How to boost the Human Capital of the Organization?

Employees are the assets of any organization. Without human capital, an organization cannot sustain on a long scale or we can say the productivity of the organization is exceedingly depending on the employees through which they can get success. Employees in an organization, work according to their expertise which they get from learning, training, and experience. Such expertise makes them proficient in their work and benefits the organization by achieving the required task/goal. 

It is crucial to understand the importance of human capital in any organization. Organizations devote money to train their new employees so in return; they can work hard and assist to attain the organizational goal. But the motivation of employees is another important responsibility of the organization otherwise employees may lose their concentration from the organization which can reduce productivity at work. 

Here are some ways which can help to boost the human capital in any organization.

Train Frequently: 

Here is no doubt that the development of the organization depends on its employees. 

That’s why the recruitment of the right employee at the right place is a vital responsibility of human resource experts for the organization. In case of a mismatch for the required job can lead to a reduction in production as well as the waste of many other resources. It doesn’t mean that an organization can neglect fresh candidates for the job. It requires a suitable induction program that ought to be specially designed for new employees rather than boring manuals and static work roadmap. After that, the organization can provide its employees with frequent training which will help to upgrade their skills and help them to cope with upcoming challenges. 

Well-Defined Work Responsibilities: 

It must be defined to all employees that who are responsible for which work especially the key areas of the required task which should be defined according to the employees’ expertise otherwise it would only waste the time of both employee and organization with zero outcomes. The organization can also define milestones to keep everyone’s task on the track.

Monitor the Performance: 

The performance of the employees must be monitored by the managers or senior authorities of the specific department because it can increase the human capital. Performance can be monitored through employees’ weekly reports which are an easy and effective way to track the progress of employees. It will help the managers to keep updated along their employees as well as weekly feedback will assist them to identify the queries which employees face during their job performance so they could cope with that.

Communicate Directly:

The approach of Hitler cannot work in this era of corporate. No matter what is the position whether junior or senior, every employee should have the right to enter into the office of HOD (Head of Department) or manager to discuss any query or task. Direct communication is the bridge between problems and solutions among the employees and senior authorities. Every employee should allow giving his idea, suggestion, and feedback regarding any matter or project. It won’t only help to bring up new ideas but also create a sense of attachment in employees which will boost their confidence and motivate them.

Motivation: 

The motivation of employees is one of the important responsibilities of any organization to keep itself productive. It is the psychological fact, without the feeling of attachment no one can stay with you for a longer period. It is important to motivate the human workforce from time to time in various ways. It could be monthly meetings on employees’ general issues, appreciation in the form of incentives or awarding them as the Employee of the Month/ Organizations should not wait for the yearly promotions, small encouragements can give big rewards as well.

How to Start your Entrepreneurial Journey

An entrepreneur has to start from somewhere whether its a small business or it is an established one. It is sometimes hard to start a new business. It is considered a daunting task. There is a myriad issue an entrepreneur may face. It may be a legal issue, financial issue, human resource issue, a marketing issue, advertising issue, or product development issue, there might be a list of the endless issues. The new entrepreneurs are overwhelmed by all the information they are expected to know.

To start a new business you should come up with a unique name. The name has a significant impact on your business and your success. If you choose the wrong name it may lead to the insurmountable burden. You should avoid copyright names as well.

One of the most important and difficult things is to raise financing. One should understand it clearly. Raising financing for the startup of business will likely be more difficult than one can imagine. It takes a lot of efforts to convince the investors to invest in your company. It is never possible without advertising and showing benefits to the investors the company could offer in the future. So you need to avoid such things that put hurdles in your way.

Focus on building a great product is the first and foremost important thing in product development. The one thing that should be kept in mind is that, don’t take forever to launch the product. If your product is not great that not a problem it should be good at least. The product has to be different in a good way than your competitor’s offering. Never dawdle to take your product in the market on time because the customer review is important for the success of the business as it is the best way to improve the product.

For a successful business it is important to be continually attracting, building and even if necessary so educate the target market. You should make a strong marketing strategy. To have a strong market strategy make sure that you follow the following steps:

  • Promote your product on social media, this will help you to strengthen your relationship with the public.
  • You can take help from content marketing, it can be done by writing guest articles for some relevant websites.
  • Learn about the fundamentals of SEO, this will help your buyers that are searching for your product might find it on the top of the list.

