...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
...esentation that helps organizations understand, analyze, and improve their operations.
...e structure and semantics of information within an organization or system. It is particularly useful for designing databases and other information system
4 KB (494 words) - 21:59, 10 March 2024
== What is Cloud Operations? - Definition ==
...tions (CloudOps) [https://wasabi.com/help/glossary-of-terms/cloudops-cloud-operations-definition/ Wasabi]</ref>
12 KB (1,720 words) - 14:26, 26 August 2023
...shared. It aims to improve the efficiency and effectiveness of government operations by promoting interoperability and reducing redundancy through a common fram
...nsure that data is accurate, reliable, and available to support government operations and decision-making processes.
7 KB (996 words) - 16:36, 9 April 2024
...ment operations by standardizing the development and management of federal IT architectures.
...ance Reference Model (PRM)]]: Helps agencies to measure the performance of IT investments and their impact on strategic outcomes.
5 KB (657 words) - 18:36, 2 April 2024
...ol and management of network resources through software-based controllers. It provides a more programmable, flexible, and agile network infrastructure th
...responsible for deciding how network traffic should be routed and managed. It consists of one or more centralized controllers with a global view of the n
5 KB (664 words) - 18:14, 8 March 2024
...nce, a company can choose to use the private cloud for sensitive, critical operations or workloads, while relying on the public cloud for scalable computational
...flexibility and scalability: Businesses can easily scale up or down their operations to meet demand without having to invest in physical infrastructure.
6 KB (879 words) - 13:57, 25 July 2023
.... On the other hand, it can create significant challenges in terms of data management, storage, and analysis.
*Data management: With the increase in the volume of data, organizations must have the right
3 KB (413 words) - 19:50, 5 September 2023
...velopment, such as requirements management, change management, and quality management.
OSLC is important because it addresses the challenges of integrating and managing diverse software devel
4 KB (533 words) - 18:30, 11 March 2024
...communication between Java applications running on different hosts, making it an essential component for developing distributed applications in Java.
RMI is essential for Java-based distributed application development, as it simplifies communication between remote Java objects, allowing developers t
4 KB (589 words) - 15:28, 12 March 2024
...track and document the transformation of raw materials to finished goods. It provides information that helps manufacturing decision makers understand ho
...in purpose of an MES is to ensure effective execution of the manufacturing operations and improve production output.
3 KB (457 words) - 17:19, 18 July 2023
...the oldest programming paradigms, closely mimicking how computers execute operations at the hardware level. In imperative programming, developers write code tha
*State Management: Involves explicitly changing the program's state through assignment statem
6 KB (760 words) - 12:58, 7 April 2024
...retain top talent by offering a potentially valuable long-term incentive. It also aligns the interests of employees with those of shareholders, as emplo
...ention tool and motivates employees to work towards the company's success. It also allows companies to offer competitive compensation packages to attract
4 KB (636 words) - 15:29, 12 March 2024
...hat an organization can continue to operate, or quickly recover and resume operations, in the face of events that could potentially disrupt its business. BCM inv
...an ongoing process that requires regular review and updates to ensure that it remains effective and aligned with the changing needs of the organization.
1 KB (168 words) - 03:55, 2 January 2023
...os, shaping how its members perceive and interact with control mechanisms. It serves as the bedrock upon which all other elements of internal control are
*Ethical Values and Integrity: Management and employees' ethical behavior and integrity play a crucial role in establ
4 KB (599 words) - 20:48, 1 September 2023
...'' is a systematic approach to analyzing and improving business processes. It involves examining data generated by business activities to identify ineffi
...d improve business processes, employing methodologies like Six Sigma, Lean management, or Agile practices.
6 KB (772 words) - 14:42, 25 April 2024
...arency: Providing a transparent view of the company's financial health and operations to stakeholders, including investors, creditors, and regulators.
...valuation: Let stakeholders assess the company's financial performance and management effectiveness over time.
8 KB (1,057 words) - 15:34, 7 March 2024
...l analysis, allowing them to gain a broader understanding of the financial operations of the organization.
*[[Personnel Management]]
3 KB (489 words) - 22:19, 10 March 2024
...essing, transmission, and dissemination within an organization or society. It encompasses the hardware, software, networks, data centers, databases, and
...tabases, enterprise resource planning (ERP) systems, customer relationship management (CRM) software, and other applications.
5 KB (655 words) - 18:51, 10 March 2024
...Performance: <ref>5P's Model Definition [http://old.knoow.net/en/sceconent/management/5_p_model.htm Knoow.Net Encylopedia]</ref>
...[Organizational Effectiveness|organization to be efficient and effective]] it is needed that all five variables are in consonance as a way to mutually su
3 KB (392 words) - 21:38, 8 February 2021
...oncept used to find the average or midpoint of two given values or points. It is often applied in various disciplines, including [[economics]], [[busines
.... This information can be valuable for investment decision-making and risk management.
3 KB (386 words) - 17:08, 11 March 2024
...P) is crucial for organizations to mitigate the impact of attacks on their operations, reputation, and bottom line.
...of an incident to prevent further damage to the organization's assets and operations.
8 KB (1,092 words) - 12:05, 23 March 2024
...all experience. [[Customer]] feedback can be solicited or unsolicited, and it can be collected through a variety of means, such as online reviews, survey
Customer feedback is important for businesses because it can provide valuable insights into how customers perceive the company and i
5 KB (644 words) - 16:15, 27 March 2024
...ically include the use of digital tools and technologies, such as learning management systems, video conferencing software, and online collaboration tools, as we
*[[IT Strategy (Information Technology Strategy)]]
3 KB (391 words) - 13:42, 8 March 2024
...ities and access to resources, such as systems, applications, and data. ID Management is a critical component of information security, and helps organizations to
...s, and can improve the efficiency and effectiveness of identity and access management processes.
4 KB (534 words) - 18:43, 10 March 2024
...of the relational data model, which is the basis for most modern database management systems (DBMSs). The relational data model was first introduced by Edgar F.
...e traditional relational model and more advanced data modeling techniques. It provides a richer set of constructs for representing complex data relations
4 KB (559 words) - 14:05, 8 March 2024
...lopment, Operations Management, and to the development of various Business Management Systems.<ref>[http://www.appian.com/about-bpm/definition-of-a-business-proc
...Typical management processes include "corporate governance" and "strategic management".
7 KB (940 words) - 22:37, 4 March 2024
...a portion of an enterprise, and demonstratse how it can become part of the management infrastructure. <ref>What is Adaptive Enterprise Framework? [http://www.bpt
...of application and information logic into the business architecture where it belongs;
5 KB (650 words) - 15:19, 14 March 2023
...lation (CC) learning architecture for training artificial neural networks. It was developed by Scott E. Fahlman and Christian Lebiere in 1990. While the
...C allows the network to retain information about previous inputs, enabling it to learn complex temporal patterns and sequences.
4 KB (565 words) - 15:26, 12 March 2024
...appraisal. Residual value represents the remaining value of an asset after it has been fully utilized or depreciated over its useful life.
...value of an asset in financial calculations and decision-making processes. It helps in:
4 KB (540 words) - 15:18, 12 March 2024
...of a company and the capital invested by its shareholders and debtholders. It is an indicator of the wealth created by a company for its investors and re
...role in evaluating a company's performance from an investor's perspective. It helps investors determine whether a company is effectively using its capita
4 KB (532 words) - 16:46, 11 March 2024
...ays customized to fit the needs of the engagement.<ref>What is Application Management Services Framework [https://en.wikipedia.org/wiki/Application_Management_Se
Application management services framework (AMSF) is a comprehensive and integrated set of processe
4 KB (483 words) - 22:26, 21 August 2023
...the external macro-environmental factors that can impact an organization's operations and long-term sustainability. The acronym PESTEL stands for Political, Econ
...ic Factors: This dimension covers economic conditions that affect business operations and decision-making. Examples include economic growth rates, interest and i
7 KB (919 words) - 11:26, 26 March 2024
== What is IT Operations Analytics (ITOA)? ==
IT operations analytics involves collecting IT data from different sources, examining that data in a broader context, and
13 KB (1,864 words) - 20:36, 1 December 2022
...roach organizations use to identify, assess, and manage operational risks. It is a proactive tool that involves the self-evaluation of risk exposures and
...ification: Employees identify and document potential risks impacting their operations.
