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

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. Issues with the supply chain lead to poor quality of products and delays in their releases. Step 3: Analyzing risks.

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

Specifics of Project Management for Manufacturing Companies The manufacturing environment deals with creating physical products, which in turn embraces a variety of processes that should be properly managed. This challenge is complexified by the demand for the high quality of delivered products and a lack of human resources.

article thumbnail

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

Epicflow

This can be explained by low morale in such companies: their people are usually concerned about the possibility of being laid off, which affects their commitment and productivity. As a result, every team member knows what work he or she should focus on at the moment, there’s no bad multitasking, and the work on projects is maximum productive.

article thumbnail

The Impact of Carbon Taxation on Supply Chains in China

Comatch

The European Union will start to demand carbon footprint data from 2023 and introduce a carbon border tax from January 2026. Companies need to start acting now to get data for compliance in 2023 and take this opportunity to assess carbon risks and mitigation actions together with suppliers.

article thumbnail

How AI Is Changing Contracts

Harvard Business

Most firms don’t have a database of all the information in their contracts – let alone an efficient way to extract all that data – so there’s no orderly and fast way to, for example, view complex outsourcing agreements or see how a certain clause is worded across different divisions.