Always be prepared for the big challenges. A successful company or business may face big challenges on its way to success. So, coming up with the best products would be the biggest challenge. So to have a successful business you should have a strong plan and vision. Make sure that you find the best employees for the business and placing the right man for the right job. You should work more than you expect. Never get discouraged when you face rejection from your customers.

Primavera plays an important role in growing your business. It helps you to know the worth of your business. Whether its product development, advertising, marketing or strategy making, primavera help you to win the competition in the market

Monetizing Your Website – Pros and Cons

Your site has a lot of traffic, great! Now you can use it to make money. However, monetizing a website is not something limited. There are so many options available and you have to choose the correct after understanding each method and adequately weighing its pros and cons. In this blog post, we have compiled the two methods and listed pros and cons of each to help your reach a decision accordingly and earn huge sums of money.

Affiliate Marketing:

This method involved advertising a paid good/service on your website and earning a specific percentage of the amount the company makes from each sale made using your website. To simply put, you get a commission if a buyer has purchased something using the link on your website. Find affiliate programs that suit you and generate income.

Affiliate marketing is beneficial in the sense that it generates a sufficient income because regular and new visitors of your website might find the product or service interesting. It is also easy to join since nothing technical is involved. The income generated is stable, provided that the products/services are updates every once in a while and revolve around the same area as your website.

Affiliate marketing also comes with some cons, as do most other ways of monetizing websites. Firstly, some research is required as to which product or service goes along with your website. For example, you cannot advertise something about cars on your blog about books. A better option would be something like a book shop offering discounts or having new sales. Secondly, you might lose visitors on your website if people do not find the products interesting enough and consider it a nuisance.  Thirdly, your website must have top quality traffic to be involved in affiliate marketing.

Membership Website:

This means you have to create a website that contains specialized content that can only be viewed by visitors who have a membership. Visitors that have not signed up for membership cannot view the content. While this method is one the best available out there, it involves a lot of time and effort.

The pros of building a membership website are that there is no intermediate aspect involved. You are free to set the annual or monthly membership rate as per your choices. You are also in direct cooperation and conversation with your visitors. The revenue collected by this method is far greater than any other provided that you have a good number of members subscribing for paid content. Moreover, members can get a suitable payment package.

Building a membership has a few but significant cons. There is a wide range of free content available on the internet. There’s nothing out there that is not on the internet. The question arises, then why should someone pay for your content? In this internet dominated world, theirs is a great pressure to produce content that stands out from the rest otherwise nobody would be convinced enough to sign up for membership. Only high quality content and efficient ways to gain customer’s trust can get you members. Additionally, you have to be prepared to deal with maintenance costs and invest a lot of time in your content.

How Outsourcing Adds Value to Your Business?

outsourcingBefore pursuing to the understanding of adding value to your business, first, we need to understand what is outsourcing.  According to our very own Wikipedia, this term refers to a practice used by different companies in which they transfer a portion of their work to different external companies, this is a cost effective way but the condition is, it should be used properly. The external sources or service providers ought to be Specialists in their related fields.

Leaders choose out-sourcing to enhance business value propositions to stake-holders.

The question arises how and why the need arises, some of the processes are temporary and the company does not intend to hire a professional for doing that task.

However, before that, it is necessary that you should think and study about all the advantages and disadvantages of giving the resources and time of your business to a third party vendor, which is indeed very critical for your business.

As every other strategy related to business, there are many pros and cons to outsourcing as well. If not done right, it can bring down your business and create a lot of unrest.

Famous outsourcing business streams may include,

Pros of outsourcing

  • Swiftness and expertise
  • Concentrating on core process
  • Risk sharing
  • Reduced operational costs
  • Reduced recruitment costs

Cons of outsourcing:

The disadvantages include:

  • Risk of exposure of confidential data
  • Hidden costs
  • Lack of customer focus

How it adds value to your business:

When outsourcing, making a strategy which is effective in lowering the cost is very important.

