Category Archives for Finance

Overhead Costs & Overhead Value Analysis

All organizations are interested in finding opportunities to reduce overhead costs and Overhead Value Analysis (OVA) is one technique which can be used to achieve this. OVA focuses on a reduction in the overhead of horizontal costs (indirect costs) within an organization, such as facilities management and human resources. This is highlighted in the diagram […]

An Introduction to Contract Types

Whether you’re managing a small project or a large complex program you need a basic understanding of the different types of contract you’re likely to encounter when buying from external organizations and 3rd parties. A contract is defined by Wikipedia as, “… an exchange of promises between two or more parties to do, or refrain from […]

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