Risk Management and Control Through Simulation - The Underused Management Tool

Article Abstract:

Capital investment projects require careful analysis to determine the probability of success. Managers can use analysis and planning to help control many of the factors that would prevent new projects from being successful. Careful attention needs to be given to identifying those variables that are significant for each project. Often, critical path network analysis is used. PROMAP V is a computer based system from Euro Log Limited that assists in project analysis. The system uses simulation to model the planning and implementation processs. A chart summarizes the PROMAP V system.

Business, Project management software, Control systems, product announcement, Financial Analysis Software, Software Packages, Applications, Simulation, Critical Path Method, PROMAP V

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Usage of Part-Timers Up

Article Abstract:

Flexible employment, the use of more part-time and temporary workers and fewer full-time regular employees, is becoming more popular in corporations. The recent economic recession has spurred companies to reduce payroll costs and increase worker flexibility. Although flexible employees can be advantageous, it is important for managers to analyze company needs and employment laws before hiring.

Work hours, Employee benefits, Employee selection, Part time employment, Personnel, Employee, Hiring, Part-Time Employment

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