Remove Efficiency Remove Finance Remove Management Remove System
article thumbnail

Upgrade your Legacy System without Disrupting your Project-based Organization

Progressus

Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. According to the United States Government Accountability Office , ten of the government’s legacy systems cost approximately $337 million annually to operate and maintain.

System 52
article thumbnail

Descent of the Global Monetary System

Tom Spencer

In the long run, it would seem fairer to base the global monetary system on an asset that is not produced exclusively by any one nation and which people are generally willing to accept as valuable. Bretton Woods System: 1944 – 1971. The Bretton Woods System created a kind of monetary discipline.

System 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Transformative Power of AI in Business

Tom Spencer

AI-powered recommendation systems are another way businesses are leveraging AI-based technology to enhance the customer experience. These systems can suggest relevant products that customers are likely to enjoy. Supply chain management is another area where AI is revolutionizing operations.

Data 147
article thumbnail

Project Management Maturity Models: A Basis for Reaching Your Organization’s Business Success

Epicflow

Do you know your organization’s project management maturity level? If not, it’s high time to change the situation: project management maturity has a direct impact on a company’s competitiveness and business success. . What is project management maturity exactly, and how to define its level?

article thumbnail

How Centralization Decisions Create Friction, Increase Cycle Time, and Cost Money, Part 1

Johanna Rothman

They claim it's “Economies of scale,” and the combined organization will save money by centralizing “overhead” and flattening management. You know who that “overhead” is: the people who support the business, such as finance and HR. And, the managers. The managers each had their own assistants.

article thumbnail

The Role of Consultants in an AI-Driven World

Tom Spencer

While AI will be able to perform many tasks more efficiently and accurately than humans, there are certain areas where machines will always fall short. After conducting interviews and surveys, it became clear that the root cause of the problem was a lack of transparency on the part of management.

article thumbnail

Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

However, managing them effectively can be challenging, given the intricacies of resource management, project performance, and diverse financial elements such as billing models, regulations, and currencies. People often generate nearly 80% of the industry’s revenue, making efficient resource management critical.