Finances

Finances are an inevitable part of running a business. Some love it, others love to hate it. Here you'll find inspiration to do a little better..

Financial leadership is in demand

THEME | The demands for the manager or the executive’s financial insight, his understanding of the economy’s influence on administrating the company and how he communicates about finances are growing.

How to develop a simple risk management plan

TOOL | By having a risk management plan at hand, you can avoid having small problems turn into big, perhaps even irreversible problems. This model takes you through a number of steps that guarantee you have a well laid-out plan ready – just in case…

Beyond budgeting: Is it time to get rid of the budget?

TOOL | For a long, long time there has been a consistent and penetrating criticism of the budget. According to several experts it's because the budget is neither build for making strategic decisions nor for assessing coworker performances and payments.

Activity Based Costing (ABC)

TOOL | ABC is an alternative to traditional budgeting, where a company’s indirect costs such as electricity, heat and marketing are divided proportionally in accordance to the direct costs of the activity. This is dissatisfying because two activities that consumes the same amount of direct costs can easily consume totally different amounts of indirect costs.

Impact measurement after the ROI method (1/3)

VIDEO | What was the return on your latest project? If you do not know or are in doubt you can learn much more in this video series with Peter Levinsen. Contrary to what many may think, according to Peter, it is not difficult. It only requires that you know how to do it.

Gantt chart

TOOL | A Gantt chart is a graphic overview and a time schedule for every one of the elements and connections within a project.