Do you wants to know how to start developing a strategic business plan? First we must differentiate between business plan and strategic plan. A business plan is usually done for different reasons, such as investment research, and covers general concepts about the company such as business model, sales model, financing required and others, however, a strategic […]
Principles of Financial Administration
Companies require material or financial human resources, whether small, medium or large. Finance consists of three interrelated areas: The role of finance will be oriented to financial resources, because money is a resource to acquire assets, cancel immediate and long – term obligations. Principles of Financial Administration To generate cash flows needed revenue for cash sales and portfolio recovery, contributions […]
Practical Cash-flow remedy for Small and Medium-Sized Enterprises
The speed of change in today’s businesses surroundings is actually inarguably shocking. Growth of e-commerce; variations to companies structures; evolving interactions, adjustment to financing arrangements; entry to investment and its own resources. All happening at progressively rates that is exponential. Fast. The point that there is extra processing energy for the ordinary laptop these days than it got […]
How to Calculate Slack Time? Slack Time Formula Explained with Example
Slack Time = TL – TE is the slack time formula that is used to find the slack or float time of activities in project management.
Statement of Work Definition and Guidelines to Prepare
Statement of work definition: – The narrative specification of the needed work for the project is referred to as the Statement of Work (SOW). The desires of the top management, the customer, and/or the user group ascertain the complexity of the Statement of Work. Project office prepares the Statement of Work by taking input from […]
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