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Examining Effective Cost Estimation

GovLoop

When it comes to maintaining and upgrading government sites and facilities , your cost estimation methods may not be up-to-date or accurate. Unfortunately, the nature of the low-bid methodology in government contracting invites the possibility of cost overruns. Project costs escalate rapidly. An example? Favorite

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The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

Adaptation to Technological Advances: With the rapid integration of technology such as AI in financial management, nonprofits must quickly adapt to utilize these tools effectively, which can be a barrier for organizations with limited tech expertise or resources. This step is crucial for setting realistic financial goals.

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Give Proposed Projects a Hard Look

GovLoop

Include information regarding the current solution, including cost and any technology involved. Weigh the potential outcome with the expected costs to the agency, other agencies and the general public, as well as any risks involved. In May 2020, the watchdog agency created a guide to estimate and assess costs.

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Scale Up Your Agency’s Success

GovLoop

Agencies have a lot of data to manage and that can get costly – it’s estimated that 45% or more of all enterprise IT spending will be used toward public cloud solutions by 2026. If your organization consistently goes beyond its committed capacity, the vendor will adjust accordingly.

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Building a local economy versus "economic development": Gambling

Rebuilding Place in Urban Space

In terms of gross domestic product, the multiplier effect causes gains in total output to be greater than the change in spending that caused it. But economists cautioned that the cost of higher problem gambling rates could be “roughly equal” to the state’s takings. Investopedia) This is a big issue with sports events.

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The true costs of resiliency decisions

AWS Public Sector Blog

Many organizations may not fully recognize or calculate the true costs of workload resiliency decisions. These true costs include the full spectrum of costing considerations that make up a decision, from readily-determinable accounting costs to less-recognizable intangible costs.

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Icometrix helps to detect and treat neurological diseases with AI imaging, powered by AWS

AWS Public Sector Blog

In 2017, one study estimated that the cost of care for patients suffering from the nine most common neurological conditions amounted to nearly $800 billion in the US alone. Multiple sclerosis (MS), another devastating neurological condition, affects an estimated three million people globally.

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