In order to succeed, businesses must create something, monetise it and maintain its value. In doing so, they can protect their products and services, identify their value and continue to bring in profits. However, the way in which companies create, monetise and retain value changes over time. 

New technology has revolutionised the workplace and given businesses more scope to compete in a global market. With the ability to send documents around the world in seconds, liaise face-to-face with colleagues abroad and work from any location, cloud-based computing has increased flexibility in the workplace and enabled companies to operate on a larger scale. 

Having a business continuity plan in place is vital for operational success. Should your company be affected by any unforeseen issues, a business continuity plan will enable you to continue functioning without a loss of investment or income. 

A project will never be completely risk-free. Indeed, risk will always be an element of a project process, an unavoidable component that you have to be prepared for. You always need to think about what could go wrong with your project. Unfortunately, there are too many businesses that are not putting the right level of focus on risk management. Instead, teams ignore this completely and hope for the best without preparing for the worst. So, how do you know if you are effectively managing your project risks? 

It’s possible that you have spent a lot of money on a project management system or software. Thus far though, you are not seeing the results that you had hoped for leading to a poor ROI. What’s going wrong? 

When you begin a project within your organisation you want to start it safe in the knowledge that your project will deliver what you expect. Before starting a project, your project manager will set out the key initiatives and projected outcomes along with timescales and budget. It is the responsibility of the team and the project leader to ensure that the project stays on track and delivers the right objectives. 

A Project Manager is a member of your organisation, tasked with leading specific large-scale projects. Ensuring clarity around the scope of work, onboarding and educating other individuals within the company, as well as managing timelines and budgets needed for completing the project successfully.