...the roles of software development and IT operations (also known as "ops"). It is designed to help organizations create and deliver software more quickly
...ncrements, rather than waiting until it is fully finished before releasing it. This allows organizations to get new features and updates to their custome
2 KB (225 words) - 00:24, 25 August 2023
...ns that helps organizations to align their goals and strategies with their operations and control systems. The framework suggests that there are four interrelate
...of control, organizations can create a framework for effective performance management and decision-making.
3 KB (359 words) - 22:38, 10 March 2024
== What is Network Management? ==
...nagement''' is the process of managing and maintaining a computer network. It includes a wide range of activities, such as configuring and installing net
1 KB (203 words) - 15:59, 8 March 2024
...Management (SIAM) Mean? [https://exalate.com/blog/service-integration-and-management/ Exalate]</ref>
*[[IT Strategy (Information Technology Strategy)]]
1 KB (136 words) - 17:58, 8 March 2024
...rce/scor-training/scor-v12-0-framework-introduction.pdf APICS Supply Chain Operations Reference Model SCOR Version 12.0 ]</ref>
954 bytes (130 words) - 11:19, 17 January 2023
...execution. It is a critical function in modern marketing organizations as it helps to optimize marketing performance, drive accountability, and measure
Key components of Marketing Operations Management include:
3 KB (336 words) - 16:47, 11 March 2024
..., event planning, and other related businesses. The purpose of hospitality management is to provide excellent customer service, create memorable experiences, and
The key components of hospitality management include managing the daily operations of the business, ensuring the safety and satisfaction of guests, managing e
3 KB (360 words) - 19:55, 8 March 2024
...nization's IT infrastructure and services. It is designed to streamline IT operations, improve service availability, and enhance incident response and resolution
...//davehawley.com/ITIL/v2pre3/pages/OperationsBridge.html#:~:text=MiscTerm-,Operations%20Bridge,is%20Copyright%202007%20David%20Hawley. Dave Hawley]</ref>
5 KB (716 words) - 12:44, 12 March 2024
...service-management/library/essential-guides/essential-guide-to-creating-an-it-service-catalog/ Jarod Greene]</ref>
...rpose / Objective<ref>What is the purpose and objective of Service Catalog Management? [https://www.alaska.edu/files/oit/PinkSCAN_catalog.pdf University of Alask
2 KB (232 words) - 11:41, 12 January 2023
...ptability, allowing tailoring to specific organizational needs, and making it applicable across diverse enterprises, from startups to global corporations
*[[IT Strategy (Information Technology Strategy)]]
1 KB (129 words) - 16:12, 8 March 2024
...te various business functions, including manufacturing, finance, inventory management, and sales and distribution, into a single system.
...siness processes, including accounting, production planning, and inventory management, which can help increase efficiency and reduce costs.
4 KB (478 words) - 00:48, 24 August 2023
...and streamline business processes within the telecommunications industry. It provides a common language and structure for defining and categorizing the
...omer relationship management, resource management, and billing and revenue management.
4 KB (490 words) - 13:54, 8 March 2024
...anagementideas.com/strategic-management/functional-strategy/21042 Business Management Ideas]</ref>
*[[IT Strategy (Information Technology Strategy)]]
1 KB (181 words) - 18:32, 8 March 2024
...day-to-day production of goods and services.<ref>Definition of Operations Management [https://en.wikipedia.org/wiki/Operations_management Wikipedia]</ref>
...s of Operations Management [http://www.investopedia.com/terms/o/operations-management.asp Investopedia]</ref> ==
8 KB (1,161 words) - 17:24, 6 February 2021
...t in from outside the company, often through a leveraged buyout (LBO) or a management buyout (MBO).
...also take the company private, delist it from the stock exchange, and take it in a new direction, that would not be accepted by public market shareholder
2 KB (327 words) - 17:37, 8 March 2024
What is product information management (PIM)?
Product information management (PIM) is a system that helps businesses manage their product data. By centr
2 KB (239 words) - 18:10, 8 March 2024
== What is Time Management? ==
...anizing the use of time in order to achieve specific goals and objectives. It involves setting priorities, allocating time to specific tasks, and adjusti
2 KB (228 words) - 16:12, 8 March 2024
...ating items such as taxes, interest, and other types of income or expense. It is calculated by subtracting operating expenses from gross profit.
...he efficiency and profitability of the company's core business operations. It is used to evaluate a company's financial performance and to compare the pe
2 KB (237 words) - 22:41, 10 March 2024
== What is Metadata Management? ==
...e creation, maintenance, and use of metadata to improve the understanding, management, and accessibility of data and information assets.
2 KB (240 words) - 16:59, 11 March 2024
...ses a broad range of activities, including the design, implementation, and management of systems, processes, and resources that contribute to an organization's a
...ciency, and create a competitive advantage in the marketplace. The role of operations development is to analyze and identify areas of improvement, implement best
4 KB (534 words) - 12:44, 12 March 2024
...heir ability to facilitate electronic commerce and streamline supply chain operations. By standardizing communication protocols and data formats, PIPs help to en
...and invoicing, product tracking and inventory management, and supply chain management. By using standardized communication protocols, PIPs can help to reduce err
2 KB (270 words) - 15:48, 8 March 2024
...n activities.<ref>What is Application Outsourcing? [http://www.gartner.com/it-glossary/application-outsourcing Gartner]</ref>
...e "application management outsourcing" service, which involves the ongoing management of applications. In application outsourcing services, businesses rely on th
2 KB (322 words) - 16:55, 21 November 2022
...al health and its ability to generate cash beyond what is required for its operations, maintenance, and growth.
#Operating Cash Flow: The cash generated from a company's normal business operations, which can be found in the cash flow statement.
3 KB (392 words) - 17:51, 8 March 2024
...derstanding of a system's work, optimizing its performance, or simplifying management and maintenance.
...ividual components or parts of a system and determining how they interact. It may also involve using tools and techniques to analyze and optimize the per
3 KB (352 words) - 22:09, 7 March 2024
== What is Software Configuration Management (SCM)? ==
...on. It is an important aspect of software development and maintenance, and it involves a range of processes and tools that are used to manage the various
2 KB (228 words) - 18:11, 8 March 2024
...-term tangible assets that a company or organization owns and uses for its operations. These assets have a useful life of more than one year and are not intended
...uch as factories, warehouses, offices, and retail stores that are used for operations, storage, or administration.
3 KB (397 words) - 17:36, 8 March 2024
...secondary infrastructure in the cloud that can be used to quickly restore operations in the event of an outage or disaster.
...he event of a disaster. In addition, DRaaS may also include monitoring and management tools to ensure that the secondary infrastructure is always up to date and
3 KB (466 words) - 22:09, 7 March 2024
...y passes, brochures, etc. Furthermore, it passes the information on to the Operations function of the respective parks.
...parks (which are all separate corporations). Finance also reports to the [[Management]] function.
3 KB (406 words) - 15:42, 6 February 2021
*[[IT Strategy (Information Technology Strategy)]]
*[[IT Governance]]
2 KB (246 words) - 15:28, 12 March 2024
...o continuously monitor the network, and it is an important part of network management.
...sues such as network outages, slow performance, and security breaches, and it can alert administrators to these issues so that they can be resolved quick
1 KB (207 words) - 00:48, 7 January 2023
== What is Staff Management? ==
...cruiting, hiring, training, and managing the employees of an organization. It involves a range of activities, including developing and implementing polic
2 KB (284 words) - 18:15, 8 March 2024
...ay have considered outsourcing your infrastructure, but you're unsure what it would mean for your business.
