Praveen David Jacob Learn, Oracle, primavera, project

Know Your S Curves

A project without ” S ” curves is a project without knowing what is going on. One of the most important tools to identify a status on any particular project is about deriving it’s S curve. It is important to achieve an S curve out of every project so that responsible people are aware about it’s performance. In today’s fast paced world getting work done on schedule and on time is paramount for every project managers .The reason why it is called an S curve is simply because while looking at the graph the shape of the line represented forms a S shape.

The shape of the curve is formed automatically with timely update on the project status. The bottom part of the curve signifies the project is just about to start. As and when the progress is made on the project it creates an upward slope which forms the middle part of the curve. It is during this period that the project team is heavily involved on working on the project and this is the point where major cost on the project is incurred. This area is the middle of the curve.

Once the project is due to complete, this forms the upper most part of the S curve where the work actually is almost complete and the growth of the curve begins to plateau. The most common use of S curve is to identify how well you have been doing against the Budget provided.

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Praveen David Jacob cloud, Data, Learn, Technology News

Petty Cash On Cloud – Version 1.1

Petty Cash remains an area of company finance that receives a small amount for running their daily expenses and therefore receives minimal attention, due to this it makes petty cash a high potential risk. An improperly managed petty cash could make the workplace susceptible to fraud and compliance breaches. Therefore, a system in place could help the business proactively manage risk and keep track of its small finances for daily business operations.

One of the major advantages about using petty cash system is the option to not count or touch physical money to know it’s balance availability at any time or even avoid the usage of cash counting machines. Petty cash can be released based on the balance availability in the system which at the end of the day should reconcile with your physical money present inside counter. Whenever cash is released in the system, balances are automatically updated on real time and the transaction is recorded against the user whoever has released cash along with the receiver’s name and department. This helps you keep track and maintain record for future management reporting and company audits. Also, when cash balances run low, system gives you the option to top up petty cash balances against each department in your organization so you can continue to disperse money based on the daily needs.

 Petty cash management security access control is in place so that only authorized users are given privilege for maintaining cash register, dispersing cash and uploading cash balances. This cloud-based management approach allows any number of petty cash accounts to be centrally managed and tracked on real time.

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