Business Process Management 101
When a business is young, processes are usually unheard of. It’s just a few people doing the work to the best of their ability.As the business grows, more people are
7 Contract management best practices
Negotiating deals is just the first step of a long process. In fact, if contract management best practices aren’t followed, you can lose more than you gain.Contract management is important
Breakdown of Pareto Analysis and how to use it
There are a few actions that have an outsized positive or negative impact on the outcome. For example, in a business, spending a few hours to set up and optimize
What Is a Fault Tree Analysis and How to Use It
Risk exists in every industry and every profession. It’s understanding those risks and taking the right steps that help you thrive.That’s what a fault tree analysis can help you with.It’s
Fishbone Diagram Analysis – What It Is and How to Do It
As long as you’re in business, problems will occur. Instead of trying to avoid them, accept them and take rapid action to mitigate their impact.To solve a problem, you need
Failure Mode and Effects Analysis – Definition, Process, and Use Case
If you look at any successful business, you’ll find a tale of risk and the attempt to mitigate those risks. Failure Mode and Effects Analysis is a risk mitigation strategy
What is Throughput and Why You Should Track it
In any business, there’s a form of throughput. If you’re a software company, that could be features. If you’re a design firm, that could be completed designs.You could also break
Understanding Process Simulation: Key Concepts Explained
Every business relies on processes. These can be created intentionally or unintentionally but they exist.How do you get it right the first time and ensure the efficiency of the process?That’s
Bottleneck Analysis – What It Is and How to Use It
Processes, big or small, can run into bottlenecks that slow everything down and cost you money.A bottleneck analysis helps you identify the problems in your processes and solve them sooner