...y. Through Managed Services Providers (MSPs), businesses can analyze their operations and make recommendations providing increased efficiency. By understanding t
1 KB (158 words) - 18:46, 19 December 2022
...ply chain management to analyze the [[purchasing]] portfolio of a company. It was developed by Peter Kraljic in 1983 and is based on the idea that a comp
#Strategic items: These are items that are critical to the company's operations and for which there are few alternative suppliers. These items should be ma
4 KB (500 words) - 15:39, 20 July 2023
...imize human errors, and improve overall efficiency and effectiveness of IT operations.
...tasks, minimize errors, and enhance the productivity and consistency of IT operations.
3 KB (462 words) - 18:11, 8 March 2024
The '''top-down approach''' is a management style in which decisions are made by upper-level executives and then commun
...r where there is a need to maintain strict control over the organization's operations.
2 KB (286 words) - 16:07, 8 March 2024
...using a communication protocol. It consists of a header and a payload, and it is used to transmit information between devices in a structured and standar
...control information. The payload is the actual data being transmitted, and it can contain a wide range of information, depending on the application and t
2 KB (287 words) - 15:22, 12 March 2024
== What is Storage Management ==
...he process of managing and organizing data storage within an organization. It involves coordinating the allocation, protection, and retrieval of data sto
2 KB (289 words) - 17:57, 8 March 2024
...or managing customer interactions, billing and revenue management, product management, and customer support.
...volved in managing telecommunications services and customer relationships. It enables service providers to efficiently handle customer orders, track usag
5 KB (612 words) - 11:45, 26 August 2023
...ople are the key ingredient for organizational success, and that effective management requires a focus on building strong relationships, empowering employees, an
...t a focus on people is essential for organizational success, and that good management requires a holistic approach that takes into account the needs and aspirati
2 KB (217 words) - 15:12, 12 March 2024
...ations. Hoshin Kanri is a Japanese term that can be translated as "compass management", and is based on the concept of using a compass to navigate towards a desi
...its ability to align an organization's strategies and goals with its daily operations, and to create a culture of continuous improvement and learning. By using a
3 KB (454 words) - 19:55, 8 March 2024
...a majority of the shares of a public company and then replace the existing management team with a new team. This new team is brought in with the goal of turning
...control of the company, they can better manage it and increase its value. It can be done through a merger or acquisition, where the investor acquires a
2 KB (287 words) - 17:37, 8 March 2024
...her disciplines to illustrate the functional decomposition and sequence of operations within a complex system, process, or project. FFBDs provide a clear visual
...nal Blocks: These are rectangular boxes representing specific functions or operations within the system. Each block is labeled with a brief description of the re
3 KB (425 words) - 17:54, 8 March 2024
...is delivered to the customer. NVA is a concept that is often used in lean management and process improvement methodologies to identify and eliminate waste in bu
...aste in their processes. Today, NVA is a widely recognized concept in lean management and process improvement methodologies.
2 KB (241 words) - 18:07, 11 March 2024
...havior, and public policy. For example, employees may resist a new project management system because they are comfortable with the existing one, or policymakers
...native options and taking risks that may lead to better outcomes. However, it can also have positive effects, such as stability and predictability.
2 KB (341 words) - 16:45, 25 April 2023
...7)? [https://blog.orionhealth.com/what-is-hl7-and-why-does-healthcare-need-it/ Orion Health]</ref>
*[[IT Strategy (Information Technology Strategy)]]
1 KB (163 words) - 10:42, 13 March 2024
...ve of OR is to help organizations make better decisions and optimize their operations by analyzing various factors and constraints.
...ring, logistics, finance, healthcare, military, and public services, where it can be applied to address diverse challenges like cost minimization, profit
4 KB (564 words) - 22:40, 10 March 2024
...blic sector. It involves applying entrepreneurial principles to government operations, in order to identify and pursue new opportunities for growth and developme
...data analytics and other advanced technologies to inform decision-making. It can also involve the creation of new programs or initiatives to address eme
2 KB (299 words) - 15:33, 8 March 2024
...data types. IDL provides a standardized way to describe the data types and operations that are used in a distributed system, allowing software components written
...ed system. By providing a standardized way to define interfaces, IDL makes it possible for software components written in different languages and running
3 KB (344 words) - 22:08, 10 March 2024
'''Mobile Software Management (MSM)''' is the process of managing, monitoring, and maintaining the [[Appl
== Components of Mobile Software Management ==
4 KB (462 words) - 17:16, 11 March 2024
...oader economy. Non-systemic risk can arise from factors such as changes in management, competitive pressures, regulatory changes, or technological advances, and
...non-systemic risk is a widely recognized concept in finance and investment management.
2 KB (253 words) - 18:06, 11 March 2024
...G can help to reduce errors and improve the efficiency of local government operations.
...horities across the UK, and has become a key component of local government operations.
3 KB (362 words) - 22:40, 10 March 2024
...organization's business processes, information flows, and infrastructure. It is used to understand the organization's current state and to design and pl
...to represent different aspects of the organization, such as its structure, operations, information systems, and stakeholders.
1 KB (163 words) - 15:03, 28 December 2022
...d analysts, as it represents the funds that a company has committed to its operations and can provide insight into the company's financial stability and growth p
...esents the total amount of capital that has been invested in the company's operations, such as capital expenditures, research and development, and acquisitions.
3 KB (436 words) - 22:17, 10 March 2024
...panies. The purpose of a buyout is often to expand the acquiring company's operations, diversify its product or service offerings, or eliminate competition in a
...s a way for the management team to gain control of the company and operate it independently from its previous owners.
2 KB (285 words) - 18:19, 7 March 2024
...tems, e-commerce platforms, reservation systems, and customer relationship management (CRM) applications.
...causing significant delays or conflicts. This requires efficient resource management, locking mechanisms, and isolation levels to maintain data consistency and
3 KB (439 words) - 18:14, 11 March 2024
...y much top-down; they are purchased and imposed on organizations by senior management. Companies can’t adopt EIT without introducing new interdependencies, pro
...ce companies identify a complementary business process, they can implement it widely and reliably along with the EIT.
3 KB (384 words) - 10:34, 3 September 2023
...s of public sector organizations through the application of private sector management techniques and practices. NPM emerged in the 1980s as a response to critici
...ditions. Today, NPM has become a widely accepted approach to public sector management, with many governments and organizations around the world adopting its prin
2 KB (346 words) - 18:03, 11 March 2024
...success. The PIR is an essential part of the project management cycle, as it allows stakeholders to measure the project's success against its original g
...keholders to identify areas of improvement and make changes to the project management process to ensure future success.
2 KB (342 words) - 15:18, 12 March 2024
...sion-making to day-to-day operations like sales, marketing, human resource management, and finance.
...th the rise of industrialization and the need for systematic approaches to management. The first business schools offering advanced degrees in this field were es
3 KB (392 words) - 01:10, 31 August 2023
...materials as they flow through the supply chain. SCV is important because it helps companies to manage their supply chain more effectively, by providing
...d monitoring of goods and materials as they move through the supply chain. It may also involve the use of sensors and other tracking devices to collect d
1 KB (203 words) - 16:08, 8 March 2024
...e, data integrity is maintained, and that business governance is sound. An IT Auditor acts as an unbiased observer who will make sure all necessary contr
...ent can be internal or external and may cover all aspects of the company's IT infrastructure, including hardware, software, networks, and security.
3 KB (438 words) - 23:02, 9 February 2023
Portfolio insurance is a risk management technique used by investors to limit their potential losses in the stock ma
...s and drawbacks. One of the main criticisms of portfolio insurance is that it can be expensive, particularly during times of market volatility when the c
2 KB (293 words) - 15:20, 12 March 2024
...olves significant integration and coordination across the company's global operations, including the development of global systems and processes, the sharing of
...rate and apply new ideas and technologies across the organization's global operations.
