Hey Product Manager, Care For Some Risk?

Every product that you are put in charge of developing comes with an unwelcome addition – risk. We all know that risk exists and in fact many of us have developed ways to identify risk, quantify risk, and even manage risk. However it turns out that there is something very important that very few of us have been doing – calculating how much risk a new product has and what it’s going to cost us.Why You’ve Been Calculating Product Development Risk All WrongI can only speak for myself here, but when I’m placed in charge of creating a new product, the thing that I really don’t want to be thinking about is risk. Rather, I prefer to focus on just exactly how I’m going to accomplish what I’m being asked to do. It turns out that in this case, I’m probably wrong.Every new product has some level of risk associated with it. It makes sense that as product managers we really should be aware of how much risk developing a given product has. Look, our careers are riding on this stuff and it sure seems as though we should go into it with our eyes wide open instead of squeezing them shut and hoping for the best.In a normal distribution you can see that the risk profile of a new product development process can take on many different shapes. The traditional shape would be a straight line that reached up to 1.0 – basically a 100% chance that the project would complete on budget and would produce the expected profits.A normal distribution shows a more accurate real-world view. If the X-axis shows how much you’ve invested in the new product and the Y-axis shows the probability of completing the project on time and making the expected level of profit, then you can start to see how much risk you are dealing with.In no case will you ever have a 100% guarantee that you’ll be able to stay within your budget or achieve profit goals. Some projects are more likely that others to overrun their budgets (you know what products I’m talking about here).In the end, Armour has identified 6 different issues that product managers need to consider when we are trying to accurately calculate the amount of risk that there is in developing and launching a new product:Expected cost of the project
Probability of being able to stay within that expected cost
What the graph of the budget risk profile looks like
Expected profitability of the new product
Probability of being able to achieve the expected profit
What the graph of the profit risk profile looks likeIn the end, every product manager has a responsibility to know what the level of risk associated with the creation of a new product is. What you choose to do with this knowledge is your own business, but you need to make sure that you know what you are dealing with. What All Of This Means For YouProduct managers live in a world filled with risk. Although we all know this, it can be easy to forget it at times and take the simple route in which we don’t correctly calculate just how much risk we are facing when we start to develop a new product. Our problems often stem from the fact that all too often we end up making simplifying assumptions that just aren’t valid. The two most common points that we seem to overlook when we are evaluating if we should develop a new product include forgetting to factor in our ability to complete the development on time and on budget as well as the ability of the product to generate the profits that we think that it will.Taking the time to account for both of these risks will give product managers a more realistic view of the world that they live in. What we end up doing with this new information is our own decision; however, there is no excuse for us to not have the information in the first place.

The Secret of Securing a Popular Dental Practice Online

It is nothing new that the online world has become a bustling platform for businesses which aim to build a strong presence among the prospective customers. Like any other businesses, dentistry also wants its presence on the social networking field. However, if a dentist is busy bringing smiles to patients, then how will he/she keep himself/herself updated, socially since strong networking is not all about Facebook and Twitter?

Interestingly, a healthy online presence for a healthy growing dental practice hangs on to the positive side since more than 70% of consumers look out for a new dentist on Google every day. To practice dentistry online, a focused SEO for dentists has become important. Due to the rising competition online to secure the place on the first pages, a simple website featuring some services and treatments will not make your dental practice popular among your patients.

The first landing page should be interesting and a good website should focus about your USPs, interesting information about dental world and benefits of the customers. Thus, you need an expert who understands the norms of the dental industry and regularly being updated with the current marketing efforts and continuously gather leads to generate online traffic for your website.

So, search engine optimization (SEO) holds certain procedures through which a dental website could be popular. To gain popularity online, a website focussing online dental practices require:

On-page optimization
Keywords Localisation
Link building
Increasing in natural traffic
Cultivating relationships
Good and unique articles and blog postings

Since approximately 97% of consumers continue seeking dental care online, an everyday connection with such consumers is necessary. From rebuilding website of unique domain to optimize content and navigation to identify potential competitors and customers, SEO is an ideal plan that will push the dental practice higher on the first ten pages. It also enables to reinvigorate social efforts by cultivating networks with top notch level dentist websites and forums.

For a better SEO, a website should be attractive and the content should be compelling and fresh. Both fuses to give a dramatic effect for search engine results. Next, your website needs to be localized through specific keywords that will help customers easily land on the search result web page. Implementing dental SEO that is combined with dental knowledge and technological expertise, the use of strong keywords will help the customers to find out a good dentist online.

Google is the all-embracing inspiration for allowing new updates and call for fresh sites with unique content. Social networking has brought people from every cut and corners at one place and thus, SEO for dentists grab this massive opportunity to get you more new patients. HIGH RANKING is the key to any SEO success which will bring your practice thousand of money in your new found income.

What are some of the most commonly missed home inspection items?

A home inspection in Sydney or elsewhere is a necessary step in the process of buying or selling a house. It can also be helpful for people who are considering renting out their property. During an inspection, professionals will check to see if there are any defects that may affect the safety and value of your property.

There are many common items that can be missed during a home inspection. Some of them may seem like they’re minor, however, if these tiny details aren’t addressed before the sale goes through and becomes final, then there’s nothing anyone can do to correct them afterwards.

The most commonly overlooked criteria during a home or building inspection in Sydney may include:

Leaky roofs.
Issues with HVAC systems.
Faulty electrical wiring.
Faulty or defective appliances.
Holes in walls that need to be patched up.
Grading issues.
Hidden flooring issues.

However, it’s important to remember that even if these items are missed during an inspection, they may still be found later on down the line. What matters is whether or not you’re aware of them before signing a contract. That way, you will know how much money and time will be needed for repairs once you move in. If there are any major issues with your new home but the sale has already gone through, most real estate agents would help find ways to resolve this problem so both parties can come out ahead. The only thing better than finding the perfect house is knowing you aren’t in for any nasty surprises later on, which is why an inspection is of the utmost importance.