Key to Success for Professional Services Organization: Imagine this. A professional services company (engineering services, software services, or others) is trying to win a major new client that would boost its sales figures. To win the deal, the sales team agreed to a significant discount—in addition to committing to offer extra help during implementation and … Read more
Project Management Tools: An integrated project management solution ensures that all processes are managed through a unified intuitive platform. Tier-based access ensures that various enterprise stakeholders gain access to project updates, communication messages, notifications, and reports. A robust project management tool also drives greater efficiency, by bringing different resources under one umbrella solution. Key aspects … Read more
Project Finance Management Project finance management is a critical aspect of effective project management, as it focuses specifically on vital business metrics. Key areas such as budget consumption, revenue, cash cycle management, and project funding are essential to map consistently, to gain a complete picture of each project. Additionally, the right financial management protocols, risk … Read more
New Product Development Software This blog is part two of a two-part blog. Let us quickly recap the essential elements from Blog-Part 1. Let us now turn our focus to putting innovation to work. Innovation starts with an idea to a problem, a pain point, an improvisation, or a radical view that challenges the status quo. … Read more
One of the hallmarks of consistently great organizations is the ability of employees to collaborate across the organizational hierarchy. Collaborative work goes beyond the ability to communicate. The need for collaboration has never been so much as in the past twelve months. Most business managers and professionals mistake collaboration for the use of software tools, … Read more
Role of New Product Development Software In this two-part blog, we shall explore: Look around. Car. Television. Mobile. Beverage. Laptop. Snack Food. Washing Machine. Others. For any category of product, there are numerous options available that are manufactured by different companies. Why are some more successful than others? By the way, do you remember these … Read more
There cannot be a project without its success criteria. However, when we observe discussions on various online forums or conferences, many project professionals focus on schedule, cost, and quality. Numerous publications on project management continue to pivot around the triangle of schedule, cost, and quality. Is this so? Has the nature of projects not changed … Read more
The need for enterprise collaboration as well as an online collaboration tool has never been so much as in the past twelve months. However, it is somewhat strange that most business managers and professionals mistake collaboration for the use of software tools, the growth of which has been extraordinary – thanks to COVID-induced work-from-home. Statistics … Read more
Projects deliver products or services. Products and services are further broken down to deliverables that teams are responsible for. To plan, execute, and track these deliverables, it is imperative that specific tasks are identified for each of the deliverable and ownership assigned to specific team members. It is in this context organizations must carefully choose … Read more
Business Process Modelling Tools: Before talking about the tool let us address some foundational aspects: Along with this understanding, we would cover: What is Business Process Management? Business process management is an organizational discipline where a company closely reviews all the processes individually and holistically. It analyses the current parameters and identifies problems of improvement … Read more
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