Single point of failure

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This is called a “single point of failure” when you have one person solely responsible for business-critical capabilities that can threaten the success of the project or business when they leave. Many organizations have an Excel specialist. This is the person everyone else relies on to run reports, manage project data, and communicate important project details. But people go on vacation, get sick, and leave organizations—you can’t afford to let your project data go with them.

Training new people takes time (and money), and of course, if your project performance data is interrupted, that can cost you too. You can solve this problem by opening up project data to more people, which you can do with online project management software.

Most software companies also support Excel import turn leads into sales with overseas chinese in worldwide data so you can easily transfer Excel files to the online platform. But you can’t do this if the file is lost or corrupted.

Where project management software used to be reserved for professional project managers, today many people manage their projects online, innovating new ways to collaborate with their teams. According to McKinsey, when used correctly, these new collaboration and project management tools “have the potential to generate between $900 billion and $1.3 trillion in annual value.” And that’s a lot of money.

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How can you make your meetings more effective? Do you use any of these tips? Let us know in the comments below!

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