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Estimating Software – Security

compliance. Companies that follow regulations set by external entities are more likely to survive a
potential investigation than companies that neglect regulatory compliance. Additionally, following
compliance policies can help protect a company's reputation.
For corporates that administer central policies, it can sometimes be difficult to govern these standards
across multiple entities. However, by administering centralised estimating software controls, standard
contractual and legal terms can be applied to all new projects reflecting any corporate governance to
simplify this process.

Using Best Practice Frameworks To Win

Dave Berkus, a noted speaker, author and early stage private equity investor stated: “Where there’s
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mystery, there’s margin ”. It was a statement he created in the 1980s to describe what he clearly saw
as the last chance to make high margins on the sale of computer hardware to businesses.
When it comes to your estimating data, however, Dave could have said: “Where there is transparency,
there’s margin”. Insights in your estimating data can assist in managing your cost structure and
resources, and thus improve profits.
There is a crucial rule in business “What you can measure you can manage”. By storing estimating
data, and by accessing that trusted information securely, a corporate can stay ahead of the
competition by better managing the parts of the business that they have the most control over. That
is - plant, labour and material costs.
Companies that challenge industry conditions and paradigms, as well as focusing on customers and
not competitors, win. Companies who can trust their data differentiate at low cost and empower their
employees with tools and best practice frameworks, win. Additionally, companies that automate
processes and maximise their opportunities while minimising risk, win.

Conclusion

Data security must protect information throughout its lifespan, from its initial creation through to the
final disposal of that information. So, it will be the effective security governance set in place that helps
corporates protect the data which contains their valuable intellectual property.
Strategic, compliance, operational and reputational risks are all impacted depending on how a
corporate governs their data and so it is important that good information security business policies
are set in place and are enforced.
It is this superior adherence to information security which is fundamental to corporate success in a
global operating environment.

1 http://berkonomics.com/?p=860

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