article thumbnail

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

Epicflow

As part of a project management plan, a project manager and/or an engineer should develop a risk management plan that includes all necessary information for the project team: the goal and objectives of the risk management process, necessary tools and techniques, documentation, reporting, responsibilities and roles. .

article thumbnail

How AI Is Changing Contracts

Harvard Business

While software for legal document review has existed for years, it typically only helps companies store and organize their contracts. AI contracting software can, for example, identify contract types (even in multiple languages) based on pattern recognition in how the document is drafted. New Processes Require New Skills.

article thumbnail

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

Epicflow

Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. Risk Analysis: Essential Components A risk is an event or circumstance with either a positive or negative effect on a project. So, what do you need for an efficient risk analysis?