article thumbnail

Enhanced due diligence in bankingĀ 

Productivity Land

Enhanced Due Diligence (EDD), also known as Politically Exposed Person (PEP) screening, is a process that banks and other financial institutions must use to identify the risk associated with doing business with foreign individuals. The FATF Secretariat is hosted by the OECD in Paris, France.

article thumbnail

Service Request Management in IT: Process & Best Practices

ProjectManager.com

When someone makes a request in the information technology (IT) world, whatever that might be, there’s a process involved to fulfill that request. This is called a service request and controlling that process is called service request management. It also includes the tools that are used to run this process.

Process 321
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

A change control board is sometimes referred to as a change review board. Through this process of detailed examination, the change control board decides on the viability of the change request or makes recommendations accordingly. A change control board looks at change requests which are then reviewed in detail. Learn more.

article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 345
article thumbnail

Exploring the Benefits of an Agile Application Modernization Approach

Leading Agile

Vendors are dropping support of key technologies used by your application. Staffing for legacy technologies is increasingly expensive and difficult to find. Containerized, scalable, future-proof, nimble, compliant, secure, cost-effective, and ready for the rapidly emerging technology trends that customers want.

article thumbnail

Startup Business Loans: Financing Options for New Companies (2023)

Productivity Land

Entrepreneurs can take advantage of business financing in jump-starting their businesses, purchasing necessary equipment, as well as in expanding operations. As such, choosing the right financing requires careful planning. It offers early-state financing for developing proprietary technology.

Finance 79
article thumbnail

Operations Management: Key Functions, Roles and Skills

ProjectManager.com

Operations management (OM) is the process of administration of business operations and/or production management in order to achieve specific goals such as increased productivity and higher profitability. Company resources, such as staffing, materials, equipment and technology, are all part of the optimization process of operations management.