April 2021: What is the meaning of Crisis Management? A crisis bears the connotation of a sudden unexpected and undesirable event at large scale with disastrous impact. It could be natural event, or emerging from economic and social sources, internal or external to the scope under consideration. Responding to such events would usually require previous preparations and readiness of disaster recovery action plans, with backup locations, operation lines, support centers, etc. Given the fact that crises events are rarely expectable up front, a detailed execution plan may barely be possible to develop in advance so that it is invoked upon strike. Thus, such plans will be generic and high level, with broad line responsibilities under urgency. Consequently, handling a crisis upon occurrence requires, in addition to the planned actions, the professional judgment of people in charge.
March 2021: What is Resource Leveling? Resource Leveling refers to the techniques used during project planning, and throughout project execution and monitoring, to review and re-balance resource allocation in the project. Some resources could be over-allocated with tasks, and others could be under-utilized. To resolve resource allocation issues, the maximum availability level of each resource is defined, and tasks are re-distributed and rescheduled and / or resources are increased / decreased according to task requirements in order to keep resource utilization to optimum level, taking in consideration cost implications of resource usage time. Resource leveling can be challenging in complex projects where diverse resources from many suppliers are in use, or when resources are being shared with other projects where resource time and usage schedules need to be synchronized among projects.
February 2021: How to keep your project portfolio balanced? An organization could possess one or more project portfolios that include all initiatives within scope of each portfolio. The purpose of managing all initiatives together as a portfolio is to keep investments and efforts directed to activities that fulfill the organization's strategic objectives, to maximize return and achieve goals. To this end, the portfolio composition is reviewed regularly to reassess alignment of initiatives with objectives, viability of currently running initiatives in light of their status, and re-prioritizing initiatives in terms of resource allocation, taking in consideration newly approved initiatives, and completed or terminated ones. The portfolio is said to be balanced as long as component initiatives are proportionally distributed along categories and goals, with proper tradeoff between risk, cost, and return, and distribution of resources. Bubble charts and scoring sheets are most common tools used in portfolio reviews.
January 2021: How to raise security awareness for your staff? Various studies show that more than 50% of security breaches are traced back to human error. Insiders can be the biggest security threat facing your organization, intentionally or unintentionally. Mistakes like abusing authorities to allow for externals to access the facility or confidential information and intellectual property, or not abiding by procedures and mandates of the security policy set by the organization, can all lead to leak of information, malicious access and manipulation, or direct attack and loss of service. External attacks can be mitigated by applying proper security measures and tools at entry points, contrary to internally initiated attacks. Staff awareness can be raised by regular updates of security practices they should follow, and providing security awareness and training sessions to all staff as suitable for their positions and corresponding potential threats.
December 2020: What is the Fourth Industrial Revolution? The fourth industrial revolution refers to the invasion of digitalization in all forms of industry. Advanced technologies like IoT (Internet of Things), RPA (Robotic Process Automation), cloud computing, etc. are the main characteristics of this trend. It will be inevitable for companies to adopt such technologies incrementally over time. Advantages of this transformation include but not limited to higher control, less costs, increased productivity, higher throughput, more opportunities for innovation, and increased interaction and integration between all components in the supply chain. Downsides as a result of such changes will include loss of employment opportunities, especially for jobs replaced by machines or robots, and less direct human interaction and face to face relationships, and subsequently reduction in the positive role of humanitarian interactions.
November 2020: How data science can help your business? Data science is concerned with analyzing and understanding data in order to draw conclusions and make decisions based on information and knowledge extracted from data. Correlations, patterns, distributions, probabilities, and trends are all interests of data analysis. Based on understanding of these findings, businesses can take the right decision at the right time according to their targets. Essential to data analysis is to collect sufficient amount of indicative and relevant data, which should be clean and reliable data from credible sources. Incorrect data will be wasteful of time and effort for analysis to eventually lead to wrong understanding of reality and misguided conclusions. Data scientists use analytical tools to help in analyzing large amounts of data with accuracy and flexibility to work with data and the information required to be extracted from them.
1 2 3 > Last ›
[Archive: 2012 - 2015 | 2016 - 2019]