5 KB (619 words) - 10:01, 8 March 2024
...erformance will grow and perform. However, if present performance is poor, it does not mean that the situation cannot be different in the future. Similar
The PRIMO-F Model stands for People, Resources, Innovation, Marketing, Operations, and Finance. These six areas are considered key to an organization's succe
2 KB (276 words) - 20:38, 24 April 2023
...ble for designing, building, and financing the project, and then operating it for a specified period of time. Another common form is build-operate-transf
*[[IT Strategy (Information Technology Strategy)]]
3 KB (335 words) - 15:23, 12 March 2024
Supplier scorecards are often used in conjunction with other supplier management practices, such as supplier performance evaluations and supplier developmen
*[[IT Strategy (Information Technology Strategy)]]
1 KB (191 words) - 16:10, 8 March 2024
...[[Business Operations|company's business operations]] and decision-making. It involves taking a holistic approach to managing a company's economic, socia
...s and employee engagement, and engage in responsible governance practices. It can also involve taking into account the needs and concerns of various stak
1 KB (190 words) - 14:40, 4 January 2023
...Wiki is a dictionary and glossary of IT Management (information technology management) terms and concepts designed for senior practitioners. CIO Wiki is sponsore
...use often these wiki's are corporate click bait written by SEO experts not IT practitioners. CIO Wiki set out to remedy these issues.
2 KB (275 words) - 12:00, 20 February 2024
...tems centralize business data and processes, allowing for more streamlined operations, better decision-making, and enhanced productivity.
Enterprise applications play a significant role in the history of IT and business processes, with roots in large mainframe systems of the 1960s.
3 KB (355 words) - 14:12, 8 March 2024
== What is Supplier Relationship Management? ==
'''Supplier relationship management (SRM)''' is the process of managing the interactions and relationships betw
1 KB (171 words) - 17:42, 26 August 2023
...technology, such as enterprise resource planning systems and supply chain management software, to optimize and coordinate the flow of goods and information thro
...n can be a key differentiator for a company, as it can help to ensure that it is able to meet the needs of its customers in a timely and cost-effective m
1 KB (205 words) - 16:07, 8 March 2024
...part of information management and can help organizations streamline their operations and improve overall productivity.
...documents, or emails that do not contribute to the organization's goals or operations.
3 KB (362 words) - 15:20, 12 March 2024
...action. This phenomenon can occur in various contexts, including business, management, and personal decision making.
..., including military strategy, sports psychology, and business management. It has been studied extensively in psychology and decision making research, an
2 KB (277 words) - 15:48, 8 March 2024
...of an asset, such as a stock or bond, by looking at financial statements, management quality, industry trends, and overall economic conditions.
...trends, and management efficiency. It also includes studying the company's management, board of directors, and business model, to assess the company's long-term
2 KB (256 words) - 18:32, 8 March 2024
...from disparate sources, transforming it into a common format, and loading it into a data warehouse or data lake for analysis.
...multiple sources. These tools can include data integration software, data management platforms, and big data analytics tools.
6 KB (820 words) - 23:34, 21 August 2023
...aspects of the organization, such as human resources, finance, marketing, operations, and information technology, to ensure that they work together efficiently
...he role of Integrated Management is to create a cohesive and comprehensive management system that focuses on achieving the organization's strategic objectives wh
4 KB (496 words) - 22:00, 10 March 2024
...strategies and decisions made by top executives while overseeing the daily operations of their departments or teams. They play a crucial role in the overall succ
Middle management plays a vital role in an organization for several reasons:
3 KB (433 words) - 17:08, 11 March 2024
...r enabling successful [[Business Transformation|business transformation]]. It is a comprehensive, industry-agreed, multi-layered view of the key business
...ere have been many versions of eTOM. Version 14 was published in May 2014. It also has been developed into a component of NGOSS, which has been renamed F
2 KB (295 words) - 20:57, 5 January 2023
...of transforming resources into valuable services is at the core of Service Management. Without these capabilities, a service organization is merely a bundle of r
...lities are shaped by the challenges they are expected to overcome. Service Management capabilities are similarly influenced by the following challenges that dist
4 KB (536 words) - 17:02, 29 November 2022
...nding it to incorporate financial planning, strategic objectives, and risk management.
#Product and portfolio management: This involves managing the organization's product portfolio, ensuring that
4 KB (556 words) - 21:58, 10 March 2024
...rimary goal of RosettaNet is to facilitate the integration of supply chain operations by standardizing business processes and data formats.
...quired for organizations to communicate effectively using RosettaNet PIPs. It provides guidelines for message formatting, transport protocols, and securi
4 KB (451 words) - 18:50, 8 March 2024
...ble clients to obtain pointers to the interfaces provided by a COM object. It plays a crucial role in maintaining type safety and ensuring that the clien
...ce is essential for achieving runtime polymorphism and type safety in COM. It ensures that the client can access the desired interface from a COM object,
3 KB (453 words) - 15:24, 12 March 2024
...erface. DDM is designed to improve the scalability and performance of data management systems, enabling them to handle large volumes of data and user requests.
...the network. DDM can also improve the performance and scalability of data management systems, as data processing and storage can be distributed across multiple
3 KB (446 words) - 13:42, 8 March 2024
...chart that illustrates a project schedule. It is commonly used in project management to show the progress of tasks over time. The chart is divided into horizont
...ration and dependencies, and how the work is progressing over time, making it a powerful tool for project planning, scheduling, and tracking.
1 KB (220 words) - 18:33, 8 March 2024
...ng the flow of goods from the point of origin to the point of consumption. It includes all the activities and systems required to move a product from the
Effective physical distribution is critical to the success of a company, as it can impact the cost, speed, and reliability of the product's delivery to cu
2 KB (257 words) - 15:15, 12 March 2024
...ations (MRO) Mean? [https://limblecmms.com/blog/mro-maintenance-repair-and-operations/ LimbleCMMS]</ref>
...f MRO<ref>Types of MRO [https://sphera.com/glossary/what-is-mro-and-why-is-it-important/ Sphera]</ref> ==
4 KB (612 words) - 09:53, 11 March 2024
...peration, where miners are actively engaged in the extraction process, and it is often considered the most challenging and demanding part of the mine.
...irect interaction with customers or clients in any industry or profession. It is used metaphorically to describe the place where the essential work is do
2 KB (387 words) - 15:09, 28 August 2023
...ok "Out of the Crisis" and have become the foundation of the Total Quality Management (TQM) approach. The principles emphasize continuous improvement, a focus on
Here are Deming's Fourteen Points of Management:
4 KB (483 words) - 17:51, 8 March 2024
...IT administrators, support staff, and engineers to help them perform daily operations, resolve issues, and maintain the efficiency and stability of systems and a
...runbook is to provide a standardized and organized set of instructions for IT personnel to follow, ensuring that they can manage, maintain, and troublesh
3 KB (460 words) - 18:52, 8 March 2024
== What is ITIL Facilities Management? ==
...operational aspects of managing the physical infrastructure that supports IT services.
7 KB (951 words) - 16:09, 26 March 2024
...o provides tools for project management, communication, and collaboration. It can be used on its own, or as part of the Microsoft 365 suite of applicatio
SharePoint is designed to be flexible and customizable, so it can be used in a variety of different ways. Some common use cases for Share
2 KB (218 words) - 18:06, 8 March 2024
...//www.plm.automation.siemens.com/global/en/our-story/glossary/product-data-management/13214 Siemens]</ref>
...etire products at the end of their life (EoL).<ref>History of Product Data Management (PDM) [https://en.wikipedia.org/wiki/Product_data_management Wikipedia]</re
5 KB (635 words) - 22:28, 6 December 2022
...onal behavior, and has implications for research methodology and workplace management:
#Workplace management: The Hawthorne Effect suggests that employees may be motivated to perform b
3 KB (351 words) - 18:07, 8 March 2024
...ttings, including project management, supply chain management, and quality management.
