New Business Process Model Boosts Organization's Financial Performance and Efficiency!
The article discusses how businesses manage project costs by analyzing revenues and expenditures. Revenues are increases in economic benefits, like money coming in or assets going up, while expenditures include losses and expenses. Financial results are used to measure performance and guide decision-making. Financial expenses can include losses on investments, foreign exchange losses, interest payments, and discounts given to customers. By understanding these financial aspects, organizations can make better decisions about managing their projects and resources.