Estimating Software
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<strong>Estimating</strong> <strong>Software</strong> – Security<br />
compliance. Companies that follow regulations set by external entities are more likely to survive a<br />
potential investigation than companies that neglect regulatory compliance. Additionally, following<br />
compliance policies can help protect a company's reputation.<br />
For corporates that administer central policies, it can sometimes be difficult to govern these standards<br />
across multiple entities. However, by administering centralised estimating software controls, standard<br />
contractual and legal terms can be applied to all new projects reflecting any corporate governance to<br />
simplify this process.<br />
Using Best Practice Frameworks To Win<br />
Dave Berkus, a noted speaker, author and early stage private equity investor stated: “Where there’s<br />
mystery, there’s margin 1 ”. It was a statement he created in the 1980s to describe what he clearly saw<br />
as the last chance to make high margins on the sale of computer hardware to businesses.<br />
When it comes to your estimating data, however, Dave could have said: “Where there is transparency,<br />
there’s margin”. Insights in your estimating data can assist in managing your cost structure and<br />
resources, and thus improve profits.<br />
There is a crucial rule in business “What you can measure you can manage”. By storing estimating<br />
data, and by accessing that trusted information securely, a corporate can stay ahead of the<br />
competition by better managing the parts of the business that they have the most control over. That<br />
is - plant, labour and material costs.<br />
Companies that challenge industry conditions and paradigms, as well as focusing on customers and<br />
not competitors, win. Companies who can trust their data differentiate at low cost and empower their<br />
employees with tools and best practice frameworks, win. Additionally, companies that automate<br />
processes and maximise their opportunities while minimising risk, win.<br />
Conclusion<br />
Data security must protect information throughout its lifespan, from its initial creation through to the<br />
final disposal of that information. So, it will be the effective security governance set in place that helps<br />
corporates protect the data which contains their valuable intellectual property.<br />
Strategic, compliance, operational and reputational risks are all impacted depending on how a<br />
corporate governs their data and so it is important that good information security business policies<br />
are set in place and are enforced.<br />
It is this superior adherence to information security which is fundamental to corporate success in a<br />
global operating environment.<br />
1<br />
http://berkonomics.com/?p=860<br />
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