*[[Personnel Management]]
3 KB (381 words) - 22:39, 10 March 2024
An '''Active Database Management System (ADBMS)''' is a database management system that is capable of reacting to events or changes in the database env
...t detection, rule-based processing, and real-time data access, that enable it to operate in dynamic and complex environments.
2 KB (311 words) - 17:32, 14 April 2023
...line is a good indicator of the overall health of the service provider, as it shows the services that are under development for [[Customer|customers]] or
...has been made to charter a project to develop these services. The Service Management Organization (SMO) ensures that adequate processes are in place to gather f
2 KB (320 words) - 18:59, 20 January 2023
...locate resources, control expenses, and evaluate the efficiency of various operations.
#Support departments: These departments, such as human resources, IT, finance, and administration, provide essential support services to revenue
3 KB (357 words) - 15:38, 8 March 2024
...has sufficient cash on hand to meet its financial obligations and fund its operations.
...anagement is essential for the financial health and success of a business. It enables a company to pay its bills, invest in growth opportunities, and mai
3 KB (412 words) - 21:56, 10 April 2023
...esources or data, and the security policies and procedures that govern the management of access privileges. In addition, DAC may also include authentication and
...ntrol include its flexibility and adaptability, its ability to support the management of access privileges for sensitive information and resources, and its compa
3 KB (405 words) - 13:41, 8 March 2024
...s is the operating system used on Apple's line of iPhone and iPad devices. It is known for its user-friendly interface and integration with other Apple p
...g system developed by Microsoft, and is used on a small number of devices. It is known for its integration with other Microsoft products and services.
2 KB (224 words) - 15:58, 8 March 2024
Enterprise workflow is the management of business processes in an organization through the use of technology. The
...esses, purchase requisitions, and employee onboarding procedures. Workflow management software allows organizations to define and automate these processes, while
2 KB (286 words) - 15:33, 8 March 2024
The primary purpose of a skeleton staff is to maintain critical operations and services during periods when a full workforce is not required or not po
...uce their workforce to a skeleton staff, focusing on maintaining essential operations while reducing payroll expenses.
3 KB (483 words) - 18:11, 17 April 2023
...the realms of business and information technology, encompasses a range of operations performed on data, including input, modification, storage, retrieval, and o
...data, often using software applications specifically designed for business operations.
6 KB (755 words) - 15:00, 24 April 2024
...stomers in the most cost-effective, timely, and resource-efficient manner. It involves maximizing outputs, minimizing inputs, and optimizing the use of r
...rce scheduling, reducing idle time, or implementing just-in-time inventory management strategies.
4 KB (448 words) - 18:16, 13 April 2023
...s technology is primarily used for identification, tracking, and inventory management.
...as well as collecting data about them. It is commonly used in supply chain management, asset tracking, access control, and other applications.
4 KB (516 words) - 15:51, 8 March 2024
...velopment that stems from the work of Reg Revans, a British physicist, and management theorist. Revans is best known for his development of Action Learning, a pr
*[[IT Strategy (Information Technology Strategy)]]
2 KB (273 words) - 18:48, 8 March 2024
...storical data to gain insights into the performance of day-to-day business operations. The goal is to make informed decisions that enhance operational performanc
...s is to provide actionable insights that help organizations optimize their operations. Its purposes include:
5 KB (674 words) - 20:27, 8 May 2024
...eloped by the TeleManagement Forum (TM Forum) to enable the development of Operations Support Systems (OSS) for the telecommunications industry. OSS are essentia
#Performance Management: APIs to collect and analyze performance data from network elements and ser
4 KB (483 words) - 18:09, 11 March 2024
...ckly resume its essential operations. The aim is to minimize the impact on operations, protect assets, and ensure the safety and well-being of employees and cust
*Risk Management: Identifying and assessing risks that could lead to business disruptions an
7 KB (977 words) - 11:09, 23 March 2024
== What is a Network Operations Center (NOC)? ==
A '''Network Operations Center (NOC)''' is a centralized location where IT technicians and engineers monitor, manage, and maintain an organization's t
7 KB (924 words) - 11:31, 26 March 2024
== What is an Incident in Business or IT? ==
In the context of business and IT, an '''incident''' refers to any event that is not part of the standard ope
6 KB (776 words) - 14:39, 24 April 2024
...ng its people, processes, and infrastructure. The primary goal of facility management is to ensure that the physical environment of a building supports the needs
Facility management encompasses a wide range of responsibilities and activities, which can be b
3 KB (453 words) - 15:40, 8 March 2024
Fixed Asset Management refers to the process of tracking, maintaining, and managing the tangible,
The primary objectives of fixed asset management include:
3 KB (428 words) - 14:07, 8 March 2024
...esign and how its components are interconnected. It also allows for easier management and maintenance of the system, as well as future improvements or scalabilit
*[[IT Strategy (Information Technology Strategy)]]
2 KB (273 words) - 17:54, 8 March 2024
...Statement|financial statements]] are not the same as those used to control operations. Costs may be controllable or non-controllable and are subject to time peri
[[Activity-Based Management (ABM)]]<br />
1 KB (151 words) - 19:52, 7 February 2021
...d effectiveness of the government's procurement and commercial activities. It was established in 2000 and was merged with the Efficiency and Reform Group
...nagement methodology, the development of the ITIL framework for IT service management, and the development of the Gateway Review process for assessing major gove
2 KB (308 words) - 18:26, 8 March 2024
The Peter Principle is a concept in management theory that suggests that people in a hierarchical organization are eventua
*[[IT Strategy (Information Technology Strategy)]]
2 KB (247 words) - 18:02, 8 March 2024
...s. The DMTF was founded in 1992 and has over 160 member companies from the IT industry, including hardware vendors, software vendors, and service provide
One advantage of the DMTF is that it provides a standardized framework for managing and securing distributed com
3 KB (384 words) - 13:43, 8 March 2024
...lp to reduce costs, improve efficiency, and ensure the smooth operation of IT systems.
...iness activities and rely on expert support to maintain and optimize their IT systems.
4 KB (586 words) - 15:27, 12 March 2024
...tion to quickly adapt and respond to changes in its portfolio of projects. It involves creating a flexible and dynamic portfolio that can quickly adjust
#Portfolio management processes: This includes the identification, selection, prioritization, and
3 KB (453 words) - 15:18, 12 March 2024
...s refer to a wide range of activities and products that are related to the management of financial resources and risks. These services are provided by financial
...to property, liability, or loss of income. Investment services involve the management of financial assets, such as stocks, bonds, and mutual funds, on behalf of
3 KB (365 words) - 16:14, 14 March 2024
...for estimating the value of growth opportunities in finance and investment management.
*[[IT Strategy (Information Technology Strategy)]]
2 KB (267 words) - 17:34, 11 March 2024
...designed to enable interoperability between different relational database management systems (RDBMS) and provide a consistent interface for accessing and managi
...of flexibility and scalability, enabling organizations to scale their data management systems as their needs grow.
3 KB (404 words) - 13:43, 8 March 2024
...ed framework for developing and deploying distributed applications, making it easier for developers to create and maintain applications that work across
However, one disadvantage of DCE is that it can be complex and difficult to implement, requiring specialized expertise
3 KB (352 words) - 13:42, 8 March 2024
...lly involves making changes to the company's structure, operations, and/or management, and can involve things like downsizing, divestitures, mergers, and acquisi
...ied by changes to the company's business model, strategy, and culture, and it can involve significant changes to the way the company operates.
1 KB (144 words) - 12:25, 28 December 2022
'''Marketing Resource Management (MRM)''' is a set of processes and tools that enable organizations to effec
Key components of Marketing Resource Management include:
4 KB (454 words) - 16:48, 11 March 2024
...managing information efficiently and are central to almost every sector's operations.
