From 1945 to 1965, the financial market in the U.S. moved upward. It then moved sideways until 1982, and up again until 2000. Right now, we are engaged in another great sideways movement. It could continue for another decade or so, and as businesses fail and members of congress pound their fists, it is natural to fear for the future.
Cost engineers understand the value of effective project cost estimation and analysis more than anyone. In today's competitive environment, every dollar counts and organizations cannot afford to remain ignorant about true project costs. Fortunately, there are a few formulas that help cost engineers to track and analyze project cost and to estimate projects with increasing accuracy in the future.
The current state of the global economy has created new challenges for companies all over the world. This has led to executive decisions being made out of panic, such as firing quality employees and slashing important programs. Regardless of their efforts, many companies have seen plummeting revenue streams, sometimes being forced out of business altogether.
A recent survey from the United States Bureau of Labor Statistics shows that in 2010, 24 percent of employed people did some or all of their work at home. This trend is only set to increase and we’ll soon have the 2011 statistics to prove it. For CIOs, managing communication between onsite and offsite employees as your workforce becomes increasingly spread out through virtualization, outsourcing, working from home, etc. can pose quite a challenge.