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Financial close management. Financial close management [1] (FCM) [2] is a recurring process in management accounting by which accounting teams verify and adjust account balances at the end of a designated period [3] in order to produce financial reports representative of the company's true financial position [4] to inform stakeholders such as ...
A bridge management system ( BMS) is a set of methodologies and procedures for managing information about bridges. Such system is capable of document and process data along the entire life cycle of the structure steps: project design, construction, monitoring, maintenance and end of operation. [1] [2]
A human resources management system ensures everyday human resources processes are manageable and easy to access. The field merges human resources as a discipline and, in particular, its basic HR activities and processes with the information technology field. This software category is analogous to how data processing systems evolved into the ...
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle: scope, time, and costs. In a single integrated system, EVM is able to provide accurate forecasts of project performance problems, which is an important aspect of ...
On marine vessels the Power Management System PMS is in charge of controlling the electrical system. Its task is to make sure that the electrical system is safe and efficient. If the power consumption is larger than the power production capacity, load shedding is used to avoid blackout. Other features could be to automatic start and stop ...
At the core of a modern outage management system is a detailed network model of the distribution system. The utility's geographic information system (GIS) is usually the source of this network model. By combining the locations of outage calls from customers, a rules engine is used to predict the locations of outages.
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