Epicflow

MARCH 22, 2024

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?

Risk Analysis 52

Risk Analysis Data Management Analysis 52

Progressus

AUGUST 29, 2023

Give Accurate Project Estimates Deriving high-quality cost estimates depends heavily on the quality of data, for example, historical databases, comprehensive project plans, and standard work break down structures make it easier to make comparisons to similar projects. All estimates should link back to relevant data. Out-of-date data.

Comparison 52

Comparison Management Data Analysis 52

Epicflow

JUNE 10, 2022

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. Competition at the domestic and international markets. Step 3: Analyzing risks. Risk Management in Engineering. .

Engineering 98

Engineering Management How To Risk Analysis 98

Epicflow

FEBRUARY 15, 2024

Uncertainty There are various sources of uncertainty in manufacturing: inflation, ongoing supply chain challenges, geopolitical tensions, changing market demands, and even the latest technology adoption. Data-driven decision-making In a highly risky and uncertain environment, it’s essential to make reasonable decisions.

Management 52

Management Strategy Strategy Strategy& 52

Comatch

MAY 16, 2022

Many companies in European markets that have producers or suppliers in China currently do not assess carbon footprint in their supply chains. The European Union will start to demand carbon footprint data from 2023 and introduce a carbon border tax from January 2026. While the industry average price for steel shall see a 16.9%

Chemicals 52

Chemicals Energy Metrics Industry 52

Epicflow

APRIL 29, 2022

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. There are several classifications for risk categories in project management. Probability of risk occurrence.

Resources 52

Resources Efficiency Management Examples 52

Harvard Business

AUGUST 1, 2018

Machine learning is increasingly being used to predict individuals’ attitudes, behaviors, and preferences across an array of applications — from personalized marketing to precision medicine. Sampling bias may produce models trained on data that is not fully representative of future cases.

Data 35

Data Training Training Metrics 35