Remove Development Remove Efficiency Remove Methodologies Remove Reference
article thumbnail

7 Essential Questions About a Project Management Office (PMO)

Epicflow

As companies develop and grow, and the number of projects they deliver increases, business leaders are seeking ways to ensure more efficient coordination of all their initiatives. Establishing project management methodology, standards, and best practices. Does every company need a project management office? What is a PMO?

article thumbnail

How to Tame Uncertainty of Research and Development: Tips on Managing R&D Projects

Epicflow

Research and development projects involve the process of discovering new ideas, technologies, and solutions to create new products (or services) or improve existing ones. In addition, changing requirements are commonplace for research and development projects. Will the developed product satisfy customers and be relevant in the market?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Phase-Gate Process in Project Management: Questions and Answers

Epicflow

There are a variety of approaches and methodologies aimed to increase the effectiveness of managing projects and deliver better outcomes. A phase-gate process (also known as a stage-gate process) is an approach to managing projects and developing products, which breaks the whole procedure down into phases separated by gates.

article thumbnail

6 Current Trends in Project Management [2024]: What to Prepare for?

Epicflow

In a nutshell, AI automates repetitive tasks and makes predictions thereby increasing efficiency, streamlining the workflow, and improving decision-making. 4] Digital skills In response to the active implementation of technologies and data analytics, project managers also require developed digital skills that should be regularly updated.

Trends 52
article thumbnail

Cost Overrun in Aerospace and Defense: The Main Causes and How to Prevent Them

Epicflow

Applying inappropriate project management methodology. It may seem that the choice of a project management methodology has little to do with cost overrun. However, for some projects, a certain project management methodology can become crucial for a project’s success. Utilize resources with maximum efficiency.

article thumbnail

Impact of Data Analytics in Consulting

Tom Spencer

“Data scientists, fast computers, and advanced software are replacing traditional decision-making processes and disrupting tried-and trusted traditional consulting methodologies, with Big Data being one of the main forces of disruption” ( Tras, 2015 ). References. The words “big data” have become a “buzzword” in the business industry.

Data 106
article thumbnail

The goal trap for small businesses

Asamby Consulting

Goal setting refers to how these goals are defined, tracked and managed. Therefore, it is essential to develop and manage specific goals that are clear and unambiguous, and that everyone understands. In this case, Goals are the perfect way to efficiently coordinate a growing and often delocalized team.