1 00:00:03,220 --> 00:00:08,350 ‫Now that you've completed the cost estimation process, you need to think about all of the activities 2 00:00:08,350 --> 00:00:14,290 ‫that would be aligned to those particular categories. In the section we're going to focus on business 3 00:00:14,290 --> 00:00:15,040 ‫activities. 4 00:00:15,610 --> 00:00:21,790 ‫A business activity screener allows you to detail all activities which will be related to your project 5 00:00:22,240 --> 00:00:28,840 ‫and walk through the evaluation process to either modify or remove activities which may seem redundant 6 00:00:29,230 --> 00:00:34,030 ‫or unnecessary for your project. Using the attach activity template 7 00:00:34,390 --> 00:00:36,430 ‫start with one category at a time. 8 00:00:37,090 --> 00:00:43,090 ‫So if your first category is marketing, you're going to place marketing in the activity category and 9 00:00:43,090 --> 00:00:48,760 ‫in the second column, you're going to name every single activity which will be related to that marketing 10 00:00:48,760 --> 00:00:51,430 ‫category. Alongside those activities 11 00:00:51,700 --> 00:00:58,330 ‫you should include descriptions owners as far as particular resources, stakeholders or departments. 12 00:00:58,690 --> 00:01:01,690 ‫And then you'd also like to align with your business goals. 13 00:01:02,140 --> 00:01:08,260 ‫So this goes back to justifying the need for those items that are in your budget if you have any metrics 14 00:01:08,260 --> 00:01:09,880 ‫to include with those activities. 15 00:01:10,180 --> 00:01:12,280 ‫Be sure to include those items as well. 16 00:01:12,910 --> 00:01:14,320 ‫Let's walk through an example. 17 00:01:14,890 --> 00:01:16,660 ‫So marketing is our category. 18 00:01:17,500 --> 00:01:25,120 ‫Our activity name is brainstorming or description as discussing ideas and concepts that we can convert 19 00:01:25,120 --> 00:01:27,160 ‫into commercial products and sales. 20 00:01:28,180 --> 00:01:34,000 ‫The owner could possibly be the marketing department, the business school support, it could be the 21 00:01:34,000 --> 00:01:36,570 ‫launch of a new product or service line. 22 00:01:37,650 --> 00:01:43,500 ‫And the KPIs could be the potential number of products that this idea supports throughout the year. 23 00:01:44,250 --> 00:01:46,140 ‫So if it's 50 percent of products. 24 00:01:46,380 --> 00:01:52,200 ‫Seventy five percent of products, or if your department is only focused on one product, that would 25 00:01:52,200 --> 00:01:53,460 ‫be one hundred percent. 26 00:01:54,210 --> 00:02:00,690 ‫Again, let's try to apply the activity template to either a real life scenario current project that 27 00:02:00,690 --> 00:02:02,970 ‫you are in or pass project. 28 00:02:03,720 --> 00:02:09,500 ‫And if this is your first time being involved in a process like this, create a hypothetical scenario 29 00:02:09,510 --> 00:02:12,210 ‫in which you can apply and use the activity template.