5 KB (679 words) - 21:46, 9 May 2024
...ictionary.com/definition/business-management-system.html Defining Business Management System]</ref>
...n-a-business-management-system/ 5 Reasons you NEED to invest in a Business Management System]</ref><br />
7 KB (1,007 words) - 17:33, 3 January 2023
...ng into account any deductions, such as returns, allowances, or discounts. It is an important top-line figure that indicates a company's overall sales pe
#Top-line figure: Gross Revenue is considered a top-line figure because it is the first item on an income statement, reflecting the company's sales pe
3 KB (397 words) - 19:42, 8 March 2024
...tation of the federal government day-to-day [[Business Operations|business operations]] and activities. The BRM represents the first layer of the [[Federal Enter
...m and its management) is modelled by the IMPPACT Business Reference Model. Management covers both the planning of the production and the planning and control of
7 KB (969 words) - 18:38, 2 April 2024
...rike price, as they can buy the asset at a lower cost and potentially sell it at the higher market price.
#Risk management and speculation: European-style options are used by investors and traders f
3 KB (436 words) - 15:35, 8 March 2024
...achieved through the manipulation of data. Business logic encompasses the operations carried out by an application behind the user interface, from simple data v
*Process Logic: Dictates the sequence of operations in response to certain events or conditions, guiding the flow of processes
9 KB (1,209 words) - 00:11, 28 March 2024
...ons, such as statistical modeling, simulations, and secure communications. It enables the generation of unbiased samples, the study of random phenomena,
...riable is a variable whose value depends on the outcome of a random event. It helps to quantify uncertainty in various fields, such as probability theory
4 KB (583 words) - 15:12, 9 May 2024
...hat focuses on a specific segment or business area within an organization. It aims to define, document, and analyze the structure, processes, information
*'''Align IT with Business Objectives:''' Ensure that the technology infrastructure and
7 KB (861 words) - 02:38, 19 April 2023
...of command and control can also apply to other contexts, such as business management, emergency response, and technology systems.
...crucial for the efficient functioning and coordination of military forces. It involves the following elements:
4 KB (648 words) - 19:51, 30 August 2023
...ustomer demands, market conditions, and emerging opportunities or threats. It involves the capacity to quickly reconfigure resources, processes, and syst
*'''Efficiency:''' Agile organizations can continuously optimize their operations, reducing waste and improving resource utilization, leading to increased ef
4 KB (561 words) - 00:57, 8 April 2023
...ing of the specific market, sector, or niche in which a business operates. It encompasses a wide range of information, including market trends, customer
...avoid legal issues, and anticipate potential changes that may impact their operations.
4 KB (459 words) - 18:49, 10 March 2024
...gy for translating customer requirements into product or service features. It fosters cross-functional collaboration, improves customer satisfaction, and
*[[IT Strategy (Information Technology Strategy)]]
5 KB (612 words) - 15:23, 12 March 2024
...onceptual structure for the identification of general business functions". It can show the critical business processes in the context of the business are
*Feed back what has been modelled to the business to ensure that it is correct.
6 KB (860 words) - 22:29, 27 March 2024
...n organization, product, service, or initiative has on society as a whole. It encompasses the broader benefits beyond the immediate stakeholders, such as
*'''Environmental Impact:''' The environmental impact of an organization's operations, products, or services is a critical component of societal value. This incl
3 KB (453 words) - 21:06, 14 April 2023
...commonly used in industries such as finance, healthcare, and supply chain management, where data accuracy and consistency are critical.
*'''Data Standardization:''' Standardize the data by converting it into a common format, structure, or unit of measurement. This can involve d
4 KB (517 words) - 18:01, 13 April 2023
== What is the Workflow Management Coalition (WfMC)? ==
...e in promoting standards, best practices, and research related to workflow management.
4 KB (522 words) - 11:41, 16 July 2023
...to purchase a diversified portfolio of stocks, bonds, or other securities. It is managed by a professional investment manager, who makes decisions on the
*'''Professional management:''' Mutual funds are managed by professional investment managers who use th
4 KB (597 words) - 17:33, 11 March 2024
...rtfolio rationalization is a portfolio-based approach to the governance or management of an organization's projects. The objective is to maximize returns by opti
*A portfolio-based approach is believed to generate higher returns because it recognizes that together one set or configuration or portfolio of projects
4 KB (630 words) - 21:59, 19 December 2022
...ack or need. Expert power is often considered a form of informal power, as it is not necessarily tied to a person's position or authority within an organ
In the context of leadership and management, expert power can be a valuable asset. When a leader is recognized for thei
3 KB (501 words) - 15:38, 8 March 2024
...business management. Since then, incentives have become a key component of management theory and practice, and have been widely adopted by businesses in a variet
...er, be more productive, and achieve their goals more effectively. However, it is important to ensure that incentives are aligned with organizational goal
3 KB (366 words) - 18:45, 10 March 2024
...needed to operate a business or other type of firm. The elements of supply management contain the actual materials/components, budgets, information, and employee
...cting, while that of goods is called purchasing or procurement. The supply management function of an organization is responsible for various aspects of these acq
9 KB (1,307 words) - 18:36, 30 August 2023
...cies, procedures, and mechanisms an organization implements to ensure that management's directives to mitigate risks to achieving objectives are carried out. The
...ting Operational Efficiency: Improving the efficiency and effectiveness of operations by ensuring that resources are used appropriately.
6 KB (742 words) - 16:45, 8 May 2024
...c measures to minimize or eliminate unacceptable risks associated with its operations. Risk mitigation measures can be directed towards reducing the severity of
== Types of Risk Mitigation<ref>[https://www.mha-it.com/2013/05/17/four-types-of-risk-mitigation/ What are the The Four Types o
6 KB (811 words) - 17:52, 13 April 2023
...tation, and mining. OT systems are distinct from [[Information Technology (IT)]] systems, which mainly focus on the storage, retrieval, processing, and t
...is to ensure the smooth functioning, efficiency, and safety of industrial operations. OT systems enable the automation of complex processes, allowing organizati
4 KB (526 words) - 20:57, 23 June 2023
...er's experience remains smooth and uninterrupted by maintenance or routine operations.
*Resource Management: They help in managing system resources efficiently by performing heavy or
6 KB (831 words) - 16:39, 23 April 2024
...ns on data to convert it from raw form into a more valuable format, making it organized and accessible for users or systems to make decisions, perform ac
*Processing: Applying computational or logical operations to transform the input data. This could involve calculations, statistical a
6 KB (857 words) - 22:28, 7 April 2024
...ge, monitor, and reduce the energy consumption of their IT infrastructure. It was introduced in 2009 as part of Cisco's commitment to environmental susta
...ergy consumption and costs while minimizing the environmental impact of IT operations. To achieve this, EnergyWise provides the following features and capabiliti
2 KB (314 words) - 17:50, 11 April 2023
...data sets or records to ensure their accuracy, consistency, and alignment. It involves identifying and resolving discrepancies or differences between the
...in various domains, including finance, accounting, banking, and inventory management.
