Risk management

ISO 22301: The underestimated standard that can save your company

The ISO 22301 standard, also known as the international standard for business continuity management (BCMS), is an often overlooked key to organisational stability and resilience. At a time when organisations are faced with unforeseen challenges such as natural disasters, cyber-attacks or global pandemics, the importance of effective business continuity management is becoming increasingly clear. According to a 2021 study by the Business Continuity Institute, 73% of companies found that they were not optimally [...]

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How D&O insurance can save your career as a manager

Not only since the start of the trial against Markus Braun (ex-CEO of Wirecard) has it become clear that managers are constantly exposed to a variety of risks. These risks can affect not only the company, but also personal liability claims against the managers themselves. It is therefore essential to look into D&O insurance (Directors and Officers insurance). This special liability insurance protects managers against financial losses caused by wrong decisions or breaches of duty in the course of their professional activities.

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Risk management in property development

Risk management plays a central role in property development, as it forms the basis for well-founded decisions and strategic planning. In a sector characterised by uncertainty and unpredictable market developments, a systematic approach to identifying, assessing and managing risks is essential. Property developers face a variety of challenges, including economic fluctuations, regulatory changes and technological innovations. Effective risk management enables developers to recognise potential threats at an early stage

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Financing property projects: Tips and examples

Financing is an essential component in the realisation of property projects. It includes all financial measures required for the acquisition of land, construction or renovation of property. Without adequate financial resources, the realisation of a property project is not possible. An effective financing strategy is crucial for the success of the project and the long-term value retention of the property. Various financing options must be considered and the optimum solution for the specific project determined.

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Sustainability risks: Challenges for companies [with 3 examples]

Sustainability risks are factors that can jeopardise the long-term stability and success of a company. These risks include environmental, social and governance-related aspects. The most important areas include climate change, resource scarcity, human rights and corporate governance. It is essential for companies to identify these risks and incorporate them into their strategic planning in order to secure their future viability. Climate change represents a significant sustainability risk. Its effects on companies are manifold. Extreme weather events such as flooding or

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Microsoft Azure: Risk without qualified knowledge

In today's digital landscape, Microsoft Azure stands out as a powerful cloud platform that can help businesses, including those supported by the federal government, reach new heights. But, utilising its capabilities without the right expertise can lead to significant security risks. This article explores the benefits of Microsoft Azure, the potential pitfalls of using it without in-depth expertise, and how the right certification can protect your organisation's data. Additionally

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Fix and flip properties: Successful renovation and sale

The property search is a complex process that requires careful planning and research. Firstly, investors should define their specific requirements in terms of location, size, facilities and property type. A thorough market analysis of the target region is essential in order to make informed decisions. Estate agents and online platforms can be valuable resources for property searches. When selecting a property, it is important to consider long-term perspectives. This includes assessing future developments in the neighbourhood, infrastructure projects and

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Photo Risk matrix

Project risks: strategies for minimisation

The successful realisation of a project requires the consideration of various factors, with project risks playing a central role. Project risks are defined as potential events or circumstances that could have a negative impact on the course of the project. These risks can have a variety of causes, including unexpected changes to project requirements, technical difficulties, lack of resources or external influences such as political or economic changes. It is essential for the success of a project to identify, assess and minimise risks at an early stage. This

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Safety in facility management: important aspects and measures in 2024

Security in facility management is a key aspect of ensuring the safety and well-being of everyone in a building or facility. This includes both physical security and the protection of data and information. Efficient safety management reduces the risk of accidents, increases productivity and promotes user confidence. Compliance with legal regulations and safety standards is another key component of facility management. This does not

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Organisational negligence in FM: How to avoid it in 2024?

In the complex world of facility management, organisational failure (or at least organisational negligence) can have far-reaching consequences that go beyond immediate physical damage. From potential property damage and personal injury to long-term damage to an organisation's reputation, the risks are high. This article explores what organisational negligence (because that's at least what the allegation is about...) means, the types of harm that can occur and effective strategies to address it.

