OXFORD, UK, Sep 18, 2014 – The PLMIG announces the publication of the version 2.0 PLM Financial Primer, which provides a high-level overview of PLM financial management for everyone who needs to be involved in a PLM feasibility or justification activity.

There are many misconceptions about PLM metrics, and it is important to start from the right basis. There are also many people who need to be involved, from all parts of the organization, who need a common understanding of what the PLM Team is trying to achieve.

The Primer is a companion document to the PLM Project Justification Handbook. It enables the PLM team to educate stakeholders in a new PLM deployment to understand the principles and issues that are involved, before the detailed project justification methodology is applied.

The Primer and Handbook are part of a toolset that enables PLM managers to prove that PLM is worth doing from a purely financial viewpoint. By following the practical methodology, the PLM Team can produce properly costed proposals for new PLM projects that can be assessed for demonstrable success after they have been implemented.

More information is available on the PLMIG website. The full toolset is available via PLMIG membership.

About The PLM Interest Group

The PLM Interest Group is the leading neutral industry group for PLM. It developed the first ever PLM Governance Standard, together with a new generation of applied PLM material including the PLM Best Practice Library and the Path to PLM. Previous PLMIG workshop series have produced tools such as the PLM Benchmarking Handbook; the PLM Maturity Reference Manual; and the PLMuERP Handbook.