Customers expect quick financial services from their banks as conveniently as possible. A recent Deloitte research points out this trend as banks try to distinguish themselves from their competitors by offering better customer service and enhancing customer experience. Leveraging fintech solutions and digital transformation, many traditional financial organizations are increasingly adopting chat banking, one of the recent addition to the banking industry glossary.

Are you interested in finding the best software to manage corporate-level projects? Enterprise work management software is in great demand among teams that carry out their work remotely. Managing remote communication and collaboration, in addition to regular workflow, is made easier with programs designed specifically for project management. However, there are various characteristics to consider when searching for enterprise work management software to manage projects for increased productivity.

If you are new to project management, the multitude of diverse methods, such as the concept of agile vs scrum, may be too intimidating. After all, project managers are responsible for various tasks and activities regularly. For the projects they oversee, project managers are responsible for developing an effective project plan and any necessary backup plans. They are in charge of identifying and managing risks related to their projects.

As we all know, an economic crisis can strike at any time, just ask everyone dealing with the COVID-19 aftermath! And while it’s impossible to predict exactly which industries will be hit the hardest, some are more likely to feel the effects than others. But which industries are likely to be hit the hardest? We’ve compiled a list of the top industries that are most likely to be affected by an economic downturn.

The cost management plan summarizes the project’s cost estimation, resource allocation, and cost control for all project tasks. The project’s cost plan configuration is one of the most critical aspects of the project’s planning stage. It successfully functions as a support system that guarantees project expenditures are budgeted. According to Harvard Business Review, one in every six projects has a 200% cost overrun.

One of the most crucial aspects of any business these days is the art of mastering the performance management process. It aids in employee development, talent development, manager relationship improvement, and increased responsibility within the organization. That impact has a long-term effect on your business when multiplied by the entire staff.

I’m sure you’ve heard this before: teamwork makes the dream work. Doesn’t it have a subtle yet beautiful feel to it? As much as I like the tone of it, it’s also true. Good teamwork goes a long way for companies to achieve high levels of creativity, productivity, and engagement. But wait, what really makes teamwork come in play effectively? As I hear some drums roll in the background…it’s definitely effective team communication!