Asset Global Recovery

  Asset Global Recovery Reviews | Organisations only exist to achieve something that individuals can't achieve alone. This involves coordinated, cooperative effort. In 1938, Chester Barnard, author of The Functions of the Executive, wrote "the only measure of a cooperative system is its capacity to survive". Despite its vintage, that seems like a valuable insight at the moment with the demise of so many household names over the last decade and many more to come during the current economic turmoil.   But how to measure an organisation's capacity to survive? Is it the age of the organisation? But that only measures historical capability to survive, not necessarily the current and future capacity. Is it a measure of vitality - like a doctor measuring vital signs: heart rate, blood pressure, blood composition, immune system, etc.? Measuring liquidity, cashflow, and any number of financial ratios are useful metrics. But, continuing the medical analogy, measuring vit...

Asset Global Recovery Reviews | The truth is, relationships are so imperative in business that without them you will not be able to create a profit. You'll need to build relationships with many different types of people. Relationships with vendors, contractors, employees, clients and customers are all part of doing business.   In fact, some will argue that relationships are one of your most important assets in your business. They Build Trust Relationships give you time to build and develop trust so that a business deal can be made without worry. That doesn't mean you don't still make contracts, but it does mean that you have some assurance based on the relationship that the contract will be honored. Strong Connections Predict Success Studies show that people who develop community connections and strong relationships tend to have a better quality of life, and become more successful than those who don't connect with others. Managing Relationships Takes Ski...

  Asset Global Recovery | The benefits of risk management are vast, yet for many projects this is an area still commonly overlooked. By applying simple and consistent risk management techniques we can easily minimise the impact of potential threats as well as leverage potential opportunities. This not only ensures meeting the agreed scope, cost and time but also improves the overall health and efficiency of the project operation, team members and wider stakeholders. This article comes back to the basics on the key rules of managing risk, to ensure your projects are consistently delivered with full success. Tip #1 - Implement a solid identification process Sounds simple right. However there are still many projects today that are managed with absolutely no formal risk identification incorporated. Then there are others that think they are using risk management appropriately but are not applying the correct techniques to identify risks. The identification process will depend on the...

  Asset Global Recovery | Why do so many organisations embark on high-risk projects without demanding robust project assurance? Projects fail for many reasons. Recent global studies indicate that inadequate risk management is a common cause.   Successful project managers aim to resolve high levels of exposure before they occur, via systematic risk management processes. Many projects are inherently exposed to myriad risks and are often significant in scale, complexity and ambition. Delivering large-scale projects can often be adversely impacted by a bias towards being over-optimistic. Imperfect, insufficient or inadequate data increases exposure that often results in over-estimating benefits and under-estimating costs. Managing macro and micro-level events related to achieving project deliverables, whilst balancing the needs of many stakeholders, has become increasingly important. Assessing risks at both portfolio and work-stream levels helps increase confidence tha...