Demand for humanitarian assistance is growing and existing financial resources are inadequate to address all areas of need. As stewards of limited funds, we have a responsibility to make the most ...

Learn about friction cost to make better informed decisions: its implications in investments and loans, and how it helps assess the true cost of financial transactions.

Discover how efficiency variance reveals the gap between expected and actual inputs in production and its impact on labor, materials, and costs.

The finances of central banks is a topic of renewed interest: many central banks are posting significant losses due to the cost of monetary policy, over which central banks have no control. Conversely ...

The growing number of humanitarian crises worldwide demands urgent action, yet resources remain critically limited. The gap between available funding and resources needed to meet urgent humanitarian ...

Dan Galorath is founder and CEO of Galorath, a leader in cost estimation, actionable data and expertise for informed decision-making. Cost engineering has always been pivotal in balancing project ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

If you have been wondering whether United Parcel Service is a bargain or a value trap at today’s price, you are not alone. This breakdown is designed to cut through the noise. UPS shares recently ...

As part of Saudi Aramco’s efforts to advance engineering solutions aimed at increasing efficiency across its operating platform, Aramco’s process and control systems department recently evaluated ...

Artificial intelligence is reshaping how legal work gets done—and it's happening faster than most firm leaders expected. The technology promises extraordinary efficiency but introduces a paradox: ...