Recent TRG blog posts

Risk management is an irreplaceable part of any enterprise in order to run every business project more effectively, safely as well as less costly. However, not all project managers have enough time, effort and teams to identify the risk correctly and take action ontime to prevent the risks to become real problems. In the last post, we discussed about the first 5 golden rules of project risk management. Today, we're going through the remaining 5 rules in risk management:

Ever since the economy crisis in 2008 – 2009, organisations have to face with a lot of changes in order to adapt with the fluctuated environment as well as to ensure their survivals in the competitive market. Recent survey conducted by the Economist Intelligence Unit in March 2013 has found out that firms are slowing down their recovering process and paying more attention to risk management (Apostolik, R, 2013).

As a result, effective and accurate risk alignment will help minimise the impact of threats, maintain project’s timeliness as well as keep the actual costs on track with the budget. Here are 10 golden rules to help managers to manage project risks effectively.

Annual report – As sad as it may seem, the concept of preparing/using the document is still a grey area in Vietnam. According to the Ministry of Finance, to date there are 1,690 public companies in Vietnam, 704 of which are listed in 2 stock markets. However, in 2011, only 21 out of 695 listed companies sufficiently met mandatory regulations regarding information disclosure.

Research shows that globalisation trend is growing. With all the technologies, internet and the vehicles they empower from e-commerce to social media, the world continues to be smaller since information now is more accessible, and business opportunities follow it become broader to catch.

In the previous posts of this “Managing your business in a volatile climate” blog series, we discussed about a renewed focus on risk management, business forecasting and new technologies that businesses can leverage to stay competitive in a volatile market. In this articles, the last post of this series, we will discuss about improvement of businesses responsiveness to volatility by capitalising on core processes and technology investment.

In the increasingly volatile and regulation-filled business world, the ability to adapt is of utmost importance. But handling change and complexity is a challenge for companies, especially when they try to step out of the domestic environment and into the global zone.

Cash flow management is one of the most important tasks to any CFOs. Cash is the blood of any entity. Having good cash flow management not only guarantees the health of your business but also forms a strong foundation to launch your business to a new height.

Changes in industry and global market provide an opportunity for CFOs to re-evaluate the capabilities and responsibilities of the finance function, align new models and processes to the business, set stages and SMART objectives for more accurate planning, budgeting and forecasting, as well as improve strategic decision making for growth. In the last post, we discussed about four evolving roles of the modern CFOs, which are changed from traditional tasks of financial governance and control to a more strategic and entrepreneurship role in the organisation. But no matter what the roles are, the ultimate goal of CFOs is delivering the most effective decision that will lead the organisation into the future.