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Managing project finances is hugely important and effective management can make the different between project success and project failure – often with significant cost implications. Project based reporting from financial management systems is often, time consuming, difficult and very frustrating. Hours spent manipulating spreadsheets when you could be concentrating on other aspects of your job. … Read more

Project Management Software Solution: Choosing a project management software solution will take time and serious thought should be given to each available package. Before committing to a solution, the following points should be considered by any and all companies: Decide whether a cloud-based or self-hosted solution is right for your company – If money is … Read more

Any company that runs multiple projects simultaneously as well as those that have teams of three or more people working on a single project should seriously consider investing in a project management software solution. Additionally, such a solution is absolutely vital for teams containing people who are dispersed across multiple offices, since it provides all … Read more

When the correct project management solution is implemented and employees are appropriately trained to use the software, the likelihood that important deadlines are met and budgets are not exceeded greatly increases, potentially leading to a greater return on investment. There are several benefits to deploying project management software: All team members can manage their project … Read more

The use of software project planning for the creation of your new deliverable is the modern format for creating the necessary formal documents that are required for such a business venture. This allows the project team to contribute no matter where they are physically located in the world because the program can now be loaded … Read more

Enterprise risk management (ERM) as a term has developed over recent years to mean differing things to different people. Enterprise Risk Management (ERM) is as an enterprise-wide, integrated (holistic) approach to corporate management. The aim is to increase corporate value by systematic risks responding and securing the company’s goals against disruptive events. The essence of … Read more

Since the emergence of Business Process Management (BPM), organizations adopting it have had a wide variety of experiences some successful and others less so. Some would argue that because Business Process Management is so amorphous that any project is considered to be analogous to ‘boiling the ocean’ and therefore, the outcomes may vary from exceptionally … Read more

Project management (PM) is a function which is necessary and very important for any organization – big or small. Unfortunately, many organization does not take this seriously and do not implement project management as a practice in place. Many SMBs find it too heavy on the bottom line that they do not want to pay … Read more