Project managers can help make one.  Considering this three part structure,

  1. Assess the current state
  2. Consider the “to be” state
  3. Consider the governance require to sustain the future state

Project managers can avoid some common pitfalls in their outsourcing projects:

  1. Add a legal team, consisting of procurement and legal outsourcing experts which will help you in making the agreements.
  2. If you have any senior leaders around you, invite them to your project, in this way you can steer the initiative this will also help align it to the business mission.
  3. Gather some leadership support from your seniors; they might help you abstain from committing some serious blunders.

The things that count should be on finger tips of a project manager while handling a process with outsourcing aspects. Leaders can capitalize business value by keeping the right things in mind and if the outsourcing is done with a defined end.

Just to get an idea, consider that Assessments can be made on few things, such as

  1. Associate labor costs
  2. Labor expertise
  3. Value and non value support services
  4. Baseline of operational measures and service levels.

Project managers can help in many ways make an outsourcing strategies that trigger capitalization.

Ways To Monetize Your Websites

Email Marketing

This is one of my favorite things to talk about because it’s just so powerful.

Building an email list can make you a lot of money, help you build a solid brand and of course help readers come back to your site, time after time.monetize-your-business

Email marketing can be seen to make you money in a few different ways, such as direct email promotions, to deliver free reports that are monetized and my favorite, to drive traffic back to your site where you make money from other methods.

Gone are the days of finding it hard to get people to subscribe to your website.
A few years ago, we added a lightbox popup to IncomeDiary. Over night, we went from getting 20+ subscribers a day to well over 100.

At the time, most websites hated the idea of using popups because of the negative association people have with them. But these popups are different. Instead of popping up in another browser window, they popup as part of the page you are on. It was a lot less intrusive. Even better, it wasn’t to promote something spammy, but rather something of value to the reader.

After seeing the massive results, we decided to develop our own software so that other website owners can experience the huge gains we have. We called it PopUp Domination.

Even after selling over 30,000 copies, big names in the industry still didn’t want to use it. They thought they knew better.

How to Get More E-mail Subscribers

A very important task faced by a person running some website is attracting maximum number of email subscribers. In this article we will tell you a very tricky and successful secret of attracting maximum email subscribers. The percentage can be around 60 to 70 percent.How-to-Grow-Email-Subscribers

Now, let us focus on getting subscribers.

The main problem faced is getting subscribers for same traffic. Here is a faster way of growing your E-mail, and that is by using POP-UP domination. Use of pop up domination is easy to use, high converting, mobile responsive and your subscriber list will explode with request in a matter of minutes.

There are two further things to be kept in mind. Pricing and Pop-up designs.

There are different websites in market that deliver services related to maximizing your email subscription via pop-up generation.

Services that are provides are enhancing. There are a number of ways of increasing the number of subscriptions. Savvy online marketers will tell you “the money’s in the list!” but that’s not entirely true. What they should be saying is that the money’s in the quality of the list, rather than the quantity of subscribers. Lists with a few hundred dedicated customers can outperform lists of 10,000 or more generic “freebie seekers” when you focus on building relationships instead of counting sales.

So how do you attract the right kind of people? How do you get interested visitors to become eager subscribers? Keep reading for 10 outstanding list building tips you can’t afford to miss.

PSGINCS.COM – A HOME FOR BEST SOLUTIONS

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We address complex system of system challenges through tools , techniques and knowledge based system thinking while also recognizing that future systems require new thinking in complex domains such as cyber security, health care , data analytics, banking, transportation , government and aerospace.

oracle’s primavera portfolio solution is robust, easy to manage.

it’s key features include:

1. flexible user interface

2. team member interfaces for stating work

3. streamlined enterprise reporting

4. integrated risk management

5. resource management and optimization of views

6. workflow engine to automate business processes

the key benefits include:

1. unite project teams and stakeholders through collaboration and strong feedback methods

2. reduce the risk of costs and schedule overruns

3. optimize management of all resources

4. monitor and visualize project performance vs plans

5. confidently make and keep project commitments.

RESOURCE MANAGEMENT – MATCHING PEOPLE WITH PROJECTS:

Support both top down and bottom up resource request and staffing processes . primavera P6 EPPM makes it a lot easier for projects and resource managers to communicate their requirements and decision throughout a project’s life cycle. By providing a graphical analysis of resource and role utilization . PRIMAVERA P6 EPPM helps project team manages resources in dynamic environments.

