Operational Risks Operational risks are the risks of loss resulting from inadequate or failed internal processes and systems or from external events. It can include legal risks, but it usually does not include strategic and reputational risks. It is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from […]
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IT Risks The world of information technology (IT) is constantly evolving and improving, making it an invaluable tool for businesses of all sizes. However, with new technologies come new risks that can have serious consequences for your business if not managed properly. IT risks can range from data breaches and cyberattacks to system outages, software […]
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Project Plan If you are considering a project plan, this is great news! A project proposal has already been approved. Creating a comprehensive plan is the next step in the process. The project plan outlines a course of action for each team member, taking into account the triple constraints of scope, schedule, and budget. Project […]
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How to start my Project Comprehensive Guide If you are about to create a private project, you are required to answer several additional questions to get to know your capabilities and skills and thus be able to carefully select the most appropriate project for you, to answer the question of “How to start my Project” […]
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Bank Fraud – Modern methods Modern bank fraud methods – Banking services have developed during the last 5 years as a result of the use of financial technology with amazing development, the electronic phone wallet, and Internet banking. And Token management programs have appeared. Customer accounts and other customers’ accounts within the customer’s bank and […]
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Financial analysis of financial statements Introduction The act of analyzing a company’s financial statement can be daunting. You may be wondering where to start or what all of the different numbers mean. Don’t worry, we’re here to help to understand the Financial analysis of financial statements. In this comprehensive guide, we’ll explain everything you need […]
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What is the Balanced Scorecard? The Balanced Scorecard, referred to as the BSC, is a framework to implement and manage strategy, It links a vision to strategic objectives, measures, targets, and initiatives, It balances financial measures with performance measures and objectives related to all other parts of the organization, It is a business-performance management tool. […]
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Change Management Process Eight Essential Steps for an Effective Change Management Process Your organization is constantly experiencing change. Whether caused by new technology implementations, process updates, compliance initiatives, reorganization, or customer service improvements, change is constant and necessary for growth and profitability. A consistent change management process will aid in minimizing the impact it has […]
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Future Management Skills Introduction You’ve probably heard the saying, “The only constant changes.” As cliché as it may sound, this saying rings especially true in the business world. The skills that got you ahead in the past may not help you succeed in the future. So, what skills will you need to make it in […]
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Setting Financial Goals for your small business Financial goals definition is vital if you want to change the way you view your business. Using a financial goal to help you achieve something at the end of the desired time period can allow you to compare the progress you made to your goals. Certified Financial Manager […]
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