Is Your Project Business Ready for Risk?
Adeaca
by Matt Mong
4M ago
In the dynamic landscape of project-driven enterprises, risk is omnipresent. As projects become integral components of your business strategy, the risks associated with them become strategic risks, capable of impacting your entire business. Mitigating these risks effectively becomes paramount for sustained success. Understanding Project Risks In the realm of project management, risks fall into two broad categories: known and unknown. Known risks are those that can be anticipated, their potential impact estimated, and mitigation plans formulated. On the other hand, unknown risks are inherently ..read more
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5 Ways PBA Adds Value to Your Business
Adeaca
by Matt Mong
8M ago
When buying and implementing a business system, you want to ensure that the value received from the system is many times the cost of it, otherwise, why would you buy it? When it comes to Project Business Automation (PBA), what is the value it brings to your company? Many people can see the immediate efficiencies that PBA can bring to their company. For example, it eliminates the need for multiple tools and spreadsheets to manage your projects. However, what does PBA really mean to the bottom line? How can you identify and quantify the value of PBA for the business? When it comes to driving bus ..read more
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Introducing Project Business Systems
Adeaca
by Matt Mong
9M ago
Building a Strong Foundation for Success In the world of project business, having the right systems in place is crucial for success. That’s where Project Business Systems come into play. This emerging category of business systems is specifically designed to meet the unique needs of enterprises running projects. If you are a project-based company or have projects that are vital to your company, it only makes sense to utilize a project business system to streamline your operations and maximize efficiency. Key Components of a Project Business System A robust project business system comprises vari ..read more
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Project Business Automation: Streamlining Operations and Improving Performance
Adeaca
by Editorial Team
1y ago
In today’s fast-paced business environment, organizations are constantly seeking ways to improve efficiency, reduce costs, and increase productivity. One solution that has gained popularity in recent years is Project Business Automation. This refers to the use of an integrated business system to streamline various aspects of project management, such as estimating and budgeting, scheduling, resource allocation, and cost tracking. In this article, we explore some of the key benefits of Project Business Automation (PBA) and how it can help organizations achieve their goals. Improve Project Perf ..read more
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Project Organization Structure: Manage People and Project Relationships Efficiently
Adeaca
by Shina Neo
1y ago
Large, complex projects have a lot of moving parts and demand a lot of hands-on deck. Project-based companies that operate without a project organization structure lack the ability to efficiently assign projects and project roles to people, making it difficult to designate formal supervision and management between project stakeholders. In addition, there also tends to be a lot of miscommunication and confusion as tasks may be neglected and project issues overlooked. Ultimately, without a project organization structure in place, it’s almost impossible to collaborate effectively, reduce risk and ..read more
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The Project Workflow: An Automatic Progression of Your Project
Adeaca
by Shina Neo
1y ago
Project-based companies either don’t have the option or the desire to let a project business system tell them what project tasks to do. This means capacity constraints and networks are often ignored causing schedule disruptions and increasing project risk. Many project managers are left in the dark about the status of their projects and as a result are not risk ready to mitigate any issues that may arise. Without a project workflow structure in place, it’s difficult to manage complex projects and ensure its successful completion effectively and efficiently. The Project Workflow in a Generation ..read more
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The Enterprise Performance Index: Know How Your Business is Doing with One Number
Adeaca
by Shina Neo
1y ago
Project-based companies often lack visibility into project business performance and have no idea where to look on how to improve. This is because they operate in a disparate landscape of point solutions to manage their projects. With not true data integration, project insight suffers and companies are left in the dark as to how their business is performing. There isn’t a single source for accurate, objective information about the projects and business. In addition, companies spend a lot of time and resources consolidating and integrating data to provide meaningful, actionable data. Most of the ..read more
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Project Insight with Power BI Reporting and Visualization in a Generation 3 Project Business System
Adeaca
by Shina Neo
1y ago
If you’re managing your project business in different systems, chances are you’re deploying a massive amount of resources to consolidate and integrate that data to provide meaningful, actionable information. This means a major increase in time and money to do this, or it simply doesn’t get done. The manual integration required to gather data from multiple standalone project intelligence applications often results in misinformation and bad data. Visibility into the real-time status of projects at any level is impossible making it difficult to manage a wide range of KPIs across business regions ..read more
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Managing Project Issues and Risk in a Third Generation Project Business System
Adeaca
by Shina Neo
1y ago
Managing projects is no easy task and there are so many things that could go wrong. Known and unknown risks threaten not only individual projects, but the overall business itself. Many project-based companies struggle to keep track of all those risks and don’t have a system in place that automatically alerts the right people to the right information. Project issues are not discovered until after they cause major problems, which often results in a delay or significant added costs. This is a direct result of managing projects in disparate systems and applications. There’s no way to monitor finan ..read more
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Manage Subcontracts in a Generation 3 Project Business System
Adeaca
by Shina Neo
1y ago
Typical subcontracting processes lack the ability to manage a fluid scope of work. Subcontracting solutions today lack true integration between accounting and delivery operations, making managing multiple subcontracts not only time consuming, but risky as important issues can be overlooked. Without a truly integrated project business system, it’s also difficult to keep track of required documentation like insurance details, certificates, waivers, etc. Subcontracting processes also tend to lack accessibility to real-time project data, leaving project managers in the dark about the status of the ..read more
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