Estimating your project is one of the most important stages in the project planning process. In order to create decent project plan budgeting, estimating and financial analysis is critical for success. This is important for the success of the project as well as for getting support on the project from various stakeholders within your company. … Read more
Business intelligence reports are the essential tools used by managers on a daily basis to help them manage their businesses better. In order for any company to achieve success and sustain the growth, it has to be able to compare current business performances with the past and benchmark against competitors and targets. Business Intelligence reports … Read more
What is SCAMPER and how to use the SCAMPER tool to boost creativity? When you brainstorm new ideas for new strategies, new products and services, new processes… it is important to have fresh and new perspectives and step back to see the reality with a different mindset. However with the fast paced business environment … Read more
Business process analysis focuses on the business processes. Business processes are all sequential and repetitive activities that occur in organizations on a continuous basis – day after day business processes create and deliver value for the organization and its customers in an effective and efficient manner. Example of business process include production process, product and … Read more
The Difference that Management by Objectives (MBO) Can Make for Your Business Management by Objectives is a form of goal definition within a business that allows the management and the rest of the employees to understand and agree on the same outcomes that need to be achieved by that business. The term was coined in … Read more
– Total Revenue (TR) which is calculated as number of products sold times unit price – Total Fixed Costs (TFC) generally this number will not change unless the analysis is for a large range / changes in the revenue – Total Variable Cost (TVC) which varies directly with the number of products sold The Profit … Read more
R&D is a major part of many organizations in terms of success in the marketplace through developing new technologies, services, solutions, products, processes and know-how. The way those type of organizations measure their success is crucial for management because that drives the incentives and the direction of all R&D team members and activities. It is … Read more