Remove Article Remove Development Remove Efficiency Remove Risk Analysis
article thumbnail

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

So, the importance of risk management cannot be overestimated – it’s better to stay ahead of all possible threats to your project. . What are the most typical risks associated with aerospace engineering projects, and how to manage them effectively? Let’s figure it out in the article. . Step 1: Planning for risks .

article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How AI Is Changing Contracts

Harvard Business

Contracting is a common activity, but it is one that few companies do efficiently or effectively. But recent technological developments like artificial intelligence (AI) are now helping companies overcome many of the challenges to contracting. And it can reduce the risk of human error in contract drafting and review.

article thumbnail

The Importance of Project Risk Management for A&E Firms

Progressus

Because a reasonable and supportable budget is essential to a project’s efficient and timely execution, a competent estimate is the key foundation of maximizing project profitability. Conclusion Generally, a project’s approved cost estimate is generally used to create the project budget. It requires both science and judgment.