Project management systems are right for treasury use

Article Abstract:

Project management techniques such as Critical Path Method (CPM) and Project Evaluation and Review Technique (PERT) assist corporate finance personnel in managing projects. CPM is used in project scheduling. PERT is used where time spans are less clear or unknown. PERT is used to show relationships between various tasks. Gantt charts may also be used for project management. Project management software systems fall into three cost categories: less than $350; $350 to $3,000; and over $3,000. These systems are user-friendly and require active user involvement. Some points to consider when purchasing project management software are: the number of tasks required; time segmentation of the program; cost tracking capabilities; comparability of reports; and system interfaces with other systems.

Methods, Management, Industrial project management, Project management, Software, Risk management, Cash management, Debt financing (Corporations), Debt financing, Capital movements, Program Evaluation and Review Technique

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Training moves in-house with computer-assisted instruction

Article Abstract:

Computer-assisted instruction (CAI) may be used to train financial personnel to understand general computer processes, as well as in-house specialized programs. Outside training is expensive, time-consuming, and creates information-overload in trainees. It is necessary before using CAI courses to match the needs of the staff with available courses. It is then possible to possible to select programs such as Lotus 1-2-3 and dBase III. Many courses concentrate on basics: data processing, data bases, and spread sheets. It is also possible to 'author' or create specific financial training programs within the CAI system. These custom-made programs may be made in-house, by a consultant, or by a group of companies with shared interests.

Training, Technology application, Computer-assisted instruction, Computer assisted instruction, Employee training

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Using consultants: from hired gun to friendly helper

Article Abstract:

Organizations can save money, avoid trouble, and limit business disruption by engaging a technology consultant to help implement new systems such as treasury workstations, debt or risk management systems, or accounts receivable systems. Success in locating, hiring, and utilizing a technology consultant depends mostly on selection technique, staff involvement, contract negotiations, and management presentation. Consultants should be independent of vendor affiliation, and this should be verified through reference checks. Key points to consider before hiring a consultant are presented.

Usage, Business consultants, Management consultants

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