Clik here to view.
The Key Elements of a Project Status Report
Project status reports are controlling documents for anyone trying to manage a project, whether it's a single-person job or one involving hundreds of people over multiple locations. The project status...
View ArticleHow to Calculate Schedule Variance in Project Management
In the earned value method of project management, which provides objective and timely data for effective decision-making, schedule variance is the difference between earned value and planned value....
View ArticleHow to Determine the Inflows and Outflows of Cash on Projects
A project meets specific objectives at specified costs and time durations. A project budget shows expenses to be incurred and the income to meet the project expenses. The project expenses generate cash...
View ArticleFour Stages of Project Monitoring
Businesses often assemble teams to accomplish a specific task or objective. The project proceeds through several stages and progress is monitored on an ongoing basis. Projects are guided through a...
View ArticleClik here to view.
Qualitative Approach to Management
The qualitative approach to management seeks to answer questions that cannot be answered from a solely quantitative angle. Although quantitative methods -- such as statistics, information models and...
View ArticleClik here to view.
How to Do an Effective Business Presentation Introduction
The introduction of a business presentation isn't an invitation to talk only about yourself. Although you should introduce yourself to listeners, you can use the time to connect with the audience and...
View ArticleClik here to view.
How to List Industrials and Commercials on Your Actor's Resume
An actor's resume is his calling card. Typically, the resume is one page in length and lists all applicable credentials, including experience, education and skills, such as horseback riding or singing....
View ArticleLimitations of Capital Budgeting
Companies looking to expand or introduce new product lines use capital budgeting as a way to determine potential profits and losses associated with particular projects. When deciding between different...
View ArticleClik here to view.
The Advantages of Project Teams
Project teams work well in handling detailed issues and short-term sophisticated research. Team-building involves selecting group members with special skills and talents to meet the complex demands of...
View ArticleStrength & Weaknesses of Payback Approach in Capital Budgeting
Capital budgeting involves the financial planning needed for companies to expand and grow. This type of planning enables companies to leverage existing and future cash flows while reaping the best...
View ArticleWhat Is Gross Spending?
“Gross spending” is a term used in finance and accounting. It is important in calculating budgets, and estimating costs and revenues. Businesses figure gross spending to give them an idea of how much...
View ArticleClik here to view.
How to Calculate MTBUR from MTBF
Equipment maintenance and repairs can be a significant portion of your company's expenses. Analyzing performance data such as the mean time between unscheduled removals and the mean time between...
View ArticleKey Elements of a Consulting Contract
To be enforceable in legal terms, a consulting contract must contain three key elements: the details of the work the consultant must do, or the offer; the client's acceptance of the proposal and the...
View ArticleWhat Is a PERT Diagram?
A Program Evaluation and Review Technique diagram is a tool used in project management scenarios. PERT diagrams are useful for tracking the time and resources needed to complete a goal, as well as...
View ArticleQuality APQP & PPAP Definitions
Of the several quality management standards used by companies that supply services or products to other corporations, Advanced Product Quality Planning (APQP) and Production Part Approval Process...
View ArticleClik here to view.
How to Have a Drawdown Fundraiser
There are various drawdown fundraiser events you can organize, including entertainment and games. A drawdown fundraiser basically involves participants purchasing tickets that make them eligible for a...
View ArticleHow to Make a Break in a Graph
Data numbers on a graph don't always group close together. For example, a graph recording a freelancer's income can fluctuate greatly from month to month. These large differences in numbers leave...
View ArticleClik here to view.
Why Is It Important to Be Persistent as a Leader?
Achieving great goals is not an accident; it is the result of persistent leadership that sees failure as a temporary obstacle. Persistence is the ability to continue moving forward, looking for...
View ArticleClik here to view.
How to Manage a Meat Market
Meat markets are an entrepreneurial enterprise that have been in existence for centuries. They are places for people to congregate and purchase meats for cooking meals. Whether it's a small-scale mom...
View ArticleClik here to view.
How to Rank Probability & Impact Matrix
A probability and impact matrix is a project management tool used to assess both the likelihood of potential risks and their impact upon a given project. When used properly, they can provide a course...
View ArticleClik here to view.
Operating Working Capital vs. Net Working Capital
Operating working capital, or OWC, is the measure of liquidity in a business. Net working capital, or NWC, is the result of all assets held by a company minus all outstanding liabilities. Operating...
View ArticleClik here to view.
What Are Deferred Procedure Calls?
A deferred procedure call (DPC) is an interrupt-handling mechanism in the Microsoft Windows operating system to which drivers can reference when running certain processes. DPC allows a task to be...
View ArticleThe Aggregate Accounting Method
Escrow accounts are accounts in which money is stored on behalf of one party and used for a particular purpose. In real estate, escrow accounts are used by lenders to hold payments for a variety of...
View ArticleScheduled vs. Effective Gross Income
Scheduled and effective gross income are both terms used for investment properties. Investment properties are those that individuals and businesses purchase in order to create alternative flows of...
View ArticleClik here to view.
How to Open a Bar & Grill in North Carolina
Opening your own bar and grill can offer financial independence, a sense of accomplishment and the satisfaction of building a business yourself. If the bar and grill fails, you assume the financial...