...ITS is to facilitate the flow of information and enable efficient business operations through technology. The purposes include:
5 KB (668 words) - 11:32, 9 May 2024
...y.<ref>[https://www.linkedin.com/pulse/rethinking-run-grow-transform-model-management-digital-raghuram-s Definition - What Does Run-Grow-Transform (RGT) Model Me
...and tend to be nondiscretionary or fixed expenses. Some of these essential IT activities include:
4 KB (548 words) - 22:06, 15 January 2023
..., resources, or components harmoniously and efficiently. In the context of IT and business, orchestration typically involves integrating and automating m
Orchestration is important because it helps organizations simplify complex tasks, reduce manual intervention, and
4 KB (540 words) - 12:45, 12 March 2024
...n varies across fields — economics, biology and ecology, computer science, management, and human resources. In economics, resource is defined as a service or oth
*[[Resource Management]]
2 KB (223 words) - 22:55, 10 March 2024
...measures, often requiring significant changes to a company's structure and operations.
The main purposes and roles of turnaround management are:
4 KB (487 words) - 14:11, 6 April 2023
...ove technology scalability, and allow for a more predictable budgeting for IT expenses.
The primary role of an MSP is to ensure that an organization's IT systems are running efficiently and effectively without the need for the or
5 KB (732 words) - 19:42, 8 May 2024
...f>[https://www.investopedia.com/terms/i/inventory-management.asp Inventory Management Defined, Plus Methods and Techniques]</ref>
...f components that a company uses for the production of the goods it sells. It also oversees the amount of finished goods ready for sale.
4 KB (532 words) - 13:35, 25 July 2023
...conventional wisdom. EBM aims to improve the quality and effectiveness of management decisions by incorporating the best available evidence from various sources
...to enhance organizational performance and employee well-being by grounding management practices in solid evidence.
4 KB (514 words) - 15:36, 8 March 2024
...nagement style that focuses on the exchange between leaders and followers. It is based on a system of rewards and penalties for performance. This leaders
The primary role of transactional leadership is to maintain regular operations and achieve goals efficiently by managing the team's performance through a
5 KB (599 words) - 19:44, 9 May 2024
...ment Tool. It's a framework to help organizations assess and improve their IT governance practices.
...arios by using a method for assessing IT governance maturity. <ref>What is IT organization modeling and assessment (ITOMA)? [http://citeseerx.ist.psu.edu
5 KB (730 words) - 16:34, 21 March 2024
...gram (FHD) is a visual representation used in systems engineering, project management, and other disciplines to depict the hierarchical organization of functions
...or circles. Each node is labeled with a brief description of the function it represents.
4 KB (492 words) - 18:31, 8 March 2024
...practices, or guidelines to ensure consistency, efficiency, and quality in operations and decision-making. <ref>Definition - What Does Standardized Approach Mean
...treamline operations, reduce variability, and enhance overall performance. It aims to eliminate ad-hoc or inconsistent practices and promote best practic
5 KB (605 words) - 14:14, 25 July 2023
== What is IT Operations Management (ITOM)? ==
...//www.e-spincorp.com/it-operations-management-itom/What Does IT Operations Management (ITOM) Mean?]</ref>
15 KB (2,179 words) - 23:58, 18 January 2023
== What is Business Management? ==
...covers everything from financial management, human resources, supply chain management, marketing, to product development, ensuring all departments work towards t
8 KB (1,087 words) - 19:47, 29 March 2024
...the implementation of a project or initiative. The goal of implementation management is to ensure that the project is executed effectively and efficiently, with
...management, stakeholder engagement, and communication. The implementation management process involves coordinating and managing activities across multiple teams
3 KB (375 words) - 18:44, 10 March 2024
...rganized into tables, rows, and columns. <ref>Defining Relational Database Management System (RDBMS) [https://www.codecademy.com/articles/what-is-rdbms-sql Code
...ty, enable efficient data management, and support complex data operations. It offers a set of functionalities and features that allow users to define, cr
4 KB (630 words) - 17:16, 31 May 2023
...k. When the processor receives an IRQ, it temporarily suspends its current operations, saves the current state, and then executes the appropriate interrupt handl
...current operations and handle urgent tasks, IRQs enable efficient resource management and multitasking capabilities in a computer system.
4 KB (485 words) - 22:16, 10 March 2024
...ion's internal data sources, such as databases, file systems, and document management systems. The goal of enterprise search is to provide employees with quick a
One of the main benefits of enterprise search is that it can help organizations to save time and increase productivity by allowing e
2 KB (290 words) - 15:33, 8 March 2024
...maintained in a configuration management database (CMDB) or configuration management system (CMS).
...ture. It enables effective change management, incident management, problem management, and other ITSM processes by providing accurate and reliable information ab
4 KB (493 words) - 18:13, 8 March 2024
...Planning''' is a critical process in supply chain management and business operations, which involves forecasting and estimating the future demand for a company'
...rocesses, such as production planning, inventory management, and sales and operations planning (S&OP). This integration helps ensure that the entire supply chain
4 KB (606 words) - 15:54, 7 September 2023
== What is Incident Management? ==
...ssential for maintaining the reliability, availability, and performance of IT services.
6 KB (849 words) - 10:39, 7 April 2024
...es station, a POS system automates the sales process, streamlines business operations, and improves the overall customer experience.
...system is vital for retail businesses, as it enables them to manage their operations effectively and maintain a high level of customer satisfaction.
6 KB (851 words) - 18:33, 7 April 2023
*Ensuring Continuity: Guaranteeing that essential services and operations can continue during a disruption or crisis.
...k Management: Identifying and mitigating risks impacting critical business operations.
5 KB (707 words) - 16:12, 8 May 2024
Document Management (DM) refers to the processes and systems used to manage documents throughou
One advantage of DM is that it helps organizations to manage documents more efficiently and effectively, r
3 KB (432 words) - 13:44, 8 March 2024
...gement technique used to visualize activities and their interdependencies. It is also known as the Activity on Node (AON) method, as activities are repre
The PDM is used in the planning and scheduling phase of project management. It allows project managers to create a visual representation of the project, w
3 KB (377 words) - 15:21, 12 March 2024
...es Work Management Mean? [https://www.projectmanager.com/blog/what-is-work-management#:~:text=Work%20management%20is%20the%20intersection,organization%20of%20the
...ork activities and resources towards achieving specific goals or outcomes. It involves managing, organizing, and tracking the different tasks and resourc
2 KB (319 words) - 13:30, 25 July 2023
...lex operations or projects, particularly in military or business contexts. It involves the identification and understanding of the problem, the environme
...oach to understanding complex problems and developing effective solutions. It helps organizations align their resources and actions to achieve their stra
4 KB (575 words) - 12:43, 12 March 2024
...validate other data. RDM is a crucial component of an organization's data management strategy and is essential for maintaining data quality, consistency, and in
...ta quality and consistency across an organization's systems and processes. It involves the following activities:
5 KB (572 words) - 15:27, 12 March 2024
...rnal audits encompass a broader scope, examining issues related to company operations, internal control systems, compliance with laws and regulations, and ethica
...ssment: Identifying and evaluating risks to the organization's governance, operations, and information systems regarding achieving the organization's objectives.
7 KB (962 words) - 15:39, 7 March 2024
...nancial aspects like mergers and acquisitions, capital structure, and risk management.
...is the mix of various forms of capital that a company uses to finance its operations and projects. This usually includes a mixture of debt and equity. The optim
3 KB (453 words) - 17:45, 4 September 2023
...idual organizations but can have a significant impact on their strategies, operations, and overall performance. Analyzing the Macro Environment helps businesses
...better decisions in areas such as marketing, product development, and risk management.
