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What are the Best Practice Fundamentals to Improve Working Capital?

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As experienced throughout the global COVID-19 pandemic, the resulting period of economic volatility, labour shortages, and supply chain disruptions impacted the Working Capital of many businesses by forcing them to retreat into survival mode and implement a moderately conservative strategy. Aside of fluctuating business recovery in the post COVID-19 era, there are now legitimate concerns … Read more

What are the most Common Change Management Challenges?

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Businesses must keep pace with changing economies of scale, market conditions, and continuously going through multiple organisational changes to innovate and outperform their competitors. The end goal is to align improving productivity and driving revenue targets, but with the corresponding increase of the volumes and complexities of change – only one (1) in three (3) … Read more

How to Create an Effective Change Management Process?

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It is an interesting but valid question for many organisations – Would you keep enduring with non-functioning systems and outdated processes, or make a simple (but robust) decision to implement a Change Management Process that works? Change is a necessity for business survival. The current business environment is continually evolving but not knowing the future … Read more

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