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What is the Importance of Change Management?

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Change Management has become one of the most critical components for any business to remain competitive, adapt, and evolve, but also being resilient to embrace continuous change due to challenging market conditions. The business world is rapidly changing and at a disrupted pace: technology evolution, customer market trends are changing, launch of new market regulation, … Read more

What are the Key Principles of Project Risk Management?

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A proactive management philosophy and a controlled approach to risk underlies the key principles of Project Risk Management. Managing projects and its various processes are always viewed with a certain degree of uncertainty and risk. Whilst uncertainty is both unmanageable and uncontrollable, Risk Management is one of the crucial components of any successful project. Project … Read more

Why Vision and Strategy are Important to an Organisation’s “Cash-Excellence” Culture?

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Effective Working Capital Management has always been a business fundamental and long-term practice to help guide future business decisions. In many industries, obtaining adequate financing and balancing debt to equity can be incredibly challenging to maintain. But never has it been more important to understand the levers of profitability and cash management in your business … Read more

How to Prepare and Execute your Risk Management Plan?

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Risk Management is about taking informed risk and understanding your organisation’s risk appetite. Risk is inherent in Project Management but without risk assessment and risk mitigation, then risks can be inevitable and why planning (for risks) as a part of a Project Management strategy is critical. A successful project is delivered when you plan and … Read more

What are the Best Examples of Risk Management Tools?

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Risk and uncertainty are inherent in any business, project work, and every project that an organisation takes on. Management structure (and purpose) can be the determining factor for success in achieving an organisation’s goals. Because if you fail to identify risks, then you also miss an opportunity to avoid it, and missed opportunities can lead … Read more

What are the Best Examples of Risk Management Techniques?

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Risks are an inherent and inseparable part of any business. Additionally, business risk is a component of ”total risk” and represents the fact that an organisation may experience events or circumstances that create a threat to its ability to continue operating. Therefore, as any project progresses, the probability (and impact) of current risks changes, new … Read more

Releasing ‘trapped cash’ – How to Optimise your Working Capital Strategy to Grow your Business?

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When the COVID-19 pandemic began to reshape business operations globally, the preliminary response of CEO’s, CFO’s, and Treasurer’s was all about survival of their business: free up cash, liquidity (working capital), and resources to keep their business operations afloat. Due to the economic fallout, many organisations experienced devastation with their business operations and all due … Read more

Working Capital Management: How to Improve your Business Sustainability?

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The COVID-19 pandemic raised significant Working Capital challenges and uncertainty for organisations in trying to manage their cash flow. Supply chain disruptions have been a major challenge, along with consumer demand, inflation and interest rate rises, the impact of collection of Receivables, and the rate of insolvency increases. The proper management of Working Capital is … Read more

What are the 5 Steps in the Risk Management Process?

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What is the Risk Management Process? The Risk Management Process is a framework for the actions that need to be taken and addressed. It is simply – an ongoing process of identifying, treating, and then managing risks – and it should be ‘best practice’ for any organisation. Every organisation must contend with risks. Whether it … Read more

Why Risk Management is Important in Creating a Risk-Awareness Culture?

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Risk Management is an important business practice that helps organisations identify, evaluate, track, and improve the risk mitigation process within their business environment. It is practiced by businesses of all sizes; small businesses do it informally, while SME’s and Enterprise organisations have a structured Risk Management Framework. The goal of Risk Management is to ensure … Read more