6 KB (745 words) - 15:25, 12 March 2024
...rance industry to provide guidance on the development, implementation, and management of insurance applications and technology systems. The primary goal of IAA i
...siness processes, organizational structure, and overall business strategy. It helps identify the key capabilities required to support the company's objec
5 KB (631 words) - 20:06, 10 March 2024
*'''Monitoring and tracking''': It involves keeping track of media coverage and mentions of a company, its pro
*'''Risk management''': By keeping an eye on negative media coverage, potential crises, and rep
3 KB (446 words) - 16:53, 11 March 2024
...g must be reproducible, it must be collaborative, it must be scalable, and it must be continuous.<ref>Definition - What does MLOps Mean? [https://blog.pa
...ined, automated ways. It’s a big challenge in raw performance as well as [[management]] rigor. Datasets are massive and growing, and they can change in real time
5 KB (759 words) - 16:54, 6 February 2021
...heir overall financial performance and make informed decisions about their operations. The ability to accurately measure profitability is essential for businesse
...anding cost-volume-profit analysis and its implications for their business operations, companies can make more informed decisions that will help them stay profit
8 KB (1,167 words) - 22:11, 7 December 2022
...lls, experience, creativity, and expertise of an organization's employees. It includes the collective know-how, innovation capabilities, and problem-solv
...ormation systems, intellectual property (patents, trademarks, copyrights), management systems, and company culture. Structural capital represents the infrastruct
4 KB (505 words) - 22:03, 10 March 2024
== Definition of Management Accounting ==
...executives in fulfilling [[Business Objective|organizational objectives]]. Management accounting creates [[value]] and ensures sustainable success by contributin
12 KB (1,552 words) - 16:55, 6 February 2021
...uts. This model is widely used in various fields such as computer science, management, engineering, and education, to help understand, analyze, and design system
...s to simplify the understanding of a complex system or process by breaking it down into its basic components. The model helps in analyzing the system's b
4 KB (570 words) - 20:03, 10 March 2024
One advantage of empowering employees is that it can lead to increased job satisfaction and motivation. When employees feel
Another advantage of empowering employees is that it can lead to improved organizational performance. By encouraging employees t
3 KB (451 words) - 14:10, 8 March 2024
...technology management. It provides definitions for technology [[business]] management terms. Most articles in the wiki also go deeper providing a broader context
...nyone who is a manager of information technology or someone who depends on IT to create business value.
3 KB (403 words) - 09:13, 13 March 2024
...ted applications, virtual goods, as well as "wild" web-based information [[management]] and [[marketing]].<ref>Definition of Chief Digital Officer [https://en.wi
...e visibility or support it needs if it’s not helping the company get where it wants to go.
4 KB (474 words) - 14:32, 6 February 2021
...over]]: A friendly takeover is a transaction in which the target company's management and board of directors support the acquisition and are willing to negotiate
...board of directors do not support the acquisition and may actively resist it. Hostile takeovers often involve a battle for control between the acquiring
2 KB (270 words) - 17:41, 29 December 2022
One advantage of divestiture is that it can help a company to focus on its core competencies and improve its financ
...requiring specialized expertise in valuation, negotiation, and transaction management. In addition, divestiture can result in a loss of talent or knowledge, as e
3 KB (426 words) - 13:44, 8 March 2024
The term "killer bees" is not commonly used in business or computing, as it refers specifically to the Africanized honey bee. However, the term has bee
...o describe a software application that is so compelling or innovative that it drives the adoption of a particular platform or technology. This can includ
2 KB (257 words) - 22:33, 10 March 2024
...uting the [[Business Strategy|business strategies]] developed by the top [[management]] team. And, in many cases, they are being groomed to be—or are actually
...rough the ranks for at least 15 years. He or she has both [[business]] and management expertise as well as extensive experience in the practices, policies, and p
9 KB (1,384 words) - 14:33, 6 February 2021
...trix in the 1950s, and has since become a widely used tool in business and management.
The Kepner-Tregoe Matrix is important because it provides a structured and systematic approach to decision-making, which can
3 KB (443 words) - 22:32, 10 March 2024
...fers to the total cost of producing a single unit of a product or service. It is calculated by dividing the total cost of production by the number of uni
...an be reduced or efficiencies can be improved, contributing to better cost management and overall financial performance.
3 KB (457 words) - 12:21, 6 April 2023
*[[IT Strategy (Information Technology Strategy)]]
*[[IT Governance]]
5 KB (669 words) - 15:28, 12 March 2024
...rm of a financial obligation and establish a clear timeline for repayment. It helps both the borrower and lender to plan their cash flows and investment
*'''Risk management''': Lenders and bondholders consider the maturity date when assessing the r
4 KB (531 words) - 16:51, 11 March 2024
...oducts, or engages in new business activities that differ from its current operations. The primary goal of diversification is to reduce risk by spreading investm
...whether in manufacturing, distribution, or R&D, can lead to more efficient operations and reduced costs.
6 KB (829 words) - 23:32, 27 March 2024
== What is a Security Operations Center (SOC)? ==
A Security Operations Center (SOC) is a centralized unit within an organization that continuously
8 KB (1,052 words) - 12:38, 22 March 2024
...ible for generating revenues, controlling costs, and managing investments. It is a type of responsibility center that focuses on the financial performanc
#Revenues: The income generated by the business unit or division from its operations, including sales of products or services.
5 KB (675 words) - 22:17, 10 March 2024
Outcome is defined as the result or consequence of one or more actions. It can be desirable or undesirable. Outcomes can be intended or unintended.
...gy]] is a means to that end and technology helps with it. The objective of management is to ensure intended outcomes, minimize unintended consequences, and when
1 KB (194 words) - 12:47, 1 July 2023
...s of goods in transit, in-transit visibility can help to improve inventory management, reduce the risk of theft or damage, and improve delivery times and custome
...n, in-transit visibility has become an important component of supply chain management, and has been widely adopted by businesses in a variety of industries.
3 KB (406 words) - 18:44, 10 March 2024
Permission marketing is important because it can help businesses build stronger relationships with customers, improve en
...ineffective marketing. The cons include the need for careful planning and management, the potential for lower response rates compared to interruption-based mark
3 KB (469 words) - 15:13, 12 March 2024
...independently of one another, allowing for greater flexibility and ease of management. Modular architecture is widely used in various fields, including software
...refactored independently of one another. This separation of concerns makes it easier to maintain and improve the system over time.
3 KB (428 words) - 17:22, 11 March 2024
== What is Business Relationship Management (BRM)? ==
...e entire organization operates cohesively and effectively meets its goals. It involves understanding the needs of various stakeholders and managing expec
8 KB (1,057 words) - 21:07, 27 March 2024
...imum level of return that an investor expects to receive on an investment. It represents the amount of risk that the investor is willing to take in order
...native investment opportunities. It is an important concept in finance, as it helps investors to understand the trade-offs between risk and return and to
2 KB (304 words) - 22:51, 10 March 2024
...Region Analytical and Response Elements Scale) is a tool used by emergency management personnel to assess the severity and potential impact of an incident or eve
...by a range of organizations, including federal, state, and local emergency management agencies, as well as law enforcement, fire, and medical response teams.
3 KB (441 words) - 22:18, 10 March 2024
#Complexity: The integration and management of multiple types of processors in a single system can be complex, requirin
...nified programming model, improved performance, and energy efficiency, but it also faces challenges related to complexity and compatibility.
3 KB (428 words) - 19:46, 8 March 2024
...ution. A ticket is created when a customer submits a request or issue, and it is assigned to a support agent who then works to resolve the issue. The tic
...ck the progress of each ticket, from the time it was submitted to the time it was resolved, ensuring that nothing falls through the cracks.
4 KB (556 words) - 16:51, 25 April 2023
...regulators will continue to develop their approaches for operational risk management and capital budgeting.