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The four project phases: Planning, realisation, control, completion

Project management is a structured method for planning, implementing and controlling complex projects. It comprises four main phases: Initiation, planning, implementation and completion. In the initiation phase, project objectives are defined and resources are allocated. The planning phase includes the detailed development of schedules, budgets and risk management strategies. During the implementation phase, the planned activities are realised and continuously monitored. The closing phase is used to evaluate the success of the project and document the findings. Effective project management requires clear communication,

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The most important corporate management tools

Corporate management tools are essential aids for the effective management and control of companies. They cover various areas such as strategic planning, organisational structure, human resources, controlling, innovation management and risk management. These tools enable managers to optimise company performance, reduce risks and ensure sustainable success. The importance of corporate management tools for a company's success is undisputed. They provide managers with the necessary means to make informed decisions and improve performance. The targeted use of these tools can

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Effective project structuring

Effective project structuring is a key factor in the success of a project. It enables the precise definition and organisation of goals, tasks and resources, which increases the efficiency and productivity of the team. Structured project planning provides a comprehensive overview of the overall project and facilitates the early identification and resolution of potential problems. Clear structuring improves team communication and promotes collaboration. It enables effective task allocation, resource allocation and scheduling. In addition

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Efficiently manage commercial property

The efficient management of commercial properties is a key factor for the sustainable success of property investments. Professional commercial property management ensures the optimal use of the property, maximises rental income and minimises operating costs. It also makes a significant contribution to maintaining and increasing the value of the property in the long term. In a highly competitive market environment, this is of particular importance for investors and owners seeking to optimise their returns. The range of tasks involved in efficient commercial property management covers various areas:

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Effective project management: tips and tricks

Effective project management is a key factor in the success of a project. It optimises the use of resources, ensures that schedules are adhered to and controls costs. Without structured control, there is a risk of delays, budget overruns and dissatisfaction among project participants. Efficient project management focusses on project goals and milestones, enables early risk identification and management and promotes smooth project completion. Effective project management requires clear structures, transparent communication and suitable tools and methods. It is

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ITIL V3: Effective IT service management

ITIL V3, also known as IT Infrastructure Library Version 3, is a comprehensive framework for IT service management. It was introduced in 2007 and serves as a guide for the effective planning, provision and support of IT services in organisations. The framework is based on best practices and processes derived from years of experience and expertise. ITIL V3 focuses on delivering high-quality IT services that meet business needs while optimising costs.

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Mergers and acquisitions: Opportunity or risk?

Mergers and acquisitions are important corporate strategies for increasing growth and market positioning. In a merger, two companies combine to form a new company, while in a takeover, one company acquires another. These transactions can take the form of share purchases, asset acquisitions or contractual agreements. They take place across all industries and affect companies, employees, customers and suppliers. As part of long-term growth strategies, mergers and acquisitions are aimed at synergy effects, cost reductions, market expansion and strengthening competition. They enable the acquisition of new

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Real estate profit centre accounting and profitability in FM

The property profit centre calculation is a key tool in facility management for assessing the profitability of properties. It enables a transparent presentation of the costs and income of a property, which facilitates well-founded decisions. Various types of costs are taken into account in the calculation, including maintenance, operating, administration and financing costs. These are compared with income from rental income, utility bills and other sources. As a controlling tool, the property profit centre calculation is used to analyse and optimise the profitability of properties. In an environment of rising

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Efficient project controlling: Successful project management

Efficient project controlling is crucial to the success of a project. It enables the monitoring, control and coordination of all activities within a project. Through project controlling, costs, deadlines and resources can be effectively monitored and managed to ensure that the project is completed within the planned framework. In addition, efficient project controlling enables deviations and problems to be identified at an early stage, allowing project managers to take countermeasures in good time and

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Checklist: Frontloading in the planning and construction process

Frontloading is an important process in the planning and construction process that aims to optimise the planning and preparation of construction projects. The term "frontloading" refers to the idea that much of the planning and preparation work is carried out in the early stages of the project to ensure that all important decisions are made and all potential problems are identified before the actual construction project begins. This approach allows risks to be minimised, costs to be

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