The term “new collar jobs” was first coined by IBM CEO Ginni Rometty in a 2016 Wall Street Journal article. It refers to jobs that require a mix of technical and soft skills, but not necessarily a traditional four-year college degree. These jobs are often in high-demand fields such as cybersecurity, cloud computing, and data … Read more
A fixed price contract is a type of contract where the price is not subject to change, regardless of any changes in the scope of work or other circumstances. This type of contract is typically used when the scope of work is well-defined and both parties are confident that there will be no significant changes. … Read more
FinOps, also known as financial operations, is the process of managing financial data and resources within an organization. This includes tracking income and expenses, preparing financial statements, and forecasting future financial needs. FinOps is a critical part of any organization’s operations, as it helps to ensure that the organization is financially stable and can make … Read more
The Peter principle is the informal principle that, in an organization where promotion is based on achievement, success, and merit, people tend to be promoted to their highest level of competence and then remain there. In other words, employees are promoted until they reach the level at which they are no longer competent. The principle … Read more
A communication plan is a document that outlines how information will be shared between different parties involved in a project. The plan should identify who needs to receive what information, when they need to receive it, and how it will be delivered. The communication plan should also include a process for monitoring and tracking communication … Read more
A business process professional is an individual who is responsible for the efficient and effective operation of business processes. This includes the identification, design, and implementation of processes that will improve the overall performance of the organization. The business process professional is also responsible for the continual monitoring and improvement of these processes. What is … Read more
Work-life balance is the term used to describe the balance that an individual needs to maintain between work and the other important aspects of their life. This includes, but is not limited to, their family, personal, and social life. It is important to maintain a healthy work-life balance as it can help to prevent burnout … Read more
High-frequency trading (HFT) is a type of algorithmic trading that uses very fast computer systems to buy and sell securities. These trades are typically based on complex mathematical models that analyze market data and make trading decisions in a split second. HFT has become a controversial practice in recent years, as some have argued that … Read more
The Middle of Life (MOL) is a term used in enterprise resource planning (ERP) to refer to the stage in a company’s life cycle when it is no longer a start-up, but has not yet reached maturity. This is typically the stage when a company is growing rapidly and is investing heavily in new products … Read more