A key component of [[Risk Management|risk management]] is measuring the size and scope of the firm’s risk exposures. As yet, h
9 KB (1,280 words) - 12:46, 1 July 2023
== What are IT Services? ==
...including consulting, software development, and infrastructure management. IT services can be provided by internal teams within a company or by external
8 KB (1,261 words) - 18:43, 7 March 2024
...components, traffic, and metrics to ensure efficient and reliable network operations. NPM aims to proactively identify and address issues that can impact networ
...PM) Mean? [https://www.techopedia.com/definition/29972/network-performance-management Techopedia]</ref>
5 KB (645 words) - 01:56, 2 June 2023
...eed, reliability, and ability to supply power to connected devices, making it an ideal choice for multimedia and professional audio/video applications.
FireWire has several features that made it attractive for data transfer:
3 KB (396 words) - 17:33, 8 March 2024
...at has acquired or established subsidiary companies to expand its business operations or diversify its investments. <ref>Definition: What is a Parent Company? [h
.... It provides the subsidiaries strategic direction, financial support, and management guidance while allowing them to operate with a certain degree of autonomy.
6 KB (772 words) - 12:49, 12 March 2024
...c [[Database Management System (DBMS)|database management system (DBMS)]]. It describes how the logical data model, which is the high-level view of the d
...lueprint for the actual implementation of the database in a specific DBMS. It includes detailed information about the data types, table structures, index
3 KB (456 words) - 22:48, 10 March 2024
...egitimate power can be traced back to the early theories of organizational management, which emphasized the importance of hierarchical structures and the role of
...ower is consistent with the values and goals of the organization, and that it does not lead to the abuse of power or the marginalization of other individ
3 KB (383 words) - 22:37, 10 March 2024
...ectors: IT business value (that is, impact on Intel’s business), impact on IT efficiency, and the financial attractiveness of an investment. All three fa
...]]: Key performance indicators (KPIs) or metrics used to evaluate business operations or strategies' effectiveness, efficiency, and success.
3 KB (391 words) - 19:33, 1 March 2024
...ial Adjustment Valuation (PAV) model can help determine the exact value of IT investments by estimating their impact on different aspects of the business
IT Value is found in qualifying the organization to participate in information
7 KB (978 words) - 13:58, 19 July 2023
...the backbone of high-speed data transport between different network parts. It is designed to provide the fastest possible data transfer, focusing on effi
.... This layer aggregates data from multiple access layer devices and routes it to the appropriate core layer devices. The distribution layer enforces secu
3 KB (476 words) - 19:47, 8 March 2024
== What is ITIL Event Management? ==
...e management of the IT infrastructure or the delivery of IT service. Event Management is part of the ITIL Service Operation stage, focusing on identifying, categ
7 KB (1,030 words) - 22:45, 7 April 2024
...er processing, order fulfillment, and order tracking. The purpose of order management is to ensure that customer orders are processed efficiently and accurately,
...he efficient and accurate processing of customer orders. The role of order management is to coordinate and track the various stages of an order, from order place
4 KB (559 words) - 12:46, 12 March 2024
...iness analysis tool developed by the Boston Consulting Group in the 1970s. It is used to help companies evaluate their product portfolio and allocate res
...he growth rate of the market in which a product or business unit operates. It is an indicator of the market's attractiveness and potential for future gro
3 KB (469 words) - 19:43, 8 March 2024
...ment processes, improve collaboration, and enhance the efficiency of their operations.
...s that it can help businesses improve the efficiency of their supply chain management processes. B2Bi enables businesses to automate many of their manual process
3 KB (470 words) - 11:56, 16 July 2023
A Learning Management System (LMS) is a software application or platform designed to manage and d
...ory of LMSs can be traced back to the early 1990s, when the first learning management systems were developed for use in academic settings. Since then, LMSs have
3 KB (352 words) - 22:37, 10 March 2024
...limited resources and their influence on individual and societal behavior. It posits that the scarcity of resources, such as money, time, or natural reso
...and creativity to overcome scarcity and obtain desired resources. However, it can also lead to stress, impulsive behavior, and suboptimal decision-making
4 KB (574 words) - 12:52, 12 March 2024
...e and structure for organizing and understanding organizational processes. It was developed by the American Productivity and Quality Center (APQC) to fac
...organizations define, document, and communicate their business processes. It helps organizations understand the relationships between processes and prov
7 KB (867 words) - 19:26, 26 March 2024
...ness venture to determine its viability and the likelihood of its success. It is typically conducted before committing significant resources or making an
...t market, customer needs, demand, competition, and potential market share. It helps determine if there is a sufficient market for the proposed product or
4 KB (554 words) - 16:22, 8 March 2024
...as well as the potential for the acquired company to benefit from improved management and financial performance. However, LBOs can also be risky, as the high lev
...e of other businesses. However, LBOs can also be risky and require careful management to ensure that the acquired company is able to manage its debt and achieve
3 KB (380 words) - 22:38, 10 March 2024
...all high-level strategy and operational framework for a project or system. It outlines the objectives, key capabilities, functions, and operational conte
...em or project, including its main components, functions, and capabilities. It may also describe the intended users, beneficiaries, or customers.
5 KB (778 words) - 15:15, 1 September 2023
== What is Lean Management? ==
...ize processes and eliminate waste within an organization. The goal of lean management is to create a culture of continuous improvement, in which processes and sy
8 KB (1,122 words) - 14:02, 5 January 2023
...be accessed from anywhere, while reducing the need for local hardware and IT support. HVDs can be used by individuals, small businesses, and enterprises
...ed security and data protection, reduced hardware costs, and simplified IT management. HVDs can also enable remote work and collaboration, allowing employees to
3 KB (473 words) - 19:55, 8 March 2024
...n an efficient and effective manner. Work processes are fundamental to the operations of any organization, ensuring that activities are carried out consistently,
...t to core processes, including human resources, IT support, and facilities management.
6 KB (870 words) - 15:53, 6 April 2024
...s. Reward power is often found in organizational settings, particularly in management and leadership roles.
...te others to achieve specific goals or objectives by providing incentives. It can be used to encourage positive behaviors, improve performance, and reinf
3 KB (476 words) - 18:50, 8 March 2024
...companies more efficient, this is contributing to overall sustainability. It also demonstrates the shift towards a circular economy.<ref>[https://disrup
...In the PaaS model, the company would purchase a certain number of welding operations, not the robot itself—in effect, paying for repetitions instead of robots
7 KB (988 words) - 22:17, 14 March 2024
...t. Since then, implementation design has become a key component of project management and strategic planning across a wide range of industries and organizations.
*[[Personnel Management]]
3 KB (420 words) - 18:44, 10 March 2024
Here's how it works:
...oversimplifies the relationship between tax rates and tax revenue and that it's difficult to determine the precise tax rate that maximizes revenue.
2 KB (305 words) - 22:34, 10 March 2024
...ity, or value of something such as an investment, program, or [[Process]]. It helps establish the value of investments, programs, and processes among oth
...in functionality, the effectiveness of investments, and the efficiency of operations. From evaluating new technologies to the value of investments, the status o
2 KB (225 words) - 11:03, 1 July 2023
...d effectiveness of service provisioning activities within an organization. It involves streamlining and optimizing the steps involved in delivering servi
...promptly, meet customer requirements, and align with business objectives. It optimizes the entire service provisioning lifecycle, from initial service r
6 KB (675 words) - 16:03, 8 March 2024
...SCALe)''' is a framework for designing and managing supply chain networks. It is a comprehensive approach that considers the full life cycle of a supply
...gement frameworks and tools, such as Lean, Six Sigma, and the Supply Chain Operations Reference (SCOR) model.
