Technical articles Archives

It’s been nearly a year since generative AI (gen AI) captured the public’s imagination. Initiated by the public release of ChatGPT, OpenAI’s chatbot, organizations are now looking towards a new era of productivity and efficiency. To put this opportunity in numbers, Goldman Sachs projects that if implemented judiciously, generative AI could add up to 7% to global GDP by 2030. Similarly, McKinsey estimates that the technology could add between $2.6 - 4.4 trillion USD annually across key industries.

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2025-01-31

Technical articles

Engineering Industry Projects and the Break-even Point

Profitability is a recurring theme in all advanced management textbooks. The relationship between revenue and costs is crucial for business efficiency analysis. In professional services firms, particularly in the engineering sector. And this is especially important given that a significant portion of costs is variable. Therefore, it is worth discussing the concept of the Break-even Point in Engineering Industry Projects. This is particularly relevant in the context of projects undertaken by such organizations.

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2025-01-23

Best practices

Measuring the Value of Creativity in Advertising Agencies

Creativity is an almost sacred concept in the world of advertising. Few industries depend so heavily on the value of their employees' "heads." It is no coincidence that creative directors are among the highest-paid in advertising agency structures. Spectacular campaigns bring attention and build the agency's brand. However, one must not forget that advertising agencies are businesses that must generate profit. For management, the main challenge is that the uniqueness of projects does not always align with their profitability.

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2025-01-15

Best practices

What to measure as KPI in organization from engineering industry in 2025

Employee efficiency has always been a key focus for organizations. In most cases, it has been possible to transfer adopted metrics between organizations when an individual worked in a defined, repetitive position. However, when comparing different companies, determining what constitutes a key performance indicator (KPI) in their specific case becomes a challenge. On the one hand, universal indicators include profit, revenue, and costs. However, metrics stemming from organizational culture are not as easily quantifiable.

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2024-12-20

Others

How to minimize the risk of business losses and increase the profitability of customers?

Effective business management requires entrepreneurs to not only know market rules, but also the ability to anticipate and minimize risk. Implementing the right strategies and technologies that limit losses and increase profitability is key.

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2024-11-04

Others

Project Management―What A&E Firms Should be Focusing on Today

What are the current project management trends for A&E firms?

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2024-10-17

Others

Key benefits for your business Key from implementing Deltek

Project-based ERP systems, such as Deltek Maconomy, are specially designed to support companies providing professional services. A short guide, Project-Based ERP for Small, Emerging, and Global, shows the full value of a project-based ERP system.

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2024-09-12

Other

Does a CRM system support businesses in managing and reducing costs?

In today's rapidly evolving business world, Customer Relationship Management (CRM) has become a crucial element of every company's strategy. CRM systems not only improve communication with customers but also play a significant role in optimizing operational costs. How does a CRM system help businesses manage and reduce costs? Let's explore.

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2024-08-26

Best practices

Efficient project management through a well-matched IT system

Project management is a key element of success for any organization. Choosing the right IT system for project management can significantly impact the efficiency, quality, and timeliness of project completion. Efficient project management requires the integration of modern tools that support the planning, monitoring, and controlling of all project stages.

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2024-08-21

Others

How do CRM systems support your business relationship with customers?

In today's dynamic business world, building lasting and valuable customer relationships is key to success. In this context, CRM (Customer Relationship Management) systems have become invaluable tools that support companies in managing customer interactions, enhancing their satisfaction and loyalty. Implementing CRM not only allows for more efficient sales activities but also helps develop long-term relationships based on trust and understanding of customer needs.

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Generative AI: 5 Steps to Integrate it into Your Business

Engineering Industry Projects and the Break-even Point

Measuring the Value of Creativity in Advertising Agencies

What to measure as KPI in organization from engineering industry in 2025

How to minimize the risk of business losses and increase the profitability of customers?

Project Management―What A&E Firms Should be Focusing on Today

Key benefits for your business Key from implementing Deltek

Does a CRM system support businesses in managing and reducing costs?

Efficient project management through a well-matched IT system

How do CRM systems support your business relationship with customers?

Category: Technical articles

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