This allows managers to see where resources are being used across all programs and projects as well as their forecasted future use . because all information is located is localized and centralized system. resource conflicts become apparent to project and resource managers , eliminating un expected delays and unforeseen resource limitations . in result of this, there is greater visibility into resource demand and capacity means maximized resource use.

BUISNESS VALUE:

Oracle’s primavera P6 ENTERPRISE PORTFOLIO ENTERPRISE MANAGEMENT SOLUTION helps organizations complete projects on time and with in budget by enabling them to prioritize plan, manage and evaluate projects, programs and portfolios across the enterprise.

ENSURE PROJECT DELIVERY SUCCESS FOR ALL YOUR PROJECTS AND PROGRAMS:

Primavera P6 EPPM is an integrated portfolio management application that includes role based functionality to match each team members’s needs and responsibilities. It provides executives with a real time view of their

organization’s project performance equips project participants with the right blend of usability , power and flexibility to effectively execute projects and enable workers across all levels of organization to analyze, record and communicate reliable information and make timely decisions.

primavera P6 EPPM can easily scale from a single user on a small project to tens of thousands of users engaged in millions of activities across hundreds of projects . the solution is built on a robust and proven standards based java architecture and is designed to deliver high performance with tight security , flexible integration and real time reporting including the analytics.

PORTFOLIO AND PROGRAM MANAGEMENT – PRIORITIZING PROJECTS AND OPTIMIZING ORGANIZATIONAL CAPACITY: 

With primavera P6 EPPM project managers can be confident that their projects and programs are aligned with company’s strategic goals and objectives that are in line.

by providing a consistent overview and analysis of the portfolio and program as projects are added and removed , this module enables project managers to manage incoming demand and select just the right balance.

Benefits and Drawbacks of Email Marketing

In this article we are discussing how to earn through websites, major different steps with its benefits and drawbacks would be discussed, this is the fourth article to his series, which discusses the drawbacks and benefits of email marketing.

How-to-Grow-Email-Subscribers

In order to start collecting emails, you need to sign up for Aweber which hosts your emails, allows you to send messages to them, create follow up campaigns, split test etc.

Personally I would say you should also pick up Popup Domination, because it’s the best thing for email marketing. About 85% of my subscribers sign up via it, 10% from my squeeze page and 5% from other options. Over half of all people that use the internet use and send email every day. Email marketing can be an economical and highly effective way to get your business on the map. Here is why email marketing can be a successful addition to your marketing needs.

It’s easy and it’s simple. Anyone can do it anytime using simple tools. This method allows you to use the mailing list which gives you the ability to distribute information to a wide range of specific, potential clients at a low cost to you.

Benefits:

Very direct way to market.

One email can make you thousands.

Anyone can do it.

Considered by most to be the no1 way to make money online consistently.

Drawbacks:

Always require new leads.

If subscribers don’t like your emails, they will unsubscribe.

Prescient Solutions Goup

Primavera Unifier And Primavera uDesigner Experience

The topic which would be covered in this article would be the use and importance of a unifier. PSG’S unifier consultants can assist in various programs and activities which include training, implementing and process modeling using Primavera unifier and primavera uDesigner experience. Which was formally known as skire.

Contact us today to discuss your implementation and oracle cloud deployment etc. it would surely be the best solution for your training needs.

When getting started, there are some important introductions to be made:

Oracle primavera unifier deployable on premise or hosted.

  1. Primavera unifier (on premise):

Traditional software licenses that you install in your own environment.

  1. Primavera unifier cloud service (hosted):

A cloud service hosted and managed by oracle on oracle’s servers.

Primavera unifier is made up of five separately licensed modules:

Primavera unifier capital planning

Primavera unifier project delivery management

Primavera unifier cost controls

Primavera unifier facility managements

Primavera unifier facility management

Primavera Unifier for Cost Control

Managing costs on a project by looking in the rear view mirror makes project controls a nearly impossible task. Yet, that is how many of today’s capital projects are managed, whether done using spreadsheets, an ERP system or an internally developed solution. Being able to see pending costs in real-time with the ability to see all of the underlying and related causes, including the critical engineering information for immediate analysis, is the only way to ensure proper cost control.

