Category: Finance

Project Management Automation: How To Choose And Implement The Right System

Companies whose employees carry out project activities need to be managed – and preferably efficiently. If projects do not require large financial investments and active teamwork, then management can be fragmented and haphazard, which is bad for business. Practice shows that companies usually implement several projects at the same time. And, as a rule, the same people are involved in this. Automation of Kendo Free Self-hosted project management for companies will greatly facilitate the work of employees and increase the efficiency of activities.

More and more often, a virtual environment is used for project management. This is due to the need to increase the human potential for solving unique problems. The hour is not far off when Russia will begin to experience a shortage of responsible resources; in other words, there will be a need for highly qualified specialists capable of solving the project’s tasks. This will lead to the fact that the project teams will need to be put into virtual mode. This trend cannot be hindered by any restrictions (neither linguistic nor cultural).

Goals and objectives of automation of project management of the company

The system pursues rather “high” goals:

  1. Increase in the efficiency of employees carrying out project activities.
  2. Improving the quality of the work of managers in project management.
  3. Increase in the efficiency of project management of the company in progress (adherence to the budget, reduce costs and deliver more projects on time).

Achieving these goals is impossible without the availability of certain tools. Without going into the details of the description of the functionality, we can say that the automation of project management should solve the following tasks:

  • Developing a plan. Risks are taken into account, a work schedule is drawn up based on available resources and limitations, control points are set, and financial and economic calculations are carried out. When changing indicators, it is possible to quickly adjust the plan. In other words, you can analyze the possible scenarios for the development of events.
  • Document flow and storage of documents. The main thing is to choose a program that will not complicate but will facilitate project management.
  • Communication and information. The creation of a single information space is the main task of automation. The quality of project management depends on the promptness of the exchange of corporate information. Moreover, this applies not only to internal but external communication (suppliers and customers).
  • Exercise control. Automation of project management allows you to comprehensively control the work: the head – subordinates, managers – the state of processes, the director – the stages of project implementation.
  • The efficiency of management decisions. The ability to quickly obtain the necessary data and possess information about the current state of affairs can speed up the decision-making process.

In summary, project management automation in an organization produces the following results:

  • Project implementation is accelerated.
  • The efficiency of project management is increased.
  • The use of the organization’s resources is optimized.
  • The communicative connection between the participants in the project activity is improved.
  • The efficiency of managing not only employees but also their workload increases.

Most of the modern programs that automate project management are easily integrated with other systems and make teamwork more coherent. For example, if you use an automated system, the function of sending emails is standardized, remote work is possible (via a browser or a mobile application), and the preparation of customized reports.

Thanks to management automation, it becomes possible to structure risks at least a little, although this process is practically not amenable to optimization. The system is able to warn of risk, for example, in financial matters or disruption of supplies.

In The Midst Of Financial Stress, What Is The Way Out?

For several reasons, you may experience financial stress. Perhaps you have had unforeseen events requiring you to pay an amount of money that you did not foresee, have spent too much or are unable to work due to an illness? Financial stress means that you feel an inability to “make ends meet”, that you may even be discouraged and helpless about your situation.

Did you know you are not alone? One in two adult feels financial stress. It is likely that the mere act of discussing finance is crippling, but to see a way out of this stormy road, you have to take big or small steps.

Identify your source of stress

What is causing you stress? Is it that you can’t put money aside, have you used up your hard-earned emergency funds, do you have any upcoming expenses? To fully understand the source, you have to get to the bottom of it and explore your problem to fix it.

Create a budget

Take stock of all your income and expenses, then revise it to suit your needs. Do not hesitate to ask for the help of one of our professionals to revise your budget. Never fall into the trap of credit offers since this will increase your debt and thus, the tension felt in your situation.

Pay attention to your expenses

By the time your situation gets back under control, allow yourself a certain period of time, buying only what you need and paying off your debts as much as possible. Your budget will go a long way to helping you get a picture of your situation. Now is the time to take action!

Save money

Once your financial situation is “under control”, prevent stress from returning by better planning for the unexpected. By putting money aside, you will better cope with the unforeseen and the blow will be better amortized if you have money for a future purchase / investment.

Things You Didn’t Know About Financial Bankruptcy

When all other options are no longer available, bankruptcy is a last resort that allows you to prevent the situation from worsening and finally regain control of your life. It is, in other words, a whole new start to regaining good financial health.

In many cases, almost no property is seized in bankruptcy.

Indeed, declaring bankruptcy does not mean that you will lose everything. Whatever happens, you will keep the essentials in order to maintain a reasonable standard of living. You will pay a sum of money monthly according to your income and the assets you want to preserve. You will not lose the instruments and tools essential for your work and you will keep the necessary furniture in your main residence. In fact, filing for personal bankruptcy interrupts foreclosure proceedings as well as any legal proceedings against you.

A first bankruptcy lasts approximately 9 months in Canada

Although several factors affect the longevity of bankruptcy, it is usually of limited duration. However, if you have not followed your conditions, your bankruptcy may well take longer. In particular, you will need to complete the required payments to your trustee and attend at least two consultation sessions.

You don’t have to do the same if your spouse has declared bankruptcy

You are in no way responsible for the debts of others due to a common-law relationship or through marriage.

You are no longer allowed to own credit cards

The law requires that you surrender all your credit cards to the trustee in bankruptcy, regardless of whether there is a balance owing or not. You are not entitled to any credit during this period.

To find out more or for more advice, do not hesitate to consult us and do business with our team of professionals.

Things To Do With Your Tax Refund To Put Your Finances In Order

Spring doesn’t just bring milder weather, it’s also tax refund season. However, while this influx of money may turn out to be a temptation to spoil, it is also an opportunity to put your finances in order.

Pay your debts

Deciding to postpone paying off your debts is just about making yourself even poorer. After all, with the high interest, it is better to pay off your credit card, your car loan or even the mortgage as soon as you have a surplus in your budget.

Undertake renovations

Although this is a long-term investment, undertaking renovations could not only allow you to refresh your interior, but also qualify for the green tax credit and receive a refund of up to at 20%.

With this in mind, we invite you to consult our latest articles in order to discover other practical advice to restore your finances and allow you to optimize your savings.