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Project risks: strategies for minimisation

Die erfolgreiche Durchführung eines Projekts erfordert die Berücksichtigung verschiedener Faktoren, wobei Projektrisiken eine zentrale Rolle spielen. Projektrisiken sind definiert als potenzielle Ereignisse oder Umstände, die negative Auswirkungen auf den Projektverlauf haben können. Diese Risiken können vielfältige Ursachen haben, darunter unerwartete Änderungen der Projektanforderungen, technische Schwierigkeiten, Ressourcenmangel oder externe Einflüsse wie politische oder ökonomische Veränderungen. Für den Projekterfolg ist es essentiell, Risiken frühzeitig zu identifizieren, zu bewerten und zu minimieren. Dieser […]

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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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BIM2FM: Information exchange along the building life cycle

Building Information Modelling to Facility Management (BIM2FM) is an advanced process for integrating building data over the entire life cycle of a building. This method optimises the planning, construction, operation and maintenance of buildings. BIM2FM enables all relevant building information to be captured and managed in a digital model, resulting in more efficient and cost-effective building management. The BIM2FM approach includes the capture and management of all building-relevant data and information. This includes geometric

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The future of municipal operations: Digitalisation and AI in finance

Digitalisation has played an increasingly important role in the financial management of municipal companies in recent years. Processes can be optimised, costs reduced and transparency increased through the use of digital technologies. The automation of financial processes enables municipal companies to use their resources more efficiently while minimising the error rate. In addition, digitalisation opens up opportunities for innovative business models and services that benefit residents and local businesses. Another important aspect

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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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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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Corporate management styles: Successful strategies for managers

Management styles encompass various approaches and methods that managers use to lead their teams and organisations. There are various leadership styles that are based on the individual characteristics and preferences of managers. The most commonly used styles include authoritarian, democratic, transformational and situational leadership styles. Each of these styles has specific characteristics and influences both employees and the entire organisation in different ways. The selection of a suitable leadership style is determined by

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Risk assessment: Everything at risk?

Risk assessment is a systematic process for identifying, analysing and evaluating potential hazards and risks in various areas. It serves to anticipate possible negative effects and develop suitable measures to minimise risks. The application of risk assessment extends across numerous sectors, including industry, healthcare, environmental protection and finance. As part of risk assessment, quantitative and qualitative methods are used to determine the probability and extent of potential damage. This includes

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Business development and success

Corporate development is a strategic process for improving a company's performance and competitive position. It comprises the systematic analysis of internal and external factors, the formulation of objectives and strategies as well as their implementation and monitoring. Key elements are the optimisation of business processes, the development of employee skills and the adaptation of the organisational structure. A key aspect of corporate development is continuous market observation and trend analysis in order to recognise opportunities and risks at an early stage. Building on this

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The importance of corporate strategy

Corporate strategy is a central concept in strategic management and describes a company's long-term plan for achieving its goals and securing sustainable competitive advantages. It encompasses the definition of the company's fundamental direction, the allocation of resources and the coordination of activities across different business areas. An effective corporate strategy is based on a thorough analysis of internal strengths and weaknesses as well as external opportunities and risks. It takes into account factors such as market trends, the competitive landscape, technological

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Legacy software: upgrade or replace?

Legacy systems play a central role in the modern corporate landscape and form the foundation for numerous business processes. These systems, which have often been in use for decades, have established themselves as reliable and robust platforms. They house critical company data and processes that are essential for smooth business operations. Many organisations rely on legacy software to run their day-to-day operations and achieve strategic goals. Because of their importance in areas such as ERP,

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Efficient project organisation: tips and tricks

Efficient project organisation is a key success factor for projects. It optimises the use of resources, ensures that schedules are adhered to and safeguards the quality of work. A structured project organisation defines clear responsibilities and expectations for everyone involved. It also minimises risks and contributes to cost control. An effective project organisation enables the targeted pursuit of project goals and ensures that the results meet the requirements of the stakeholders. Precisely defined goals are essential for an efficient project organisation.

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The importance of the IT infrastructure library

The IT Infrastructure Library (ITIL) is an internationally recognised framework for IT service management. It was developed by the British government in the 1980s and has been continuously updated ever since. ITIL provides a systematic approach to the provision and management of IT services. The framework consists of five core areas: Service Strategy Service Design Service Transition Service Operation Continuous Service Improvement These areas cover the entire lifecycle of an IT service, from strategic planning to continuous optimisation. ITIL defines

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Effective corporate governance: an overview

The importance of effective corporate management is a key factor in the success of organisations. A well-managed organisation can achieve its goals efficiently, increase employee motivation and ensure long-term success. Effective leadership involves the ability to define clear goals, develop strategic plans and optimise the use of company resources. In addition, creating a positive working environment is essential to encourage employees to perform at their best. Effective leadership plays a key role in the sustainability of a company.

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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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What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant change in accounting for government agencies and government organisations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and presentation of leases in the financial statements of governmental entities. GASB 87 became effective on 15 December 2019 and has a significant impact on the accounting and financial reporting of government entities. The new standard replaces GASB 13 and introduces significant

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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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Security audit: How to protect your company's IT

Security audits are extremely important for corporate IT as they help to ensure the security and integrity of company data and systems. Regular security audits can identify potential security gaps and vulnerabilities before they can be exploited by malicious actors. In addition, security audits help organisations to ensure compliance with legal regulations and industry standards, which in turn strengthens the trust of customers and partners. At a time when cyberattacks and data breaches

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The software integration expert: tips and tricks

Successful software integration plays a decisive role in the further development of corporate IT. Companies of all sizes rely on various software applications to optimise their business processes and work more efficiently. The integration of these different applications is essential to ensure a smooth flow of information and seamless collaboration between the different departments of an organisation. Without effective software integration, data can remain siloed, which can lead to inconsistencies, delays and inefficient workflows. In addition

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