rates to try and tame price rises and is expected to add another 50 basis points later this month.
“With the surveys also bringing signs of inflation having peaked, the headwind on demand from rising prices should also start to ease in coming months, barring severe weather over the winter, hinting that any recession may be both brief and relatively mild,” Williamson said.
Sun, 04 Dec 2022 19:53:00 -0600entext/htmlhttps://www.euronews.com/next/2022/12/05/eurozone-economy-pmiKillexams : PMI rises to 54.3 in November amid inflationary pressure —Stanbic report
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Sun, 04 Dec 2022 16:54:00 -0600en-UStext/htmlhttps://www.vanguardngr.com/2022/12/pmi-rises-to-54-3-in-november-amid-inflationary-pressure-stanbic-report/Killexams : UK services PMI confirmed at 48.8 amid high inflation and uncertain economic outlook
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Sun, 04 Dec 2022 20:19:00 -0600entext/htmlhttps://seekingalpha.com/news/3913810-uk-services-pmi-confirmed-at-488-amid-high-inflation-and-uncertain-economic-outlookKillexams : 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 inNovember 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 practicing 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 practicing since May 2020 (40.8 percent). The Backlog of Orders Index registered 40 percent, 5.3 percentage points lower than the October practicing 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 practicing 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 practicing of 52.5 percent. The New Export Orders Index practicing 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 practicing 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 practicing 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
Rate of Change
Backlog of Orders
New Export Orders
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 PRICEAND 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 inShort 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 practicing 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 practicing 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
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.
Production The Production Index registered 51.5 percent in November, 0.8 percentage point lower than the October practicing 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.
Employment ISM®'s Employment Index registered 48.4 percent in November, 1.6 percentage points lower than the October practicing 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.
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 practicing 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 practicing 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 practicing below 50 percent indicates faster deliveries, while a practicing 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.
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.
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.
Prices† The ISM® Prices Index registered 43 percent in November, 3.6 percentage points lower compared to the October practicing 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 practicing 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.
Backlog of Orders† ISM®'s Backlog of Orders Index registered 40 percent in November, a 5.3-percentage point decrease compared to October's practicing 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
New Export Orders† ISM®'s New Export Orders Index registered 48.4 percent in November, 1.9 percentage points higher than the October practicing 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
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.
†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.
AboutThis 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 give 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 ManufacturingISM®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.
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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 ManufacturingISM®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 ManufacturingISM®Report On Business® featuring December 2022 data will be released at 10:00 a.m. ET on Wednesday, January 4, 2023.
Thu, 01 Dec 2022 01:03:00 -0600en-UStext/htmlhttps://finance.yahoo.com/news/manufacturing-pmi-49-november-2022-150000642.htmlKillexams : Egypt private sector shrinks in November after devaluation -PMI
CAIRO, Dec 5 (Reuters) - Egypt's non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with a weaker currency weighing on the cost and the availability of foreign goods, a survey showed on Monday.
The S&P Global Egypt Purchasing Managers' Index (PMI) slid to 45.4 in November from 47.7 in October, well below the 50.0 threshold that separates growth from contraction.
It was the second lowest practicing since the pandemic dragged the index down in June, 2020, and the 24th consecutive month of contraction.
"Central to the downturn was a rapid decrease in business activity, as survey panellists reported that accelerated cost rises and falling new orders forced them to cut output," S&P Global said.
Egypt has been suffering a severe shortage of foreign currency despite a 14.5% devaluation on Oct. 27 and the announcement of a $3 billion support package with the International Monetary Fund. The lack of dollars has tightened the flow of imports for factory and retail inputs.
"The pound's depreciation against the US dollar led to a marked increase in prices paid for raw materials, which have already been exacerbated by import restrictions since early-2022," said S&P Global economist David Owen.
The PMI's sub-indices for both overall input prices and purchase prices deteriorated to 72.4, their highest since July 2018, from October's 63.5.
The sub-index for future output expectations improved to 55.7 after falling to a record low of 52.2 in October.
"Concerns about high inflation, rising interest rates, currency weakness and a global economic slowdown remained dampeners on sentiment," S&P said.
Sun, 04 Dec 2022 15:17:00 -0600Reutersentext/htmlhttps://www.reuters.com/world/middle-east/egypt-private-sector-shrinks-november-after-devaluation-pmi-2022-12-05/Killexams : Kenya private sector activity rises in November - PMI
NAIROBI (Reuters) - Kenya’s private sector activity rose in November after falling a month earlier, helped by improved output in the agriculture and construction sectors, a survey showed on Monday
The S&P Global Kenya Purchasing Managers’ Index (PMI) rose to 50.9 in November from 50.2 a month earlier. It stood at 51.7 in September. Readings above 50.0 signal growth in business activity, while those below that point to a contraction.
“Sector data showed that growth was broad-based in November, led by construction and agriculture,” S&P Global said in comments accompanying the survey.
Kenya’s inflation fell to 9.5% year-on-year in November from 9.6% a month earlier, data from the statistics office showed, its first drop since February, helped by easing prices of food and fuel.
The survey showed that input costs rose, due to higher import costs due to a weaker shilling versus the dollar, higher taxation and transport costs.
Reporting by George Obulutsa; Editing by Toby Chopra
Sun, 04 Dec 2022 18:50:00 -0600entext/htmlhttps://www.reuters.com/article/kenya-economy-pmi-idUSKBN2SP0ITKillexams : PMI Hosts Largest Community of Project Professionals at PMI® Global Summit 2022
PHILADELPHIA--(BUSINESS WIRE)--Dec 5, 2022--
Project Management Institute (PMI) held PMI Global Summit 2022, its largest annual gathering of project, program, and portfolio professionals at Caesar’s Palace in Las Vegas from 1-3 December. The event included opening keynote remarks from Futurist and Best-Selling Author Amy Webb and closing keynote remarks from Innovator and CEO of Uncharted Jessica O. Matthews.
The three-day conference brought together 3,500 project leaders in person, and more than 3,000 virtual attendees to learn from key players in the industry and earn PDUs and gain valuable knowledge as they network with individuals across the profession. During the event, more than 140 subject matter experts and speakers held various educational sessions on subjects ranging from strategic alignment to agility and transformation. PMI also held a newly revitalized awards celebration, themed “ILLUMINATE!”, honoring Ideas and Outstanding Teamwork.
“Global Summit provides a unique opportunity for our community to gather and share ideas, grow their networks, and celebrate their successes,” said Pierre Le Manh, President and Chief Executive Officer of Project Management Institute. “As this year’s event comes to a close, we’re energized by our community’s passion and excited to continue being a trusted resource and home for project professionals across the globe.”
At the event, leaders discussed the latest PMI® Pulse of the Profession® report, a report created from a premier annual global survey of project professionals, launched earlier this week. The survey found that organizations that prioritize power skills – including communication, problem-solving, collaborative leadership, and strategic thinking – perform better against multiple key drivers of success.
As another way to bring the Global Summit programming to our community, on 1 December, PMI held the final installment of the award-winning Virtual Experience Series 2022, featuring educational sessions livestreamed from PMI Global Summit, including our opening keynote Amy Webb, and an abundance of great content and exhibits. Don’t miss out on this opportunity to learn, network, and earn 9+ PDUs. On-demand access will be available through 31 January 2023. Learn more here.
Registration for PMI ® Global Summit 2023 will open in early 2023.
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.
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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.