2 KB (226 words) - 16:46, 3 January 2023
...to the process of envisioning and working towards a desired future state. It involves creating a compelling vision of the future that "pulls" the organi
...ational and achievable, motivating individuals to work together to realize it.
3 KB (458 words) - 18:33, 8 March 2024
...ibility, scalability, and often cost-effectiveness compared to traditional IT delivery methods. They encompass a variety of approaches, each tailored to
...more on core business functions while ensuring expert handling of their IT operations.
7 KB (942 words) - 18:20, 23 April 2024
...ts and access rights. ILM is an essential component of identity and access management (IAM), and helps organizations to ensure that user identities and access ri
...s, and can improve the efficiency and effectiveness of identity and access management processes.
3 KB (485 words) - 18:42, 10 March 2024
...ials and information required to bring a product or service to a consumer. It involves creating a detailed diagram that illustrates every step involved i
...lead time (the total time to complete a process) and cycle time (the time it takes to complete one cycle of a process) to identify delays and areas for
7 KB (1,040 words) - 11:55, 30 March 2024
...Availability Management, IT Service Continuity, Information and [[Security Management]], and others.
...n Management]], and Technical Management ([[ITIL Service Operation|Service Operations]]).
9 KB (1,326 words) - 22:12, 27 January 2023
...tatements of an organization accurately represent its financial status and operations in accordance with the relevant accounting principles and standards.
*Stakeholder Confidence: It reassures investors, creditors, and other stakeholders of the reliability o
7 KB (975 words) - 15:45, 7 March 2024
...ng, is a framework developed by Bengt-Arne Vedin, a Swedish innovation and management expert. The model focuses on the relationship between [[innovation]] and le
*[[IT Strategy (Information Technology Strategy)]]
4 KB (498 words) - 17:02, 11 March 2024
#Complexity: The integration and management of multiple network types, technologies, and protocols can be complex, requ
*[[IT Strategy (Information Technology Strategy)]]
4 KB (477 words) - 19:46, 8 March 2024
...roject level. Its use should always be proportionate to the level at which it is being applied as well as the cost and risk associated with the investmen
It requires consideration of:
6 KB (872 words) - 17:34, 8 March 2024
...ing option in the value network model (VNM) (Stabell and Fjeldstad, 1998). It deals with firm-level differences in terms of value creation and offers an
...ure, companies are better equipped to make informed decisions about future operations.
2 KB (305 words) - 23:34, 6 December 2022
...Deming cycle, is a continuous improvement methodology used in business and management to optimize processes, products, or services. The cycle consists of four it
...ying a problem or an area for improvement and developing a plan to address it. This may include setting objectives, defining key performance indicators (
3 KB (459 words) - 15:37, 8 March 2024
...bject Management Group (OMG) standard for model-driven engineering (MDE). It provides a language-independent framework for defining and manipulating met
...rm-independent manner. It plays a key role in model-driven engineering, as it supports:
4 KB (486 words) - 16:57, 11 March 2024
== Business Value of Information Technology (IT) ==
...ptimize processes, improve efficiency, and drive innovation. By leveraging IT effectively, organizations can create and maintain a competitive advantage
8 KB (996 words) - 18:36, 1 March 2024
...d structures that support the organization's mission activities, including management systems, communication channels, and decision-making processes.
*[[IT Strategy (Information Technology Strategy)]]
4 KB (444 words) - 17:11, 11 March 2024
...segment is responsible for monitoring and maintaining the GPS satellites. It consists of a network of ground-based tracking and control stations that mo
...que called trilateration to determine their location by measuring the time it takes for the satellite signals to reach the receiver. By obtaining signals
3 KB (449 words) - 18:35, 8 March 2024
...Group Capacitation is a term used in organizational development and change management to describe a process of engaging large groups of individuals in the change
...hese cases, large groups of individuals may be impacted by the change, and it is important to engage them in the process to ensure buy-in and ownership.
3 KB (359 words) - 22:34, 10 March 2024
...customer experiences. The technology is also used to automate supply chain management, customer service, and other business-critical functions.
...hnology to perform a repetitive task that is usually performed by a human. It involves replacing manual tasks with machines or computers to save time and
6 KB (796 words) - 07:38, 26 April 2023
...mponents and activities work together to facilitate value creation through IT-enabled services. The SVS was introduced in ITIL 4, the latest version of t
...mstances, regardless of changes in its goals, strategies, type of work, or management structure.
4 KB (485 words) - 18:41, 10 March 2024
...cts or initiatives undertaken by an organization affect all aspects of its operations and well-being. A successful project, for example, can add a key capability
*Positive or negative: results work in favor of the business or against it
8 KB (1,162 words) - 21:48, 4 March 2024
...adapt quickly to market changes, predict future trends, and optimize their operations.
...systems typically feature more intuitive, user-friendly interfaces, making it easier for employees to access and interact with the system.
4 KB (511 words) - 22:06, 10 March 2024
...ning]], [[BCG Matrix]], [[McKinsey Matrix]], beside performing a review of management literature on corporate planning.
...oach to formal strategic planning and underlined under which circumstances it might work well. The five process steps are:
8 KB (1,083 words) - 15:13, 17 July 2023
...and culture. These organizations reinvest any surplus revenues from their operations into their mission-driven activities rather than distributing them as profi
...ng consistent and reliable sources of funding to maintain and expand their operations.
8 KB (980 words) - 13:51, 13 March 2024
...focus on a period of one to three years and are developed by middle-level management to support the broader goals and vision of the organization.
...lear roadmap for implementing the strategic plan at the operational level. It translates strategic objectives into actionable tasks, assigns responsibili
5 KB (753 words) - 21:37, 7 April 2023
...nd later implemented by Microsoft in its Windows operating systems, making it widely used in many business environments.
...nters, and supports session establishment, data transmission, and resource management.
3 KB (480 words) - 18:02, 8 March 2024
...o another. Data migration is a critical process for many organizations, as it enables them to upgrade their technology or software, consolidate data from
...the efficiency and accessibility of data by consolidating and centralizing it in a single location. Data migration can also help organizations to improve
3 KB (529 words) - 19:39, 5 September 2023
...leaders who can replace old leaders when they leave, retire, or pass away. It ensures that businesses continue to operate efficiently without interruptio
*Monitoring and Reviewing: Regularly reviewing the succession plan to ensure it remains aligned with the organization’s goals and adapts to any changes w
7 KB (976 words) - 10:14, 4 April 2024
...the buyer. Reverse auctions are often used in procurement and supply chain management to source goods or services at competitive prices.
*[[IT Strategy (Information Technology Strategy)]]
3 KB (466 words) - 18:49, 8 March 2024
...nding the network, businesses can identify opportunities to optimize their operations, reduce costs, and increase customer value. VNA takes a broader perspective
...nables businesses to identify and leverage opportunities to optimize their operations, enhance collaboration, and ultimately create more value for their customer
16 KB (2,349 words) - 21:10, 21 March 2023
...arket index or benchmark. When a stock is given a "market perform" rating, it is expected to perform in line with the overall market or industry average
...de investors with a neutral evaluation of a stock's potential performance. It suggests that the stock may neither outperform nor underperform the market
3 KB (516 words) - 16:45, 11 March 2024
...ted and effectively utilized to support business objectives. <ref>Defining IT Implementation [https://en.wikipedia.org/wiki/Implementation Wikipedia]</re
...nfiguration, system integration, data migration, user training, and change management. The ultimate goal is to enable the organization to leverage technology eff
5 KB (653 words) - 21:37, 26 June 2023
...nd interpret market trends, customer needs, and the competitive landscape. It involves continuously gathering and analyzing data to inform decision-makin
...is particularly important in fast-changing or highly competitive markets. It helps organizations to stay attuned to customer needs and market trends, an
2 KB (303 words) - 22:15, 10 March 2024
...g and inventory control system used to manage [[manufacturing]] processes. It ensures that the right materials and resources are available at the right t
...rers can make more informed decisions about production planning, inventory management, and resource allocation.