4 KB (516 words) - 09:53, 11 March 2024
...t key business functions after a halt. It's an essential component of risk management and disaster recovery, ensuring that a company can continue to operate or q
...he resources (human, technological, financial) required to resume critical operations.
8 KB (1,038 words) - 20:56, 27 March 2024
...sses, and resources required to achieve an organization's strategic goals. It is typically developed for a specific period, such as a financial year, and
...ionable tasks and allocate resources accordingly. It helps guide the daily operations and decision-making within an organization, ensuring that everyone is worki
4 KB (623 words) - 12:43, 12 March 2024
...track their financial performance and make informed decisions about their operations and strategy.
...alyze their financial performance and make informed decisions about future operations and investments. By comparing P&L Statements from different periods, busine
5 KB (737 words) - 18:41, 24 April 2023
== What is Globalization Management System (GMS)? ==
...process of adapting products, services, and processes for global markets. It typically includes processes, tools, and resources for conducting market re
1 KB (155 words) - 18:56, 28 December 2022
...Data_center_asset_management What is IT Operations (Information Technology Operations)?]</ref>
.../it-glossary/it-operations/ Defining IT Operations (Information Technology Operations)]</ref>
14 KB (2,029 words) - 13:12, 31 August 2023
...ement#:~:text=A%20Known%20Error%20is%20a,Known%20Error%20Database%20(KEDB) IT ProcessMaps]</ref>
...o be error-free. In [[IT Operations (Information Technology Operations)|IT Operations]] known errors may be logged in a system's Known Error Database (KEDB) whic
5 KB (730 words) - 22:11, 5 January 2023
...ncome before interest, taxes, depreciation, and amortization are deducted. It is a measure of a company's financial performance that excludes the impact
EBITDA is often used as a measure of a company's operating cash flow, as it excludes the non-cash items of interest, taxes, depreciation, and amortizat
2 KB (320 words) - 15:36, 12 November 2022
..., and evaluating performance based on the achievement of desired outcomes. It aims to create a culture where employees and teams are accountable for achi
Result Oriented Management aims to improve organizational performance by focusing on achieving desired
4 KB (488 words) - 15:17, 12 March 2024
...t systems engineering, information system design, and process improvement. It has since been widely adopted in various industries for business process mo
...ionships. It helps organizations to understand, analyze, and improve their operations by identifying inefficiencies, redundancies, and opportunities for improvem
4 KB (536 words) - 21:58, 10 March 2024
...gh a service request management process, distinct from incident or problem management.
*IT Services: These are common in IT departments for handling software access, hardware provisioning, or account
5 KB (681 words) - 21:28, 9 May 2024
...e and can communicate seamlessly with one another. This simplifies network management tasks, such as troubleshooting, security, and software updates, and can red
...ting system, companies can reduce the complexity of their network and make it easier to manage and secure. Additionally, a homogeneous network can improv
3 KB (477 words) - 19:52, 8 March 2024
...ntify and address potential issues, risks, and inefficiencies within their IT environments, specifically related to Microsoft products and technologies.
...risk of potential issues. It does this by analyzing various aspects of the IT environment, such as configuration settings, performance metrics, and syste
4 KB (481 words) - 18:01, 8 March 2024
...ition - What Does Boundaryless Organization Mean? [https://www.mbaknol.com/management-concepts/boundaryless-organization/ MBA Knowledge Base]</ref>
The concept was pioneered by well-known management thinker and former General Electric chairman Jack Welch, who wanted to brea
5 KB (661 words) - 18:39, 30 August 2023
== What is an IT Help Desk? ==
...e, network systems, and other computer-related technologies. Additionally, IT Help Desks often manage service requests, such as setting up new users, ins
6 KB (855 words) - 19:07, 6 April 2024
...ems and applications, and facilitate better decision-making and reporting. It helps organizations to maintain a consistent view of their essential data,
Key components of Master Data Management include:
4 KB (485 words) - 15:45, 8 March 2024
...a and analytics to inform and improve HR-related decisions and strategies. It involves collecting, analyzing, and interpreting data on various HR-related
...ir human capital, including recruitment, employee development, performance management, retention, and overall workforce planning. By leveraging data, organizatio
3 KB (367 words) - 15:12, 12 March 2024
== What is Simple Network Management Protocol (SNMP)? ==
...performance, find and solve network problems, and plan for network growth. It is part of the Internet Protocol Suite, as defined by the Internet Engineer
6 KB (799 words) - 17:43, 25 April 2024
...ers, as they involve the cooperation and agreement of the target company's management and board.
...combine to form a new entity. In a friendly takeover, the target company's management and board of directors typically support the merger and work with the acqui
2 KB (268 words) - 17:39, 29 December 2022
...onsibility that comes with decisions that can affect others. Additionally, it argues against the idea of stakeholder interests being completely unrelated
*[[Personnel Management]]
1 KB (173 words) - 22:16, 10 March 2024
== What is Business Service Management (BSM)? ==
...T services management (ITSM) with business processes, BSM ensures that the IT infrastructure supports and drives business success.
8 KB (1,008 words) - 20:26, 27 March 2024
...products just in time, JIT can reduce the costs associated with inventory management, while also improving the quality and consistency of the products being pro
...nufacturing, JIT can be used to reduce the costs associated with inventory management, while also improving the quality and consistency of the products being pro
3 KB (413 words) - 15:55, 8 March 2024
== What is Thompson’s and Martin’s Strategic Management Framework ==
...that outlines the steps in the strategic management process. The strategic management process involves analyzing the organization's internal and external environ
2 KB (265 words) - 16:00, 30 December 2022
Email Management (EMM) refers to the process of organizing and controlling email messages to
One advantage of EMM is that it can help individuals and businesses save time and increase productivity by
3 KB (394 words) - 14:01, 8 March 2024
== What is Strategic Risk Management? ==
...may impact an organization's ability to achieve its strategic objectives. It is a proactive approach to managing risks that involves identifying potenti
2 KB (237 words) - 15:48, 30 December 2022
Milestones play a crucial role in project management and serve several purposes:
...description of the milestone, outlining the specific event or achievement it represents.
3 KB (456 words) - 17:09, 11 March 2024
...affecting the organization's ability to make informed decisions, optimize operations, and achieve its strategic objectives. Data Health Checks play a crucial ro
...Checking the accuracy, consistency, and integrity of the data by comparing it against predefined rules, business requirements, or external sources. This
3 KB (413 words) - 15:17, 26 August 2023
...es, and customers. Business transitions can be complex and require careful management to ensure the organization can adapt effectively and capitalize on new oppo
...egration of new systems, processes, or teams, restructuring departments or operations, or managing cultural and communication issues that arise during the transi
8 KB (991 words) - 17:34, 27 March 2024
An '''Operating Model''' is the operational design that makes it possible to deliver the [[Business Strategy]]. The operating model defines
...s offer different products and services to different customers, so central management exercises limited control over those business units.”
4 KB (608 words) - 13:21, 13 April 2023
== What is an IT Organization? ==
...company that is responsible for overseeing the infrastructure, assets, and operations related to information technology. This organizational unit plays a critica
7 KB (961 words) - 10:56, 4 May 2024
..., identifying inefficiencies, and proposing solutions to optimize business operations.
*Change Management: Supporting change management by clearly understanding current processes and how proposed changes might i
6 KB (733 words) - 20:08, 8 May 2024
== What is Systems Management? ==
...performance, managing assets, ensuring security and compliance, automating operations, and troubleshooting issues to minimize downtime and optimize performance.
