Category Archives for Finance

Financial Terms for Managers (Part 1)

If you don’t have a financial background and have recently joined a publicly listed company, or have recently been made responsible for a business unit or profit and loss center, then you’re going to need a quick guide to get you up to speed on some of the terms you’re likely to encounter.The higher you […]

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Financial Training for Managers

I’m going to be covering financial topics more and more over the coming months here on EPM, as it’s something I believe every manager needs to be aware of. It never ceases to surprise me how many people I encounter in business who don’t understand anything about equities, annual accounts, and financial metrics. That strikes […]

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Overhead Costs & Overhead Value Analysis

All organizations are interested in finding opportunities to reduce overhead costs and Overhead Value Analysis (OVA) is one technique which can be used to achieve this. OVA focuses on a reduction in the overhead of horizontal costs (indirect costs) within an organization, such as facilities management and human resources. This is highlighted in the diagram […]

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An Introduction to Contract Types

Whether you’re managing a small project or a large complex program you need a basic understanding of the different types of contract you’re likely to encounter when buying from external organizations and 3rd parties. A contract is defined by Wikipedia as, “… an exchange of promises between two or more parties to do, or refrain from […]

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