4 KB (471 words) - 16:50, 11 March 2024
...omer trust and loyalty, improved search engine rankings, and better crisis management during negative events.
*[[IT Strategy (Information Technology Strategy)]]
3 KB (465 words) - 18:14, 11 March 2024
While hedging can be an effective risk management strategy, it also comes with some potential downsides:
#Limited gains: While hedging can protect against potential losses, it can also limit potential gains. If the market moves in the investor's favor
3 KB (494 words) - 18:08, 8 March 2024
...olled by an individual, company, or organization with the expectation that it will provide future benefit or generate future income. Assets can be tangib
...dit, providing businesses with access to additional funding for expansion, operations, or other purposes.
3 KB (394 words) - 16:14, 17 July 2023
...led at navigating various cultural norms, values, and expectations, making it possible to unite team members around common goals despite their diverse pe
*Facilitating Global Operations: Essential for organizations operating in multiple countries, helping them
6 KB (771 words) - 16:26, 23 April 2024
...utions must combine the capabilities of deployment automation, environment management and modeling, and release coordination.<ref>[https://en.wikipedia.org/wiki/
...and reliable software releases by bridging the gap between development and operations teams.
3 KB (428 words) - 17:21, 21 August 2023
...on of business processes, supporting compliance requirements and knowledge management.
While EPC is a powerful and widely-used business process modeling technique, it has some limitations, such as the lack of support for representing complex
4 KB (495 words) - 15:35, 8 March 2024
...rovided by a consultancy firm or the software developed by a tech company. It is a critical measure of productivity and efficiency, reflecting the end re
...of the production process, the quality of inputs, and the effectiveness of management strategies.
8 KB (1,006 words) - 21:11, 10 April 2024
...omic capital is calculated based on risk factors specific to the company's operations, including market, credit, operational, and other types of financial risk.
*Risk Management: To quantify a company's potential risks and ensure that it holds sufficient capital to cover these risks.
5 KB (730 words) - 17:27, 8 May 2024
== Definition of IT Operating Model ==
...on of people, processes, and infrastructure used to conduct the day-to-day operations of an organization.
14 KB (1,997 words) - 22:47, 30 August 2023
Overall, Linked Data is an important approach to data management and sharing that can enable new insights and applications by creating a mor
*[[Personnel Management]]
3 KB (399 words) - 22:39, 10 March 2024
...y, it refers to a request for information or action. In computing and data management, a query is commonly understood as a precise request for information retrie
...ed to retrieve information that matches specific criteria from a database. It allows users to filter, sort, and access the precise data needed from large
7 KB (1,092 words) - 16:20, 23 April 2024
...g API for sending and receiving messages between distributed applications. It is part of the Java Enterprise Edition (EE) platform and provides a common
...s supported by a wide range of messaging brokers and middleware platforms. It provides a flexible and reliable way to send and receive messages between d
2 KB (318 words) - 22:18, 10 March 2024
...veloping a set of open standards and modular components, OKI aimed to make it easier for institutions to create, customize, and share educational applica
...teroperability between different educational software applications, making it easier for institutions to integrate and customize their systems.
4 KB (526 words) - 18:16, 11 March 2024
...stems and network infrastructure. Tracking of IT assets within an IT Asset Management system can be crucial to the operational or financial success of an enterpr
...eria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. Hardware]breaks down. Software becomes obsolete.
8 KB (1,221 words) - 16:09, 21 April 2023
...s or services to a customer. It is a crucial step in the sales process, as it serves as a record of the transaction and provides important information to
...services being sold, the price, the payment terms, and the delivery date. It may also include any special instructions or notes related to the sale. The
3 KB (444 words) - 19:57, 19 April 2023
...on mathematics and psychology. Developed by Thomas L. Saaty in the 1970s, it involves decomposing a decision problem into a hierarchy of more easily com
*Facilitate Group Decision Making: It combines individual opinions to reach a consensus, particularly useful in g
6 KB (743 words) - 19:25, 8 May 2024
...st current alternatives analysis if applicable.<ref>Definition - What Does IT Investment Mean? [https://www.lawinsider.com/dictionary/information-techno
...technology is a necessity for any business to survive, it’s how you spend it that ultimately matters. Here are the three philosophies of information tec
4 KB (606 words) - 11:27, 20 January 2023
== What is IT Transformation? ==
...anization's technology landscape and how it uses technology to support its operations and achieve its business objectives.
8 KB (1,112 words) - 18:50, 30 August 2023
...between SAP and non-SAP applications, supporting a wide range of business operations such as sales, finance, human resources, and logistics. They are defined as
...rite access to the SAP database, allowing external applications to perform operations like retrieving customer information or updating order statuses.
8 KB (1,032 words) - 00:07, 28 March 2024
...ogies into an organization's existing [[IT Infrastructure]] and processes. It involves connecting the organization's on-premises systems, applications, a
#[[Data Integration]]: This involves integrating cloud-based data storage and management systems with the organization's on-premises data systems, in order to enabl
2 KB (226 words) - 14:11, 25 July 2023
...various domains, including business, economics, healthcare, environmental management, and public policy.
MCDA is important because it:
4 KB (513 words) - 17:31, 11 March 2024
...re responsibility for strategic planning, decision-making, and performance management. In healthcare, jobs may be designed to include more responsibility for pat
*[[Personnel Management]]
3 KB (446 words) - 22:19, 10 March 2024
...for companies that outsource various aspects of their operations, such as IT, human resources, or business processes, to third-party providers.
...is still primarily reactive, with limited strategic planning or proactive management of outsourcing relationships.
3 KB (427 words) - 14:18, 26 August 2023
...atterns intended to guide enterprises in scaling lean and agile practices. It is a freely available online knowledge base that allows for understanding a
...livery from multiple agile teams to deliver complex solutions effectively. It is designed to help businesses continuously and more efficiently deliver va
3 KB (495 words) - 18:12, 8 March 2024
...ffers. Service lifecycle helps to improve the [[Service Management|service management]] technique by using five processes to achieve better [[business]] performa
...e Strategy]] - SS: to understand the company's [[strategy]] and define how IT services will meet the strategic objectives of the organization;
14 KB (2,120 words) - 12:35, 9 March 2024
== What is Security Event Management (SEM)? ==
...ents, and analysis of security-related data from various sources within an IT environment. SEM tools are designed to provide organizations with immediate
7 KB (950 words) - 12:38, 22 March 2024
...core concept revolves around providing a structured approach to IT Service Management, drawing upon established frameworks and standards such as ITIL (Informatio
...rs a structured approach to designing, delivering, managing, and improving IT services that meet business objectives.
8 KB (1,115 words) - 11:39, 8 March 2024
...lex and larger structures. This organization enables better understanding, management, and processing of data within information systems. The data hierarchy typi
...abases, and are typically organized into folders or directories for easier management and retrieval.
3 KB (499 words) - 15:20, 26 August 2023
...so known as the Internal Audit or Internal Analysis Matrix, is a strategic management tool used to evaluate an organization's internal strengths and weaknesses.
...ess. Since then, the IFE Matrix has become a widely used tool in strategic management, and is used by organizations of all sizes and in all industries.
3 KB (484 words) - 18:42, 10 March 2024
...in its mission activities, demonstrating effective resource allocation and management.
Mission value is important for organizations because it:
4 KB (512 words) - 17:12, 11 March 2024
...C firms receive equity in the company and often take an active role in the management and growth of the company.