Unifier’s Cost Manager solves these problems and more. Whether you are executing multi-year capital programs, managing the construction of a single new facility, or managing a portfolio of IT projects, the Cost Manager delivers real-time visibility into the financial status of your projects or programs. All financial data — funding, budgets, commitments, appropriations, expenditures, etc. — are available in the cost sheet. You will have full confidence in the accuracy and timeliness of your forecasts, estimates and budget control.

The cost sheets employ a familiar spreadsheet-like interface, which can be tailored to match your existing standards. Define your own break- down structure, column definitions, formulas and labels. Drill down to individual records and transactions, even line items, from any source data, including critical engineering information and workflow history. Supplement the cost sheet with supporting worksheets and work packages.

As you would expect from Unifier’s integrated solutions, the cost manager works seamlessly with the funding manager, schedule manager, cash flow engine, portfolio manager, business processes, earned value calculations, resource manager, project gates and more. Unifier’s overall Cost Manager solution also includes fully configurable schedule of values and Payment Application support.

Primavera Unifier for Document Management & Collaboration

Having the most current documents readily available to all project participants is critical to driving efficiency and reducing errors and omissions on projects. A robust audit trail of document changes reduces tension across project participants, decreases the risk of change orders and claims, and helps drive on-schedule and on-budget performance.

The Document Manager is part of Unifier’s secure, web-based architecture, allowing superior local or worldwide collaboration between project team members or across the organization.

Primavera Real Estate Management World-Class Real Estate Management

Primavera Real Estate Management provides comprehensive tools for planning, tracking, and managing your real estate portfolio. Make strategic decisions effectively and accurately for leased and owned properties. Rules and compliance requirements are kept up to date for easy lease management. Primavera Real Estate Management is part of the integrated Primavera Unifier offering.

Overview of primavera real estate management-a world class approach:

  • Comprehensive management and tracking of leased and owned properties across an entire real estate portfolio
  • Support for landlord and tenant lease types to allow tracking of expenses and income separately
  • Automated tracking of costs and expenses by department, space, or payees
  • Create and track lease payments automatically and roll up information to each facility’s cost worksheet or across your real estate portfolio
  • Manage critical dates and allow Unifier to notify you of upcoming lease dates that require your attention
  • Utilize flexible workflows to route, review, and approve common real estate transactions such as site selection and acquisition, dispositions, new lease initiation, subleasing, lease termination, and more

Features and benefits include:

  • Lease management
    • Flexible, configurable lease management capabilities to support tenant and landlord lease types
    • Automate payment requests and tracking of costs and expenses, associate lease payments with designated cost codes, and roll up to the facility’s cost worksheet
    • Track lease payment terms, contacts, key dates, clauses, tenant improvement allowances, security deposits, and more
    • Straight line rent calculation
    • Automate notifications and alerts for critical dates
    • Ability to support rent roll reports for a single property or across the portfolio

·         Document management

    • Leverage a robust audit trail of document changes to reduce tension across team members
    • The system ensures that all members of your team are always working on the most current document versions

·         Portfolio management

    • Set up and manage portfolio by region, property, site, or any other structure that suites your business organizational hierarchy
    • Full visibility into all real estate information across the entire portfolio with drill-down capabilities
    • Real-time portfolio data through visual dashboards help track performance against business objectives
    • Single, integrated, real estate and facility lifecycle management solution lets you view, compare, and report information for a single property or across your entire real estate portfolio—all in real time

·         Transaction management

    • Initiate and track strategic transactions, such as site/property acquisitions, dispositions, lease initiations and renewals, subleasing, terminations, and more
    • Automate management of scope, tasks, and deadlines through Primavera Unifier’s business process workflows
    • Complex transactions can be configured to handle scope, schedules, costs, documents, and related due diligence processes
    • Ability to configure the solution for tracking other real estate transactions, such as commission tracking processes and reporting

Conclusive discussion:

Use portfolio property KPI’S and dash boards for quality management

Set up and manage complex lease agreements for both tenant and land lord

Track property taxes and other fixed costs

Consolidate all costs and payments for lease and property

View portfolio profile and metrics by portfolio heirarchy

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