article thumbnail

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

Epicflow

Plan for uncertainties and risks Remember that project plans should not be deterministic as if nothing is going to change during the work on a project. Also, it’s essential to prepare for uncertainties — e.g., include time and capacity buffers in your estimates.

article thumbnail

AI-Powered Clean Tech: Transforming Business Operations

Tom Spencer

In this blog post, we will explore how consulting firms can assist companies in adopting AI-powered clean technologies and highlight specific examples of how consulting firms can adapt their services to support organizations in this area.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Epicflow

For example, welding can be dangerous for workers; assembling an air- or a spacecraft involves moving large-scale parts from one facility to another, working on the top of an air-/spacecraft, which increases chances for accidents and/or employees’ injuries. . Step 3: Analyzing risks. Step 4: Developing risk response strategies.

article thumbnail

The Impact of Carbon Taxation on Supply Chains in China

Comatch

One famous example is Volvo announcing in 2021 that from 2030 on, they would only sell fully-electric cars (phasing out combustion engines, including hybrids). . Green finance is becoming increasingly dominant, as long-term investors see environmental risk management as a fundamental success factor in securing long-term returns.

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?

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. Keeping Contracts Consistent.

article thumbnail

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

Epicflow

For example, in this case, every decision will be made from a cost-cutting perspective, which can lead to missed opportunities. For example, laying off employees as one of the cost-cutting measures is quite common during an economic downturn. Cost Cutting: Importance of Strategy, Risks Posed. References Kenton, Will.