...th high growth potential. Venture capital firms take an active role in the management and growth of the companies in which they invest, providing guidance on eve
5 KB (678 words) - 16:13, 8 March 2024
...s, including personal development, team building, and leadership training. It is often used in group settings, where participants are asked to provide fe
*[[Personnel Management]]
3 KB (381 words) - 22:20, 10 March 2024
...developed in accordance with its requirements and specifications, and that it meets the needs of its intended users. The IV&V process involves an indepen
...andards and best practices, and a commitment to quality assurance and risk management throughout the development process.
3 KB (418 words) - 18:47, 10 March 2024
...are usually independent directors who are not part of the company's daily operations, providing an objective oversight function. They work closely with internal
*Risk Management: Assisting in identifying and managing financial and operational risks, inc
7 KB (936 words) - 15:46, 7 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (340 words) - 22:37, 10 March 2024
Multitasking behavior is adopted by individuals who believe it can help them accomplish more tasks in a shorter period or handle competing
*'''Time management:''' By engaging in multiple tasks at once, individuals may feel they are us
4 KB (510 words) - 17:32, 11 March 2024
...economic model, and it's deeply rooted in global manufacturing and trade. It relies on the easy availability and accessibility of raw materials for prod
...the linear economy has been the backbone of global commerce for centuries. It has driven economic growth and development, but also has led to increased w
3 KB (393 words) - 22:39, 10 March 2024
...rs and investors to evaluate a company's financial performance and compare it with its competitors. The term "margin" can have a few different meanings d
...ability, as it shows that a business is able to generate more revenue than it spends on producing its goods or services.
4 KB (581 words) - 11:28, 12 January 2023
*Encapsulating Requests: Hiding the details of operations performed and the communication mechanism.
...in a separate object. This pattern allows for parameterizing objects with operations, queuing requests, and implementing various communication schemas between o
5 KB (756 words) - 14:52, 8 May 2024
...vide facilities for [[cryptography]], certificate management, trust policy management, and key recovery.<ref>Definition - What Does Common Data Security Architec
...applications. Security services, such as cryptography and other public key operations, are available through a dynamically extensible interface to a set of plug-
6 KB (825 words) - 15:15, 9 May 2024
...have turned to the internet and other electronic networks to conduct their operations. With the rise of e-commerce, online banking, and other digital services, b
...er electronic networks, leveraging the power of the internet to streamline operations and provide a better user experience.
7 KB (1,026 words) - 17:31, 27 March 2024
...ization, processes, information, and resources that make up an enterprise. It seeks to provide a structured and systematic approach to modeling and under
...ommunication, and facilitate collaboration between different stakeholders. It aims to provide a common language and framework for describing and analyzin
4 KB (565 words) - 14:13, 8 March 2024
...for the organization]].<ref>What is Information Technology Management (IT Management)? [https://www.omicsonline.org/information-technology-software-engineering.
.... So, IT Governance provides [[leadership]] or sets the direction while IT Management provides operational capability or executes on the direction. Increasingly,
12 KB (1,884 words) - 18:33, 30 August 2023
== What is Thompson and Strickland's Strategic Management Model? ==
...land's strategic management model''' is a systematic approach to strategic management that involves analyzing the organization's internal and external environmen
4 KB (521 words) - 15:45, 22 March 2024
...lex business processes involving interactions among multiple web services. It helps organizations automate business processes, improve efficiency, and pr
...plays a vital role in the development and integration of web services, as it provides a standardized language for defining and orchestrating the interac
6 KB (756 words) - 14:28, 7 April 2023
...to help make informed decisions about pricing, sales volume, and inventory management. A high gross profit percentage indicates that a company is generating a si
...over time, companies can make informed decisions about pricing, inventory management, and other strategic factors that impact profitability.
3 KB (435 words) - 09:50, 21 July 2023
...esource management and has a significant impact on a company's success, as it ensures that the right people with the right skills and experience are brou
Recruiting is essential for an organization because it directly impacts the quality of its workforce, which in turn affects the co
4 KB (508 words) - 15:53, 8 March 2024
...ese models and integrate the principles and practice with their day-to-day operations thereby achieving the benefits business excellence brings.<ref>Definition o
...nagement_System_(QMS)|Quality Management Systems (QMSs)]], [[Total Quality Management (TQM)]] and [[Benchmarking|Performance Benchmarking]]. All of these major
9 KB (1,185 words) - 20:46, 4 March 2024
...ransomware, and other types of harmful software that can disrupt computer operations, gather sensitive information, or gain unauthorized access to computer syst
...y can't do damage, giving the user the option to delete or recover them if it's a false positive.
3 KB (460 words) - 14:26, 1 September 2023
...ed to a wide range of contexts, including scientific research, information management, and e-commerce.
*[[Personnel Management]]
3 KB (406 words) - 22:33, 10 March 2024
...ality trait is important, there will be a word in the language to describe it.
*[[Personnel Management]]
3 KB (369 words) - 22:38, 10 March 2024
...[[Information and Communications Technology (ICT)|information technology (IT) and telecommunications]] support to other government departments and publi
...and offered support and advice on the planning, implementing, and managing IT and telecommunications systems.
4 KB (560 words) - 17:39, 7 April 2023
...he requested interface, it returns a pointer to that interface; otherwise, it returns an error code. This enables clients to discover and use the feature
...COM object or one of its interfaces, it must call AddRef to indicate that it is holding a reference to the object.
4 KB (502 words) - 18:41, 10 March 2024
...to data, enabling organizations to make data-driven decisions, streamline operations, and gain valuable insights. DDPs are particularly useful in environments w
*'''[[Data Processing]]''': Once the data is collected, DDPs process it to ensure its accuracy, consistency, and relevancy. This may include data c
3 KB (460 words) - 14:47, 26 August 2023
...nding the HR function. The goal is to ensure that an organization's people operations are aligned with its business strategy.
The human resources department is important because it helps an organization run smoothly and efficiently by managing its workforc
10 KB (1,513 words) - 21:08, 3 January 2023
...s well. In fact, many people often take their old applications and upgrade it from time to time. Definitely, part of technological advancement include mo
...e care of these tasks easily. Not only will it speed the productive cycle, it will also cut costs considerably.
9 KB (1,205 words) - 20:02, 27 March 2024
'''Strategic Leadership''' is a management approach adopted by leaders who influence, inspire, and guide others to ach
...tion's long-term success while maintaining short-term financial stability. It combines strategic planning, decision-making, and leadership elements to gu
8 KB (958 words) - 17:05, 26 March 2024
...ping and iterative development to quickly deliver functional applications. It is particularly useful when there is a need to develop software within a sh
...ntify and fix any issues or bugs. Once the application is deemed complete, it is integrated with other systems, if required.
4 KB (548 words) - 16:01, 8 March 2024
...to ensure they operate at optimal efficiency and within specified limits. It involves the continuous adjustment of process variables (such as temperatur
...Control): Involves continuously measuring the process variable, comparing it to the setpoint, and making adjustments based on feedback to minimize the d
7 KB (992 words) - 19:22, 26 March 2024
...se services can include tax advisory, consulting, financial planning, risk management, and other advisory services. While non-audit services can offer significan
...s can help improve business performance through strategic consulting, risk management, and optimization of tax strategies.
7 KB (950 words) - 15:28, 7 March 2024
...ed with the goods being transported transfer from the seller to the buyer. It is one of the Incoterms (International Commercial Terms) established by the
The concept of FOB dates back to the 18th century in British maritime law. It was later adopted and standardized by the ICC through the creation of Incot
4 KB (582 words) - 17:52, 8 March 2024
...n approach designed to help organizations redesign their existing business operations to accomplish significant improvement in production. Effective BPI helps to
...endations. As process improvement can be time and resource-intensive upper-management support is a must.
3 KB (499 words) - 08:25, 26 April 2023
...sis also helps businesses analyze the impact of technology trends on their operations, as well as monitor changing customer needs and preferences.