8 KB (1,066 words) - 12:01, 8 March 2024
...aintaining trust with stakeholders. <ref>Definition - What Does Obligation Management Mean? [https://www.wordtech.com/contract-obligation.html Wordtech]</ref>
Key Components of Obligation Management:
5 KB (541 words) - 18:12, 11 March 2024
...oles and responsibilities to team members in a project or an organization. It helps to clarify expectations, enhance communication, and ensure that all t
...rstanding of roles and responsibilities for each team member in a project. It aids in preventing confusion, miscommunication, and duplication of effort w
5 KB (599 words) - 15:29, 12 March 2024
...improve IT infrastructure and enterprise management.<ref>Building Set" fot IT [https://www.yumpu.com/en/document/view/27339192/spring-2014-id-web/17 Navy
*[[IT Service Management (ITSM)]]
2 KB (270 words) - 11:27, 17 January 2023
Rebalancing is a financial management strategy used in the context of investment portfolios, primarily to maintai
Rebalancing is important because it helps investors maintain a consistent level of risk in their portfolios ove
4 KB (545 words) - 15:25, 12 March 2024
...encing the perceptions that others have of oneself. The goal of impression management is to create a positive impression of oneself in the minds of others, in or
...behaviors, and the presentation of oneself in a positive light. Impression management can be used in a variety of settings, including personal relationships, bus
3 KB (390 words) - 18:44, 10 March 2024
== What is Data Center Infrastructure Management (DCIM)? ==
...tructure-management-dcim Definition - What does Data Center Infrastructure Management (DCIM) Mean? ]</ref>
6 KB (846 words) - 15:13, 20 July 2023
...and damages, D&O insurance can help mitigate a lawsuit's financial impact. It can help protect the company's reputation and its directors and officers.
...ies attract and retain top talent, and to promote good governance and risk management practices.
3 KB (379 words) - 22:06, 7 March 2024
...aration of instruction and data memory can provide additional security, as it is more difficult for malicious code to modify program instructions when th
...ry management: In some cases, the Harvard Architecture can simplify memory management, as there is no need to allocate and manage memory for both instructions an
3 KB (407 words) - 18:07, 8 March 2024
...oduction or sales. Fixed costs are essential for a company to maintain its operations and infrastructure.
...of the hours worked or the amount of output they produce. This can include management, administrative, and support staff.
3 KB (440 words) - 17:36, 8 March 2024
...t-oriented programming]] and [[Relational Database|relational databases]]. It involves mapping object-oriented concepts to the underlying relational data
...information, or building a desktop application that requires complex data management.
2 KB (305 words) - 18:10, 11 March 2024
...fered, the demand for that product or service, and the time frame in which it must be used or sold. Other factors that may impact perishability include t
Perishability is important for businesses to understand because it can impact their revenue, profitability, and overall success. By managing p
3 KB (455 words) - 15:13, 12 March 2024
'''Value Stream Management (VSM)''' is a lean business practice that seeks to optimize the flow of val
...te these wastes and improve efficiency. The role of VSM is crucial in lean management and continuous improvement practices where the focus is on improving the ov
3 KB (393 words) - 09:30, 8 March 2024
...age organizations to consider the social and environmental impact of their operations and products. By measuring and reporting on a wider range of value creation
*[[Personnel Management]]
3 KB (390 words) - 18:45, 10 March 2024
...ts within an organization. Metadata registries play a crucial role in data management, enabling organizations to better understand, catalog, and use their data r
*'''Metadata management''': A metadata registry is responsible for managing the lifecycle of metada
4 KB (508 words) - 16:58, 11 March 2024
Factory gate pricing (FGP) is a supply chain management strategy where the cost of a product is determined at the point of producti
...ibility and control over the supply chain. This can help improve inventory management, reduce lead times, and enhance overall supply chain efficiency.
3 KB (473 words) - 15:40, 8 March 2024
...person helps build the very best interdisciplinary teams within a company. It, in turn, leads to a stronger, more efficient and potentially groundbreakin
...y on internal documents and publications that were seen primarily by upper management. The term was referring to the idea that the T-shaped man (which also inclu
2 KB (339 words) - 16:10, 8 March 2024
The history of KSFs can be traced back to the work of management consultant John F. Rockart in the 1970s, who developed the concept to help
*[[IT Strategy (Information Technology Strategy)]]
2 KB (327 words) - 15:55, 8 March 2024
One advantage of DSOM is that it provides a standardized way for objects to communicate with each other acro
However, one disadvantage of DSOM is that it can be complex to design and implement, requiring specialized expertise in
3 KB (388 words) - 13:43, 8 March 2024
...r the design, testing, and implementation of encryption algorithms and key management systems.
*[[IT Strategy (Information Technology Strategy)]]
2 KB (328 words) - 15:39, 8 March 2024
...artments, projects, or activities. It's a crucial aspect of accounting and management, enabling organizations to accurately track and analyze their expenses. By
...savings by analyzing the specific costs associated with different areas of operations.
6 KB (832 words) - 16:31, 23 April 2024
...lps managers monitor the efficiency and effectiveness of their strategies, operations, and processes, allowing them to address problems before they become signif
...tigating risks, contributing to more stable and predictable organizational operations.
7 KB (921 words) - 23:57, 24 March 2024
...monitor, control, and improve the stability and performance of a process. It involves using statistical techniques to analyze and understand process var
...y process and that understanding and controlling it is crucial for quality management.
5 KB (635 words) - 18:17, 8 March 2024
Dual commitment is a management strategy that emphasizes the importance of both employee and organizational
One advantage of dual commitment is that it helps to create a positive work environment that fosters employee engagemen
3 KB (430 words) - 13:48, 8 March 2024
...is an essential metric for evaluating the efficiency and effectiveness of operations, identifying bottlenecks, and determining the need for expansion or improve
...as a benchmark for evaluating the performance of an organization, allowing management to identify areas of inefficiency or underperformance that may require impr
4 KB (570 words) - 00:46, 8 April 2023
...ssistance, consulting, and more. BSPs aim to help businesses improve their operations, reduce costs, and enhance efficiency by providing expert services that the
...g cloud services, software development, cybersecurity, data analytics, and IT support.
7 KB (986 words) - 20:13, 27 March 2024
....<ref>Defining ITIL Service Operation [https://www.cherwell.com/it-service-management/library/essential-guides/essential-guide-to-itil-framework-and-processes/ C
...electricity to their homes. They just want reliable service when they need it and at a fair cost.<ref>Explaining ITIL Service Operation [bmc.com/blogs/it
9 KB (1,294 words) - 12:33, 9 March 2024
...ferent stages and environments, testing stability and finally, deployment. It is a difficult balancing act between:
...ment? [https://www.plutora.com/software-release-management/what-is-release-management Plutora]</ref>
10 KB (1,429 words) - 21:13, 24 March 2021
...ds or services are acquired from an external source in exchange for money. It is an essential part of the supply chain process that involves sourcing and
...nal needs and support its strategic goals, including cost control, quality management, and building relationships with suppliers.
4 KB (535 words) - 15:42, 20 July 2023
...o make decisions based on the recognition of one alternative over another. It is a simple and fast decision-making rule, which is a part of the "fast and
The Recognition Heuristic is important because it highlights the fact that humans often use simple cognitive strategies to ma
4 KB (532 words) - 15:25, 12 March 2024
...a queue. It is also used in various processes and systems as an inventory management, scheduling, or resource allocation technique. The basic principle of FIFO
#Inventory Management: FIFO is a common method for managing inventory in warehouses and retail st
3 KB (478 words) - 17:33, 8 March 2024
Last-In First-Out (LIFO) is a method of [[Inventory Management|inventory management]] in which the last items added to a company's inventory are assumed to be
...management. Since then, LIFO has become a widely used method of inventory management in many industries.
3 KB (378 words) - 22:35, 10 March 2024
...Edgar F. Codd in 1970. It is a foundational model for relational database management systems (RDBMS), which are widely used to store, organize, and manage struc
...ity, and accessibility by organizing data in a tabular format and enabling operations through relational algebra and SQL.
