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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
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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
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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
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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. Another area where consultants can help to resolve ethical dilemmas is in ensuring that AI systems do not perpetuate bias or discriminate against certain groups of people.

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Optimizing Project Accounting: A Game-Changer for Professional Services

Progressus

To steer the business in the right direction, the finance department requires instantaneous data on project statuses, forthcoming deals, and future client engagements. This 360-degree view facilitates efficient project management, helps in tapping into real-time opportunities, and allows firms to recognize and mitigate potential risks.

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

Johanna Rothman

You know who that “overhead” is: the people who support the business, such as finance and HR. The musical chairs game focuses on resource efficiency. It disregards flow efficiency , management experience, and how the best managers support their teams. And, the managers. Unless you were female. I certainly noticed.)

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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

People often generate nearly 80% of the industry’s revenue, making efficient resource management critical. Efficient resource allocation, based on skills, experience, focus areas, and credentials, maximizes billing rates and avoids work scope disputes.