mdWhen it comes to managing projects, clear communication and detailed planning are essential. According to research from PMI, nearly 37% of projects fail due to poor planning and unclear requirements. One way to keep your project on track is by using a Statement of Work (SOW). This document ensures everyone involved knows exactly what to …
What Makes an Effective Statement of Work (SOW) in Project Management? Read More »
Running a successful business today means staying efficient and flexible. This is why many companies rely on Enterprise Resource Planning (ERP) systems to manage their operations. Research shows that 95% of businesses improve their processes after adopting an ERP system. Among the many options available, IFS ERP stands out for its smart use of modern …
IFS ERP: How Smart Technology Improves Business Operations Read More »
Starting an ERP implementation is a big decision for any business. It’s not just about picking the right software, but also about choosing the right people to help you bring it to life. A study found that 75% of ERP systems fail to meet their goals due to poor planning or execution. This means choosing …
ERP Vendor or Partner? Advantages & Considerations for Each Approach Read More »
Conflict happens in every workplace—it’s just part of bringing people with different ideas and styles together. But unresolved disagreements can hurt employee morale, slow down productivity, and even lead to people quitting. According to the American Management Association, managers spend about 24% of their time dealing with workplace conflicts. For HR professionals, this number can …
HR’s Role in Employee Conflict Resolution: Practical Strategies & Best Practices Read More »
Finding and keeping skilled employees is harder than ever for businesses. The competition to attract top talent is fierce, and many companies are struggling to stand out. A recent survey shows that 76% of hiring managers say finding the right people is their biggest challenge. This makes sense—your employees are the backbone of your company. …
HR Staffing: How to Develop & Implement Effective Staffing Plans Read More »
Expense management is how businesses track, control, and manage their spending. It helps companies stay on budget, follow financial rules, and make sure employees get reimbursed quickly. A good expense management process prevents unnecessary spending and keeps finances organized. Managing expenses efficiently is crucial for financial stability. A study published in the Journal of Accountancy …
Improving business performance requires a strategic approach. Running a successful business is more than just earning sales; it’s also about efficiency, adaptability, and long-term planning. According to a study by McKinsey, companies that continuously improve their operations are 30% more profitable than those that don’t. With competition growing in every industry, it’s essential to apply …
12 Ways to Take Your Business Performance to the Next Level Read More »
Adjusting a mortgage can make homeownership more manageable, and two common options are recasting and refinancing. Each method works differently, offering unique benefits depending on financial goals. Understanding the differences between recast vs refinance helps homeowners choose the right strategy for their situation. How Each Option Affects Your Mortgage Recasting lowers monthly payments without changing …
Should You Recast or Refinance? Mortgage Options Compared Read More »
Kicking off a project the right way starts with a strong foundation—that’s where the project management initiation phase comes in. This stage is all about setting clear goals, aligning expectations, and making sure everything is ready before the real work begins. A good plan helps prevent confusion, keeps teams on the same page, and ensures …
The Project Initiation Phase: Steps for a Strong Foundation Read More »
Moving up in the business world means knowing the difference between leadership roles—because not all bosses are built the same! In most companies, two key players stand out: directors and managers. While both help steer the ship, they do it in different ways. Directors focus on the big-picture game plan, while managers handle the day-to-day …
Director or Manager: Who Handles More Responsibilities? Read More »