5 KB (791 words) - 20:20, 6 April 2023
..."not only SQL"), is a type of [[Database Management System (DBMS)|database management system]] that does not use the traditional relational database model. Unlik
...cial media platform to easily scale and handle large volumes of user data. It also allows for flexible querying and analysis of the data, enabling the pl
3 KB (411 words) - 18:06, 11 March 2024
== What is IT Service Continuity Management (ITSCM)? ==
...is focused specifically on maintaining and restoring IT infrastructure and operations that support critical business functions. This discipline involves proactiv
7 KB (908 words) - 22:09, 7 April 2024
...stems. This method is often used in engineering, safety analysis, and risk management to identify and mitigate potential hazards and risks associated with a spec
...ith a complex system or process, which can inform decision-making and risk management strategies. By identifying potential risks and their likelihood and consequ
3 KB (444 words) - 15:17, 12 March 2024
One advantage of an ODS is that it can improve the quality and consistency of operational data by integrating
...ddition, an ODS may require ongoing maintenance and updates to ensure that it remains current and relevant.
2 KB (363 words) - 12:43, 12 March 2024
...y escalate, and ensure optimal performance and security for their clients' IT systems.
...ct and resolve issues quickly, minimize downtime, and deliver high-quality IT support services.
4 KB (554 words) - 15:16, 12 March 2024
The External Factor Evaluation (EFE) matrix is a strategic management tool used to evaluate a company's external environment and identify key fac
...external factor based on how well the company is positioned to respond to it. The ratings range from 0 (poorly positioned) to 5 (strongly positioned). T
3 KB (490 words) - 13:54, 8 March 2024
...g installing and configuring system hardware and software, managing server operations, ensuring data backup and recovery, monitoring system performance, and main
...all IT systems operate efficiently and reliably to support organizational operations.
8 KB (994 words) - 13:01, 8 March 2024
...n''' is the action of working with someone to produce or create something. It is a partnership; a union; the act of producing or making something togethe
...ation in the workplace occurs when people work together to achieve a goal. It’s another way of looking at teamwork. The team can use many different way
8 KB (1,077 words) - 16:43, 19 February 2024
"Hofstadter's Law: It always takes longer than you expect, even when you take into account Hofsta
...his phenomenon can be observed in various aspects of life, such as project management, software development, construction, and research.
3 KB (388 words) - 19:52, 8 March 2024
...to various aspects of an organization, including supply chain management, operations, human resources, marketing, and customer service.
...w.riverlogic.com/blog/business-optimization-what-it-means-and-why-you-need-it#:~:text=Business%20optimization%20is%20the%20process,Reducing%20costs%20whi
8 KB (1,007 words) - 22:32, 4 March 2024
...-solving]] tool used to identify and address the root causes of a problem. It is a structured approach that breaks down a problem into smaller, more mana
...by Dr. Tom Peters and Robert H. Waterman Jr. as part of their research on management practices in successful companies. Since then, OAT has become an increasing
2 KB (378 words) - 18:12, 11 March 2024
'''Reference Data''' is a term used in the context of data management and refers to the static or infrequently changing data used to categorize,
...ng a common set of reference points, reference data enables effective data management, analysis, and decision-making.
4 KB (504 words) - 15:52, 8 March 2024
...hought," is a framework that categorizes different approaches to strategic management. The model, proposed by Henry Mintzberg and James A. Waters in their 1985 p
...strategy is based on a clear set of objectives, goals, and intentions, and it is typically documented in a formal strategic plan.
4 KB (502 words) - 12:37, 12 March 2024
...adapt to changing circumstances, and quickly return to normal or improved operations.
*Risk Assessment and Management: Identifying potential risks to the supply chain and assessing their likeli
7 KB (963 words) - 12:20, 23 March 2024
...rocesses that support the operation and management of an [[organization]]. It includes both tangible elements, such as facilities and equipment, as well
...anagement of the organization and to support the achievement of its goals. It is an important factor in the overall effectiveness and efficiency of an or
2 KB (282 words) - 10:41, 5 April 2023
...ption value is also known as the face value, par value, or maturity value. It is the amount the issuer originally promises to pay back to the bondholder
...ion value is to provide investors with a fixed return on their investment. It acts as an incentive for investors to hold the bond until maturity and offe
4 KB (576 words) - 15:27, 12 March 2024
...ttps://corporatefinanceinstitute.com/resources/knowledge/strategy/business-operations/ CFI]</ref> ==
'''[[Business]] operations''' refer to activities that businesses engage in on a daily basis to [[Busi
17 KB (2,482 words) - 19:46, 29 March 2024
...problem or system by dividing it into a hierarchy of sub-functions, making it easier to understand, design, and manage.
...development, business process management, systems engineering, and project management.
4 KB (523 words) - 17:54, 8 March 2024
== What is Management Style? ==
...rs to the way that a manager interacts with and leads their employees, and it can have a significant impact on the culture and performance of an organiza
3 KB (416 words) - 12:16, 7 January 2023
== What is Task Management? ==
...tial conception and planning stages to its completion and evaluation. Task management helps individuals and teams to organize their work, prioritize activities,
5 KB (699 words) - 15:06, 24 April 2024
...ate the value of an investment by discounting the expected cash flows that it will generate in the future. The DCF method is widely used in corporate fin
...sts make more informed investment decisions, and to support effective risk management and financial planning.
3 KB (411 words) - 13:41, 8 March 2024
...as the representation of dependencies in software development and project management. In each of these cases, using a directed acyclic graph plays a key role in
*[[IT Strategy (Information Technology Strategy)]]
3 KB (381 words) - 22:05, 7 March 2024
...ational database is a type of [[Database Management System (DBMS)|database management system (DBMS)]] that stores and manages data in a structured, tabular forma
...Keys''': A primary key is a unique identifier for each record in a table. It is a column or a combination of columns that contains a unique value for ea
3 KB (533 words) - 14:06, 8 March 2024
Recapitalization is important because it allows companies to optimize their capital structure, reduce financing cost
*[[IT Strategy (Information Technology Strategy)]]
4 KB (548 words) - 15:25, 12 March 2024
...e major obstacles. This can lead to more efficient and cost-effective case management, and can help to increase the chances of a favorable outcome.
However, one disadvantage of ECA is that it can be time-consuming and costly to implement, particularly for complex or
2 KB (384 words) - 13:54, 8 March 2024
== What is IT Optimization? ==
...ious aspects, including hardware, software, networks, data centers, and IT operations.
7 KB (857 words) - 13:26, 26 March 2024
Event correlation is a process used in various fields, such as IT, network management, cybersecurity, and finance, to identify and analyze relationships between
...ng, and maintaining the performance and stability of systems and networks. It involves collecting and analyzing data from various sources, such as log fi
3 KB (444 words) - 15:36, 8 March 2024
Green computing, also known as green IT, is a practice that involves designing, developing, using, and disposing of
...ch as using energy-efficient hardware and software, and implementing power management techniques. Resource conservation involves minimizing the use of resources
3 KB (468 words) - 19:41, 8 March 2024
...o acquire it from an external supplier (buy). This decision is crucial, as it can significantly impact a company's cost structure, efficiency, and overal
...e costs and benefits of making a product or service in-house or purchasing it from an external source, businesses can make better-informed decisions abou
8 KB (1,051 words) - 15:55, 9 March 2024
...ent (known as resource capacity management in ITIL version2).<ref>Capacity Management Defition [https://en.wikipedia.org/wiki/Capacity_management Wikipedia]</ref
...ent? [https://advisera.com/20000academy/knowledgebase/three-faces-capacity-management/ Advisera]</ref>''' <br />
10 KB (1,373 words) - 14:03, 23 November 2022