View ArticleThe Project Costing Process
Project costing is the process of analyzing a project or components of a business activity in order to find out what all of its elements cost. Costing is attaching specific costs to the proper...
View ArticleClik here to view.
Four Requirements for Effective Cost Control
Cost-control procedures are a vital tool for managers who wish to produce satisfactory ratios of profits, or benefits, to resources invested. The only way to know if your business is cost-efficient is...
View ArticleWhat Is Unlevered Equity?
Unlevered equity is a term used when describing costs for a business, referring to equity that is not adjusted for any long-term debt accounting. It is used especially in cost analysis for business...
View ArticleThe Disadvantages of Being a Stakeholder
Stakeholders are individuals who are affected by a project or who have some sort of influence over the project. Stakeholders have a vested interest in how the project turns out, whether it fails or...
View ArticleClik here to view.
The Most Effective Techniques to Encourage Team Members to Contribute to a...
Organizations form teams to complete specific projects or foster ongoing improvement. The project manager or team leader has the task of managing the group to elicit the best performance from members....
View ArticleClik here to view.
How Does Benchmarking Work?
Benchmarking is a sequential process that begins with an awareness that you have to room to improve certain business processes and ends when you take the steps necessary to do so. Along the way,...
View ArticleWhat Is a Cumulative Cost Curve?
Cost analysis allows businesses to determine the actual and anticipated costs of a project. Cumulative cost curves provide business owners with a visual representation of cumulative costs and benefits,...
View ArticleWhat Is Tangible Cost Benefit?
Businesses use cost-benefit analysis to determine the intangible and tangible costs, and benefits to their business models when they undertake certain actions or choose not to do so. Government and...
View ArticleClik here to view.
How to Start a Frequency Converter for a Gas Turbine Generator
A static frequency converter serves to bring a large gas turbine generator up to near its operating speed as it is being brought online (put into service), at which point the turbine takes over power...
View ArticleClik here to view.
Fun Ways to Roll Out a Strategic Plan
Every company benefits by the introduction of a strategic plan to guide the business. This plan is necessary because it addresses such issues as developing a vision, identifies what direction the...
View ArticleClik here to view.
The Three Most Common Problems Associated With Multi-project Resource Scheduling
The three most common problems associated with multi-project resource scheduling are related to a lack of supply. There is only so much that can be distributed in terms of either time or manpower in...
View ArticleWhat Is Total Revenue-Total Cost Approach?
A business must determine the ideal amount of expenditures to receive the maximum amount of benefits from business investments, a state known as equilibrium. Since a business cannot easily visualize...
View ArticleClik here to view.
Metal Stamping Cost Guidelines
Metal stamping is the process of applying pressure to sheet metal in order to impart serial numbers, insignias or designs or to create dense, high-quality metal products. Often, these are industrial...
View ArticleWhat Is a Slack or a Float?
In project management, the terms slack and float describe the length of time that an activity can be delayed without delaying the finish date of a subsequent activity, or the finish date of the entire...
View ArticleClik here to view.
Factors to Consider for Gap Analysis for a Software Application
A gap analysis is a crucial step an organization takes to achieve software quality. A concrete plan, business environment, technical environment and users are all important factors to consider when...
View ArticleClik here to view.
Examples of Online Data Gathering Tools
Automating the online data gathering data process makes your business and personal life much easier. Once programmed, these tools collect, aggregate, process and deliver tailored Web-based information...
View ArticleClik here to view.
How to Implement a New Strategy Without Disrupting Your Organization
The carpentry adage, “Measure twice, cut once,” provides good advice for business owners wanting to add new strategies to their companies without disrupting their current operations. Careful planning...
View ArticleClik here to view.
The Elements of Lean Manufacturing
Lean manufacturing is a set of related practices designed to reduce the time and cost of production while maintaining high quality standards. Henry Ford, with his introduction of the assembly line, is...
View ArticleClik here to view.
How to Plan a Business Management Operations Strategy Project
A business management operations plan helps to guide an organization’s future. It is the basis for all future decisions that affect everything from budgets to strategic business goals and fulfillment...
View ArticleClik here to view.
How to Write a Report on an Advertising Campaign
Although advertising is a creative endeavor, it should also rely on a variety of objective factors and measurements to help a business determine its effectiveness. When writing a report on an...
View ArticleClik here to view.
How to Develop a New Business Development Team
Sales strategies often include a two-tiered approach to increasing revenues. The first centers on attracting new customers and clients while the second focuses on increasing sales among existing...
View ArticleClik here to view.
Definition of Administration Skills
Any person in charge of running an organization must have strong administration skills, which include both organizational and technical skills. Many organizations hire administrative assistants to make...
View ArticleClik here to view.
How to Smelt Copper
Humans have used copper for nearly 10,000 years. When civilizations learned to smelt copper, the phenomenon created a period called the Copper Age. In the book "The History of Science and Technology,"...
View ArticleFactors to Consider for Capital Expenditure Decisions
Capital expenditure decisions are very important and complex. They are long-term in nature and require a large fund outlay. These expenditures include purchasing new machinery, constructing new plants...
View ArticleClik here to view.
A List of the Steps in the Information Processing Cycle
The information processing cycle, in the context of computers and computer processing, has four stages: input, processing, output and storage (IPOS). However, at some levels within a computer, some...
View Article