...businesses can gain insights into how these aspects might influence their operations. By understanding these elements of external environment, companies can dev
8 KB (1,117 words) - 21:21, 14 December 2022
...'' is a framework for understanding and managing security risks over time. It was developed by the National Institute of Standards and Technology (NIST)
...curity is based on the idea that security risks change over time, and that it is important to consider not only the current level of risk, but also how t
2 KB (280 words) - 11:49, 7 January 2023
...ement that emphasizes the incremental and iterative progress of a project. It involves breaking down a project into smaller, manageable parts called iter
Iterative Development is important because it:
6 KB (814 words) - 15:55, 8 March 2024
...igher value-adding ones, leading to increased efficiency and productivity. It also helps organizations create standardized procedures that can be applied
...an effective tool for businesses to increase transparency and efficiency. It involves visually representing how tasks and processes are completed, helpi
8 KB (1,210 words) - 16:19, 12 December 2022
#Performance management: High-performance workplaces implement systems that set clear goals, measur
*[[IT Strategy (Information Technology Strategy)]]
4 KB (493 words) - 19:52, 8 March 2024
...ation can get maximum benefit from all the other frameworks and standards (IT governance, n.d.).
...dealt by board, middle layer – executive management and the outer layer – IT practitioners (Calder, 2008).
2 KB (279 words) - 19:36, 10 August 2023
...ardware. Low-level languages are characterized by their ability to perform operations at a very granular level, offering significant control over hardware resour
...age, assembly language uses symbolic instructions (mnemonics) to represent operations and storage locations. Assembly language is specific to a computer's archit
6 KB (764 words) - 12:44, 7 April 2024
...institutions often provide training and support in areas such as financial management, business planning, and marketing, helping borrowers make the most of their
*Microcredit alone may not be sufficient to lift people out of poverty, as it must be accompanied by other support services and broader economic developm
4 KB (552 words) - 15:46, 8 March 2024
...order to improve their efficiency, effectiveness, and overall performance. It involves using a variety of data analysis techniques and tools to understan
*How long does it take to complete a particular process?
5 KB (638 words) - 18:50, 26 March 2024
...h as Lean, Six Sigma, Total Quality Management (TQM), and Business Process Management (BPM).
...izational performance by providing a framework for continuous improvement. It involves the systematic analysis and optimization of business processes to
3 KB (437 words) - 18:57, 21 April 2023
..., typically built using spreadsheets, software, or other analytical tools. It is used to analyze and forecast a company's financial situation, identify t
...te a company's actual financial performance against its forecasts, helping management identify areas for improvement and adjust strategies accordingly.
7 KB (910 words) - 02:21, 19 April 2023
...figuration or interactive configuration tools. It allows developers and IT operations teams to automatically manage, monitor, and provision resources in a cloud
...utomates the provisioning of infrastructure, drastically reducing the time it takes to deploy new applications or updates.
5 KB (743 words) - 22:21, 7 April 2024
...fshore Development Model is a specific approach to software development or IT-related tasks, where a company outsources a significant portion of its work
...arger pool of skilled professionals, particularly in countries with strong IT industries.
4 KB (583 words) - 18:27, 8 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (338 words) - 18:47, 10 March 2024
...g, improved data consistency, and reduced manual intervention for database management.
...n:''' Active databases reduce the need for manual intervention in database management by automating tasks, such as data transformation, aggregation, or cleanup,
3 KB (465 words) - 22:10, 7 April 2023
....S. companies that have implemented successful quality management systems. It is presented annually by the President of the United States to [[Organizati
...offer a free Baldrige-based self-assessment of cyber security operations. It may be found at ManageHub
3 KB (417 words) - 13:57, 6 February 2021
...ed in generation of goods and services. Expressed usually as a percentage, it is computed by dividing the total capacity with the portion being utilized.
Capacity utilization is an important operational metric for businesses, and it's also a key economic indicator when applied to aggregate productive capaci
3 KB (344 words) - 19:20, 7 December 2022
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (377 words) - 22:39, 10 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (378 words) - 18:47, 10 March 2024
...ect value, creating a visual representation that aids in prioritizing risk management efforts.
The primary role of the VRM is to facilitate a balanced approach to risk management by evaluating the potential value gains against the risks involved. Its pur
5 KB (736 words) - 20:46, 8 May 2024
*'''Risk management:''' By diversifying suppliers, organizations can reduce the risk of supply
...delivery times. While multiple sourcing can provide significant benefits, it may also increase complexity and transaction costs.
4 KB (580 words) - 17:32, 11 March 2024
...uals to focus on specific tasks, gaining efficiency and expertise in them. It's a fundamental principle in organizational design, particularly in manufac
*IT and Software Development: In software development, work is often divided in
9 KB (1,200 words) - 21:08, 22 April 2024
...sis because they provide context and granularity to a firm and its primary operations. Investors can distinguish between long-term value stocks and short-term gr
...he new and innovative line of products to be offered to the target market. It helps in defining the types and nature of products that are liked and prefe
12 KB (1,791 words) - 17:57, 29 September 2021
...users, having equal upload and download speeds is essential for efficient operations, particularly with the increasing use of cloud services and remote work set
...er types of broadband internet, making them suitable for critical business operations.
6 KB (913 words) - 21:58, 6 March 2024
...defined [http://www.bestpricecomputers.co.uk/glossary/business-technology-management.htm BPC Glossary]</ref>
*Organization: Successful management processes are supported by a tight organizational structure based on respon
6 KB (779 words) - 19:43, 27 March 2024
...ness, process orchestration is the automated arrangement, coordination and management of complex processes and tasks that cross organizational boundaries.
...mples include: IBM Business Process Manager (BPM), Oracle Business Process Management (BPM), Pega 7 BPM, Appian BPM and TIBCO ActiveMatrix BusinessWorks.
12 KB (1,705 words) - 17:44, 12 December 2022
*Project Network and PERT Network Diagram: In project [[management]], the project network diagram is a simple flow chart representing the sequ
...This is a graphical representation of the social links that a person has. It is also known as sociometric chart that draws a social structure of interpe
4 KB (505 words) - 19:54, 8 July 2021
...s. Strategy implementation is a critical phase in strategic management, as it translates strategic thought into operational reality, determining the succ
*Change Management: Managing the change process to ensure smooth transition and adoption of ne
8 KB (1,014 words) - 15:42, 22 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (369 words) - 18:49, 10 March 2024
...e natural disasters, technological failures, or other types of challenges. It involves both the capacity of the organization to absorb and recover from s
...operate and achieve its goals, even in the face of unexpected disruptions. It is an increasingly important concept in a world that is facing a range of c
2 KB (307 words) - 10:47, 5 April 2023
What it means:<br />
...ces have an owner, a group, and permissions. Until you remove the resource it continues to exist. Unlike real disk-based files, semaphores, message queue
3 KB (394 words) - 22:15, 10 March 2024
*Event Handling: It can detect and react to user actions or other events, such as clicks, keypr
...callbacks, promises, and async/await, JavaScript can perform non-blocking operations, such as fetching data from a server.
5 KB (750 words) - 12:04, 7 April 2024
...uirements are documented during the service design phase of the IT service management lifecycle and form the basis for negotiating and drafting Service Level Agr
...service provider’s ability to recover from disasters and continue business operations.
7 KB (1,000 words) - 11:15, 7 April 2024
...rs to services that allow an organization to take care of their customers. It provides support for various business processes, which can include sales, m
...hannel environment the implementation of marketing strategies and campaign management is quite difficult and challenging. For example, some retailers have multic
7 KB (1,002 words) - 16:37, 2 January 2023
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (396 words) - 18:46, 10 March 2024
