D.M.A.I.C. At Home

define, measure, imrove, control, sustain, cost, elements, formula, planning

What you’ll learn
Planning cost and identify cost t home
Make better budgets
Manage and improve daily life decisions
Create a home project for finance needs

Requirements
Personal development in budgeting and savings

Description
Hello everyone!In this course, we’ll find out how to make monthly savings by using D.M.A.I.C. principles in a home facility.What is a D.M.A.I.C.?D.M.A.I.C. is an acronym for 5 basic principles in project management.Define, Measure, Analyze, Improve, and Control. They represent the main steps 1 successful project should follow. It represents the methodology of the Japanese style of management for quality. This methodology is used in Toyota Productions and many more big companies.What represents a home facility?Home facility is every part of your house that takes some kind of maintenance. House floors, walls, coverings, windows, roof, furniture, room input, décor and consummatives. You as an owner of this facility, no matter if you are on a rent manage every day your cost and demand needs.# STEP 1 Identify your cost. What cost means?To be able to define the key stakeholders of your money you should identify them daily. The best way to do so is by tracking your consumption by day report. Let me give you an example you can print.Check the Consumption by Day sheet which can be downloaded. Or you can identify them by yourself with a piece of paper and a pen, starting from the moment you get up from bed to the end of the 24-hour cycle.Why? Because everything in your day is full of costs you can control.# STEP 2 Measure the costWhen you find out who is your cost is time to measure them right. Let’s start with the first one.How to measure cost?In order to improve it, you need to measure it. You can’t improve something, you can’t measure. The way to do so is by knowing your cost-measuring elements.Example: In Bulgaria, the cost of electricity in 2023 is 1 kilowatt used or 1000 watts. And the price measured in Bulgarian currency is “leva”. So kilowatts/ per hour/ per leva. What is the cost of electricity in other countries?What can you power with 1 kWh? :Since all the equipment and appliances in your business have different wattages, they use different amounts of power.Once you add the time of use as a factor, you’re measuring energy, not power.Energy is power over time, and it’s how your electricity is billed. We know how much energy a kilowatt-hour is: 1,000 watts used over 60 minutes. But your devices and equipment will consume a single kilowatt-hour of electrical energy in different ways.For example, with 1 kWh of electricity, you could power a:10-watt light bulb for 100 hours50-watt laptop for 20 hours250-watt refrigerator for 4 hours1,500-watt space heater for about 40 minutes3,000-watt oven for 20 minutesWhat can you power with 1 kWh? :Since all the equipment and appliances in your business have different wattages, they use different amounts of power.Once you add the time of use as a factor, you’re measuring energy, not power.Energy is power over time, and it’s how your electricity is billed. We know how much energy a kilowatt-hour is: 1,000 watts used over 60 minutes. But your devices and equipment will consume a single kilowatt-hour of electrical energy in different ways.

Overview
Section 1: Introduction

Lecture 1 Home

Lecture 2 Water

Lecture 3 Food

Lecture 4 Rent or mortgage

Lecture 5 Services

Begginers in Personal development, project managment, budgeting