article thumbnail

AI-Powered Clean Tech: Transforming Business Operations

Tom Spencer

By harnessing the potential of AI, companies can optimize the integration and management of clean technologies , leading to increased efficiency, cost savings, and environmental sustainability. AI algorithms rely on having access to large high-quality data sets for accurate analysis and decision-making.

article thumbnail

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

Epicflow

Finally, increased digitalization carries cybersecurity risks that can put sensitive data as well as a project’s safety at stake. . Risks specific for the aerospace and defense industry. The classifications of risks mentioned in the previous section will also be useful to determine possible threats. . Conclusion.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Ultimate Guide to Manufacturing Project Management: Best Practices and Strategies

Epicflow

Risk management being an integral part of project management involves predicting all possible risk-bearing events and planning responses to them. More efficient utilization of resources. Data-driven decision-making In a highly risky and uncertain environment, it’s essential to make reasonable decisions.

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?

article thumbnail

Creating a Risk Register: All You Need to Know

Epicflow

How to Create a Risk Register? Before filling in a risk register, you should think of all possible risks. analyzing historical data, consulting stakeholders and team members, modeling and simulations. What tools can a project manager use for more efficient risk management? Lavanya, N. &

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. AI software, however, can easily extract data and clarify the content of contracts. (It These firms have generally seen an increase in productivity and efficiency in their contracting.

article thumbnail

Saving ?osts in a Long-Term Perspective: How a Resource Management Solution Will Help You Gain More in the Long Run

Epicflow

Also, if a company decides to cut expenses but does nothing to increase operational efficiency, it may lead to delivering low-quality output and decreased customer satisfaction. To achieve this, you should analyze your business processes, improve operational efficiency, and identify the causes of excessive expenses.